IRDAI hikes commission in non-life insurance policies
Insurance intermediaries like insurance brokers, insurance marketing firms and web aggregators to get higher commissions compared to insurance agents in select non-life policies.
by Nishant Patnaik Jan 7, 2017
IRDAI brings parity in health insurance commission payouts
So far, life insurers were paying higher commissions in health insurance
policies compared to general insurers and standalone health insurers.
by Nishant Patnaik Dec 30, 2016
Life insurers settle 97% of individual death claims in FY 2015-16
Of the 23 private insurance companies, 11 have crossed 90% mark in claim settlement ratio of individual policies.
by Nishant Patnaik Dec 23, 2016
After years of decline, insurance penetration improves marginally
Both life and non-life insurance industry saw a marginal growth in their penetration levels.
by Nishant Patnaik Dec 21, 2016
IRDAI imposes a fine of Rs. 20 lakhs on Birla Sun Life Insurance
IRDAI has found that Birla Sun Life Insurance had incentivized unauthorized agents through gifts and foreign trips.
by Team Cafemutual Dec 15, 2016
Health insurance to grow at a CAGR of over 20% till 2020: ICICI Lombard
ICICI Lombard estimates that the total premium collection in health insurance segment is likely to touch Rs. 60,000 crore by 2020.
by Nishant Patnaik Dec 15, 2016
Govt. asks public sector insurers to offer up to 10% discounts on premiums paid online
While LIC is allowed to provide a discount up to 8% in issuing new insurance policies, public sector general insurers can offer up to 10% discount on premiums paid online.
by Nishant Patnaik Dec 14, 2016
Max Bupa launches new edition of its flagship scheme - Health Assurance
Under this scheme, the company is providing benefits of critical illness cover, accidental insurance and cash back on certain conditions.
by Team Cafemutual Dec 10, 2016
Demonetisation effect: IRDAI extends grace period by 30 days to renew insurance policies
This grace period is offered to policies whose due dates fall between November 8 and December 31.
by Team Cafemutual Dec 1, 2016
IRDAI does away with putting warnings on TV ads
Insurers will no longer be required to put warnings of spurious calls in advertisements in electronic media.
by Team Cafemutual Nov 25, 2016
Stay fit to get discount on your health insurance premium: ABHS Health Insurance
Aditya Birla Financial Services and MMI Holdings launch a health insurance business called Aditya Birla Health Insurance.
by Nishant Patnaik Nov 25, 2016
Life insurers record 30% growth in new business premium collection
The growth was largely on account of LIC which contributed over Rs. 62,000 crore to the overall industry’s new business premium collection.
by Team Cafemutual Nov 15, 2016
