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Insurance

Now, agents can sell Pradhan Mantri Bima Suraksha Yojana through sales representatives
IRDAI has allowed Point of Sales Person (PoSPs) of intermediaries to distribute government approved insurance schemes.
by Nishant Patnaik Jul 15, 2016
IRDAI inducts two new members in Insurance Advisory Committee
Secretary of both Life Insurance Council and General Insurance Council have been inducted in the committee.
by Team Cafemutual Jul 12, 2016
Low insurance penetration reflects large untapped potential: Credit Suisse
A Credit Suisse report found that the insurance penetration in India was very low at 3.44% in calendar year 2015.
by Team Cafemutual Jul 7, 2016
IRDAI imposes Rs.10 lakh penalty on Max Life Insurance
Max Life Insurance is found to have not refunded the excess premium amount which was charged during proposal stage.
by Team Cafemutual Jul 1, 2016
Now, agents can sell crop ins­­­­­urance policies through sales representatives
IRDAI has allowed Point of Sales Person (PoSPs) of intermediaries to distribute government approved crop insurance schemes.
by Nishant Patnaik Jul 1, 2016
95% of Indians are underinsured for any health crisis: BigDecisions survey
The survey shows that consumers above 45 years of age are a high risk group and are least prepared for health emergencies.
by Team Cafemutual Jun 29, 2016
IRDAI may relax agency norms to sell simple insurance policies
Individuals who wish to distribute plain vanilla products like motor third party insurance may be allowed to sell them without acquiring agency license.
by Nishant Patnaik Jun 28, 2016
e-insurance policies likely to get cheaper than physical policies
IRDAI has permitted insurers to offer discount on e-insurance policies.
by Team Cafemutual Jun 24, 2016
Life insurers record 36 percent growth in new business premium collection in April-May 2016
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 Jun 23, 2016
Profits of top 10 life insurers grows marginally in FY15-16
LIC emerges as the most profitable insurer clocking a net profit of Rs. 2,518 crore last fiscal.
by Nishant Patnaik Jun 20, 2016
Life insurance industry pays Rs. 13,000 crore commission in April-December 2015
Considering that the life insurance industry has 20 lakh agents, each agent has earned close to Rs. 65,000 on an average during April-December 2015.
by Nishant Patnaik Jun 20, 2016
IRDAI removes 2-hour-a-day cap on training for acquiring IMF license
Agents can undergo 50-hour mandatory training at their will with no maximum cap per day to acquire IMF license.
by Team Cafemutual Jun 16, 2016
Web-aggregators can sell insurance products, proposes IRDAI
The insurance regulator has proposed to put web-aggregators under the ambit of insurance intermediaries.
by Team Cafemutual Jun 14, 2016
IRDAI proposes to float ecommerce platform for selling insurance policies
IRDAI has proposed that insurers, brokers and agents can distribute insurance policies through e-commerce platform called Insurance Self-Network Platform (ISNP).
by Nishant Patnaik Jun 10, 2016
HDFC ERGO to acquire L&T General Insurance
This deal has been valued at Rs. 551 crore.
by Team Cafemutual Jun 3, 2016