IRDA tightens advertisement norms for ‘combination products’ of insurance companies
Also asks insurers to ensure that advertisement leaflets used by agents/intermediaries are in compliance with the new guidelines.
by Team Cafemutual Sep 12, 2013
IRDA finds fault with HDFC Standard Life for discriminating between policyholders
The insurance regulator has also warned HDFC against changing terms and conditions without prior approval.
by Team Cafemutual Sep 6, 2013
IRDA allows insurance companies to use Common Service Centres (CSCs) for distribution
Insurers need to design new products for using this channel.
by Team Cafemutual Sep 6, 2013
IRDA proposes strict trade logo guidelines
In a draft exposure, the regulator has sought to put in place prudent risk management practices on the usage of trade logos.
by Team Cafemutual Sep 4, 2013
IRDA issues licenses of insurance repository to 5 entities
The licenses are valid upto July 31, 2014.
by Team Cafemutual Sep 4, 2013
IRDA defends itself against IMF and World Bank charges
The Detailed Assessment Report (DAR) was jointly made by the World Bank and the International Monetary Fund (IMF) on adherence to the insurance core principles in India.
by Team Cafemutual Aug 30, 2013
IRDA imposes a fine of Rs 2 lakh on Future Generali India Life Insurance
The insurer paid excess commission of Rs 8.31 lakh to its corporate agents during FY09-10.
by Team Cafemutual Aug 28, 2013
IRDA toughens telemarketing norms for advisers
Any person involved in sending of commercial communication has to register with TRAI as a telemarketer.
by Team Cafemutual Aug 27, 2013
IRDA slaps a fine of Rs 3.10 crore on Bajaj Allianz Life Insurance
Of the 34 allegations leveled against the insurer, the insurance regulator has imposed fines for 11 charges.
by Team Cafemutual Aug 23, 2013
Competition, commission disclosure improve quality of advice: Harvard Business School Study
The study also claims that only 9% of life insurance agents give suitable advice to their clients.
by Team Cafemutual Aug 21, 2013
Don’t betray the trust of policy holders, says Rajiv Takru
Nobody reads the policy document carefully, hence, it is a duty of agents and insurance companies to apprise policyholders of such implicit clauses, said Rajiv.
by Team Cafemutual Aug 17, 2013
IRDA to allow functioning of insurance repositories soon
Official announcement to be made within a month.
by Nishant Patnaik Aug 16, 2013
Vijayan urges insurers to target youngistan
Two crore young professionals entered the Indian job market; the insurance companies should target this huge work force.
by Team Cafemutual Aug 16, 2013
IRDA allows banks to act as insurance brokers
Now banks can sell insurance products of five companies.
by Team Cafemutual Aug 13, 2013
IRDA allows policyholders the option to opt out of ECS
No charge or fee chargeable on such withdrawal from ECS.
by Team Cafemutual Aug 9, 2013
