Smaller insurers report an increase in premium collections, while big players struggle
Big insurers face difficulty in increasing individual premiums, say industry experts.
by Pallabika Mar 2, 2012
New IRDA syllabus pattern is a deterrent
Insurers feel it will take minimum five month to report a rise in recruitment figures.
by Pallabika Feb 26, 2012
IRDA proposes changes in DTC, media reports
At the 14th Global Conference of Actuaries J Hari Narayan, IRDA Chairman reportedly stated that IRDA feels that certain provisions in the Direct Tax Code (DTC) are not in the best interest of the industry.
by Team Cafemutual Feb 21, 2012
Online and mallassurance are the new distribution channel that are picking up
Life insurance players report 20 percent increase in sale through these channels.
by Pallabika Feb 16, 2012
IRDA to form a health forum
The forum would facilitate evolution of regulation in the health insurance industry.
by Pallabika Feb 16, 2012
IRDA may soon put some restrictions on bundling or tying of products
The regulator has issued a discussion paper on tying and bundling of products with insurance policies
by Pallabika Feb 15, 2012
IRDA imposes a ban on advance premium payments for life insurance
Policyholders can make advance payments only 15 days prior in case of monthly payments and 30 days prior in non-monthly payments.
by Pallabika Feb 7, 2012
General insurance premiums register an increase
Industry official relates the increase to awareness about health insurance among customers.
by Pallabika Feb 6, 2012
HIV/AIDS patients can also insure their lives
Life and general insurers have to provide insurance to HIV/AIDS patients under health insurance policies.
by Pallabika Feb 4, 2012
IRDA stresses on need-based selling
As a step to curb mis-selling of insurance policies, IRDA proposes a ‘Prospect Product Mix’ tool for the industry.
by Pallabika Feb 3, 2012
Uniform tariff for insurers availing uniform KYC service
IRDA wants to kick-start the service with 23 life insurance companies.
by Pallabika Jan 30, 2012
Life Insurance companies report a dip in first year premium
Industry experts claim that the dip is mainly due to the reform in regulations: most of the agents are exiting from the industry.
by Pallabika Jan 27, 2012
Insurance web aggregators find new IRDA regulations harsh
Web aggregators are exploring new business model that will be viable in the light of the new guidelines that come into effect from next month.
by Pallabika Jan 5, 2012
Four Life Insurance companies eligible to tap the capital market
IRDA has announced the detailed final guidelines for IPO for life insurance players
by Pallabika Dec 3, 2011
Reliance and Bharti AXA terminate deal
The two parties have mutually agreed to end the negotiation
by Team Cafemutual Nov 28, 2011