Insurance

Insurers to help prospects/policyholders check credibility of agents/intermediaries

This will also create fresh business leads for agents and intermediaries.

by Nishant Patnaik Sep 6, 2024

Bima Sugam can disrupt the traditional insurance distribution channel: IRDAI

Satyajit Tripathy, Member – Distribution, IRDAI said that the next few years will decide whether the digital platform threatens or supplements the existing channels of selling insurance.

by Kushan Shah Sep 4, 2024

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