Pramerica Life Insurance appoints Kalpana Sampat as new MD & CEO
Pramerica Life Insurance has recently appointed Kalpana Sampat as the Managing Director & CEO of the JV company. Prior to Read more
CEO
IRDAI caps CEOs salary at Rs 1.5 cr from policyholders’ fund
IRDAI has put a cap of Rs 1.5 crore on the annual salary of Chief Executive, which could be paid Read more
LIC has best claim settlement of more than 98%
According to the IRDAI’s annual report for 2014-15, of the total 23 private life insurers, only 11 have a claim-settlement Read more
IRDAI bans life insurers from offering indemnity-based health products
The insurance regulator has banned life insurers from offering indemnity-based health products, which constitute 90 per cent of the health Read more
Online insurance broker Coverfox to sell Oriental’s Motor policies
Oriental Insurance has for the first time tied up with a private online insurance broker ‘Coverfox’ to sell its comprehensive Read more
Life Insurers’ New Premium up 27% in May
The new premium collected by life insurers rose by 26.6 per cent in May to Rs 10,610.10 crore. The insurers Read more
Reliance Life Insurance CEO Anup Rau quits
Reliance Life Insurance’s chief executive of three years, Anup Rau has quit the company, said three people familiar with the Read more
After MFs, Insurance Cos to disclose pay of MD, CEO
Close on the heels of mutual funds (MFs) disclosing remuneration of its top executives following a directive from SEBI, insurance Read more
Selling of policies via e-commerce not accepted by all
Recently, Insurance Regulatory and Development Authority of India (IRDAI) had delivered guidelines on selling and servicing of non-life insurance policies Read more
IRDAI instruct insurers not to depend on banks for selling policies
The insurance regulator has warned life companies against overdependence on banks for selling policies. Banks are now the dominant mode Read more
