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  • Insurance

    Aviva Life appoints Asit Rath as its new MD and CEO
    Currently, Asit is the CEO of Prudential Myanmar Life Insurance.
    by Team Cafemutual Jul 6, 2022
    Consumer court asks IRDAI to revisit role of insurance agents
    National Consumer Disputes Redressal Commission has asked the insurance regulator to issue new guidelines on the conduct and responsibilities of insurance agents.
    by Team Cafemutual Jun 15, 2022
    Life insurers can roll out new products without IRDAI’s nod
    IRDAI allows life insurers to follow ‘use and file’ norms.
    by Team Cafemutual Jun 11, 2022
    ‘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
    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.