IRDA launches Insurance Repository service
Finance Minister P Chidambaram has inaugurated the IR service by handing over an electronic Insurance Account (eIA) to a policyholder.
by Team Cafemutual Sep 17, 2013
Health, motor insurance drive non-life business
The market share of private players in non-life business increases to 45% in the first quarter.
by Nishant Patnaik Sep 16, 2013
Non-life insurers witness a healthy growth of 17 percent in premium collection
Religare registers a robust growth of 740% in its new business premium collection for the period April-July 2013.
by Team Cafemutual Sep 13, 2013
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
