Mandatory Training of 50 Hours for Insurance Agents Puts Pressure on Indian Insurers..

According to the agent licensing rules by the IRDA, agents have to undergo 50 hours training for basic license & 75 hours training for composite license. Further, insurance agents also have to undergo a 25 hours of practical training to renew their licence, which was va…

Share:

Read More

Life insurance policy Changes from October 1, 2013 :. Agents’ Incentives Linked to the Premium Paying Term..

Few major changes are going to happen in Indian life insurance sector from October 1, 2013, especially in traditional policies like Endowment Plans, money-back plans & even ULIP’s. You will surely have a Life Insurance Corporation (LIC) policy or / any other private sec…

Share:

Read More

Harvard Business School s Study; LIC of India Agents Likely to Recommend Less Suitable Policies..!

LIC of India agents gave correct advice in only 9 % of the time; in the other 91 % they recommend investment-linked products that are dramatically more expensive. A Harvard Business School study shows that Life Insurance Corporation of India (LIC of India) agents have an inc…

Share:

Read More

How to Check Insurance Agents IRDA License Online?

Several times life and general insurance agents are looking for the information related with their IRDA insurance license. For that, one way is to contact your insurance company, which has sponsored you. The other way is to visit the official website of IRDA and look for the…

Share:

Read More

IRDA Action: Falling Prey to Insurance Agents’ Fraudulent Practice..!

Very often, many of you may have experienced that an insurance agent is trying to impress upon you to buy an insurance policy from him, by showing you cheques which policyholders have drawn in favour of an insurance company. But have you questioned for which policies are the…

Share:

Read More

Reliance Life Insurance: Introduce Fixed Salary for Advisors

Taking cue from its Japanese partner Nippon Life's strategy, India's Reliance Life Insurance is introducing fixed salary for insurance advisors to reduce attrition & to further improve customer services. Salary Based Insurance Agent..! The Mr. Anil Ambani lead Rel…

Share:

Read More

Free Hand Book on Insurance Agent In 13 Lanaguage

What is the difference between an agent and a broker?  Can I get a discount on my premium if I go through an intermediary?  Become a smart buyer, read about all this and more in the handbook about Intermediaries. . Insurance Intermediaries Handbook (May 2012 edition) …

Share:

Read More

LIC agent attrition rate is at 15 to 20%

The south central zone ( Andhra Pradesh and Karnataka),  LIC (Life Insurance Corporation of India) will be recruiting 1 lakh agents to give a push to its growth targets set for the current 2011 - 12 financial year. The new recruits would take the total strength of LIC’s agen…

Share:

Read More

More than 10 Lakh insurance agents quits in 2010-11

In India More than 10 lakh insurance agents quit the profession in fiscal 2010-11 as new rules on sale of Ulips made it unviable to remain in business. Data compiled by IRDA for the first time on addition and deletion of agents in any year showed the number of agents leaving…

Share:

Read More