Insurance

Aviva Life launches a ULIP with partial withdrawal or systematic withdrawal facility

The plan is especially created for millennials investors.

by Team Cafemutual Jan 20, 2023

Life insurance is Rs.50 lakh crore industry

In terms of AUM, LIC, SBI and ICICI Prudential are the top three players.

by Team Cafemutual Jan 10, 2023

On premium of Rs.100, health insurers pay Rs.106 as claim

Incurred claim settlement ratio of standalone health insurers and a few private companies is abysmally low at less than 70%.

by Nishant Patnaik Jan 10, 2023

‘Insurance penetration is just 4.2%, much less than the global average of 7%’

While the life insurance penetration was 3.2%, very well in line with world average of 3%, the penetration of non-life was 1%, much less that the global average of 3.9%.

by Team Cafemutual Jan 9, 2023

Here is how your non-life company has performed in terms of settling claims

Just 4 companies have settled 90% of the total claim request received in FY 2021-22.

by Nishant Patnaik Jan 4, 2023

Bajaj Capital makes KYC mandatory for new non-life insurance clients

Earlier, IRDAI has proposed that it will make KYC mandatory in non-life policies.

by Team Cafemutual Jan 4, 2023

Close to 7 lakh life insurance agents are women: IRDAI

Women account for 29% of the total life insurance agency force.

by Team Cafemutual Jan 3, 2023

HDFC Life promotes retirement planning, launches campaign to promote annuity

The campaign highlights the need for regular income post-retirement.

by Team Cafemutual Dec 30, 2022

‘Quarterly NAV of ULIPs should be declared on last day even if it is a holiday’

IRDAI has asked life insurers to declare quarterly NAV even on a non-business day.

by Team Cafemutual Dec 28, 2022

Bajaj Allianz General Insurance launches a new rider for senior citizens

Through this rider, senior citizens can avail emergency ambulance service, home nursing and physiotherapy care and so on.

by Team Cafemutual Dec 27, 2022

Check the performance of your insurer in terms of settling claims

Top five insurers – Max Life, Bharti Axa, Exide Life, Aegon Life and Bajaj Allianz have claim settlement ratio of over 99% in FY 2021-22.

by Nishant Patnaik Dec 23, 2022

Insurance broker floats online platform to distribute group policies to corporates

SecureNow has partnered with Tartan by Batik to provide this facility to corporates.

by Team Cafemutual Dec 16, 2022

‘Individual health insurance should be exempted from GST’

Many countries with high insurance penetration and density do not charge any tax or less tax on individual health insurance policies, said the general insurance agent association.

by Nishant Patnaik Dec 14, 2022