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Facts & Figures
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Insurance
Which states have the most life insurance agents?
Uttar Pradesh has the highest number of life insurance agents.
by
Suhail Chagla
Feb 26, 2025
NPS distributors can charge up to Rs.400 for bringing in new subscriber: PFRDA
The pension fund regulator has updated the fee structure of Point of Presence for NPS.
by
Suhail Chagla
Feb 20, 2025
LIC launches digital sales and support app for agents
Agents can sell LIC policies completely online.
by
Nishant Patnaik
Feb 20, 2025
Brokers and agents drive non-life business
While insurance brokers account for 37% of the total business premium, agents bring in 20% of the total non-life premium in FY 2024.
by
Nishant Patnaik
Feb 20, 2025
IRDAI allows funds to be blocked specifically for insurance premium payments through UPI
The one-time mandate will be called the Bima – ASBA and will have to be implemented by March 1, 2025
by
Team Cafemutual
Feb 19, 2025
IRDAI’s online platform for agents will be live by April 2025
First portal of Bima Trinity to be launched soon.
by
Suhail Chagla
Feb 18, 2025
Which life insurer has the most loyal customers?
Read on to know the persistency ratio of life insurers.
by
Suhail Chagla
Feb 18, 2025
Which life insurers has settled the most claims?
ICICI Prudential, Ageas Federal and Edelweiss Life are the top life insurers for claim settlement
by
Suhail Chagla
Feb 14, 2025
55% of health insurance complaints are resolved in favour of policyholders
Star Health, Care Health, and Niva Bupa receive the highest complaints among health insurance providers.
by
Nishant Patnaik
Feb 11, 2025
Which distribution channel drives life insurance business?
While individual agents bring in 51% of the total individual new business premium, banks’ share is 33% in the individual new business premium.
by
Nishant Patnaik
Feb 6, 2025
Insurance agents can work with multiple insurers: Finance Secretary
“With our proposal, agents can sell any product he wants,” said M Nagaraju, Secretary, Department of Finance.
by
Team Cafemutual
Feb 5, 2025
Finance Minister: FDI in Insurance to increase to 100%
What does the industry have to say?
by
Team Cafemutual
Feb 4, 2025
Union Budget clears up ambiguity regarding ULIP taxation
Investors investing more than Rs.2.50 lakh in ULIPs will have to pay capital gains tax on redemption proceeds.
by
Suhail Chagla
Feb 3, 2025
Govt. reduces TDS on insurance commission to 2%
The move will provide more funds at the disposal of over 30 lakh insurance agents.
by
Nishant Patnaik
Feb 3, 2025
IRDAI puts a cap of 10% hike per year in health insurance premium of senior citizens
Non life and health insurers cannot discontinue senior citizen health policies without taking the regulator’s approval.
by
Suhail Chagla
Jan 31, 2025
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