Service tax applicable on IRDA services from Jan 1
Now, insurers, agents and brokers have to pay service tax on the services such as registration, licenses from IRDA
by Team Cafemutual Jan 6, 2014
Penetration and density of insurance industry shrinks
Life insurance sector witnessed decline in its penetration and density while non-life saw a marginal growth.
by Team Cafemutual Jan 6, 2014
Complaints against life insurers for unfair business practice go up by 67 percent
However, complaints for proposal processing and policy servicing declined by 52% and 9% respectively.
by Nishant Patnaik Dec 31, 2013
Finance ministry asks public sector banks to become insurance brokers
The move is expected to increase insurance penetration in India.
by Team Cafemutual Dec 27, 2013
Kotak MF to give students lessons in investing
Kotak MF plans to reach out to students in schools under its investor awareness program.
by Nishant Patnaik Dec 21, 2013
General insurers witness 13 percent growth in premium collection in Nov, lowest since April 2013
Private non-life players register 18% growth while public players witness 10% growth in new business premium collection.
by Team Cafemutual Dec 20, 2013
Insurers want leeway in investments in order to compete with mutual funds
Rajiv Takru, Secretary (Financial Services), Ministry of Finance has assured that the ministry would consider taking up the matter with the Insurance Advisory Committee of IRDA.
by Nishant Patnaik Dec 16, 2013
SBI Life launches Flexi Smart Plus
The plan offers partial withdrawal facility from sixth year.
by Team Cafemutual Dec 16, 2013
IRDA asks insurers to magnify font size in policy documents
Policy documents to be now available in regional languages.
by Team Cafemutual Dec 12, 2013
Corporate agency license of banks will not be renewed, says Rajiv Takru
Now, banks who wish to sell insurance policies will have to take insurance broking license.
by Nishant Patnaik Dec 12, 2013
Motor and health account for 64 percent of market share in non-life business
The market share of private players in non-life business increases to 43% in the first half of FY 2013-14.
by Team Cafemutual Dec 9, 2013
IRDA imposes Rs 35 lakh fine on IIFL Insurance Broker
The regulator has temporarily rejected their renewal application and said renewal was possible only after payment of penalty.
by Team Cafemutual Dec 6, 2013
Indian Pension Fund Congress 2013
Delegates walk away with insights and knowledge on innovation in pension funds.
by Nishant Patnaik Dec 2, 2013
LIC to launch online term policy
In addition, LIC will launch 15 traditional plans
by Team Cafemutual Nov 29, 2013
IRDA to take use-and-file route for product approval
The process will expedite introduction of new products in the market, says Vijayan
by Team Cafemutual Nov 28, 2013
