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IRDAI proposes sweeping changes to insurance distribution: Commissions, costs, mis-selling rulesThe customer-centric proposals aim to increase transparency, cut distribution costs and reduce insurer expenses.- Trouble continues: Turtlemint, PB Fintech, other insurance stocks drop up to 38% in 3 days. What are analysts saying?Insurance stocks including PB Fintech, Turtlemint, ICICI Lombard, HDFC Life and SBI Life face selling pressure as proposed IRDAI distributi...
- PB Fintech shares can rally 91% after 2-day bloodbath, says Bernstein. Here’s why it remains bullishPB Fintech shares rose 4% after Bernstein retained its Outperform rating and Rs 2,310 target price, despite the stock’s sharp fall followin...
- Insurance mis-selling is arising because upfront commissions are too high: IRDAI chairman Ajay SethIRDAI chairman Ajay Seth said insurers should pass savings from lower commissions and operating costs to policyholders through lower premiu...
- Insurance mis-selling is arising because upfront commissions are too high: Ajay Seth, Chairman, IRDAIThe benefit of cost efficiency should be passed on to customers. This entire exercise is intended to ensure that the public and policyholde...
- Offered lower interest rates on home loans and car loans when you buy insurance? It may not always come cheap; here's how IRDAI proposes to change itNew proposals by IRDAI aim to reform loan-linked insurance offerings from banks and NBFCs, ensuring transparency for borrowers. Key changes...
- PB Fintech: A record debut in 2021, a record ₹31,400 crore wipeout & now the biggest storm the Gurugram co can facePB Fintech came under heavy selling pressure after IRDAI proposed changes to insurance commissions and distribution economics. PB Fintech s...
- Explained: Why PB Fintech, Turtlemint, SBI Life, HDFC Life and other insurance stocks tanked up to 26% on ThursdayIRDAI has proposed insurance distribution reforms, including a ban on dark patterns, lower Expense of Management limits and greater commiss...
- Centre tightens e-commerce sales rules, puts ‘fake’ discounts on watchNew e-commerce rules will mandate displaying prior prices alongside discounts. Platforms must clearly identify sponsored listings and avoid...
- RBI puts curbs on banks' sale of third-party productsThe Reserve Bank of India has prohibited third-party incentives to employees of regulated entities, while allowing banks and NBFCs to rewar...
- Google Settles Android TV Case with CCI for Rs 20.24 croreGoogle has settled with the Competition Commission of India (CCI) for ₹20.24 crore over alleged antitrust violations in the Android Smart T...
- Provide insurance cover to staff travelling in employers' vehicle: Irdai tells insurersInsurance Regulatory and Development Authority of India (Irdai) further said the compulsory cover of IMT-29 should be provided as an in-bui...
- How new vehicle owners can buy, renew 1-year own damage cover with long term third-party insuranceWith the new guidelines issued by IRDAI, one will now get the flexibility to buy these two insurance covers separately, either from the sam...
- Govt to make purchase of bio-fertilisers compulsory with urea to reduce use of chemicalsA task force constituted for promoting balanced and sustainable use of chemical fertilisers has suggested bundling bio-fertiliser with urea...
- Sony cuts television prices up to 20% to spur demand during Covid-19The company has cut prices anywhere from Rs 2,000 on the smaller screen televisions going up to Rs two lakh on a flagship 85-inch model apa...
- Insurers to make available standalone 'own damage' motor policy from September 1Consequently, the issuance of bundled policies for cars and two-wheelers will not be compulsory from September 1, the Insurance Regulatory ...
- Apple wants retailers to dote on all its ‘i’sThe researcher estimates the company captured the tenth position in the smartphone rankings during the last quarter but led the premium seg...
- Pension schemes to carry health cover tooThe health cover will replace or complement the compulsory life cover that insurers have to offer.
- UTStarcom eyes 10 pc of global revenue from IndiaUTStarcom expects more deals in India and hopes to generate 10 per cent of its total global revenue from the country in the next 2-3 years.
- UTStarcom eyes 10% of global revenue from IndiaUS-based UTStarcom, which had recently bagged two IPTV deals Bharti Airtel and MTNL, expects more deals for triple-play services in India.
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