Page 8 - Insurers

Insurers stay on sidelines as Mutual Funds step up purchase of shares

Insurers bought shares worth Rs 42,000 cr in 2019, while MFs spent Rs 53,000 cr

Centre initiates process to appoint two full-time members on Irdai board

Both the appointments shall be made by the central govt on the recommendations of the Financial Sector Regulatory Appointment Search Committee.

Insurers reward customers for good behaviour, offer differential pricing

Insurers are offering differential pricing, based on buying behaviour only at Policybazaar.com

Mandatory listing of insurance firms on hold

Several companies have approached the finance ministry to discourage Irdai from making the plan operational

Insurers' new customer watch tool

They are increasingly usingg data analytics to identify client profiles & behaviour, to cross-sell and identify more products to offer

Insurers strive to meet e-policy deadline

Firms, repositories have to give e-document to customers by October 1; transition will be smooth, they claim