Life insurance industry suffers 9.21% dip in first year premium in FY12
Changes in ULIP regulations impact LIC and private players; industry hopeful of recovery.
by Pallabika Apr 19, 2012
Proposed need-based selling form complicated, say IFAs
Advisors feel collecting details from clients could be a cumbersome task.
by Pallabika Apr 17, 2012
MS&AD picks up 26% in Max New York Life for Rs 2,731 crore
This is the second largest foreign investment in India’s insurance industry, as US partner exits to focus on domestic business
by Team Cafemutual Apr 15, 2012
FM wants to take insurance to semi-urban area through a new distribution channel
In his address to the IRDA board of directors, the Finance Minister had plenty of advice for the regulator and industry to grow the business.
by Pallabika Apr 5, 2012
Life insurance industry hopeful of a positive outcome from FM - IRDA Chief meeting
Life insurance industry head honchos feel that the ministry must review the tax norms announced in the budget.
by Pallabika Apr 3, 2012
IRDA grants extension of bonus to life insurance policy holders for two years
The life insurers think that it will help the industry to report positive growth.
by Pallabika Apr 1, 2012
General insurance reports 24% rise in business
Public players report higher collection than private players for the month of February 2012.
by Pallabika Mar 28, 2012
Tough times ahead for insurance agents
The budget has made things more difficult for insurance agents as many money-back policies will be taxable from the next financial year.
by Pallabika Mar 22, 2012
IRDA demands IT upgrades from insurers using bancassurance
The authority has modified some guidelines of reporting the business generated through bancassurance channel. Insurers have to abide by them from March 31, 2012.
by Pallabika Mar 22, 2012
Bad news for the insurance industry in Budget 2012-13
Premium has to be 10% of sum assured to avail tax benefits, service tax hiked to 12%
by Pallabika Mar 17, 2012
‘Orphan’ policyholders to be serviced by new agents
IRDA has directed insurers to appoint new agents for servicing orphaned policies.
by Pallabika Mar 14, 2012
General Insurance companies report 25% increase in business
General insurance players have reported a stable increase in the last ten months.
by Pallabika Mar 9, 2012
Insurers eye CFPs to expand their distribution channel
Life insurance players are facing a tough time in increasing their business. They are eager to ramp up their distribution network by empanelling CFPs.
by Pallabika Mar 7, 2012
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