Insurance

Agents likely to get a share in profits of general insurance companies

Govt to table insurance bill in this monsoon session which proposes that non-life companies should pay share of their profits to insurance agents.

by Nishant Patnaik Jun 29, 2023

ABSL Insurance launches a pension plan

The scheme offers assured income every month post retirement. The income flow can be started from 45 years of age.

by Team Cafemutual Jun 27, 2023

LIC and SBI Life lead in premium collection

While the total premium of LIC stands at Rs. 4.75 lakh crore, SBI Life reported Rs. 67,316 crore as on March 2023.

by Karishma Gagwani Jun 26, 2023

The new use and file norms make product approval easy: IRDAI

IRDAI believes that the move will bring innovation in the life insurance industry.

by Team Cafemutual Jun 25, 2023

LIC India launches a close ended single premium plan

The policy comes with maturity of 10, 15 or 18 years.

by Team Cafemutual Jun 25, 2023

How have life insurance companies performed in FY 22-23?

Life Insurance Corporation of India, SBI Life Insurance and HDFC Life Insurance emerge as strong players.

by Karishma Gagwani Jun 23, 2023

Soon life insurers may offer a term plan with health cover

Life insurers can launch a bundled product by tying up with other non-life and health companies without getting prior approval from IRDAI.

by Nishant Patnaik Jun 21, 2023

IRDAI asks insurers and intermediaries to report cyber incidence within 24 hours

Agents have been exempted from following cyber security guidelines.

by Team Cafemutual Jun 18, 2023

IRDAI introduces a single point of communication for insurance intermediaries

Intermediaries like brokers, insurance marketing firms and web aggregators can seek new registration, NOC and make renewal request through the dedicated email.id.

by Team Cafemutual Jun 16, 2023

SAT stays IRDAI’s order to transfer business of Sahara Life to SBI Life

The tribunal said that it does not find any reason for urgency in transferring business after five years.

by Team Cafemutual Jun 14, 2023

Go Digit gets IRDAI’s go ahead to launch life insurance business

With this, the number of life insurers will go to 26.

by Team Cafemutual Jun 13, 2023

IRDAI transfers Sahara Life’s business to SBI Life

The transfer has to be completed within one year.

by Team Cafemutual Jun 5, 2023

Future Generali offers customization in health insurance

The company offers 17 features and 20 optional covers along with a standard base policy

by Team Cafemutual Jun 2, 2023

IRDAI to facilitate lifetime distribution license for intermediaries

With this, intermediaries can opt for perpetual distribution license to sell insurance policies.

by Nishant Patnaik May 28, 2023

LIC India retains close to 50% of the total policies sold even after 5 years

The company has persistency ratio of 50% in the 61st month in terms of policies sold.

Posted on May 25, 2023

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