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General insurance AUM grew by 21% last fiscal.
General insurer’s assets inch closer to 2.7 lakh crore.
by Team Cafemutual 1 hour ago
Agents bring 66% of new business premium in life insurance
LIC has procured 96% of its new business premium through individual agents.
by Team Cafemutual Feb 18, 2019
Despite tax benefits, ULIPs saw a marginal decline in their assets
Life insurance AUM nears Rs.32 lakh crore in FY 2017-18.
by Shreeta Rege Feb 13, 2019
Max Life ahead of LIC in settling individual death claims
Max Life overtakes LIC to clinch the top spot in terms of individual death claim settlement ratio.
by Shreeta Rege Feb 5, 2019
Slowdown in new business premium collection
Faster growth in new business premium collection of private players compared to LIC.
by Team Cafemutual Feb 4, 2019
Aadhaar is still a valid KYC document: IRDAI
Aadhaar can be used to verify address and identity of proposers.
by Team Cafemutual Feb 4, 2019
No commission if your clients renew their insurance policies directly
IRDAI has found that insurance companies have paid commission to their agents and brokers even when they receive new and renewal business directly.
by Nishant Patnaik Jan 30, 2019
IRDAI seeks details of mis-selling complaints against top insurance distributors
The insurance regulator has asked insurers to share details of mis-selling complaints lodged against their top 10 distributors.
by Nishant Patnaik Jan 27, 2019
IRDAI imposes Rs.5 lakh fine on United India Insurance
The general insurer has incorporated changes to insured declared value of vehicles at the time of claim settlement.
by Nishant Patnaik Jan 8, 2019
‘Too many choices on term insurance can delay buying decision’
A Coverfox research has found that more options delay buying decision.
by Team Cafemutual Jan 7, 2019
IRDAI imposes Rs.5 lakh fine each on IFFCO Tokio and Royal Sundaram
Violations included changing the insured declared value during the policy term.
by Team Cafemutual Dec 21, 2018
IRDAI to relax norms for open architecture distributors
The insurance regulator proposes to relax norms for insurance marketing firms and expand their scope.
by Nishant Patnaik Nov 29, 2018
‘It’s not ULIPs v/s mutual funds, advisors can consider distributing both”
Cafemutual speaks to Bajaj Allianz Life Insurance CIO Sampath Reddy on markets and ULIPs providing a long-term investment avenue.
by Shreeta Rege Nov 23, 2018
IRDAI imposes Rs.40 lakh fine on Reliance Nippon Life
The insurance regulator has found that the life insurer had violated regulatory norms such as incentivizing agents and collecting documents for KYC from unauthorized agents.
by Team Cafemutual Nov 14, 2018
Insurers may settle your client’s claim in a piecemeal manner
IRDAI has constituted a committee to see if it makes sense to allow insurers to settle personal accident and benefit based health insurance claims in installments.
by Team Cafemutual Oct 16, 2018