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INSURANCE DISTRIBUTION NORMS
Insurance brokers oppose IRDAI commission caps, warn of 60-70% revenue hitInsurance brokers in India are opposing commission cap proposals from the Insurance Regulatory and Development Authority of India. They war...- GST 2.0: Council to consider sweeping reforms to unlock tax credit, ease complianceIndia is set to implement significant reforms to the goods and services tax system, which will ease compliance. Changes may include the rel...
- Big insurers, bigger advantage? Smaller players flag Irdai’s new expense capsSmaller life and general insurers worry that proposed distribution reforms might benefit larger insurers disproportionately. The changes in...
- 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: 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...
- Irdai commission curbs spark sharp selloff in insurers, banks and NBFCsShares of insurers, banks, and non-banking finance companies dropped sharply following proposed commission caps by Irdai. The proposals rai...
- Can IRDAI’s insurance reforms impact NBFCs? Jefferies warns L&T Finance, Piramal Finance, others are most exposedIRDAI’s proposed insurance distribution reforms could extend beyond insurers and distributors, potentially pressuring NBFC fee income. Jeff...
- PB Fintech shares crash 36%, bloodbath wipes off Rs 31,426 cr from m-cap after IRDAI’s reform plans. What Citi and Jefferies are warningPB Fintech shares crashed 36% to a 52-week low after IRDAI proposed an overhaul of insurance distributor commissions. The proposed norms co...
- Credit, savings, insurance next frontiers in financial services: RBI DGRBI deputy governor Shirish Chandra Murmu highlighted extending digital payment success to credit and insurance. Technology must expand for...
- Should homemakers buy a term plan? Here’s why their unpaid work has real financial valueThe contributions of homemakers to household management have substantial economic significance that is now being acknowledged by life insur...
- India’s gig economy is leaving its women behind, study findsWomen remain underrepresented in India’s rapidly expanding gig economy despite near-equal access to basic bank accounts. An ILO-NCAER study...
- NBFCs: How you own them matters more than which you own; 19 NBFC stocks with upside potential ranging from 1% to 31%Like much of the Indian market, valuations in this sector are also not cheap. And when you pay a full price for a sector, the risk of getti...
- LIC sees no further government stake sale for 18-24 months, says MD; Q1 profit rises 23%The government will likely not sell more LIC shares for eighteen to twenty-four months. LIC has until 2032 to meet minimum public sharehold...
- New distribution norms to dent valuations of insurers tied to banksAs per the draft norms, banks will have to sell products of three companies, with one not exceeding 50% of the promoter company over the ne...
- Insurance Regulatory and Development Authority slaps Rs 1.77 crore fine on Reliance Life InsuranceInsurance regulator Irda has imposed a fine of Rs 1.77 crore on Reliance Life Insurance for violation of various norms including obtaining ...
- RBI extends deadline on capital norms under Basel III to March 31, 2019RBI extended the deadline for banks to implement Basel III capital planning rules by a year to March 31, 2019, due to concerns from the ind...
- Irda slaps Rs 35.3 lakh fine on India Infoline InsuranceIrda also fined the company for distributing free insurance to prospective customers, calling it "nothing but inducement."
- IRDA bars policy distribution under referral arrangementsThe Insurance Regulatory and Development Authority (Irda) has issued a diktat barring lenders from distributing policies under referral arr...
- RBI relaxes norms for UCBs to carry insurance distribution bizThe Reserve Bank on Friday relaxed norms for Urban Cooperative Banks to undertake the business of distributing insurance products as corpor...
- RRBs can now join insurance play, but can’t take any riskReserve Bank of India has come out with norms for regional rural banks (RRBs), enabling them to take up corporate agency of insurance compa...
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