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Life insurers added over 10,000 agents in the last six months
The total agency force stood at 20.99 lakh as on September 2017.
by Rosevina Gonsalves Nov 7, 2017
Either pay fees or commission to intermediaries selling motor insurance policies, says IRDAI
IRDAI has issued a clarification on the remuneration structure payable to motor insurance service providers (MISPs).
by Team Cafemutual Nov 1, 2017
Agents to get more commission on motor insurance policies
IRDAI has increased the commission structure on own damage motor insurance policies to 17.5% of the premium.
by Rosevina Gonsalves & Nishant Patnaik Oct 30, 2017
Insurance advisors to sell insurance policies online on BSE’s new distribution platform
Bombay Stock Exchange has partnered with American insurance exchange giant Ebix to set up an insurance distribution network in India.
by Team Cafemutual Oct 26, 2017
Non-life insurers see robust growth in new business premium
The general insurance industry has collected Rs. 72,564 crore in six months.
by Team Cafemutual Oct 17, 2017
Three new non-life insurers to start its operations soon
DHFL General Insurance, Acko General Insurance and Go-Digit Insurance have received IRDAI’s go-ahead to enter the non-insurance space.
by Team Cafemutual Sep 21, 2017
IRDAI tightens advertisement norms for insurers
The insurance regulator has directed life insurance companies to segregate death claim settlement ratios of individual and group policies.
by Team Cafemutual Sep 20, 2017
IRDAI to start creating database of 21 lakh agents from next month
The insurance regulator is already in the process of creating a database of other insurance intermediaries like brokers, corporate agents and web–aggregators.
by Rosevina Gonsalves and Nishant Patnaik Sep 18, 2017
HDFC Life Insurance to receive IRDAI’s go-ahead for IPO
The life insurer had filed its draft red herring prospectus (DRHP) with SEBI on August 18, 2017.
by Rosevina Gonsalves Sep 12, 2017
Standalone health insurers paid gross commissions of Rs. 664 crore in FY 2016-17
While individual agents received Rs.480 crore from health insurance sales, banks received Rs.159 crore last fiscal.
by Team Cafemutual Sep 8, 2017
Insurers, agents selling online policies will have to create e-insurance account within 15 days
IRDAI has asked insurance companies and intermediaries such as agents and brokers who sell insurance policies online through insurance self-network platforms to issue e-insurance account to their policyholders.
by Team Cafemutual Sep 7, 2017
Paytm to sell insurance policies, soon venture into mutual funds distribution
The company has received corporate agency license from IRDAI to distribute insurance policies.
by Rosevina Gonsalves Sep 6, 2017
16 crore non-life insurance policies sold in FY 2016-17
Experts attribute this to induction of new agents, increasing demand of motor and health insurance policies and launch of crop insurance scheme.
by Rosevina Gonsalves Sep 5, 2017
High first year commission has no relation with persistency ratio: IRDAI
Nilesh Sathe, Member (Life), IRDAI asserted that many agents end up getting only 10% of total premium as first year commission instead of 35%.
by Rosevina Gonsalves and Nishant Patnaik Sep 4, 2017
Automobile dealers to get higher commission than agents on motor insurance policies
IRDAI has allowed insurance companies to appoint automobile dealers as intermediaries to distribute motor insurance policies.
by Rosevina Gonsalves and Nishant Patnaik Sep 4, 2017