Close to 700 delegates from 20 countries have registered for the 14th India Virtual Rendezvous to be held online for the very first time on 20-22 January.
The past year has made a significant impact on how individuals engage with one another across industries. Physical distancing measures have transformed traditionally performed activities, with several companies resorting to remote working for most of their employees. V. Viswanand, Deputy Managing Director, Max Life Insurance, shares in this article how it has affected insurance distribution and reimagines advisers' role to align with the future of life insurance distribution in India.
The IRDAI has formed a panel of experts to examine the availability of health insurance products in the country in light of the needs of society and to recommend suitable products and processes.
Indian consumers now use digital platforms extensively and prefer to purchase insurance through them according to a new survey by Swiss Re.
Max Life Insurance, a private life player in India has extended its 'protect a smile' initiative for another year, through which it will fund one year's educational expenses of underprivileged children for every death claim it settles for its term insurance plans in the current financial year.
Future Generali India, a private non-life insurer, has teamed up with 'Room to Read' an NGO that helps underprivileged children to improve literacy and inculcate the habit of reading.
The government may remove several procedural impediments in attracting foreign direct investment (FDI), and allow up to a 74% overseas stake in the insurance sector, two officials close to the development said.
The COVID-19 pandemic has brought about huge awareness in the Indian market of the need and benefits of protection plans, and the life insurance industry must take advantage of this, said speakers at webinar organised last week by the National Insurance Academy.
PolicyX.com, one of India's leading online insurance web aggregators, has launched the country's first insurance price index which will allow users to have a transparent and better view of insurance prices by observing the shifts and trends in premium prices.
Insurance Regulatory and Development Authority of India (IRDAI) has announced a standard home insurance policy which will be offered by all general insurers from 1 April 2021.