Bancassurance

Today's editorials and columns look at the world through the lens of relationships, and how they don't always turn out as intended

The company currently has over 70 partners in the bancassurance business, including state-owned banks, private banks, and non-banking finance companies

It could shave off 15-30% of banks' fee income that they earn by selling insurance

Last week, reports suggested that Irdai is likely to bring in regulations to limit the overdependence of life insurance companies on their parent banks for business sources through bank channels

According to the latest data, HDFC Life distributes 65 per cent of its insurance policies through banking channels, followed by SBI Life (60 per cent), Max Life (52 per cent), and ICICI Prudential

Rely on a fee-based advisor instead of bank relationship manager for investment advice

ABHICL has more than 200 branches, with a diversified presence in over 4800 cities spread across the length and breadth of the country

We firmly believe that once the market stabilises, our inherent strength and performance will be recognised

We will ramp up digital channels and make tactical tweaks on equity investments to please policyholders, said M R Kumar

Private sector general insurer ICICI Lombard General Insurance Company Ltd said it has entered into a bancassurance tie-up with Yes Bank for selling its insurance products

CARE Ratings, in a note, said growth could potentially return in Q2 or Q3 and distribution channels could see significant realignment, with digital sales rising at the cost of individual agents

With the spread of coronavirus and the subsequent lockdown imposed by the government, LIC saw its new business premium (NBP) fall 31 per cent year-on-year (YoY) in March

This, especially after LIC signed an agreement with Axis Bank as its bancassurance partner last week