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  • Insurance

    Soon, life insurers can offer index funds
    These funds can levy fee in line with ULIPs.
    by Nishant PatnaikDec 20, 2023
    Kotak Life launches ULIP which offers insurance coverage like term plans
    Investors can avail insurance coverage of 100 times of their annual premium.
    by Team Cafemutual Dec 20, 2023
    Surrender value to get attractive
    IRDAI has proposed a new calculation method that makes surrender value more attractive.
    by Nishant Patnaik & Riddhima BhatnagarDec 19, 2023
    Bajaj Allianz Life’s AUM crosses AUM of Rs.1 lakh crore
    The company attributes this to innovative offerings and robust distribution network.
    by Team Cafemutual Dec 18, 2023
    IRDAI looking at granular data to make insurance affordable for all
    BC Patnaik, Member (Life), IRDAI said that IRDAI is working at fast pace to grow insurance sector by 3-4 times of country’s GDP.
    by Team Cafemutual Dec 18, 2023
    Soon there will be no maximum age to buy health insurance
    Also, health insurers cannot reject claim after 36 months citing pre-existing conditions
    by Nishant PatnaikDec 18, 2023
    ‘Agents should focus on selling underpenetrated products like home insurance’
    IRDAI Member BC Patnaik said that home insurance offers a great business to insurance intermediaries.
    by Nishant PatnaikDec 14, 2023
    3 pension funds command over 90% share in NPS AUM
    SBI Pension Funds, LIC Pension Fund and UTI Retirement Solutions together manage Rs 9.34 lakh crore of NPS assets.
    by Karishma GagwaniDec 11, 2023
    NPS subscribers can now have multiple pension fund managers
    However, new subscribers can exercise this option post three months of registration.
    by Team Cafemutual Dec 5, 2023
    Returns earned on NPS’s SWP likely to be tax free
    Pension fund managers believe that any capital gains earned on Systematic Lumpsum Withdrawal (SLW) will be exempted from capital gains tax.
    by Nishant PatnaikNov 28, 2023
    IRDAI proposes new commission structure for agents/intermediaries
    The new proposals aim to protect interest of agents and enhance their performance among other things.
    by Nishant PatnaikNov 21, 2023
    IRDAI constitute a taskforce to check mis-selling by banks
    The task force will also suggest measures to improve efficiency of bancassurance in insurance distribution.
    by Nishant PatnaikNov 7, 2023
    IRDAI asks insurers to start sharing financial information with account aggregators
    Account aggregators (AA) offer financial data-sharing framework for investors and regulated financial entities.
    by Nishant PatnaikNov 7, 2023
    Agents will have to ensure that their clients know what’s covered and what’s not in health policy
    IRDAI revises customer information sheet (CIS) in which it has asked health insurers to guide policyholders on key features portability and grievance redressal mechanism.
    by Nishant PatnaikOct 31, 2023
    IRDAI constitutes a committee to simplify policy wordings
    This move is likely to remove confusion, make terms understandable and help policyholders to make quick decisions.
    by Karishma GagwaniOct 31, 2023
    Cafemutual is an independent media platform and focuses on providing knowledge and information for the benefit of finance professionals. We do not promote any particular brand or asset category.