Insurance Agents

Pvt life insurers mull new model for commission for distributor channels

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

Budget 2024 proposes lower TDS for insurance commission, bonus payment

'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'

Slash GST on health insurance to 5% from 18%: Trade body to govt

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

Insurance brokers urge Irdai to allow them to appoint 'Bima Vahaks'

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

IRDAI constitutes taskforce to review existing Bancassurance framework

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

Purchase policy only from an established insurance agent for good service

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

Irdai draft norms do away with specific caps on commissions to agents

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

New rules from Sept 1 2022: LPG prices, expressway toll taxes and more

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

Irdai may offer more flexibility to insurers in corporate agency tie-ups

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

Life insurance industry to recover in next quarter, says CARE Ratings

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

At 10:1, life insurance agents outmatch mutual fund distributors

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

LIC ADO Main Result 2019 released on licindia.in: Steps to download

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

Life insurance: Don't depend blindly on the agent, look at your needs

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

An insurance agent for high net-worth individuals can pay you richly

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

Agent changing insurer can leave you in the lurch

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

Insurance Information Bureau plans central data base of insurance agents

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

Transparency wave now covers insurance agents

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

Insurance agents crashing out

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