Insurance

New business opportunity for MFDs in NPS distribution

MFDs can become pension agent without appearing for any examination.

by Nishant PatnaikJun 18, 2024

CAMS Insurance Repository launches Bima Central

Bima Central allows users to manage life, health, and motor policies through their secure e-Insurance Account (eIA).

by Team Cafemutual Jun 18, 2024

Life insurance premium will be uniform across distribution channels

The premium amount of a life insurance policy will be similar for insurance brokers, banks and agents.

by Nishant PatnaikJun 13, 2024

LIC, SBI and HDFC: Top three life insurers in terms of profits in FY 2024

HDFC Life saw the highest increase in its profitability in absolute terms.

by Muzammil BagdadiJun 12, 2024

General insurers cannot reject claims in absence of documents: IRDAI

In motor insurance, all insurers will have to give ‘pay as you drive’ as default option.

by Nishant PatnaikJun 11, 2024

HDFC Life crosses AUM of Rs.3 lakh crore

The company has 33% exposure to equity.

by Team Cafemutual Jun 8, 2024

Sameer Bansal is the new MD & CEO of PNB MetLife

He was the Chief Distribution Officer of the company.

by Team Cafemutual Jun 7, 2024

Agents/intermediaries should be trained for better policy servicing: IRDAI

IRDAI has instructed insurers to train their agents, intermediaries and sales force on the new health insurance guidelines.

by Nishant PatnaikJun 3, 2024

IRDAI acts against fraudulent tele callers

Insurers and intermediary cannot make promotional calls through 10-digit mobile number.

by Team Cafemutual May 31, 2024

5 major developments in health policies that you should be aware of

Knowing these changes can make your sales pitch easier.

by Nishant PatnaikMay 31, 2024

IRDAI makes health policies more customer friendly

Now, policyholders will have a choice to utilize no claim bonus in the form of reduced premium or increased sum insured.

by Nishant PatnaikMay 30, 2024

IRDAI appoints Satyajit Tripathy as Member - Distribution

Tripathy will be the Member of IRDAI till 2026.

by Team Cafemutual May 26, 2024

IRDAI likely to do away with the upfront commission of life insurance agents

IRDAI is reportedly looking at levelling commission structure throughout the policy term to improve persistency.

by Nishant PatnaikMay 20, 2024

No discrimination between agents based on their size for payment of commission: IRDAI

IRDAI said that insurers cannot discriminate between agents based on their size or bargaining power to pay commission.

by Nishant PatnaikMay 19, 2024

IRDAI issues guidelines for rural, social sector and motor third party obligations

All life and general insurers are required to have a minimum specified number of policies in rural, social sector and motor third party segments.

by Kushan ShahMay 19, 2024

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