Insurance

Which general insurers are brokers favorites?

ICICI Lombard leads in four categories in a survey by IBAI.

by Suhail Chagla Dec 20, 2024

Max Life is now Axis Max Life

Axis Bank had first announced its intention to acquire a stake in Max Life in February 2020.

by Team Cafemutual Dec 17, 2024

Huge difference in claim settled and claim amount paid in non life industry

While the non-life industry settled 81.60% of the total claims received, it only paid 35.47% of the total claim amount requested during FY 2023, a massive difference of 44.64%.

by Nishant Patnaik & Suhail Chagla Dec 17, 2024

Govt. to appoint 2 lakh women agents through LIC India

Under Bima Sakhi Yojana, LIC will pay stipend for 36 months to women agents.

by Nishant Patnaik Dec 10, 2024

Govt proposes stringent penalty on insurers and intermediaries for mis-selling

Such a penalty could go up to Rs.5 crore per instance.

by Nishant Patnaik and Suhail Chagla Dec 4, 2024

Soon, insurance agents can work with multiple insurers

Govt. to allow open architecture for insurance agents.

by Nishant Patnaik Dec 3, 2024

Insurance industry to become Rs.930 lakh crore industry by 2047: BCG Group

A report released by BCG group reveals that the insurance industry will reach USD 11 Trillion by 2047.

by Suhail Chagla Nov 29, 2024

Delay in commission payout and lack of transparency are two major pain points of insurance agents

Many agents expect insurance companies to generate leads for them, says a report released by Mckinsey.

by Nishant Patnaik Nov 27, 2024

Insurance industry to become Rs.930 lakh crore industry by 2047: BCG Group

A report released by BCG group reveals that the insurance industry will reach USD 11 Trillion by 2047.

by Suhail Chagla Nov 26, 2024

Life insurers bats for same day commission payment to agents/intermediaries

Also, the industry to have ‘insurance score’ similar to credit score to evaluate risk of a prospective policyholder.

by Suhail Chagla Nov 25, 2024

One more development in the making of online platform for agents

IRDAI sets up Bima Sugam India Federation (BSIF) to launch Bima Sugam.

by Nishant Patnaik Nov 22, 2024

FM, IRDAI Chief express concerns over mis-selling of insurance by banks

Both said that banks should focus on core activities and ethical selling.

by Team Cafemutual Nov 20, 2024

Galaxy Health Insurance launches its first product

The company will not change the premium amount till the policyholder turns 55 or makes a claim.

by Team Cafemutual Nov 16, 2024

Insurance industry needs close to 1 crore agents: IRDAI

IRDAI chairman Debasish Panda said that the insurance industry needs triple the number of agents to service the increasing demand for insurance.

by Nishant Patnaik & Suhail Chagla Nov 11, 2024

Who are the top non-life players across business segments?

Currently, the top ten players account for 68% of the total premium collection.

by Nishant Patnaik and Suhail Chagla Nov 11, 2024

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