HDFC Life-Max merger fails to get IRDAI approval
The insurance regulator says the merger deal violates the law that bars the merger of a life insurance firm with a non-life insurance business
by Team Cafemutual Jun 9, 2017
IRDAI reconstitutes its insurance advisory committee (IAC)
The committee looks into matters relating to investor protection, industry development and simplification of the regulations.
by Team Cafemutual Jun 7, 2017
Birla Sun Life Insurance’s new health policy covers heart and kidney
It is a traditional health insurance plan covering both cardiac and renal illness.
by Rosevina Gonsalves Jun 6, 2017
‘Robo is the biggest threat for insurance intermediaries globally’
A recent PwC report found that digital disruption in insurance distribution is the key concern for insurance brokers.
by Rosevina Gonsalves Jun 5, 2017
Intermediaries have to report resignation of sales representative to LIC or GIC
IRDAI issues guidelines for resignation of insurance sales persons (ISPs) registered with Insurance Marketing Firms (IMFs).
by Team Cafemutual Jun 1, 2017
DHFL to foray into general insurance business
It will be the 31st non-life insurer in the general insurance industry.
by Rosevina Gonsalves May 30, 2017
All you need to know about cyber insurance
Here is the answer to the many queries you have on cyber insurance coverage and premium.
by Rosevina Gonsalves May 29, 2017
New motor vehicle bill to expedite claim settlement process
The new motor vehicle amendment bill seeks to reduce the turnaround time in settling motor insurance claims and help the insurance industry limit their losses.
by Rosevina Gonsalves May 24, 2017
Insurance Ombudsman can now deal with claims up to Rs.30 lakh
An insurance Ombudsman deals with the disputes related to claim settlement, mis-selling, premium payment and legal construction of policy wordings.
by Rosevina Gonsalves May 23, 2017
Insurance premium set to increase from July 1
The government has kept GST rate at 18% for the insurance industry.
by Nishant Patnaik May 22, 2017
Non-life policies will come with product suitability labelling
General insurers will have to classify if their policy is suitable for retail or institutional clients
by Rosevina Gonsalves May 5, 2017
IRDAI allows insurers to pay commission to web aggregators on policy sales
The insurance regulator included web aggregator under the purview of insurance intermediaries
by Team Cafemutual May 4, 2017
What influences insurance buying decision
According to a recent survey, 63 per cent people buy insurance due to increasing awareness
by Team Cafemutual May 2, 2017
Kotak Mahindra Bank to buy out entire 26% Old Mutual’s stake in insurance JV
The private lender has agreed to purchase the stake from Old Mutual for Rs1,292.7 crore
by Team Cafemutual Apr 28, 2017
68% Indian households prefer buying insurance policies through agents: IRDAI
Most Indians rely on their agents to fill up the proposal form
by Team Cafemutual Apr 25, 2017