Will the LIC agent pay the first premium amount for New Bhima Gold policy(50k) for 15 years.? - is bhima gold best lic policy
This is not the rule, if this is a trend in the market.
I'm going to blame the insurance companies that provide very high commission in the first year to his employees. Agents to monitor the activities incompatible with this technique to increase your sales and income security in the coming years.
Although this trend is the amount of the full premium.
Friday, February 5, 2010
Is Bhima Gold Best Lic Policy Will The LIC Agent Pay The First Premium Amount For New Bhima Gold Policy(50k) For 15 Years.?
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3 comments:
Please read the excerpt from the law on this issue.
Extract from Article 41 of the Insurance Act
1) It shall not permit or allow any person, either directly or indirectly, as an incentive for anyone to take or renew or obtain insurance for any kind of danger to life or property in India, a reduction of all or part of the commission or discount on the premium shown on the policy, nor any person from accepting or renewing or continuing a policy, any explanation, except for discounts that may be authorized, in prospectuses or tables published by the insurer unless the acceptance by an insurance agent by the Commission in connection with a policy of life insurance for himself by his own life are not considered as acceptance by the insurance agents with the requirements of the institution of an insurance agent who worked for bona fide insurer.
(2) Any person who in accordance with the provisions of this section is liable to a fine ofMay, which extend to Rs 500 / --
Good luck
pnkmurthy@yahoo.com
http://www.geocities.com/pnkmurthy/lic.h ...
LIC agent should not be any premium for each policy.
The insurance cover the risk of life to us or our family. It should be insurable interest.
If an agent LIC pays the premium of our policy is a disgrace for us as it is an insurable interest in our family to have.
Pls suggest.
You can search using search engines and your problem can be solved on the link below:
http://www.reliancelife.net.in
http://www.reliancelife.info
http://www.ignou.info
I think you can get the answer to your problem on the web link
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