Amongst the private sector players, the ICICI Lombard topped charts with a total underwritten premium of Rs.1,010 crores. Bajaj Allianz and HDFC Ergo General mobilised Rs.590 crores (Rs.598 crores) and…
Met Loan and Life Suraksha (MLLS) is a single premium plan covering the loan liability of a customer as launched by the Karnataka Bank and PNB Met Life. Another app…
Time limit for filing Returns under Regulation 21 of IRDAI (Insurance Surveyors and Loss Assessors) Regulations, 2015 Attention is drawn to the provisions of IRDAI (IIISLA) Regulations, 2015 wherein insurers…
Sonjai Kumar is a Risk Professional with 24 years of experience in Life Insurance Sector focusing on Insurance, Risk and Actuarial. He is currently working at Aviva India Life Insurance…
In the first quarter of the current year, Edelweiss Tokio Life Insurance Company reported the premium income increased by 35% and it is expected to increase more in this run…
Recently in a letter to the chiefs of PSU non-life insurers by the Department of Financial Services, it was mentioned that “It has been brought to the notice of this…
To All the Life Insurers, Re: Modification to Guidelines on Point of Sales (POS) – Life Insurance Products Reference is invited to - Section 2 (i) – ‘Categories of…
SBI Life Insurance's bancassurance sales rose at a compounded annual growth rate (CAGR) of 46.7% from Rs 1,944 crores in FY2015 to Rs 4,185 crores in FY2017, as compared with…
The insurance scheme “Pradhan Mantri Fasal Bima Yojana (PMFBY)” insists that insurance firms offering agricultural insurance have to have offices at block levels, whereas, such penetration is non-existent in most…
An expert panel as appointed by the IRDA has recommended moving to the Risk Based Capital (RBC) Method to fix the solvency ratio of insurers as the present system “is…