Max Bupa bets big on its service delivery
Launches Brand Campaign on its 30 Minute Cashless Promise
by Team Cafemutual Mar 10, 2017
IRDAI urges insurers to encourage agents for open architecture model
TS Vijayan has urged agents to float insurance marketing firm (IMF) to grow business.
by Rosevina Gonsalves Mar 9, 2017
Now personalized solutions to life insurance related queries just a chat away
BSLI launches comprehensive Chatbot service
by Team Cafemutual Mar 7, 2017
Third party motor insurance to get costlier
The insurance regulator has proposed to hike third party motor insurance premium rates by up to 50%.
by Team Cafemutual Mar 4, 2017
Only 30% of life insurance agents sell non-life policies
Six lakh agents sell non-life policies as against 20 lakh agents in life insurance industry.
by Rosevina Gonsalves Mar 2, 2017
IRDAI legalizes incentivizing agents with gifts
IRDAI has allowed insurance companies to reward insurance intermediaries with incentives in the form of gratuity, insurance cover, promotional gifts, office expenses etc.
by Nishant Patnaik Feb 23, 2017
Non-life insurance industry pays out Rs.6000 crore commission in FY 2015-16
Overall, the commission expense of the non-life insurance industry has increased by 11%.
by Rosevina Gonsalves Feb 23, 2017
Non-life insurers profit declines by 30% in FY 2015-16
Net profit of the non-insurance industry declined from Rs.4600 crore to Rs.3200 in FY 2015-16.
by Rosevina Gonsalves Feb 22, 2017
Non-life insurance AUM crosses Rs.1.75 lakh crore
Increase in economic activity and overall industry growth have contributed to the rise in AUM
by Rosevina Gonsalves Feb 20, 2017
Life insurance industry pays out over Rs.20,000 crore commission in FY 2015-16
Considering that the life insurance industry has 20 lakh agents, each agent could have earned close to Rs.1 lakh on an average in FY 2015-16.
by Team Cafemutual Feb 16, 2017
Agents sell 70% of health insurance policies
Agents have brought in premium of close to Rs.8100 crore in FY 2015-16.
by Team Cafemutual Feb 14, 2017
7 out of 10 life insurance policies sold by agents
Individual agents have sold 68% of the new life insurance policies in FY 2015-16.
by Team Cafemutual Feb 10, 2017
Life insurance AUM crosses Rs.25 lakh crore in FY 2015-16
Robust collection of new business premium and improved persistency ratio has driven this growth.
by Team Cafemutual Feb 10, 2017
Life insurers to pay penal interest for delay in settling claim
Life insurance claims settlement is expected to get speedier as a consequence.
by Team Cafemutual Feb 9, 2017
Non-life insurers continue to incur losses in FY 2015-16
Experts attribute this to poor underwriting practices in the non-life insurance industry.
by Rosevina Gonsalves Feb 8, 2017