Social security schemes and direct sales reduce commission expenses of non-life companies
Non-life insurers reduced their commission expenses by 61% in FY 2016-17.
by Rosevina Gonsalves and Nishant Patnaik Aug 19, 2017
Now policyholders can share a video to avail motor insurance claims
ICICI Lombard general insurance introduces video inspection feature in its mobile app through which policyholders can share video of a car damage to avail motor insurance claim.
by Team Cafemutual Aug 18, 2017
Life insurers paid gross commissions of Rs.22,100 crore in FY 2016-17
LIC alone paid commission of over Rs.15,000 crore last year.
by Rosevina Gonsalves Aug 12, 2017
‘40% of investors do research online but buy policy offline’
The insurance regulator believes that technology will not overpower agents.
by Rosevina Gonsalves Aug 11, 2017
Sales representatives of agents can now distribute health insurance policies
Initially, the insurance regulator had allowed sales representatives to sell simple life, motor third party and government backed policies.
by Team Cafemutual Aug 11, 2017
Agents will now have to furnish PUC certificate to renew motor insurance: SC
The Supreme Court has directed insurance companies not to renew motor insurance policies without pollution under control (PUC) certificate.
by Team Cafemutual Aug 11, 2017
‘High tech distributors can help industry grow’
IRDAI Chief TS Vijayan believes that the industry should develop technology for agents and brokers to help them expedite sales process.
by Nishant Patnaik Aug 9, 2017
IRDAI to decide on HDFC Life’s IPO issue on August 28
The insurance regulator will decide the fate of the HDFC life’s IPO issue in its board meeting on August 28, 2017.
by Rosevina Gonsalves and Nishant Patnaik Aug 9, 2017
Aadhaar may suffice to onboard a new client: IRDAI Chief
IRDAI to allow Aadhaar as a single document to carry out KYC
by Nishant Patnaik Aug 8, 2017
PMS assets excluding EPFO reaches close to Rs.4 lakh crore in Q1 of FY17-18
Portfolio managers witness 4% AUM growth in Apr-Jun largely due to growth in assets of discretionary PMS.
by Padmaja Choudhury Aug 8, 2017
India among the lowest commission paying countries: IRDAI
It is a myth that insurance agents in India receive a hefty commission, says IRDAI.
by Rosevina Gonsalves Aug 8, 2017
No incentives for insurance marketing firms in life insurance
However, insurance marketing firms (IMFs) can be paid up to 50% of first year commission from life insurers to train their employees.
by Team Cafemutual Aug 5, 2017
IRDAI proposes to hike commissions on motor insurance policies
The insurance regulator proposes to introduce commission payouts in motor third party insurance component of comprehensive policy from fourth year of renewal.
by Nishant Patnaik Aug 4, 2017
SAT gives Sahara Life a week’s relief
SAT has put a stay order on IRDAI’s decision of transferring the Sahara Life’s insurance portfolio to ICICI Prudential.
by Team Cafemutual Aug 1, 2017
India’s largest life insurance merger called off
HDFC Life, Max Life withdraw merger plans after failing to receive IRDAI approval.
by Team Cafemutual Jul 31, 2017
