Non-life insurers profit declines by 30% in FY 2015-16
Net profit of the non-insurance industry declined from Rs.4600 crore to Rs.3200 in FY 2015-16.
by Rosevina Gonsalves Feb 22, 2017
Non-life insurance AUM crosses Rs.1.75 lakh crore
Increase in economic activity and overall industry growth have contributed to the rise in AUM
by Rosevina Gonsalves Feb 20, 2017
Life insurance industry pays out over Rs.20,000 crore commission in FY 2015-16
Considering that the life insurance industry has 20 lakh agents, each agent could have earned close to Rs.1 lakh on an average in FY 2015-16.
by Team Cafemutual Feb 17, 2017
Agents sell 70% of health insurance policies
Agents have brought in premium of close to Rs.8100 crore in FY 2015-16.
by Team Cafemutual Feb 15, 2017
7 out of 10 life insurance policies sold by agents
Individual agents have sold 68% of the new life insurance policies in FY 2015-16.
by Team Cafemutual Feb 11, 2017
Life insurance AUM crosses Rs.25 lakh crore in FY 2015-16
Robust collection of new business premium and improved persistency ratio has driven this growth.
by Team Cafemutual Feb 11, 2017
Life insurers to pay penal interest for delay in settling claim
Life insurance claims settlement is expected to get speedier as a consequence.
by Team Cafemutual Feb 9, 2017
Non-life insurers continue to incur losses in FY 2015-16
Experts attribute this to poor underwriting practices in the non-life insurance industry.
by Rosevina Gonsalves Feb 9, 2017
PSU non-life insurers incurring loss while private insurers are minting money in health insurance
High incurred claims ratio of PSU general insurers in health insurance sector indicates that they are losing ground to private insurers.
by Rosevina Gonsalves Feb 4, 2017
Now, policyholders can approach another health insurer if one company rejects their claim
Policyholders were earlier confused about whether they could approach another insurer if one company rejected their claim under multiple health insurance policies.
by Team Cafemutual Feb 4, 2017
No TDS on insurance commission of agents earning up to Rs.2.50 lakh a year
Currently, insurance companies deduct TDS of 5% on commission amount exceeding Rs.15,000.
by Nishant Patnaik Feb 1, 2017
HDFC Standard Life Insurance fined for incentivizing agents through junkets
IRDAI imposes a fine of Rs.15 lakh on HDFC Standard Life Insurance Company
by Team Cafemutual Jan 23, 2017
IRDAI forms a committee to review commission structure of life insurance agents
The committee will also review the recommendations of Sumit Bose Committee.
by Nishant Patnaik Jan 16, 2017
India’s insurance intermediary partners with German broker to expand footprint
This partnership is expected to help SecureNow insurance broker to provide risk management solutions in general insurance to its clients having presence in global markets like USA and UK.
by Team Cafemutual Jan 12, 2017
Agents least trustworthy for those buying insurance: ASSOCHAM study
The report suggests people to select agents very cautiously.
by Team Cafemutual Jan 10, 2017
