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    • Insurance

    Agents sell 7 out of 10 life insurance policies
    Individual agents sold 69% of the new life insurance policies in FY 2016-17.
    by Team Cafemutual Jan 9, 2018
    Penetration and density of insurance industry increase
    Penetration of the life insurance sector remains unchanged while non life saw a marginal growth.
    by Team Cafemutual Jan 8, 2018
    IRDAI gives go ahead to Edelweiss Financial Services for non-life business
    With this, the total number of general insurers moved up to 33.
    by Team Cafemutual Jan 6, 2018
    IRDAI instructs general insurers to sell motor third party insurance directly
    Insurers cannot deny motor third party insurance.
    by Team Cafemutual Jan 4, 2018
    IRDAI imposes a fine of Rs. 5 lakh on Reliance Nippon Life Insurance
    Reliance Nippon Life Insurance had deducted premium amount from the overall premium instead of risk premium during free look period.
    by Team Cafemutual Dec 28, 2017
    SBI General Insurance will reach the untapped markets: Pushan Mahapatra
    In an email interview Pushan Mahapatra, MD&CEO, SBI General Insurance says rural insurance has huge potential in India.
    by Team Cafemutual Dec 19, 2017
    Non-life insurers paid a gross commission of Rs. 7,000 crore in FY 2016-17
    While individual agents received Rs. 3,700 crore from insurance sales, banks received Rs. 804 crore last fiscal.
    by Team Cafemutual Dec 11, 2017
    ‘Aadhaar linking will help the industry design customized insurance policies’
    In an email interview Mukesh Kumar, ED, HDFC ERGO General Insurance says that Aadhaar linking with insurance policies will help the industry to get access to basic information of customers, enabling us to tailor insurance products & services to meet their requirements.
    by Rosevina Gonsalves Dec 8, 2017
    ‘We process about 15 claims a day’
    The most challenging part of distributing insurance policies is helping your clients settle their claims. We spoke to Kapil Mehta, Founder & CEO, SecureNow Insurance Broker to understand how he helps his clients settle their claims and his experience in dealing with SMEs.
    by Nishant Patnaik Dec 1, 2017
    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
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