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
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