Insurance

4 out of 10 life insurance agents work with standalone health insurers

Of the 26 lakh life insurance agents, 11.58 lakh agents work with standalone health insurers.

by Nishant Patnaik & Riddhima Bhatnagar Jul 20, 2023

This feature allows policyholders to skip term insurance premium payment

Edelweiss Tokio Life has launched a new term plan in which it allows policyholders to skip premium payment for 8 years.

Posted on Jul 19, 2023

Agents can help flood victims through helpline numbers

IRDAI has asked general insurance and health insurance companies to assist policyholders with 24*7 helpline numbers.

by Team Cafemutual Jul 17, 2023

Non-life insurers saw healthy growth in gross premium collection

The industry saw growth of 18% by collecting new business premium of Rs.64000 crore in April-June 2023.

by Riddhima Bhatnagar Jul 16, 2023

Life insurers pay 5% of the total premium as commission in FY 2023

The life insurance industry has paid gross commission of Rs.42,000 crore in FY 2023.

by Nishant Patnaik Jul 12, 2023

Tata AIA Life launches a ULIP focusing on small caps

The NFO opens on July 10 and closes on July 24.

by Team Cafemutual Jul 10, 2023

People do online reading but buy policy through agents: Report

Over 85% purchase insurance through an agent, shows a study released by online insurance broker PolicyBazaar.com.

by Karishma Gagwani Jul 10, 2023

Policy servicing and mis-selling are the two major concerns of policyholders

Life insurance companies have received majority of complaints on policy servicing and unfair business practices in FY 2023, shows an analysis of compliant data done by Cafemutual.

by Karishma Gagwani Jul 10, 2023

IRDAI asks insurers to declare NAV of AIF holdings

Insurance companies are allowed to invest in category I and category II AIFs.

by Team Cafemutual Jul 2, 2023

IRDAI finds illegal general insurance company, issues caution

Fraudulent company Bhartiya Cooperative General Insurance sells crop insurance to farmers.

by Team Cafemutual Jun 29, 2023

Agents likely to get a share in profits of general insurance companies

Govt to table insurance bill in this monsoon session which proposes that non-life companies should pay share of their profits to insurance agents.

by Nishant Patnaik Jun 29, 2023

ABSL Insurance launches a pension plan

The scheme offers assured income every month post retirement. The income flow can be started from 45 years of age.

by Team Cafemutual Jun 27, 2023

LIC and SBI Life lead in premium collection

While the total premium of LIC stands at Rs. 4.75 lakh crore, SBI Life reported Rs. 67,316 crore as on March 2023.

by Karishma Gagwani Jun 26, 2023

The new use and file norms make product approval easy: IRDAI

IRDAI believes that the move will bring innovation in the life insurance industry.

by Team Cafemutual Jun 25, 2023

LIC India launches a close ended single premium plan

The policy comes with maturity of 10, 15 or 18 years.

by Team Cafemutual Jun 25, 2023

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