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Insurance

Now, agents can sell crop ins­­­­­urance policies through sales representatives
IRDAI has allowed Point of Sales Person (PoSPs) of intermediaries to distribute government approved crop insurance schemes.
by Nishant Patnaik Jul 1, 2016
95% of Indians are underinsured for any health crisis: BigDecisions survey
The survey shows that consumers above 45 years of age are a high risk group and are least prepared for health emergencies.
by Team Cafemutual Jun 29, 2016
IRDAI may relax agency norms to sell simple insurance policies
Individuals who wish to distribute plain vanilla products like motor third party insurance may be allowed to sell them without acquiring agency license.
by Nishant Patnaik Jun 28, 2016
e-insurance policies likely to get cheaper than physical policies
IRDAI has permitted insurers to offer discount on e-insurance policies.
by Team Cafemutual Jun 24, 2016
Life insurers record 36 percent growth in new business premium collection in April-May 2016
The growth was largely on account of LIC which contributed more than 70% to the overall industry’s new business premium collection.
by Team Cafemutual Jun 23, 2016
Profits of top 10 life insurers grows marginally in FY15-16
LIC emerges as the most profitable insurer clocking a net profit of Rs. 2,518 crore last fiscal.
by Nishant Patnaik Jun 20, 2016
Life insurance industry pays Rs. 13,000 crore commission in April-December 2015
Considering that the life insurance industry has 20 lakh agents, each agent has earned close to Rs. 65,000 on an average during April-December 2015.
by Nishant Patnaik Jun 20, 2016
IRDAI removes 2-hour-a-day cap on training for acquiring IMF license
Agents can undergo 50-hour mandatory training at their will with no maximum cap per day to acquire IMF license.
by Team Cafemutual Jun 16, 2016
Web-aggregators can sell insurance products, proposes IRDAI
The insurance regulator has proposed to put web-aggregators under the ambit of insurance intermediaries.
by Team Cafemutual Jun 14, 2016
IRDAI proposes to float ecommerce platform for selling insurance policies
IRDAI has proposed that insurers, brokers and agents can distribute insurance policies through e-commerce platform called Insurance Self-Network Platform (ISNP).
by Nishant Patnaik Jun 10, 2016
HDFC ERGO to acquire L&T General Insurance
This deal has been valued at Rs. 551 crore.
by Team Cafemutual Jun 3, 2016
IRDAI imposes Rs. 35 lakh fine on Future Generali India Insurance
The company was found to employ agents and entities who either did not have a license or their licenses had expired.
by Poonam Bansal May 27, 2016
Insurers to disclose executive salaries
Insurers will have to publish the remuneration of MDs, CEOs and CIOs in annual reports.
by Nishant Patnaik May 25, 2016
Now, agents can shift from one insurer to another
Experts believe that the industry may see migration of agents to private insurers.
by Nishant Patnaik May 20, 2016
IRDAI to impose a fine of Rs. 1 crore on insurers if their agents mis-sell
IRDAI has incorporated amendments pursuant to the Insurance Law Amendment Bill.
by Team Cafemutual May 19, 2016