Insurance Agents

Clawback, deferral, or reduction in payouts on the cards for distributors

'Rationalisation of TDS from 5% to 2% for payment of insurance commission to individual agents will ensure additional income in the hands of such individuals for payments made by the insurers'

Association says that renewal rates of the policies continue to decline due to frequent premium hikes and rising medical inflation

Bima Vahak, a part of Irdai's Bima Trinity, is a women-centric, dedicated distribution channel to sell insurance products

In order to achieve this objective and considering the interest of the policyholder, Irdai has set up a taskforce to examine the bancassurance framework

They offer good service and assist at claim stage; newbies have high turnover rates

Proposes that commissions to agents can't exceed management expense limit

New rules are introduced on September 1, Thursday 2022. Banking norms, gas cylinders, insurance premiums and property prices will be impacted. Read this detailed article to know more

Insurance regulator's board proposes limit on expenses of management for general insurers

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

There are only 220,217 MF distributors compared to 2.1 million insurance agents

Life Insurance Corporation (LIC) has released the LIC ADO Mains Result 2019 at licindia.in; steps to check

Ensure that you have a life and medical policy in place. This will safeguard your family against any eventuality and cover liabilities

It could be best if you work with HNIs buying policies with good sum assured

Insurance companies are trying to ensure that they do follow-ups to retain customers, but you need to be alert as well

Move to help individual companies in having a background check of intermediaries before engaging them

Irdai guidelines mandate they must disclose details of commissions for traditional life products

The life insurance sector has faced a challenge of agents leaving the profession