Insurance

Two general insurers launch health insurance policy to cover coronavirus

Star Health and ICICI Lombard have launched health policies that offer protection against Covid-19.

by Team Cafemutual Mar 21, 2020

Life insurance AUM grows to over Rs.35 lakh crore in FY 2018-19

AUM growth is largely due to new business, consistent renewals and mark to market gains.

by Vidyut Deshpande Mar 18, 2020

Over 1 lakh agents join life insurance industry in one year

LIC India added 44,294 agents while private insurers added 67,716 agents as on January 2020.

by Team Cafemutual Mar 15, 2020

IRDAI to allow a hike in third party motor insurance premiums

The insurance regulator has proposed hiking third party motor insurance premium rates by 5%.

by Team Cafemutual Mar 11, 2020

IRDAI asks insurers to expedite claim settlement procedure related to coronavirus

Insurance regulator directs insurers to introduce specific policies that covers rapidly spreading diseases like coronavirus.

by Vidyut Deshpande Mar 9, 2020

General Insurance Council launches “Faayde Ki Baat” campaign

Retail non-life policies such as home, health and motor vehicle insurance, both third party liability and own damage are focus areas for this campaign.

by Vidyut Deshpande Mar 6, 2020

Rs. 20,823 crore commission paid to insurance agents in Apr-Dec 2019

The gross commission of agents has increased by 14.6% year on year.

by Vidyut Deshpande Mar 4, 2020

Soon, life insurance companies may sell health insurance policies

IRDAI sets up a committee to review feasibility of allowing life insurance companies to offer indemnity based health insurance policies.

by Team Cafemutual Feb 28, 2020

You will need specific certification to sell ULIPs

As per IRDAI norms, insurance agents have to get mandatory certification and training to sell ULIPs.

by Team Cafemutual Feb 24, 2020

ICICI Prudential Life promises to settle death claims in 1 day

Provided such policies complete three years and claim amount does not exceed Rs.1.50 crore.

by Team Cafemutual Feb 18, 2020

IRDAI eases pre-existing ailment norms in health insurance

The insurance regulator has modified definition of pre-existing diseases.

by Vidyut Deshpande Feb 14, 2020

LIC India recruits over 1.14 lakh new agents in just a year

Also, LIC India has achieved growth rate of 18% in terms of new policies sold.

by Team Cafemutual Feb 13, 2020

‘Tax savings pitch of insurance agents and companies may not work’

Insurance will no longer be seen as a tax saving instrument, says the recent report released by Jefferies.

by Vidyut Deshpande Feb 10, 2020

IRDAI imposes fine of Rs.1 crore on Tata AIG General Insurance

IRDAI has found that a corporate agent of the general insurance company has disbursed loan to its customers for paying premium.

by Team Cafemutual Feb 7, 2020

IRDAI fines ICICI Lombard Rs. 1 crore

IRDAI has found that the general insurance company had issued group health policy having tenure of 5 years as against the tenure of 1 year.

by Team Cafemutual Jan 29, 2020

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