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'Regulator should derecognise banks as corporate agents'

Venkatachari Jagannathan, Panaji, Dec 5 : Banks should be allowed only as insurance brokers and not as agents of insurers in order to protect customer's interest, said a top official of Reliance Life Insurance Company."The IRDA (Insurance Regulatory and Development Authority) should derecognise banks as corporate agents. Banks are to be allowed only as insurance brokers and not as agents," Anup Rau,...
Source : Newkerala |
Category : Business

'Regulator should derecognise banks as corporate agents'

should be allowed only as insurance brokers and not as agents of insurers in order to protect customer's interest, said a top official of Reliance Life Insurance Company."The IRDA (Insurance Regulatory and Development Authority) should derecognise banks as corporate agents. Banks are to be allowed only as insurance brokers and not as agents," Anup Rau, chief executive officer told reporters here T...
Source : Prokerala |
Category : Business | City : National

'Regulator should derecognise banks as corporate agents'

Dec 5 (IANS) Banks should be allowed only as insurance brokers and not as agents of insurers in order to protect customer's interest, said a top official of Reliance Life Insurance Company."The IRDA (Insurance Regulatory and Development Authority) should derecognise banks as corporate agents. Banks are to be allowed only as insurance brokers and not as agents," Anup Rau, chief executive officer told...
Source : Chennaionline |
Category : Business

Max Life tech boost

Max Life Insurance is betting on technology to arrest the growing attrition of agents in the industry.The company plans to put in place an application in the tablets used by the agents in 150 of its 209 offices by the end of 2014-15 to boost new business premium.According to regulator IRDA, agents constitute about 40 per cent of the new business premium of private life insurers.However, the steady...
Source : Telegraphindia |
Category : Business | City : Mon

'Regulator should derecognise banks as corporate agents'

Banks should be allowed only as insurance brokers and not as agents of insurers in order to protect customer's interest, said a top official of Reliance Life Insurance Company."The IRDA (Insurance Regulatory and Development Authority) should derecognise banks as corporate agents. Banks are to be allowed only as insurance brokers and not as agents," Anup Rau, chief executive officer told reporters here...
Source : Headlinesindia |
Category : Business

LIC drive to recast policies

LIC is planning to redesign 12 policies by the end of this year to comply with the revised life insurance guidelines laid down by the IRDA in February.The country’s largest life insurer is facing the dual challenge of having an adequate number of policies that adhere to the revised guidelines and sufficient trained agents to sell them.The Insurance Regulatory and Development Authority (IRDA) had initially...
Source : Telegraphindia |
Category : Business | City : Mon

SBI Life Penalised

Insurance Regulatory and Development Authority (Irda) has accused SBI Life of unfairly benefiting its corporate agents in the sale of Dhanraksha Plus, a limited premium paying term policy, and asked the insurer to refund Rs 275 crore to policyholders.of unfairly benefiting its corporate agents in the sale of Dhanraksha Plus, a limited premium paying term policy, and asked the insurer to refund Rs 275...
Source : Business Today |
Category : Business

Messaging software Yapmo helps real estate agents, sellers — quietly

Yapmo messaging software has helped sellers price their houses and agents sell them without listing them in the open market.Yapmo, an internal communication program designed to replace inefficient group communications, has unexpectedly found a niche in the real estate sector. Agents are using it to help sellers price their houses and, in some cases, to sell properties before they are listed.International...
Source : Los Angeles Times |
Category : Headlines

Lack of enrollment workers hampers insurance exchange sign-ups

Delays in training enrollment counselors and insurance agents are damping health policy sales. Covered California says it's moving swiftly to address shortcomings.Helena Ruffin, a health insurance agent in Venice, put Covered California's logo on her car to promote the exchange. Ruffin said she can't get her agent log-in to work for the state's enrollment system. "We can't enroll anybody, and I have...
Source : Los Angeles Times |
Category : Business

Are DIY property selling websites safe?

I sell my home with a DIY selling website do they have to follow the same rules as a High Street estate agent?I want to sell my property but my local estate agent will charge me thousands of pounds.Using a DIY website would be cheaper but are these services safe? Do DIY selling websites have to follow the same rules as high street estate agents?The standing of online property listing websites was the...
Source : dailymail |
Category : Business