Ask an Expert - Your Personal Insurance Advisor

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IRDA tries their best to curb malpractises and hence there has been steps like signing of illustration, callback from call centre to ensure agents do not mis sell, lesser commission on ULIPs, etc. However a lot of mis-selling still takes place and there is hardly anything that the regulator can... Read More>>

Yes, as per the IRDA guidelines, the agent needs to have passed class 12 in urban areas and class 10 in rural.

It totally depends on the client base and what kind of policies they need. Both these companies are IRDA accredited good companies with excellenet products and claim ratios.Hence both these companies are good.

You need to contact the nearest branch of the company from where you have a general insurance license. If your license has expired, you need to undertake the IRDA examination again. Then undertake 50 hours of training and then appear for the IRDA exam again for general insurance and then start... Read More>>

You can renew your composite license and there should be no concerns if you are working with a stand alone health insurance company. You can always do so while working with LIC as well as GIC.

To become a composite license holder you need to contact the General Insurance Company from where you want to sell health plans and then undertake 25 hours of training and then appear for the IRDA exam again for general insurance and then start selling General Insurance policies once this is

Dear Rahul,

The Profit Margin or the commission structure depends on the company that you would like to join. Once you decide on that, you can contact a sales manager or development officer regarding the same and they would be able to proivde you with their commission structure.

To become an advisor... Read More>>

To change you company, you need to get an NOC from your insurance company by putting in your resignation and then requesting them to forward the same to IRDA. Thus, you can cancel your license by simply writing a resignation with a valid reason. This is usually a long process and gets initiated only... Read More>>

You need to contact Max Bupa Health Insurance company and they would process your license regarding the same. You can revive your LIC license and then opt for Max Bupa as an additional tie-up since you can sell stand alone health product only when you have a valid license, be it Life, General or... Read More>>