SUBSCRIBE NEWSLETTER
  • Change Language
  • English
  • Hindi
  • Marathi
  • Gujarati
  • Punjabi
  • Tamil
  • Telugu
  • Bengali
  • Insurance

    IRDAI constitutes committee to float insurance service centres
    These service centres are expected to function as R&T agents of insurance industry, say industry experts.
    by Team Cafemutual Mar 9, 2016
    IRDAI issues clarification on open architecture commission structure
    The insurance regulator has said that Insurance Marketing Firm (IMFs) will get commissions in line with insurance brokers.
    by Team Cafemutual Mar 4, 2016
    TDS on insurance commission to go down to 5%
    A rough calculation shows that on a gross commission of Rs.60,000, agents will have to cough up TDS of Rs.3,000 instead of Rs.6,000.
    by Nishant Patnaik Mar 1, 2016
    Over 1.60 lakh life insurance agents call it quits in CY 2015
    The total number of agents declined from 21.6 lakh in December 2014 to 20.4 lakh in December 2015.
    by Team Cafemutual Feb 26, 2016
    Incurred claim ratio of non-life insurers remains flat in FY 2014-15
    Low incurred claim ratio indicates healthy growth prospects and profitability in general insurance business.
    by Team Cafemutual Feb 22, 2016
    Life insurers AUM grows to Rs. 22.50 lakh crore in FY 2014-15
    Growth was largely driven by improved persistency ratio.
    by Team Cafemutual Feb 12, 2016
    Private insurers outpace LIC in settling death claims
    Though private insurers have a poor claim settlement ratio as compared to LIC, they have settled 76% of claims in less than three months.
    by Nishant Patnaik Feb 11, 2016
    Few takers for open architecture distribution model in insurance
    Only four entities have received a license from IRDAI to float Insurance Marketing Firm (IMF).
    by Team Cafemutual Feb 8, 2016
    Now agents can hire sales representatives to sell insurance policies
    The board of directors of insurance companies will have to approve remuneration structure of such sales persons, clarified IRDAI Chairman, T.S. Vijayan.
    by Nishant Patnaik Feb 5, 2016
    IRDAI asks insurers to develop a platform for distributors
    IRDAI Chairman T.S. Vijayan stressed the need to reduce turnaround time and simplify sales process for agents through technology.
    by Nishant Patnaik Feb 2, 2016
    LIC to leverage its newly launched repository service to promote direct plans
    LIC will enable policyholders to buy policies online directly through its repository service called ‘e-services’.
    by Nishant Patnaik Feb 2, 2016
    IRDAI proposes stricter norms for health insurance sector
    The insurance regulator has proposed to increase the minimum requirement of members from 10 to 20 for a group health insurance policy.
    by Team Cafemutual Jan 29, 2016
    To curb mis-selling, IRDAI may issue unique identity to sales persons in large distribution firms
    To curb mis-selling, IRDAI chairman T.S. Vijayan stressed the need to allot a unique identification number for sales persons of corporate agents like banks.
    by Nishant Patnaik Jan 28, 2016
    Open architecture in insurance distribution needs time to pick up: Vijayan
    Only 4-5 individuals and entities have approached IRDAI to float insurance marketing firm (IMF) so far.
    by Nishant Patnaik Jan 28, 2016
    Insurers should invest in their agents to grow business: McKinsey & Co.
    McKinsey & Co. has recommended insurance companies to train their distributors on business development skills and technology to increase penetration of insurance.
    by Team Cafemutual Jan 28, 2016