The Insurance Regulatory and Development Authority of India (IRDAI) has been commissioned to look into the role of insurance agents selling life insurance policies. The National Consumer Dispute Redress Commission (NCDRC) has asked the insurance regulator to issue new guidelines on insurance agent conduct and responsibilities.
Who are we ? LV, or Liverpool Victoria, was founded in 1843 when it sold only simple life insurance policies known as “penny policies”. Over the next two centuries, the insurer grew significantly and added home, travel, pet and auto insurance to its product line. The provider also offers investment products, pensions and annuities, and […]
13 key facts about black Americans who are increasingly buying life insurance policies, more than other racial groups
For years, black Americans lagged behind whites in the amount of money they had in life insurance, in part because of decades of ride-based pricing in which blacks were more accused. However, that is changing. The 2021 Insurance Barometer study, which tracks the perceptions, attitudes and behavior of adult American consumers, found that 56% of […]
Insurance brokers have spoken out against the practice of banks soliciting insurance policies for sums insured above Rs 5 crore, in breach of guidelines issued by the insurance regulator. Banks, who work as corporate agents of insurance companies, are permitted to solicit insurance cover only for policies where the sum insured does not exceed Rs […]