Insurance

‘Online distribution of insurance has not scaled up’

LIC India believes that traditional distribution channel of individual agents and banks work better in insurance distribution industry.

by Team Cafemutual Jun 10, 2022

Employees of insurance intermediaries can deactivate their agency license online

The insurance sales person can simply visit www.envoy.iib.gov.in to deactivate their license.

by Team Cafemutual Jun 8, 2022

Critical illness now includes tumors, loss of speech and cancer like leukemia

IRDAI has added over 13 new diseases under critical illness policies.

by Team Cafemutual Jun 7, 2022

Health and general insurers can now roll out new products without IRDAI’s nod

IRDAI allows health insurers and general insurance companies to follow ‘use and file’ norms.

by Team Cafemutual Jun 3, 2022

LIC makes 40% more profit in FY 2022

Insurance behemoth reports a profit of Rs. 4,000 crore, revenue rises 6% to Rs. 7.20 lakh crore.

by Team Cafemutual May 31, 2022

General insurers cannot display deep discounts on motor insurance ads

IRDAI cracks down heavily on general insurance advertisements, asks not to mislead people by displaying deep discounts and features which are not part of the policy claim.

by Team Cafemutual May 26, 2022

Paytm to foray into general insurance business

The company will file its request to IRDAI to float non-life company.

by Team Cafemutual May 17, 2022

IRDAI to ease renewal norms for agents

The insurance regulator aims to achieve objective of ‘Insurance for all’ by 2047.

by Nishant Patnaik May 13, 2022

Life insurers’ agent count shrinks by 12,000

LIC now has 27,000 less agents than a year before; private players add a net of 15,000 new agents.

by Abhishek Kumar May 3, 2022

Private life insurers collect 23% more premium in FY 2022

LIC’s premium collection grows 8%; overall, the life insurance industry registers 13% surge in premium.

by Team Cafemutual Apr 20, 2022

Tata AIA Life partners with CSC to distribute endowment policies in rural India

The company will leverage network of over 4 lakh common service centers (CSCs).

by Team Cafemutual Apr 13, 2022

50,000 agents have left insurance distribution business in one year

The life insurance industry has seen attrition of 48,300 individuals this year. This has happened after seven years.

by Nishant Patnaik Mar 29, 2022

IRDAI nudges insurers to offer health policies to transgenders, differently abled, mentally ill

The insurance regulator has asked insurance companies to disclose their underwriting philosophy and approach to offer health insurance coverage to these individuals.

by Team Cafemutual Mar 23, 2022