Upfront commissions on life insurance policies will be reduced following an agreement between assistant treasurer Kelly O'Dwyer and members of the life insurance industry on Friday. Upfront ...

Flexibility in a life insurance policy is a great benefit for customers. It’s a big reason why the wide range of universal life products have been so popular. Drew Gurley However, flexibility in ...

India's 15 leading banks earned a staggering Rs 21,773 crore in commissions during FY24 alone, primarily from selling life insurance, mutual funds and other financial products, many of which ...

As promised by PM Modi on the ‘Independence Day’, the Centre cut the GST (goods and services tax) on life and health insurance from 18% to Nil and brought several other items under the two-slab tax ...

Agents or their nominees will no longer automatically be entitled to commissions for the insurance policies they sold, once they leave the insurer. The company will decide whether to pay or not ...

ASSISTANT Treasurer Josh Frydenberg has taken on board recommendations made by the financial services industry to improve life insurance, a sector the corporate supervisor believes is dogged by bad ...

IRDAI’s move to tighten control over insurance commissions is rooted in hard data that shows a widening gap between ...

PB Fintech, HDFC Life, and SBI Life shares were in focus after the government tabled the Insurance Amendment Bill giving IRDAI powers to cap distributor commissions. Nomura says the change could limit ...

The RBI has joined the finance ministry and IRDAI in raising concerns over rising insurance distribution costs, cautioning ...

Major life insurance companies such as Samsung Life Insurance and Mirae Asset Life Insurance were fined over 4.4 billion KRW for engaging in so-called 'unfair policy replacement' sales practices, ...