The Insurance Regulatory and Development Authority (IRDA)—in its draft norms for traditional products—has proposed an increase in  agents’ commissions and a reduction in surrender value of policies. Surrender value the amount…
Axis Bank, India’s third largest private bank today announced the signing of a strategic agreement with Tata AIG General Insurance as its Corporate Agent for General Insurance.
Private health insurer Max Bupa recently launched a new scheme -- Health Assurance -- offering a combination of three benefits, which  will cover critical illness, personal accident and hospital cash.…
The Credit Suisse Research Institute recently released its third annual Global Wealth Report 2012, which finds that from mid-2011 to mid-2012 aggregate global household wealth fell by 5.2% in current…
Health insurers in India may not be feeling quite well after the Insurance Regulatory and Development Authority (IRDA) proposed a host of measures in its draft guidelines to improve customer…
The insurance regulator has come put with a revised set of draft regulations on bancassurance tie-ups. Bancassurance refers to  the arrangement through which banks sells insurance products. The Insurance Regulatory…
Governor K Rosaiah has said that insurance offers a significant support system to the economy, providing individuals and enterprises  financial security against unforeseen losses. Launching the insurance literacy programme in…
Close to 5,000 insurance agents in the city are up in arms against what they call a draconian step by the central finance ministry to cut their commission to 5%.
India's proposal to allow more foreign investment in its $41 billion insurance business provides a lifeline for an industry starved  of capital and squeezed by regulation - but it may…
Mis-selling of insurance policies and delay in claim settlements top the list of 2,341 complaints lodged by aggrieved customers with the  Chandigarh Insurance Ombudsman. "We have received maximum complaints against…