Insurance

Insurance is now Rs.59 lakh crore industry: IRDAI

Read on to know what insurance CEOs have to say about increasing insurance penetration.

by Team Cafemutual Apr 19, 2023

Agents can play a key role in making ‘Insurance of all by 2047’ a reality

IRDAI urges insurers to leverage network of Patwaris and Asha workers to distribute insurance

by Nishant Patnaik Apr 16, 2023

IRDAI brings uniformity in commission payment to agents and MISPs in motor insurance

by Nishant Patnaik Apr 10, 2023

80% life insurance clients want to meet their agents once every 6 months: Report

The research done by Hansa Research reveals that high insurance premium is the prime reason for not buying life insurance policies.

by Team Cafemutual Apr 7, 2023

Insurers cannot discriminate between agents based on business size to pay commission: IRDAI

This means insurance companies will have to pay commission uniformly across insurance intermediaries.

by Nishant Patnaik Apr 7, 2023

IRDAI’s new commission regulations: Here is what matters to you

Pure risk policies like term insurance will have better pricing power than traditional policies like whole life policies, money back and endowment.

by Nishant Patnaik Apr 5, 2023

Two new companies Acko and Credit Access to start life insurance business

The total number of life insurers now stands at 25.

by Team Cafemutual Apr 4, 2023

IRDAI introduces direct plans in insurance

Direct plan in insurance will have reduced premium amount as it will deduct agents’ commission from the gross premium amount.

by Nishant Patnaik Apr 4, 2023

Good news: No cap on commission payment of agents/brokers from April 1

Both life and non-life companies have a leeway to pay attractive commission to agents and brokers.

by Nishant Patnaik Mar 28, 2023

KYC alert: Govt revises definition of Politically Exposed Persons (PEPs)

The government has also asked financial institutions like mutual funds and insurance companies to do due diligence of investments coming from NGOs.

by Team Cafemutual Mar 27, 2023

Your senior citizen clients can buy Pradhan Mantri Vaya Vandana Yojana till March 31, 2023

The government will discontinue the subscription of Pradhan Mantri Vaya Vandana Yojana from April 1, 2023.

by Team Cafemutual Mar 24, 2023

Insurance brokers and agents dominate non-life business

Both insurance brokers and agents account for over 57% of the total new business premium collection of the non-life insurance industry.

by Team Cafemutual Mar 23, 2023

Anup Bagchi is the new MD and CEO of ICICI Pru Life

Anup was the ED at ICICI Bank and head of the wholesale banking business.

by Team Cafemutual Mar 18, 2023

Insurance industry growing at 18% in FY 2023: IRDAI

IRDAI said that it will expand distribution outreach by integrating technology.

by Team Cafemutual Mar 10, 2023

ICICI Lombard launches training workshop for women agents

The company also offers free health check ups and road side motor assistance to women during March.

by Team Cafemutual Mar 8, 2023

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