It’s not going great guns for the life insurance agents. With decreasing income from sales  and  increasing complexity in conditions for staying active, more and more insurance agents are leaving this space.  

Insurance purchase is an important decision and requires one to clearly understand the policy details in order to choose the best suitable product. Life insurance products include term plans, endowment plans, money-back plans, Ulips, pension plans, child plans, whole life plans etc and there are 23 life insurance companies including LIC marketing different variation of these plans. Similarly there are general insurance companies with non-life insurance products like health insurance, motor...  Read More »

In February this year, Insurance Regulatory and Development Authority (IRDA) had come up with stringent guidelines, disallowing relatives of any employee of an insurance company to work as an agent for the same insurer. Previous draft of IRDA defined the term ‘relative’ to include spouse, parents, sisters, daughters, brothers, sons, daughters-in-law and sons-in-law.
 

On Wednesday, IRDA released a new circular modifying the term ‘relative’ and narrowing it down to include only spouse,...  Read More »