Insurance

Insurers/distributors cannot mislead policyholders with extraordinary benefits: IRDAI

Providing misleading information on insurance policies to entice prospective customers is illegal now.

by Nishant Patnaik Apr 2, 2024

TVS group forays into health insurance business

Galaxy Health and Allied Insurance gets IRDAI nod to start health business.

by Team Cafemutual Apr 1, 2024

SEBI unearths front running by an LIC employee

This employee and his family members allegedly made Rs.2.44 crore unlawfully.

by Team Cafemutual Mar 20, 2024

‘Policyholders want support of their agents/intermediaries during claim process’

A report released by CAMSRep (a repository arm of CAMS) reveals that generic communication and complicated processes are biggest reasons for low popularity of insurance.

by Kushan Shah Mar 10, 2024

Future Generali launches a women specific health insurance plan

Before launching this policy, Future Generali India General Insurance carried out a survey of 600 women having health insurance policies.

by Team Cafemutual Mar 7, 2024

Kotak Life launches a policy that offers guaranteed regular income

This annuity like plan ensures regular income till a policyholder turns 85.

by Team Cafemutual Mar 6, 2024

Future Generali India Life appoints Alok Rungta as MD & CEO

Rungta was the Deputy CEO & Chief Financial Officer (CFO) at Future Generali India Life.

by Team Cafemutual Mar 1, 2024

Life insurers settle over 98% of individual death claim requests in FY 2023

However, in terms of claim amount, the settlement is less than 95%.

by Riddhima Bhatnagar Feb 29, 2024

IRDAI imposes Rs.2 crore fine on a corporate agent for fraudulent sales practices

The insurance regulator has barred Dealmoney Securities from distributing or soliciting insurance policies.

by Team Cafemutual Feb 27, 2024

Life insurance industry adds 2.36 lakh new agents

LIC, SBI Life and Tata added the highest number of agents in one year.

by Kushan Shah Feb 27, 2024

PFRDA simplifies norms to become pension fund manager

The pension fund regulator has simplified norms for becoming trustees and sponsors of NPS.

by Team Cafemutual Feb 23, 2024

Agents/intermediaries will be held responsible for unclaimed amount of their clients

IRDAI said that agents and intermediaries will have to trace clients and update their contact details, bank account etc. across all unclaimed policies.

by Nishant Patnaik Feb 20, 2024

Onus of proving policyholder gave false information to get coverage rests with insurers: IRDAI

IRDAI has also issued draft advertisement guidelines in which it has asked insurers and distributors not to mislead policyholders with extraordinary benefits.

by Nishant Patnaik Feb 19, 2024

Soon, agents will be able to sell insurance policies completely online

IRDAI has issued draft guidelines on constitution of Bima Sugam, a digital platform by IRDAI to distribute insurance.

by Nishant Patnaik Feb 14, 2024