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Allow banks to sell policies of 5 cos: Life Insurance Council

Life Insurance Council (LIC), an industry association, has suggested that a bank should be allowed to sell products of five different insurers.

IRDA to come up with final 'bancassurance' guidelines in Feb

Insurance regulator IRDA is likely to come up with 'Bancassurance' guidelines by the first week of February, Chairman J Hari Narayan said Friday.

RBI asks banks to disclose bancassurance fees

The Reserve Bank of India (RBI) on Thursday said banks need to disclose the remuneration or fees earned from bancassurance business in the notes segment in their balance sheet.