Non-life insurers’ new business premium collection up by 22% in Q1 FY 2017-18
The total business premium grew to Rs33,303 crore in the first quarter of FY 2017-18 as against Rs 27,310 crore in the corresponding period last year.
by Team Cafemutual Jul 18, 2017
Agents will have to link Aadhaar with their agency code
IRDAI has asked insurers to collect the Aadhaar number of their agents and upload it on IIB’s portal.
by Rosevina Gonsalves Jul 15, 2017
Now, agents will require a certificate from policyholders
Agents will need acknowledgement from policyholders that they have given all material information related to the recommended policy and the client has understood it.
by Team Cafemutual Jul 13, 2017
Agents helps increase insurance penetration in India: Swiss Re
The insurance penetration increased to nearly 3.5% in FY 2016-17 while the insurance density stood at US $59.7 during the same period.
by Rosevina Gonsalves Jul 12, 2017
Top 10 life insurers profit grows marginally in FY 2016-17
LIC remains the most profitable insurer even after witnessing a decline in its profits.
by Rosevina Gonsalves Jul 4, 2017
Agency channel drives Bajaj Allianz Life Insurer’s growth
The company appointed 18,000 new insurance agents in FY 2016-17.
by Rosevina Gonsalves Jun 26, 2017
IRDAI bars Sahara India Life Insurance from doing fresh business
The insurance regulator had recently taken over the management of the life insurer by appointing a run-off administrator to manage company affairs.
by Team Cafemutual Jun 24, 2017
‘Insurtech is the biggest concern for general insurers globally’
A recent PwC report found that digital disruption in the insurance industry is a big concern for non-life insurers globally.
by Team Cafemutual Jun 16, 2017
IRDAI takes charge of Sahara India Life Insurance
The insurance regulator has appointed an official to manage affairs of the life insurer with immediate effect.
by Team Cafemutual Jun 13, 2017
Help your clients receive unclaimed insurance amounts
Insurance firms (both life and non-life) are holding close to Rs.12,000 crore of unclaimed funds as on March 31, 2016.
by Team Cafemutual Jun 12, 2017
What threatens life insurers?
A recent PwC report found that low interest rates is the top concern for life insurers globally.
by Team Cafemutual Jun 9, 2017
HDFC Life-Max merger fails to get IRDAI approval
The insurance regulator says the merger deal violates the law that bars the merger of a life insurance firm with a non-life insurance business
by Team Cafemutual Jun 9, 2017
IRDAI reconstitutes its insurance advisory committee (IAC)
The committee looks into matters relating to investor protection, industry development and simplification of the regulations.
by Team Cafemutual Jun 7, 2017
Birla Sun Life Insurance’s new health policy covers heart and kidney
It is a traditional health insurance plan covering both cardiac and renal illness.
by Rosevina Gonsalves Jun 6, 2017
