IRDAI imposes a fine of Rs. 5 lakh on Reliance Nippon Life Insurance
Reliance Nippon Life Insurance had deducted premium amount from the overall premium instead of risk premium during free look period.
by Team Cafemutual Dec 27, 2017
Non-life insurers paid a gross commission of Rs. 7,000 crore in FY 2016-17
While individual agents received Rs. 3,700 crore from insurance sales, banks received Rs. 804 crore last fiscal.
by Team Cafemutual Dec 11, 2017
Non- Life insurance premium up by over 300% in last nine years
The total non-life insurance premium increased from Rs. 29,500 crore in FY 2007-08 to Rs. 1.28 lakh crore in FY 2016-17.
by Kanika Bhargav Nov 27, 2017
Now agents can sell insurance policies online
Coverfox launches Coverdrive app for insurance agents.
by Nishant Patnaik Nov 27, 2017
Flipkart to sell insurance policies, soon to venture into mutual funds distribution
The company’s recent ROC filing said that it would act as a corporate agent to distribute insurance policies.
by Team Cafemutual Nov 24, 2017
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