SUBSCRIBE NEWSLETTER
  • Change Language
  • English
  • Hindi
  • Marathi
  • Gujarati
  • Punjabi
  • Tamil
  • Telugu
  • Bengali
  • Insurance

    IRDAI looking at granular data to make insurance affordable for all
    BC Patnaik, Member (Life), IRDAI said that IRDAI is working at fast pace to grow insurance sector by 3-4 times of country’s GDP.
    by Team Cafemutual Dec 18, 2023
    Soon there will be no maximum age to buy health insurance
    Also, health insurers cannot reject claim after 36 months citing pre-existing conditions
    by Nishant Patnaik Dec 18, 2023
    ‘Agents should focus on selling underpenetrated products like home insurance’
    IRDAI Member BC Patnaik said that home insurance offers a great business to insurance intermediaries.
    by Nishant Patnaik Dec 14, 2023
    3 pension funds command over 90% share in NPS AUM
    SBI Pension Funds, LIC Pension Fund and UTI Retirement Solutions together manage Rs 9.34 lakh crore of NPS assets.
    by Karishma Gagwani Dec 11, 2023
    NPS subscribers can now have multiple pension fund managers
    However, new subscribers can exercise this option post three months of registration.
    by Team Cafemutual Dec 5, 2023
    Returns earned on NPS’s SWP likely to be tax free
    Pension fund managers believe that any capital gains earned on Systematic Lumpsum Withdrawal (SLW) will be exempted from capital gains tax.
    by Nishant Patnaik Nov 28, 2023
    IRDAI proposes new commission structure for agents/intermediaries
    The new proposals aim to protect interest of agents and enhance their performance among other things.
    by Nishant Patnaik Nov 21, 2023
    IRDAI constitute a taskforce to check mis-selling by banks
    The task force will also suggest measures to improve efficiency of bancassurance in insurance distribution.
    by Nishant Patnaik Nov 7, 2023
    IRDAI asks insurers to start sharing financial information with account aggregators
    Account aggregators (AA) offer financial data-sharing framework for investors and regulated financial entities.
    by Nishant Patnaik Nov 7, 2023
    Agents will have to ensure that their clients know what’s covered and what’s not in health policy
    IRDAI revises customer information sheet (CIS) in which it has asked health insurers to guide policyholders on key features portability and grievance redressal mechanism.
    by Nishant Patnaik Oct 31, 2023
    IRDAI constitutes a committee to simplify policy wordings
    This move is likely to remove confusion, make terms understandable and help policyholders to make quick decisions.
    by Karishma Gagwani Oct 31, 2023
    ICICI Lombard posts net profit of Rs.968 crore in April-Sept 2023
    Profit before tax of the company grew to Rs.1300 crore in the first six months of FY 2024.
    by Team Cafemutual Oct 22, 2023
    IRDAI introduces a new business model for insurance intermediaries
    IRDAI launches a new distribution channel to increase rural penetration of insurance policies.
    by Nishant Patnaik Oct 10, 2023
    Liberty General appoints Parag Ved as the new Director & CEO (interim)
    This follows the retirement of Roopam Asthana.
    by Team Cafemutual Sep 21, 2023
    Check how much your non-life and health insurers paid against the premium they collect
    Overall, the net incurred ratio of the nonlife and health insurers have improved over the last one year.
    by Nishant Patnaik and Riddhima Bhatnagar Sep 20, 2023