Disclose Insurance Agents Commission:IRDA
Insurance Regulator Authority of India(IRDA) has sent notification to all the insurance companies for disclosing the commission paid to agents on each policy. This rule comes into effect from 1st July, 2010. There are open debates about the commission paid to the insurance agents. IRDA standing in favor of paying high commission to the agents, [...]
Insurance Agent Commission may continue
In my previous article I have written about the proposal on removing the insurance agent commission by D Swarup, the chairman of the Pension Funds Regulatory & Development Authority (PFRDA). Also I have mentioned that agents are the key to getting the more business for the insurance companies and they are the key driving factor. [...]
Will Insurance Agents deserve those commissions?
Introduction This blog post explains about the new proposal sent to the Insurance Regulator to cut down the existing commissions paid to insurance agents and increase the sum assured for the policy holders. It is just a proposal and it looks nsurance Regulatory & Development Authority (IRDA) is not much interested in the proposal. In this [...]
