IRDA renews licenses of 247 insurance brokers
Insurance regulator has rejected application of 37 insurance brokers.
by Nishant Patnaik Jun 13, 2013
Motor insurance drives non-life business
Some insurers and insurance advisors feel that the loss ratios of motor insurance policies are still too high.
by Nishant Patnaik Jun 5, 2013
The new financial year starts off well for private life insurers
However, fall in individual business continues.
by Nishant Patnaik Jun 4, 2013
Roy appointed as LIC MD: media reports
Thomas Mathew will hold the charge of interim Chairman till June 30.
by Team Cafemutual Jun 2, 2013
IRDA reduces passing mark of pre-recruitment exam to 35 percent
Measure intended to attract more advisors to insurance.
by Team Cafemutual Jun 1, 2013
IRDA tightens maintenance of client records by agents and insurers
IRDA specifics the duration for which agents and insurers have to maintain client records.
by Nishant Patnaik May 28, 2013
Non-life Insurance companies to hit market with unique products
However, insurance advisors feel that it would be difficult to sell these products due to lack of awareness.
by Nishant Patnaik May 27, 2013
IRDA issues guidelines for opening new branches overseas
The insurance regulator has asked the companies to comply with the host country’s solvency requirements, FEMA, KYC and Anti Money Laundering (AML) guidelines.
by Team Cafemutual May 24, 2013
Life insurance standard proposal form – A primer
It will be mandatory for all life insurance companies, agents, insurance brokers and bancassurance to fill in the standard proposal form from October 15
by Nishant Patnaik May 19, 2013
Committee on insurance broking regulation recommends sweeping changes
Banks to be allowed to become insurance broker, recommends the committee.
by Nishant Patnaik May 11, 2013
IRDA issues a guidance note on preparation of investment returns
Industry experts have opined that the regulator might be trying to streamline the reporting system.
by Nishant Patnaik May 9, 2013
IRDA, Fin Ministry seek clarification from insurers and banks
IRDA said that it has seen various reports appearing in the media on the alleged violations of the KYC and AML guidelines by some insurance companies.
by Nishant Patnaik May 7, 2013
Life insurance coverage improves even as premium collections dip
IRDA data shows that the number of insured lives under group scheme is 7.8 crore against 6.5 crore in the corresponding period last year.
by Nishant Patnaik May 6, 2013
Non-life insurers register 19 percent growth in financial year 2012-13
Experts said the growth is driven by increase in health insurance penetration across B-15 cities.
by Team Cafemutual May 3, 2013
Life insurance premium collections decline by 6.3 percent
Experts attributed the decline to slow economic growth and high inflation rate. However, they are optimistic of recovery within 6 months.
by Nishant Patnaik May 2, 2013
