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The oldest BSE exchange in Asia and its JV affiliate Ebix are set to start their insurance distribution business
The oldest BSE exchange in Asia and its JV affiliate Ebix are set to start their insurance distribution business coming month. The company, called BSE-Ebix Insurance Broking, would allow the sale of life and non-life insurance products through distribution channels, wealth management advisors, an...
Hero Insurance Broking fined by Irdai for damages
According to the Insurance Regulatory and Development Authority of India, it has gotten complaints from policyholders over how some of the motor insurance service providers backed by insurers and insurance intermediaries were pressuring their customers to buy motor insurance policies of the insur...
Irdai has charged Hero Insurance Broking for damaging standards
Irdai said it got grievances from policyholders that a portion of the engine protection specialist organizations (MISPs) supported by safety net providers, and protection go-betweens were driving clients to purchase engine protection arrangements of the backup plans who are on their board. In its...
How can a policyholder benifit from the new guidelines of Irdai?
On Monday, India's Insurance Regulatory and Development Authority (Irdai) released a draft exposure reviewing the motor-owned damage cover product structure. Of all, the main suggestions involve simplifying the measurement of depreciation and insured amounts, rationalizing and renaming the Ge...