Kotak Mahindra Bank to foray into non-life insurance business
RBI has given approval to the bank to form a subsidiary to enter the general insurance business.
by Team Cafemutual Nov 25, 2014
IRDA asks insurers to adequately remunerate distributors
Insurance agents should be in a position to earn at least Rs. 10,000 per month from selling insurance products, says TS Vijayan, Chairman, IRDA.
by Team Cafemutual Nov 24, 2014
IRDA cracks whip on group policy discounts offered by general insurers
The insurance regulator has asked non-life insurers to price their products based on the inputs received from Insurance Information Bureau (IIB).
by Team Cafemutual Nov 14, 2014
Private life insurers giving public sector insurers a run for their money
The market share of private life insurance companies increased to 27% in the H1FY15 compared to 24% in the corresponding period last year.
by Team Cafemutual Nov 7, 2014
IRDA slaps fine on Aviva and Sahara
The regulator has slapped a fine of Rs. 25 lakh on Sahara Life Insurance and Rs. 5 lakh on Aviva.
by Team Cafemutual Nov 4, 2014
IRDA asks SBI Life to pay Rs. 84 crore to group insurance policy members
SBI had violated IRDA norms by paying Rs. 204 crore to 13 master policy holders.
by Team Cafemutual Oct 22, 2014
IRDA gives special dispensation to Hudhud cyclone victims
The loss limit has been increased from Rs.20,000 to Rs.50,000 for a period of two months.
by Team Cafemutual Oct 22, 2014
Aditya Birla Financial Services and MMI Holdings to start health insurance firm in India
South African based insurer MMI will initially own 26% stake in the joint venture.
by Team Cafemutual Oct 21, 2014
IRDA asks insurers to expedite claim settlement of ‘HudHud’ victims
IRDA has asked insurance companies to appoint a senior official to help cyclone victims settle their claims faster.
by Team Cafemutual Oct 17, 2014
Max Bupa to flag off third edition of its awareness drive in Delhi and Mumbai
The company aims to cover 20000 people in its third edition of ‘Walk for Health’.
by Team Cafemutual Sep 30, 2014
Religare to exit joint venture with Aegon
The decision was taken after a strategic review of the business.
by Team Cafemutual Sep 26, 2014
Non-life insurers may come out with unique products soon
IRDA’s working committee has recommended that general insurers be allowed to design niche products which specifically cater to retail and corporates separately.
by Nishant Patnaik Sep 24, 2014
IRDA slaps Rs. 40 lakh fine on Aegon Religare
The regulator found that Aegon Religare lured employees of broking firms with rewards and shared data base with its group company.
by Team Cafemutual Sep 23, 2014
