Insurance

Gadkari bats for removal on GST in life and health policies

Nitin Gadkari wrote to Nirmala Sitharaman requesting doing away with GST on the premium of life and health policies.

by Nishant Patnaik Aug 3, 2024

IRDAI imposes fine of Rs.2 crore on Bajaj Finance for mis-reporting commission

The market regulator also imposed Rs.37 lakh fine on another insurance broker – Prowess Insurance Brokers for sourcing business after expiry of license.

Posted on Jul 30, 2024

Govt to introduce a new NPS for minors

NPS Vatsalya will enable parents and guardians to open NPS account on behalf of minors.

by Muzammil Bagdadi Jul 24, 2024

Govt. reduces TDS on insurance commission to 2%

The move will provide more funds at the disposal of over 29 lakh insurance agents.

by Nishant Patnaik Jul 24, 2024

Life insurers collect Rs.90,000 crore as new business premium in April-June 2024

LIC, SBI and HDFC are the top three players in terms of new business premium collection.

by Team Cafemutual Jul 22, 2024

Tata AIA Life creates over 2500 MDRT qualified agents

The company is the number 1 life insurer in creating MDRT qualified agents.

by Team Cafemutual Jul 18, 2024

IRDAI does away with the cap on long term motor insurance commission

There was a cap of 17.5% on first year commission of long-term motor insurance policies.

by Nishant Patnaik Jul 18, 2024

LIC to transform its agency network

The life insurer has over 14 lakh agents.

by Nishant Patnaik Jul 7, 2024

ULIPs cannot be advertised as investment product: IRDAI

In addition, the insurance regulator has directed insurers to strive towards achieving zero grievances in the insurance industry.

by Nishant Patnaik Jun 25, 2024

Insurers to facilitate online system for policyholders to change agents in unserved policies

Insurers should ensure uninterrupted policy servicing to policyholders: IRDAI

by Nishant Patnaik Jun 24, 2024

General insurance body demands reduction in GST from 18% to 5% on general insurance products

The Confederation of General Insurance Agents Association of India has submitted a memorandum to Finance Minister, PM and chief ministers of all states.

by Kushan Shah Jun 20, 2024

New business opportunity for MFDs in NPS distribution

MFDs can become pension agent without appearing for any examination.

by Nishant Patnaik Jun 18, 2024

CAMS Insurance Repository launches Bima Central

Bima Central allows users to manage life, health, and motor policies through their secure e-Insurance Account (eIA).

by Team Cafemutual Jun 18, 2024

Life insurance premium will be uniform across distribution channels

The premium amount of a life insurance policy will be similar for insurance brokers, banks and agents.

by Nishant Patnaik Jun 13, 2024