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
PFRDA instructs intermediaries to process partial withdrawal requests
The pension fund regulator has clarified that intermediaries like nodal office, POPs and aggregators can process partial withdrawal request of NPS subscribers.
by Team Cafemutual Mar 30, 2016
IRDAI hikes motor third party premium rates
The new rates have come into effect from April 1, 2016.
by Team Cafemutual Mar 29, 2016
Follow existing commission norms till new guidelines are formulated, IRDAI clarifies
Existing guidelines on commission structure of insurance agents and other intermediaries will be followed till the implementation of new commission guidelines.
by Team Cafemutual Mar 28, 2016
95% of Indian women are aware about health insurance products: ICICI Lombard survey
Of the 876 women interviewed, 95% were aware about health products followed by motor insurance (74%) and home insurance (67%).
by Team Cafemutual Mar 23, 2016