The insurance marketing firm regulations were released by IRDAI i.e. Insurance Regulatory and Development Authority of India, aiming to streamline the registration and operation of Insurance Marketing Firms (IMFs). The insurance industry attracts stringent compliances to stay transparent and legitimate,…
Health insurance third-party administrators’ (TPAs) contribution to the insurance sector is unprecedented. They have, in fact, transformed the way insurance products are being promoted, sold, and processed. From solicitation to claim settlement, these professionals play an instrumental role a fostering…
The financial and insurance sectors heavily rely on brokers for various endevours like product promotion, risk assessment, specialized advisory, etc. If you want to comprehend the broker license requirements, this guide has your back as it spans all information from…
The Insurance Regulatory and Development Authority of India (IRDAI) is an apex government body that regulates insurance sectors in its entirety. From general, automobile to health insurance, every insurance vertical falls under the IRDAI’s ambit. Speaking of health insurance, IRDAI…
There is an increasing demand for professionals called surveyor loss assessors in the insurance sector. Their ever-rising demand stems from the increasing illicit activities concerning insurance claims. According to one source, the general insurance companies in India during 2016-2020 confronted…
The insurance sector has been instrumental to the nation’s success and economic growth. Accounting for over 4% of India’s GDP, the insurance sector offers budding entrepreneurs more stability and growth potential. Among all business models in this sector, IMF has…
With growing digitization and internet users, IRDAI has recognized the importance of leveraging online resources to promote, sell, and service insurance products. Consequently, the authority has joined forces with key stakeholders including M/s NSDL Database Management Limited, M/s Central, Insurance…
The world of insurance is increasingly becoming advanced and accessible to a wider audience. The Insurance Self Network Platform (ISNP) is a shining example of the ever-thriving insurance sector. ISNP is playing an instrumental role in reshaping the industry by…
The insurance sector is the cornerstone of the Indian economy. With more and more entities and people increasingly becoming aware of insurance benefits, this sector continues to touch newer heights and set new benchmarks. It also provides a promising career…
The insurance sector in India has experienced booming growth in the past few years. This growth is fueled by ever-increasing demand and awareness for diverse insurance products among the masses. Due to strict competition, running an insurance business is an…