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    • Insurance

    Max Life is now Axis Max Life
    Axis Bank had first announced its intention to acquire a stake in Max Life in February 2020.
    by Team Cafemutual Dec 17, 2024
    Huge difference in claim settled and claim amount paid in non life industry
    While the non-life industry settled 85.76% of the total claims received, it only paid 51.12% of the total claim amount requested during FY 2023, a massive difference of 34.64%.
    by Nishant Patnaik & Suhail ChaglaDec 17, 2024
    Govt. to appoint 2 lakh women agents through LIC India
    Under Bima Sakhi Yojana, LIC will pay stipend for 36 months to women agents.
    by Nishant PatnaikDec 10, 2024
    Govt proposes stringent penalty on insurers and intermediaries for mis-selling
    Such a penalty could go up to Rs.5 crore per instance.
    by Nishant Patnaik and Suhail ChaglaDec 4, 2024
    Soon, insurance agents can work with multiple insurers
    Govt. to allow open architecture for insurance agents.
    by Nishant PatnaikDec 3, 2024
    Insurance industry to become Rs.930 lakh crore industry by 2047: BCG Group
    A report released by BCG group reveals that the insurance industry will reach USD 11 Trillion by 2047.
    by Suhail ChaglaNov 29, 2024
    Delay in commission payout and lack of transparency are two major pain points of insurance agents
    Many agents expect insurance companies to generate leads for them, says a report released by Mckinsey.
    by Nishant PatnaikNov 27, 2024
    Insurance industry to become Rs.930 lakh crore industry by 2047: BCG Group
    A report released by BCG group reveals that the insurance industry will reach USD 11 Trillion by 2047.
    by Suhail ChaglaNov 26, 2024
    Life insurers bats for same day commission payment to agents/intermediaries
    Also, the industry to have ‘insurance score’ similar to credit score to evaluate risk of a prospective policyholder.
    by Suhail ChaglaNov 25, 2024
    One more development in the making of online platform for agents
    IRDAI sets up Bima Sugam India Federation (BSIF) to launch Bima Sugam.
    by Nishant PatnaikNov 22, 2024
    FM, IRDAI Chief express concerns over mis-selling of insurance by banks
    Both said that banks should focus on core activities and ethical selling.
    by Team Cafemutual Nov 20, 2024
    Galaxy Health Insurance launches its first product
    The company will not change the premium amount till the policyholder turns 55 or makes a claim.
    by Team Cafemutual Nov 16, 2024
    Insurance industry needs close to 1 crore agents: IRDAI
    IRDAI chairman Debasish Panda said that the insurance industry needs triple the number of agents to service the increasing demand for insurance.
    by Nishant Patnaik & Suhail ChaglaNov 11, 2024
    Who are the top non-life players across business segments?
    Currently, the top ten players account for 68% of the total premium collection.
    by Nishant Patnaik and Suhail ChaglaNov 11, 2024
    Life insurance AUM reaches Rs.68 lakh crore: IRDAI
    The insurance regulator gives highlights of the business performance of the insurance industry.
    by Nishant PatnaikNov 8, 2024
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