Insurance Industry is far away from creating true customer delight
Getting the distribution model right is the critical issue for the life insurance companies, feels MD & CEO of IndiaFirst Life Insurance, P Nandagopal.
IRDA NEWS:Life insurance products may be missed out from October
The Insurance Regulatory and Development Authority (IRDA) has asked all life insurance companies to refile all existing products according to its new product design guidelines. As a result, from October…
Finance Minister asks LIC to attract younger customers
The Finance Ministry has asked LIC to devise a strategy with a view to focus on young people so that the average age of policy holders can be brought down…
In five years, life insurance will become a pull product
The insurance industry has seen a lot of changes over the past few years in terms of products, processes and even the way the industry interfaces with customers. In an…
Club mediclaim with accident insurance for total coverage
When we talk about insurance, we normally associate it with life insurance. It has captured a huge mindshare due to the saturation coverage that the media has given it. Of…
IRDA NEWS:IRDA seeks to bring parity among products of various life insurers
The Insurance Regulatory and Development Authority (IRDA) will come out with product designing guidelines for life insurance companies within a month.
Life insurance: it’s time to lead with accountability
It would be worth a management institute’s case study to find why and how some of the companies backed by global insurance giants have incurred huge losses. When the life…
‘Insurance industry enters adolescent age’ – IRDA Chairman J Harinarayan
Increasing number of mis-selling complaints against the life insurance companies has compelled the insurance regulator to take a tough stance. “Now industry has become adolescent. Some discipline is required,†J…
Know your rights as an insurance buyer
Lif insurance is the favourite investment option for millions of Indians but very few of them know about their rights as policyholders. A 2011 survey by NCAER shows abysmal level…
SBI Life Insurance gets award for top Indian Public Sector Enterprise
SBI Life Insurance Company Ltd has been awarded the ‘Top Indian Public Sector Enterprise’ under insurance sector in the PSU Awards 2012 by Dun & Bradstreet.