News From Press Irdai sets up panel to increase banks' participation in selling insurance products

Irdai sets up panel to increase banks' participation in selling insurance products

Source: ET Nov 2, 2023

Regulator Irdai has set up a high-level panel to suggest steps to increase the participation of banks for easy availability of insurance products across the country. Despite the large network of banks through their branches across the length and breadth of the country, the contribution of the lenders as corporate agents was 5.93 per cent of non-life premiums and 17.44 per cent of new business premiums for life insurance in 2022-23.

Click here for more

Like what you are reading?

Login to get instant access to this article and many other such articles on business development, success stories and industry updates.

Don't worry ... it's FREE!

Have a query or a doubt?
Need a clarification or more information on an issue?
Cafemutual welcomes all mutual fund and insurance related questions. So write in to us at newsdesk@cafemutual.com

Latest Articles

Can energy-focused mutual funds power up your investment portfolio?

Mutual fund NAVs of most thematic, sectoral NFOs below issue prices: What should investors do now?

RBI set to cut rates soon: Which debt mutual fund should you invest in now?

7 mutual fund NFO’s will open for subscription this week

Demand for super top-up health insurance plans rises after Covid pandemic

Your Questions Answered: I’m looking to invest in Silver ETFs — What could be the pros & cons?

Domestic mutual funds hold the match to GIFT IFSC's listing fire

Valuations in Indian markets have become reasonable: Mirae's CIO Surana

Mutual funds take a hit but still 80% of equity funds fare better than the benchmarks

RBI nod for Central Bank of India’s insurance foray in JV with Future Generali

Click to clap

Disclaimer: Cafemutual is an industry platform of mutual fund professionals. Our visitors are requested to maintain the decorum of the platform when expressing their thoughts and commenting on articles. Viewers are advised to refrain from making defamatory allegations against individuals. Those making abusive language or defamatory allegations will be blocked from accessing the web site.

0 Comment

Be the first to comment.

More than 2,07,000 of your industry peers are staying on top of their game by receiving daily tips, ideas and articles on growth strategies. Join them and stay updated by subscribing to Cafemutual newsletters.

Fill in the below details or write to newsdesk@cafemutual.com and subscribe to Cafemutual Newsletter now.

POLL

MORE POLLS

As regards Portfolio Management Services (PMS), what is your status

Actively selling PMS

Not selling PMS but considering it seriously

Not selling PMS and not considering it either

EVENTS FORUMS