IRDAI to bring parity in commission payouts in health insurance segment
Typically, life insurers pay higher commissions in health insurance policies compared to general insurers and standalone health insurers.
by Nishant Patnaik Jan 14, 2016
IRDAI to hike upfront commission to 50% in term plans
Traditional policies like whole life insurance, endowment and money back can continue to pay first year commission of 35% of annual premium.
by Nishant Patnaik Jan 14, 2016
IFAs can distribute NPS soon
IFAs can sell pension products by registering with PFRDA as Retirement Advisers and charge fees from clients.
by Nishant Patnaik Jan 12, 2016
LIC's new plans offer no new benefits
by Source: Business Standard Jan 12, 2016
IRDAI wants agents to disclose commission to policyholders on request
Among other proposals are restriction on passing back commission, churning of policies within three years and imposition of fine up to Rs.1 crore on insurers if agents violates norms.
by Nishant Patnaik Jan 11, 2016
Indian reinsurers may get priority
by Source: Business Standard Jan 9, 2016
NPS needs government’s smart support
by Source: Economic Times Jan 9, 2016
IRDAI plans to rationalize commission structure of agents
The insurance regulator has asked insurance companies to pay commissions within the expense ratio.
by Nishant Patnaik Jan 8, 2016
Insurance sales to see reforms in 2016
by Source: Business Standard Jan 5, 2016
