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  • Insurance

    2 out of 10 life insurance agents sell general insurance policies
    Of the total 29 lakhs life insurance agents, 6.49 lakh sold general insurance policies in FY24.
    by Nishant Patnaik Sep 3, 2024
    Mid size general insurers are the best pay masters
    On the other hand, the majority of large players have single digit commission payout structure, reveals a report released by the General Insurance Council (GIC).
    by Nishant Patnaik and Riddhima Bhatnagar Aug 28, 2024
    Very soon insurers and MFs can use KYC details of each other
    IRDAI has asked insurers to start uploading verified KYC details of all policyholders.
    by Nishant Patnaik Aug 19, 2024
    IRDAI imposes Rs. 2 crore penalty on HDFC Life
    IRDAI has found that the life insurer delayed claim settlement and paid additional money to intermediaries.
    by Team Cafemutual Aug 12, 2024
    An LIC agent earns Rs.15,000 per month: Govt
    LIC agents of Andaman & Nicobar, Arunachal Pradesh and Mizoram draw the highest per month commission.
    by Nishant Patnaik Aug 12, 2024
    FM to take insurance GST issue with the GST council
    The government has raised Rs.24,000 crore in the last three financial years by levying GST on life and health policies.
    by Nishant Patnaik Aug 8, 2024
    LIC launches four new variants of pure term insurance
    These policies are targeted at young individuals.
    by Team Cafemutual Aug 6, 2024
    Gadkari bats for removal on GST in life and health policies
    Nitin Gadkari wrote to Nirmala Sitharaman requesting doing away with GST on the premium of life and health policies.
    by Nishant Patnaik Aug 3, 2024
    IRDAI imposes fine of Rs.2 crore on Bajaj Finance for mis-reporting commission
    The market regulator also imposed Rs.37 lakh fine on another insurance broker – Prowess Insurance Brokers for sourcing business after expiry of license.
    Posted on Jul 30, 2024
    Govt to introduce a new NPS for minors
    NPS Vatsalya will enable parents and guardians to open NPS account on behalf of minors.
    by Muzammil Bagdadi Jul 24, 2024
    Govt. reduces TDS on insurance commission to 2%
    The move will provide more funds at the disposal of over 29 lakh insurance agents.
    by Nishant Patnaik Jul 24, 2024
    Life insurers collect Rs.90,000 crore as new business premium in April-June 2024
    LIC, SBI and HDFC are the top three players in terms of new business premium collection.
    by Team Cafemutual Jul 22, 2024
    Tata AIA Life creates over 2500 MDRT qualified agents
    The company is the number 1 life insurer in creating MDRT qualified agents.
    by Team Cafemutual Jul 18, 2024
    IRDAI does away with the cap on long term motor insurance commission
    There was a cap of 17.5% on first year commission of long-term motor insurance policies.
    by Nishant Patnaik Jul 18, 2024
    LIC to transform its agency network
    The life insurer has over 14 lakh agents.
    by Nishant Patnaik Jul 7, 2024
    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.