IRDA asks SBI Life to refund Rs. 275 crore to policyholders
IRDA comes down heavily on SBI Life for collecting second year premium upfront along with the first year premium in a policy called Dhanaraksha Plus Limited Premium Paying Term.
by Team Cafemutual Mar 12, 2014
General insurers witness 14 percent growth in new business premium collection
Private non-life players register 16% growth while public sector insurers recorded 12% growth in new business premium collection.
by Team Cafemutual Mar 10, 2014
Non-life insurers see marginal growth in market share
Private general insurers accounted for 44% of non-life business whereas the market share of public insurers slipped to 50% (excluding 6% of ECGC and AIC of India).
by Team Cafemutual Mar 6, 2014
Policy documents to be now available in regional languages
IRDA mandates insurers to increase font size in policy documents.
by Team Cafemutual Mar 5, 2014
IRFC, REC and HUDCO float tax free bonds
IRFC and REC are offering tax free yield of 8.88% to retail investors for 15 years tenure while HUDCO is offering 8.98% for the same tenure.
by Team Cafemutual Mar 5, 2014
17 out of 24 life insurers recorded a profit in FY 2012-13
ICICI Prudential emerges as most profitable life insurer for the second consecutive year.
by Nishant Patnaik Mar 3, 2014
Advisers unhappy with IRDA decision to renew corporate agency license of banks
Corporate agency license of banks is due for renewal with IRDA.
by Nishant Patnaik Mar 1, 2014
Insurers to settle claims online from April 1
Experts believe that e-payments of claims will reduce the rising unclaimed money lying idle with insurers.
by Team Cafemutual Feb 26, 2014
IRDA defers putting warning in advertisements
However, the insurance regulator has asked insurers to send SMS to policyholders advising not to respond to spurious calls.
by Team Cafemutual Feb 21, 2014
IRDA warns HDFC Standard Life for anti-money laundering violation
Also, the insurance regulator has imposed a fine of Rs one lakh on Tata AIA Life Insurance for violation of anti-money laundering (AML) norms.
by Team Cafemutual Feb 15, 2014
IRDA does away with persistency rate requirement of life insurance agents
The regulator has asked life insurance companies to decide the persistency ratio criteria of agents on their own.
by Nishant Patnaik Feb 13, 2014
General insurers incurred claim ratio fell by 6 percent in FY 2012-13
Lower incurred claim ratio indicates healthy growth prospects of non-life insurance companies.
by Team Cafemutual Feb 13, 2014
IRDA issues fresh list of web aggregators
With the exit of eMudhra Consumer Services and entry of Mangotree Solutions, there are eight web aggregators operating in India.
by Team Cafemutual Feb 11, 2014
IRDA wants Gramin Banks to distribute micro insurance policies
The insurance regulator has proposed that self-help groups and non-government organizations be allowed to carry out micro insurance distribution business.
by Team Cafemutual Feb 4, 2014
General insurers witness a 13 percent growth in new business premium collection
Private non-life players register 17% growth while public players witness 10% growth in new business premium collection.
by Team Cafemutual Feb 1, 2014
