IRDA wants agents to adopt super agency model, but advisors toe a cautious line
The regulator had earlier suggested that the super agency model might help curb exit of agents and improve insurance penetration. But can such a model really take off? Cafemutual finds out.
by Pallabika Jun 12, 2012
Generali looks to exit from Future Group JV, eyes fresh JV with Reliance General Insurance
Sources say that the Italian insurer is still negotiating the valuations for the proposed deal with Reliance.
by Pallabika Jun 8, 2012
Agents are the preferred distribution channel for insurers: IRDA study
In 2010-11, agents generated Rs 65,665 crore as new business premium.
by Pallabika Jun 5, 2012
Health insurance to take a new shape
IRDA proposes sweeping changes in health insurance.
by Team Cafemutual Jun 3, 2012
ICICI Prudential Life to pay penalty for paying extra commission to distribution channel
The Insurer has to pay Rs 118 lakh fine within 15 days.
by Pallabika Jun 1, 2012
IRDA to allow the super agency model to help the industry retain agents
The regulator wants to take steps to control the exodus of agents from the industry.
by Pallabika May 21, 2012
Kotak Life uses TV show to motivate agents, expand workforce
Insurer has launched a programme featuring the success stories of six successful insurance agents from Maharashtra.
by Pallabika May 17, 2012
‘Everything product’ to cover all insurance needs mooted for rural India
At a national conference on Financial Inclusion organised by Associated Chambers of Commerce and Industry of India (Assocham) in association with Ernst and Young, yesterday, the idea of an ‘everything product’ to take care of multi risks for rural public was floated.
by Pallabika May 17, 2012
IRDA clamps down on products with highest NAV guarantee
Also, in order to ensure adequate cover, the regulator has ordered that death benefits should be linked to premiums paid.
by Team Cafemutual May 14, 2012
On the mat, life insurance industry cheers rollback of MAT
Finance Minister rolls back proposal to hike tax to 18.5% from 12.5%, leaves new tax deduction norms on policies unchanged.
by Pallabika May 9, 2012
3 lakh life insurance agents quit in 3 months
Life Insurance companies letting unproductive agents go
by Pallabika May 6, 2012
IFAs welcome IRDA’s consumer education website
Many advisors plan to use the regulator’s information portal to boost awareness among policyholders.
by Pallabika May 4, 2012
Insurers gear up for rollout of demat in life policies
A few players feel agents might lose touch with customers due to the online interface. Smaller insurers are worried about the additional costs involved in holding policies in an electronic form.
by Ravi Samalad and Pallabika Ganguly May 3, 2012
General insurance companies post 23% growth in gross premium in FY12
Public sector firms clocked 21% growth at Rs 34,113 crore, while private players reported 25% leap in premium over the previous fiscal with Rs 24,230 crore in gross collections.
by Team Cafemutual May 1, 2012
Insurance ombudsmen may judge cases of mis-selling, industry awaits clarity
The proposal aims to eliminate irregularities in sales. But a few industry experts say that actual implementation of this proposal may be difficult.
by Pallabika Apr 24, 2012