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    • Insurance

    IRDAI likely to do away with the upfront commission of life insurance agents
    IRDAI is reportedly looking at levelling commission structure throughout the policy term to improve persistency.
    by Nishant Patnaik May 20, 2024
    No discrimination between agents based on their size for payment of commission: IRDAI
    IRDAI said that insurers cannot discriminate between agents based on their size or bargaining power to pay commission.
    by Nishant Patnaik May 19, 2024
    IRDAI issues guidelines for rural, social sector and motor third party obligations
    All life and general insurers are required to have a minimum specified number of policies in rural, social sector and motor third party segments.
    by Kushan Shah May 19, 2024
    Bharti Axa launches ULIP which offers insurance coverage like term plans
    Investors can avail insurance coverage of 100 times of their annual premium.
    by Team Cafemutual May 17, 2024
    IRDAI met intermediaries to discuss future of insurance distribution
    The insurance regulator conducted an event dedicated to discuss the future of insurance distribution.
    by Nishant Patnaik May 13, 2024
    Tata AIA Life crosses AUM of Rs. 1 Lakh Crore
    AUM doubles in less than 3 years.
    by Team Cafemutual Apr 27, 2024
    Life insurers add 2.76 lakh Individual agents in FY24
    LIC added the highest number of individual agents in the last one year.
    by Riddhima Bhatnagar Apr 24, 2024
    Life insurers industry collects new business premium of Rs.3.78 lakh crore in FY 2024
    The industry recorded a marginal growth of 2% in terms of new business premium collection in one year.
    by Riddhima Bhatnagar Apr 22, 2024
    No age limit to buy a health plan: IRDAI
    Health insurers cannot reject claims after 60 months whatsoever.
    by Nishant Patnaik Apr 14, 2024
    TVS group forays into health insurance business
    Galaxy Health and Allied Insurance gets IRDAI nod to start health business.
    by Team Cafemutual Apr 12, 2024
    IRDAI directs insurers to increase focus in rural areas and social sector
    At least 10% of the total lives covered or total business generated has to come from rural areas and social sectors.
    by Team Cafemutual Apr 10, 2024
    Customer satisfaction score of top 12 life insurance brands remains stagnant from 2023 to 2024
    A recent survey by Hansa Research attributes low customer satisfaction to lack of brand differentiation and changing customer expectations
    by Team Cafemutual Apr 7, 2024
    No change in surrender value
    IRDAI repealed its decision to increase the surrender value in life insurance policies.
    by Team Cafemutual Apr 5, 2024
    Insurers/distributors cannot mislead policyholders with extraordinary benefits: IRDAI
    Providing misleading information on insurance policies to entice prospective customers is illegal now.
    by Nishant Patnaik Apr 2, 2024
    TVS group forays into health insurance business
    Galaxy Health and Allied Insurance gets IRDAI nod to start health business.
    by Team Cafemutual Apr 1, 2024
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