Insurance

India Post Payment Bank enters into insurance distribution.

The report released by PolicyX.com points out that the price index of health insurance premium has remained constant for the last nine months.

The premium price of term insurance has gone up marginally over the last one quarter, finds PolicyX.com.

The company has launched a new policy through which policyholders can claim cashless benefits for consultation, medicines, health check-up and more.

In FY 2020, life insurance players paid Rs 30,830 crore commission as against Rs 19,460 in FY 2015.

PFRDA has revised withdrawal norms for pre-mature exit, normal exit, and exit due to the unfortunate demise of subscriber.

He was promoted from the post of Secretary General.

Agents can sell life insurance policies like term, whole life, money back, endowment and ULIPs completely paperless.

Agents and insurance intermediaries will have to ask their clients to authenticate purchase of policies through OTP or simply by clicking confirmation link before buying non-life policies like health and motor insurance.

Among few new age policies are title insurance and surety insurance.

ICICI Lombard proposed to buy Bharti Axa last year in an all-stock deal

The total number of life insurance companies in India will come down to 23.

Medi Assist Healthcare Service (Third party administrator), PB Fintech (Online distributor) and Star Health & Allied Insurance (Insurer) have applied with SEBI to issue IPOs.

New India Assurance, Star Health and United India are top 3 health insurers

There is a strong co-relation between retail business growth of health insurance companies and increase in number of agents, says Star Health’s draft IPO prospectus.