Insurance

‘Indian insurance industry has a risk of mis-selling’

HSBC Global Research has identified three key trends in the industry.

by Vidyut Deshpande Jan 22, 2020

Govt insurers score better in claims settlement

PSU non-life insurers continue to pay higher amount of claims than premiums collected

by Vidyut Deshpande Jan 20, 2020

6 out of 10 life insurance policies sold by agents

Individual agents have sold 62% of the new life insurance policies in FY 2018-19.

by Vidyut Deshpande Jan 20, 2020

India’s insurance penetration is just 3.7%

Compared to advanced economies, India lags in terms of penetration (global average 6% compared to 3.7% in India) and density ($682 compared to $74 in India).

by Vidyut Deshpande Jan 13, 2020

Only 24% insurance agents are active in the insurance industry

Over five lakh agents sell health policies as against 22 lakh agents who sell life insurance.

by Vidyut Deshpande Jan 10, 2020

Apollo Munich Health Insurance is now HDFC ERGO Health Insurance

HDFC acquires Apollo Hospitals Group's shares in Apollo Munich Health Insurance.

by Team Cafemutual Jan 10, 2020

Standard health policy will have regressive features like co-payment and sublimit

IRDAI has issued guidelines on standard health policies for the health insurance industry.

by Vidyut Deshpande Jan 4, 2020

Bajaj Allianz offers 1 crore term policy at Rs.13 per day

Bajaj Allianz Life Smart Protect Goal gives an option to choose for whole life cover until the age of 99 years.

by Team Cafemutual Jan 2, 2020

Over 6 lakh agents in life insurance industry are women

LIC India accounted for 48% of the total women agents.

by Team Cafemutual Dec 27, 2019

Almost 50% of private insurers business comes from ULIPs

Life insurance is Rs.35 lakh crore industry.

by Vidyut Deshpande Dec 21, 2019

Agents score over direct channels and bancassurance in health insurance business

Agents accounted for 54% of individual health insurance policies last fiscal, shows IRDAI data.

by Vidyut Deshpande Dec 18, 2019

Tata AIA, HDFC, Max Life and ICICI Pru ahead of LIC in settling individual death claims

Better underwriting practices, low volume and robust systems and processes to detect frauds have helped these companies in settling higher claims compared to LIC.

by Nishant Patnaik Dec 18, 2019

Life Insurance Council kick-starts ‘Sabse pehle life insurance’ campaign

The campaign draws inspiration from the successful MF campaign ‘Mutual Funds Sahi Hai’.

by Team Cafemutual Dec 14, 2019

Your point of sales representative can sell all policies barring ULIPs

Many distributors have become point of sales representative with insurance brokers like NJ IB to offer insurance policies of multiple insurance companies.

by Team Cafemutual Dec 8, 2019

3 lakh postmen to sell insurance policies

IRDAI along with India Post Payment Bank (IPPB) is planning to leverage network of over 3 lakh postmen and grameen dak sewaks to increase insurance penetration.

by Vidyut Deshpande Dec 6, 2019

POLL

MORE POLLS

As regards Portfolio Management Services (PMS), what is your status

Actively selling PMS

Not selling PMS but considering it seriously

Not selling PMS and not considering it either

EVENTS FORUMS