PSU non-life insurers incurring loss while private insurers are minting money in health insurance
High incurred claims ratio of PSU general insurers in health insurance sector indicates that they are losing ground to private insurers.
by Rosevina Gonsalves Feb 4, 2017
Now, policyholders can approach another health insurer if one company rejects their claim
Policyholders were earlier confused about whether they could approach another insurer if one company rejected their claim under multiple health insurance policies.
by Team Cafemutual Feb 3, 2017
No TDS on insurance commission of agents earning up to Rs.2.50 lakh a year
Currently, insurance companies deduct TDS of 5% on commission amount exceeding Rs.15,000.
by Nishant Patnaik Feb 1, 2017
HDFC Standard Life Insurance fined for incentivizing agents through junkets
IRDAI imposes a fine of Rs.15 lakh on HDFC Standard Life Insurance Company
by Team Cafemutual Jan 23, 2017
IRDAI forms a committee to review commission structure of life insurance agents
The committee will also review the recommendations of Sumit Bose Committee.
by Nishant Patnaik Jan 16, 2017
India’s insurance intermediary partners with German broker to expand footprint
This partnership is expected to help SecureNow insurance broker to provide risk management solutions in general insurance to its clients having presence in global markets like USA and UK.
by Team Cafemutual Jan 12, 2017
Agents least trustworthy for those buying insurance: ASSOCHAM study
The report suggests people to select agents very cautiously.
by Team Cafemutual Jan 9, 2017
IRDAI hikes commission in non-life insurance policies
Insurance intermediaries like insurance brokers, insurance marketing firms and web aggregators to get higher commissions compared to insurance agents in select non-life policies.
by Nishant Patnaik Jan 6, 2017
IRDAI brings parity in health insurance commission payouts
So far, life insurers were paying higher commissions in health insurance
policies compared to general insurers and standalone health insurers.
by Nishant Patnaik Dec 30, 2016
Life insurers settle 97% of individual death claims in FY 2015-16
Of the 23 private insurance companies, 11 have crossed 90% mark in claim settlement ratio of individual policies.
by Nishant Patnaik Dec 22, 2016
After years of decline, insurance penetration improves marginally
Both life and non-life insurance industry saw a marginal growth in their penetration levels.
by Nishant Patnaik Dec 20, 2016
IRDAI imposes a fine of Rs. 20 lakhs on Birla Sun Life Insurance
IRDAI has found that Birla Sun Life Insurance had incentivized unauthorized agents through gifts and foreign trips.
by Team Cafemutual Dec 14, 2016
Health insurance to grow at a CAGR of over 20% till 2020: ICICI Lombard
ICICI Lombard estimates that the total premium collection in health insurance segment is likely to touch Rs. 60,000 crore by 2020.
by Nishant Patnaik Dec 14, 2016