Insurance

Aadhaar is still a valid KYC document: IRDAI

Aadhaar can be used to verify address and identity of proposers.

by Team Cafemutual Feb 4, 2019

No commission if your clients renew their insurance policies directly

IRDAI has found that insurance companies have paid commission to their agents and brokers even when they receive new and renewal business directly.

by Nishant Patnaik Jan 30, 2019

IRDAI seeks details of mis-selling complaints against top insurance distributors

The insurance regulator has asked insurers to share details of mis-selling complaints lodged against their top 10 distributors.

by Nishant Patnaik Jan 28, 2019

IRDAI imposes Rs.5 lakh fine on United India Insurance

The general insurer has incorporated changes to insured declared value of vehicles at the time of claim settlement.

by Nishant Patnaik Jan 9, 2019

‘Too many choices on term insurance can delay buying decision’

A Coverfox research has found that more options delay buying decision.

by Team Cafemutual Jan 8, 2019

IRDAI imposes Rs.5 lakh fine each on IFFCO Tokio and Royal Sundaram

Violations included changing the insured declared value during the policy term.

by Team Cafemutual Dec 21, 2018

IRDAI to relax norms for open architecture distributors

The insurance regulator proposes to relax norms for insurance marketing firms and expand their scope.

by Nishant Patnaik Nov 29, 2018

‘It’s not ULIPs v/s mutual funds, advisors can consider distributing both”

Cafemutual speaks to Bajaj Allianz Life Insurance CIO Sampath Reddy on markets and ULIPs providing a long-term investment avenue.

by Shreeta Rege Nov 23, 2018

IRDAI imposes Rs.40 lakh fine on Reliance Nippon Life

The insurance regulator has found that the life insurer had violated regulatory norms such as incentivizing agents and collecting documents for KYC from unauthorized agents.

by Team Cafemutual Nov 14, 2018

Insurers may settle your client’s claim in a piecemeal manner

IRDAI has constituted a committee to see if it makes sense to allow insurers to settle personal accident and benefit based health insurance claims in installments.

by Team Cafemutual Oct 16, 2018