IRDAI asks policyholders to link Aadhaar with existing insurance policies
However, the insurance regulator has not given any deadline to comply with the guideline.
by Nishant Patnaik Nov 14, 2017
Retirement advisors may receive more incentives to distribute NPS
PFRDA has already hiked incentives of point-of-presence (POP) distributors like banks and corporate entities.
by Rosevina Gonsalves Nov 13, 2017
Now policyholders can purchase health insurance at an ATM
In a first of its kind innovation, Max Bupa has launched ‘AnyTimeHealth’ (ATH) machines to solicit health policies.
by Team Cafemutual Nov 13, 2017
Sales representatives of agents can now distribute health insurance policies
IRDAI has allowed sales representatives to sell health insurance policies having sum assured of up to Rs. 5 lakh.
by Team Cafemutual Nov 10, 2017
No major impact of demonetisation on insurance industry
While the demonetisation exercise attracted new business premium in the life insurance industry in the initial months, it has not increased subsequently.
by Rosevina Gonsalves Nov 8, 2017
Life insurers added over 10,000 agents in the last six months
The total agency force stood at 20.99 lakh as on September 2017.
by Rosevina Gonsalves Nov 7, 2017
Either pay fees or commission to intermediaries selling motor insurance policies, says IRDAI
IRDAI has issued a clarification on the remuneration structure payable to motor insurance service providers (MISPs).
by Team Cafemutual Nov 1, 2017
Agents to get more commission on motor insurance policies
IRDAI has increased the commission structure on own damage motor insurance policies to 17.5% of the premium.
by Rosevina Gonsalves & Nishant Patnaik Oct 30, 2017
Insurance advisors to sell insurance policies online on BSE’s new distribution platform
Bombay Stock Exchange has partnered with American insurance exchange giant Ebix to set up an insurance distribution network in India.
by Team Cafemutual Oct 26, 2017
Non-life insurers see robust growth in new business premium
The general insurance industry has collected Rs. 72,564 crore in six months.
by Team Cafemutual Oct 17, 2017
Three new non-life insurers to start its operations soon
DHFL General Insurance, Acko General Insurance and Go-Digit Insurance have received IRDAI’s go-ahead to enter the non-insurance space.
by Team Cafemutual Sep 21, 2017
IRDAI tightens advertisement norms for insurers
The insurance regulator has directed life insurance companies to segregate death claim settlement ratios of individual and group policies.
by Team Cafemutual Sep 20, 2017
IRDAI to start creating database of 21 lakh agents from next month
The insurance regulator is already in the process of creating a database of other insurance intermediaries like brokers, corporate agents and web–aggregators.
by Rosevina Gonsalves and Nishant Patnaik Sep 18, 2017
HDFC Life Insurance to receive IRDAI’s go-ahead for IPO
The life insurer had filed its draft red herring prospectus (DRHP) with SEBI on August 18, 2017.
by Rosevina Gonsalves Sep 12, 2017
Standalone health insurers paid gross commissions of Rs. 664 crore in FY 2016-17
While individual agents received Rs.480 crore from health insurance sales, banks received Rs.159 crore last fiscal.
by Team Cafemutual Sep 8, 2017