Showing posts with label Insurance Agents. Show all posts
Showing posts with label Insurance Agents. Show all posts

Indian Life insurance industry adds 1,900 new agents in April 2020 despite Lockdown woes

Indian Life insurance industry adds  1,900 new agents in April 2020 despite  Lockdown woes
Indian Life insurance industry adds 1,900 new agents in April 2020 despite  Lockdown woes In 2019-20, the Indian life insurance industry added 7,500 new agents each month on an average. The nationwide lockdown has affected recruitment of new agents in the insurance industry.…
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Ccovid-19 Lockdown: LIC of India to pay Rs.50,000 Advance Commission to 6.5 lakh Insurance Agents

Ccovid-19 Lockdown:  LIC of India to pay Rs.50,000 Advance Commission to 6.5 lakh  Insurance Agents
Ccovid-19 Lockdown:   LIC of India to pay Rs.50,000 Advance Commission  to 6.5 lakh  Insurance Agents In a bid to ease the ardships faced by life insurance agents during covid-19 lockdown, the country’s largest life insurance company, LIC of India has decided to disburse advan…
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SBI Life Insurance : 1, 74, 651 trained insurance professionals

SBI Life Insurance : 1, 74, 651 trained insurance professionals
SBI Life Insurance registers New Business Premium collection of Rs. 9470 crore for the nine months ended December 31, 2018, growing a healthy 32% vis-à-vis the same period last year SBI Life Insurance, one of the leading life insurers in the country registered an increas…
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From April 2017 More commissions for Life Lnsurance Agents

From April 2017 More commissions for Life Lnsurance Agents
From April 2017 More commissions for Life Lnsurance Agents The much awaited regulation on LIFE insurance distributor commissions is finally out. So, get ready to pay more to your insurance agent from April. For life insurance, other than new commission limits, extra payments…
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Lic of India loses 3 lac agents in 6 years

Lic of India loses 3 lac agents in 6 years
Lic of India  loses  0.3 million  insurance agents  in 6 years As on September 2016
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Shree Samarth Financial Services - SSFS - Vile Parle (East), BOMBAY

Shree Samarth Financial Services -  SSFS About SSFS Shree Samarth Financial Services (SSFS) helps individuals to achieve their personal, professional, and financial goals. SSFS provides comprehensive financial plan and helps in its implementation, monitoring and tracking.  Comp…
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Indian Insurance industry saw agent attrition in 2015

Indian Insurance industry saw agent attrition in 2015
Indian Insurance industry saw agent attrition in 2015..! LIC of India Total Insurance Agents 10.77 lacs in 2015 December
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Blame the Insurance Product design; not the Agent..!

Blame the Insurance Product design; not the Agent..!
by Mr. Kapil Mehta, SecureNow Insurance Broker Pvt.  I would not like to be an insurance agent. Research regularly reconfirms that it is one of the most looked-down upon professions in the US, Australia, the UK, most of Asia and India. A Gallup Inc. poll conducted in the US …
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Mr. Sunil S Bhagat, Financial Planner, Pondicherry

Mr. Sunil S Bhagat,  Financial Planner, Pondicherry
Mr. Sunil S Bhagat,   Financial Planner,  Pondicherry Dream N Realise - Financial Services 108, Papammal Kovil Street, Kuruchikuppam,  Pondicherry - 605 012 E-Mail id: s_sunil_bhagat@hotmail.com Landline: 0413 - 222 7062 Mobile no : +91-93452 53418, 76677 53418 Web Site ; http://www.…
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Ms. Nithya Balakrishnan, Financial Advisor, Pondicherry

Ms. Nithya Balakrishnan, Financial Advisor, Pondicherry
Ms. Nithya Balakrishnan Kotak Life Insurance, Pondicherry Financial Advisor for Investments such as Mutual funds (MFs), Life Insurance, Health Insurance, Pan Card, Income Tax Consultant.  For investment Assistance Contact at  99941 90618
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Insurance Firms to Face Rs. 1 cr Penalty for Violations by Agents..!

Insurance Firms to Face Rs. 1 cr Penalty for Violations by Agents..!
The Insurance Regulatory and Development Authority of India (IRDAI) on recently said an insurnce company would be responsible for all acts & omissions of its agents and would be liable to a penalty of up to Rs. 1 crore. Issuing guidelines for appointment of insurance agen…
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What Insurance Agents Do not Tell You..!

What Insurance Agents Do not Tell You..!
What I nsurance A gents D o n o t T ell Y ou ..! by Mr. NAVEEN KUKREJA , Policybazaar.com Do your homework before signing up for an Insurance policy I nsurance agents have been an irreplaceable part of the insurance purchase process since time immemorial. And in most cases, instead of re…
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Life Insurance : LIC 11.72 lakh Agents, 29.5 Crore Policies

Life Insurance : LIC 11.72 lakh  Agents, 29.5 Crore Policies
Total assets under management for  all life insurers Rs. 30 lakh crore LIC Manages -  Rs. 26 lakh crore. Others                Rs. 4 lakh crore Field Agents * Name of Insurer   Number of Agents  No. of Policies                                                                in For…
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Since New ULIP Norms : 8 Lakh Insurance Agents Lose Job

Since New ULIP Norms : 8 Lakh Insurance Agents Lose Job
It is more than 3 years since the unit-linked insurance plan (ULIP) regulations were introduced. But, a majority of agents have still not been able to adjust to selling traditional plans. Falling remuneration has aggravated the problem further leading to a termination of ab…
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New Insurance Norms: Cap on Commissions may force 25% of the Agents..

The new rules for traditional insurance policies aim to reduce policy holder cost,  increase investment returns, and raise payout after death. But, a cap on commissions may force 25% of the agents (intermediaries), who play a big part in the industry’s growth, quit the busi…
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