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Irda caps commission on limited tenure policies
The insurance regulator has capped the agents’ commission paid by insurers for selling policies with limited premium payment tenure. The Insurance Regulatory and Development Authority (Irda) said commission paid by insurers to agents selling policies with limited paying tenure should be 10-25 per cent of the first-year premium. The regulator specified the rate of renewal commission for such plans,

Q&A: Life insurance

I am 27 and run my own travel agency. I am out of India most of the time and frequent five to six countries almost every month. What kind of cover is advisable for me? Also, if any mishap occurs, will

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At a premium?

New York Life last month exited its decade-long life insurance partnership with Max India by selling its 26 per cent stake to Mitsui Sumitomo for Rs 2,731 crore. Investors in quite a few other life

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Irda bans products with highest NAV guaranteed
The Insurance Regulatory and Development Authority (Irda) has asked life insurers to stop selling highest net asset value (NAV)-guaranteed products.

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These Indian savers feel cheated

The Indian saver has a plethora of choices. If he wants a loan, hundreds of banks and finance companies will give it to him. To grow his wealth, he has mutual funds or pushy insurance agents. The

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Debashis Basu: Stories from Indian savers

The Indian saver has a plethora of choices. If he wants a loan, hundreds of banks and finance companies will give it to him. To grow his wealth, he has mutual funds or pushy insurance agents. The

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