Non- Life insurance premium up by over 300% in last nine years
The total non-life insurance premium increased from Rs. 29,500 crore in FY 2007-08 to Rs. 1.28 lakh crore in FY 2016-17.
by Kanika Bhargav Nov 28, 2017
Now agents can sell insurance policies online
Coverfox launches Coverdrive app for insurance agents.
by Nishant Patnaik Nov 27, 2017
Flipkart to sell insurance policies, soon to venture into mutual funds distribution
The company’s recent ROC filing said that it would act as a corporate agent to distribute insurance policies.
by Team Cafemutual Nov 25, 2017
IRDAI asks policyholders to link Aadhaar with existing insurance policies
However, the insurance regulator has not given any deadline to comply with the guideline.
by Nishant Patnaik Nov 14, 2017
Retirement advisors may receive more incentives to distribute NPS
PFRDA has already hiked incentives of point-of-presence (POP) distributors like banks and corporate entities.
by Rosevina Gonsalves Nov 14, 2017
Now policyholders can purchase health insurance at an ATM
In a first of its kind innovation, Max Bupa has launched ‘AnyTimeHealth’ (ATH) machines to solicit health policies.
by Team Cafemutual Nov 14, 2017
Sales representatives of agents can now distribute health insurance policies
IRDAI has allowed sales representatives to sell health insurance policies having sum assured of up to Rs. 5 lakh.
by Team Cafemutual Nov 11, 2017
No major impact of demonetisation on insurance industry
While the demonetisation exercise attracted new business premium in the life insurance industry in the initial months, it has not increased subsequently.
by Rosevina Gonsalves Nov 9, 2017
Life insurers added over 10,000 agents in the last six months
The total agency force stood at 20.99 lakh as on September 2017.
by Rosevina Gonsalves Nov 8, 2017
Either pay fees or commission to intermediaries selling motor insurance policies, says IRDAI
IRDAI has issued a clarification on the remuneration structure payable to motor insurance service providers (MISPs).
by Team Cafemutual Nov 2, 2017
Agents to get more commission on motor insurance policies
IRDAI has increased the commission structure on own damage motor insurance policies to 17.5% of the premium.
by Rosevina Gonsalves & Nishant Patnaik Oct 31, 2017
Insurance advisors to sell insurance policies online on BSE’s new distribution platform
Bombay Stock Exchange has partnered with American insurance exchange giant Ebix to set up an insurance distribution network in India.
by Team Cafemutual Oct 27, 2017
Non-life insurers see robust growth in new business premium
The general insurance industry has collected Rs. 72,564 crore in six months.
by Team Cafemutual Oct 18, 2017
Three new non-life insurers to start its operations soon
DHFL General Insurance, Acko General Insurance and Go-Digit Insurance have received IRDAI’s go-ahead to enter the non-insurance space.
by Team Cafemutual Sep 22, 2017
