Insurance

Insurance agents get two more months to become eligible to sell ULIPs

IRDAI has given two months’ time to insurance companies and agents to comply with new norms on benefit illustration and market conduct aspects.

by Nishant Patnaik Dec 3, 2019

Most Indians do not have health Insurance - NSO

There is a huge opportunity in health insurance market as a government survey shows that most Indians do not have medical insurance.

by Vidyut Deshpande Nov 28, 2019

Term insurance cover for clients suffering from diabetes and high cholesterol

ICICI Prudential Life offers life cover to individuals with health conditions.

by Team Cafemutual Nov 14, 2019

Now your clients can avail discounts and vouchers on health insurance by staying fit

IRDAI allows health insurers to offer discounts and vouchers for better health and wellness.

by Team Cafemutual Nov 8, 2019

IRDAI directs Reliance Health not to sell policies

The insurance regulator has directed Reliance Health to transfer entire policyholders’ liabilities to Reliance General Insurance.

by Nishant Patnaik Nov 8, 2019

Total individual wealth in insurance may almost double in next 5 years

Increased awareness, ease to avail insurance through improved technology, regulatory changes, and rising underinsured young population to catalyse the process

Posted on Nov 1, 2019

Rs.1.01 crore fine on Cholamandalam MS General Insurance

IRDAI has found that the insurer had paid commission to agents on ported policies.

by Team Cafemutual Oct 29, 2019

ULIPs cannot be marketed on tax merits: IRDAI

IRDAI issues new advertisement guidelines for insurers.

by Team Cafemutual Oct 18, 2019

Disclose agents commission and rewards separately: IRDAI

IRDAI has modified reporting norms to capture additional payouts of agents such as rewards.

by Nishant Patnaik Oct 15, 2019

Agents will have to justify product suitability for clients

The move aims to make agents more accountable.

by Nishant Patnaik Oct 4, 2019

Agents cannot sell ULIPs until they are trained on capital markets

Among other things, IRDAI has asked insurance companies to disclose commission of insurance agents in absolute terms in ULIPs.

by Nishant Patnaik Sep 28, 2019

Selling insurance is now just three clicks away

HDFC Life has introduced a three-click-facility for its agents through which they can complete the sales process in just three clicks.

Posted on Sep 27, 2019

Less than 1% agents are MDRT in India, among the lowest in the Asia

Hong Kong tops the list by contributing 16% of its agency population to the MDRT.

by Bhakti Makwana Sep 25, 2019

IRDAI allows general insurers to hike premium by up to 15%

IRDAI has now allowed general insurers and standalone health insurers to modify their existing policies.

by Nishant Patnaik Sep 24, 2019

Future of Indian insurance distribution business

Going forward, three distribution channels will emerge as leaders – direct, agents who use technology and offer multiple products and affinity based distribution.

by Bhakti Makwana Sep 22, 2019

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