Over one year after it was launched, the New Pension Scheme (NPS) for citizens has not succeeded and the main reasons identified are lack of publicity and the absence of a selling network.
The new Chairman of Pension Fund Regulatory and Development Authority (PFRDA), Mr Yogesh Agarwal says, “An immediate task before the PFRDA is to expand the distribution network of the NPS so that it is available within the easy reach of all citizens.” Does this mean that insurance agents may have an additional opportunity coming their way? K Nitya Kalyani explores.

Referral arrangements IRDA drafts new regulation Insurance Regulatory and Development Authority (IRDA) is proposing new regulations for referral providers for insurance sales. It has released an exposure draft of the new regulations on its web site. (See “Highlights of the draft regulations”) To be called Insurance Regulatory and Development Authority (Acquisition of Database for Distribution [...]

developments Talking Health Insurance Two segments of General insurance that are showing the highest growth are takaful and Health insurance. Yet, for Health insurance to realise its growth potential, we should not track its premium collected but value of the health delivered, said Dr K P Mishra, Director, National Insurance Academy (NIA,) Pune. Mr Mishra [...]