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 21, 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
PFRDA urges intermediaries to focus on informal sector to increase penetration of NPS
India has the highest percentage of informal workforce in the world, which is largely uncovered by any pension scheme, says PFRDA Chairman Hemant G Contractor.
Posted on May 11, 2016
Life insurers record 23 percent growth in new business premium collection in FY 2015-16
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 May 6, 2016
4 pillars of a successful digital culture
The next wave of technology is maturing and expected to ultimately transform the very nature of the insurance organization, says an Accenture study.
by Team Cafemutual May 5, 2016
‘Agent commissions should be linked to the quality of services they provide’
IRDAI Chairman, TS Vijayan has said that agents should justify what they are getting by improving their services.
by Team Cafemutual May 2, 2016
Over 51,000 life insurance agents call it quits in FY 2015-16
The total number of agents declined from 20.68 lakh to 20.17 lakh in FY 2015-16.
by Nishant Patnaik Apr 15, 2016
IRDAI imposes Rs. 5 lakh fine on Bharti Axa Life
IRDAI found that the company has violated group insurance guidelines by making payments to group master policyholders by under the guise of market research, training and publicity material.
by Team Cafemutual Apr 13, 2016
Uniform KYC in insurance to be reality soon
Insurers are expected to upload the existing KYC information of all policyholders by April 20.
by Nishant Patnaik Apr 13, 2016
10 new players gets IRDAI license for open architecture model in insurance distribution
In just two months, ten new entities have received licenses from IRDAI to float Insurance Marketing Firm (IMF), taking total count of such players to 14.
by Team Cafemutual Apr 5, 2016
IRDAI asks insurers to comply with Ombudsman orders
The insurance regulator has received complaints that many insurers are not paying heed to the orders and awards of Ombudsman, Consumer Forums and Motor Accident Claims Tribunals.
by Team Cafemutual Apr 1, 2016
