Insurance - Cafemutual.com

Life insurers collect 18% more premium in FY 2023

LIC’s premium collection grows 17% whereas private insurers register 20% surge in the new business premium.

Posted on May 12, 2023

IRDAI asks insurers to set up advertisement committee

The committee will review all advertisements and give suitable recommendation.

by Team Cafemutual May 9, 2023

EMIs of loan against life policies cannot be paid through credit cards: IRDAI

However, payment of premium through credit card will continue to exist.

by Team Cafemutual May 8, 2023

ICICI Lombard records net profit of Rs.1730 crore in FY 2022-23

Profit after tax (PAT) grows at 36% last year.

by Team Cafemutual May 8, 2023

Star Health books net profit of Rs. 619 crore in FY 2022-23

The insurer has also appointed Anand Roy as the new CEO and MD.

by Team Cafemutual May 1, 2023

Insurance intermediaries to set up cyber security system: IRDAI

Individual agents have been exempted from complying to the new norms on cyber securities.

by Team Cafemutual May 1, 2023

Agents will have to use insurers’ approved marketing content on their social media handles

Many insurance companies have asked their agents not to use content on their social media handles, which are not provided by them.

by Nishant Patnaik Apr 24, 2023

This motor policy pays your clients the full value of their vehicle if it is stolen

So far, insurers pay insured declared value (IDV) in an event of loss or theft. Typically, this amount is much lower than the actual cost of vehicles.

by Team Cafemutual Apr 20, 2023

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