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  • Insurance

    What does the new provision for differently abled persons in insurance mean?
    Insurers can issue a policy through which a differently abled can get annuity or lumpsum support even during the lifetime of his/her dependent parent or guardian.
    by Team Cafemutual Feb 3, 2022
    Budget 2022: Govt. increases TDS on insurance commission to 5%
    Last year, the government had reduced TDS on insurance commission to 3.75%.
    by Nishant Patnaik Feb 2, 2022
    India has one individual agent for every 550 people
    Life insurers have 24.50 lakh agents as on March 2021; 55% of them belong to LIC.
    by Abhishek Kumar Jan 21, 2022
    ‘Despite covid, average health insurance premium remained unchanged’
    The health insurance price index remains unchanged since Jan 2021, according to a PolicyX.com report.
    by Team Cafemutual Jan 17, 2022
    Insurance is now Rs. 49 lakh crore industry in India
    IRDAI data shows steep rise in AUM of insurers in FY 2020-2021. Over 90% of the industry AUM belongs to life insurers.
    by Abhishek Kumar Jan 15, 2022
    Banks, brokers receive highest number of mis-selling complaints
    Direct sales and individual agents receive least number of mis-selling complaints, show IRDAI data.
    by Abhishek Kumar Jan 14, 2022
    Individual agents dominate life insurance distribution business
    LIC gets 94% business through agents; banks dominate sales of private life insurers.
    by Abhishek Kumar Jan 12, 2022
    Hero MotoCorp may sell LIC policies through its showrooms and service centres
    LIC has tied up with Hero Insurance Broking as their agent to distribute LIC policies.
    by Team Cafemutual Jan 11, 2022
    New India Assurance largest general insurer, ICICI Lombard biggest private player
    Star Health leads in the standalone health insurance space with Rs.9,400 crore as gross premium collection in FY 2020-2021, shows IRDAI data.
    by Abhishek Kumar Jan 10, 2022
    LIC has 64% share in life insurance premium, SBI Life and HDFC Life biggest private players
    LIC collected a total of Rs. 4 lakh crore as life insurance premium in FY 2020-2021, second-ranked SBI Life received Rs. 50,254 crore.
    by Abhishek Kumar Jan 10, 2022
    LIC India installs digital kiosks at offices to improve productivity of agents
    Your clients can buy new policies and renew their existing policies through LIC Digi Zone.
    by Team Cafemutual Jan 7, 2022
    Despite covid, Indian insurance industry advances in 2020
    Although marginal, the insurance industry sees growth in premium collection and witnesses higher penetration.
    by Abhishek Kumar Jan 7, 2022
    Insurers put a cap on the reward payment of agents
    Many insurance companies have set well-defined and transparent criteria for payment of rewards to their agents.
    by Nishant Patnaik Jan 7, 2022
    HDFC Life completes acquisition of Exide Life, merger to happen soon
    The deal was first announced in September 2021 when HDFC Life said it is acquiring Exide Life for Rs. 6,687 crore.
    by Team Cafemutual Jan 4, 2022
    Here is how your insurer has performed in terms of settling claims during Covid times
    Max Life, Aegon and Bharti Axa were the top three companies in terms of claim settlement ratio in FY 2020-21.
    by Nishant Patnaik Jan 4, 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.