Insurance

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

Online direct sales in life insurance account for 1.36% of the total new business premium

With a modest share of 1.36%, online direct sales are far behind individual agents which contribute 55% to the new insurance business.

by Karishma Gagwani Mar 4, 2023

Policies for differently abled, HIV positive and people with mental illness are reality now

IRDAI has asked general and health insurers to immediately launch policies for differently abled, HIV positive and people with mental illness.

by Nishant Patnaik Mar 1, 2023

Individual insurance agents bring 55% of the total new business premium in FY 21-22

While individual agents contributed 96% to the total new business premium of LIC, they contributed 23% to private players.

by Karishma Gagwani Feb 28, 2023

LIC, SBI and ICICI Pru are the top three insurers in terms of renewal premium

Overall, while LIC collects renewal premium of Rs.2.29 lakh crore, private life insurers receive renewal premium of Rs.1.50 lakh crore.

by Zahra Gour Feb 27, 2023

This policy carries forward the entire sum insured on renewal

Niva Bupa Health has launched a plan with 4 new features.

by Team Cafemutual Feb 24, 2023

IRDAI appoints MF officials on its newly formed investment committee

Three MF officials are now part of IRDAI’s consultative committee on investment.

by Team Cafemutual Feb 23, 2023

1.10 lakh new agents join life insurance industry in 2022

SBI, HDFC and Bajaj Allianz have added highest number of individual agents last year.

by Team Cafemutual Feb 20, 2023

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