UNCLAIMED AMOUNT OF POLICYHOLDERS IS NOT THE HIDDEN FORTUNE OF INSURERS
The unclaimed amount is common in insurance sector and over a period of time amounts have accumulated as unclaimed which Read more
policyholders
Insurers may have to lower agent commission for certain products
Insurers may soon have to lower commissions to insurance agents in certain product categories, such as participating products even as Read more
Health Insurance Regulation in India
Pre regulation market The Indian Parliament passed The General Insurance Business (Nationalization) Act in the year 1972 and consequently, General Read more
Database to prevent insurance fraudulent claims
The Life Insurance Council, an apex industry body of life insurance companies, is planning to put in place a Read more
IRDA dwindle distributors commissions
The Insurance regulator under the proposed new rules has decided to reduce the commissions that take a big bite Read more
Why the insurance Bill matters to you
Policyholders will be affected by changes in agent commissions and in their appointments Last week, after heated debate, Parliament Read more
LIC eyes Rs.31,000 cr first premium
Life Insurance Corporation of India (LIC) is looking to collect at least Rs.31,000 crore as first year premiums from Read more
Tax concessions for life insurance sector likely in budget
Life insurance policyholders can look forward to more tax concessions as finance ministry is considering a proposal to do away with service tax on first premium and create separate exemption limit for pension schemes in the upcoming budget. Read more
Investment, not protection motive behind life insurance
Life insurance has a sole motive of securing the financial goals of a family in case the bread earner fails to do so due to some unfortunate event. The life cover provided by a life insurance policy comes in handy when the policyholder is not around and the family needs to continue their lives. Read more
INSURANCE INFORMATION BUREAU (IIB)
Insurance Information Bureau (IIB) was formed in October 2009 with the objective of facilitating in the efficient functioning of the insurance sector as well as for the protection of the interests of the policyholders by providing reliable, timely and accurate information on the industry. Read more