Commission payout to agents emerges as a fraud-prone area: EY
Bribery, corruption, commission-related issues and conflict of interest with employees are some of the key concerns in this regard.
by Padmaja Choudhury Feb 28, 2018
Now you can book for an event without worrying about last minute changes
In a first of its kind innovation, HDFC Ergo General Insurance Company has launched Ticket Cancellation Insurance Policy that will get you a refund on cancelling a pre-booked event ticket.
by Team Cafemutual Feb 26, 2018
Insurers bank on LTCG on equity funds, launch new avatar of ULIPs
While Edelweiss Tokio has launched a ULIP for children goal planning, Bajaj Allianz’s ULIP comes with return-of-premium facility.
by Padmaja Choudhury Feb 19, 2018
Insurance agents face tough competition from digital channels: RBI
RBI report says that fintech distribution is disruptive and can change the course of insurance business.
by Padmaja Choudhury Feb 13, 2018
Unclaimed insurance amounts to be used for the benefit of senior citizens
Insurance firms (both life and non-life) are holding close to Rs. 12,000 crore of unclaimed funds as on March 31, 2016.
by Team Cafemutual Feb 9, 2018
Insurers welcome long term capital gains tax in equity
Here is what insurance honchos have to say about the Union Budget 2018-19.
by Team Cafemutual Feb 1, 2018
Non-life insurers paid Rs.9 out of Rs.10 they collected in FY 2016-17
PSU general insurers paid more than they collected last fiscal.
by Team Cafemutual Jan 29, 2018
Life insurance AUM grows to Rs.28 lakh crore in FY 2016-17
Growth was largely driven by improved persistency ratio.
by Team Cafemutual Jan 25, 2018
Motor and health insurance can be a huge market for agents: TS Vijayan
Vijayan also suggested that sum assured policies should be linked with price indexes.
by Team Cafemutual Jan 23, 2018
Direct plans sales of life Insurance companies increase marginally
Out of 2.1 crore life insurance policies sold last fiscal, the life insurance sold 12 lakh policies directly.
by Team Cafemutual Jan 16, 2018
IRDAI says no to standard proposal form
IRDAI has said that they have received negative feedback from insurers on this proposal.
by Team Cafemutual Jan 11, 2018
Agents sell 7 out of 10 life insurance policies
Individual agents sold 69% of the new life insurance policies in FY 2016-17.
by Team Cafemutual Jan 9, 2018
Penetration and density of insurance industry increase
Penetration of the life insurance sector remains unchanged while non life saw a marginal growth.
by Team Cafemutual Jan 8, 2018
IRDAI gives go ahead to Edelweiss Financial Services for non-life business
With this, the total number of general insurers moved up to 33.
by Team Cafemutual Jan 6, 2018
IRDAI instructs general insurers to sell motor third party insurance directly
Insurers cannot deny motor third party insurance.
by Team Cafemutual Jan 4, 2018