Govt. asks public sector insurers to offer up to 10% discounts on premiums paid online
While LIC is allowed to provide a discount up to 8% in issuing new insurance policies, public sector general insurers can offer up to 10% discount on premiums paid online.
by Nishant Patnaik Dec 13, 2016
Max Bupa launches new edition of its flagship scheme - Health Assurance
Under this scheme, the company is providing benefits of critical illness cover, accidental insurance and cash back on certain conditions.
by Team Cafemutual Dec 9, 2016
Demonetisation effect: IRDAI extends grace period by 30 days to renew insurance policies
This grace period is offered to policies whose due dates fall between November 8 and December 31.
by Team Cafemutual Nov 30, 2016
IRDAI does away with putting warnings on TV ads
Insurers will no longer be required to put warnings of spurious calls in advertisements in electronic media.
by Team Cafemutual Nov 25, 2016
Stay fit to get discount on your health insurance premium: ABHS Health Insurance
Aditya Birla Financial Services and MMI Holdings launch a health insurance business called Aditya Birla Health Insurance.
by Nishant Patnaik Nov 24, 2016
Life insurers record 30% growth in new business premium collection
The growth was largely on account of LIC which contributed over Rs. 62,000 crore to the overall industry’s new business premium collection.
by Team Cafemutual Nov 14, 2016
IRDAI allows sales representatives to distribute life insurance policies
So far, sales representatives who are appointed by agents were allowed to distribute health insurance, crop and other non-life products only.
by Nishant Patnaik Nov 10, 2016
IRDAI imposes a fine of Rs.6 lakh on Shriram life insurance
IRDAI has asked Shriram Life Insurance to pay the penalty amount within 15 days.
by Team Cafemutual Oct 21, 2016
Open architecture in insurance distribution gaining acceptance among distributors
In the first half of current financial year i.e. HFY 2015-16, 30 new entities have received licenses from IRDAI to float Insurance Marketing Firm (IMF), taking the total count of such players to 44.
by Nishant Patnaik Oct 15, 2016
All you need to know about e-insurance account
IRDA has mandated policyholders to have e-insurance account with effect from October 1.
by Darshita Shah Oct 12, 2016
IFAs can charge an advisory fee of up to Rs. 1,000 from NPS subscribers
Apart from execution charges, PFRDA has allowed retirement advisers to charge an advisory fee of 0.02% of AUM subject to minimum of Rs.100 and maximum of Rs. 1,000.
by Team Cafemutual Sep 30, 2016
51% of health insurance policyholders are underinsured: Apollo Munich survey
The findings include that south India has the highest percentage of underinsured people - 59% of policyholders.
by Team Cafemutual Sep 27, 2016
‘Open architecture in insurance distribution will help reduce mis-selling’
IRDAI Chairman T S Vijayan said that insurance marketing firm (IMF) will be a game changer in the insurance distribution space.
by Nishant Patnaik Sep 23, 2016