Login / Signup Show Tiles Close

Jayalakshmi Narayan

Agents commission on LIC products

Want to know why it is not mandatory to disclose the amount of commission paid to agents _ both on initial and subsequent premiums. I believe that they are unreasonably high more  

Viewed by 354
View all 12 comments Below 12 comments
RAJAT SINGH
What if LIC Agent ask ur whole family FORM16...? It is their income. why to create debate..... more  
Pradeep Lunia
As per IRDA instruction, It is required to be disclosed the Commission if client ask for it more  
G. C. Mathur (None)
Yes. There is no harm in mentioning the commission rate payable for each of the insurance product in life and general categories that must be put on the IRDA website. And, the product buyer should be free to negotiate the same with the insurance agent. more  
G. C. Mathur (None)
It is the competition among the agents. Otherwise 30% commission is too high without any addition of value to the original products. Commission or trade margin is negotiable. more  
Gopalakrishna P.v.
commission cannaot be negotiated more  
Probal Sarkar (User)
In my opinion there should be a published document by company on commission of agent for each insurance product. more  
Gopalakrishna P.v.
not required. it is jusk like salary. do you announce your salary on any network? domt you keep it a secret? more  
ANIL KULKARNI (Tax Professional)
How can we decide High or Low? Because Sale of Insurance Policy is not easy task. basically we people insures Four Wheeler Vehical / our Business Stock on the basis of Hook & Crook Policy not as safety. When Bankers demand Insurance / when RTO check or accident etc we insures the same. While calculating Human mentality it seems not so high. We know Policy holder get rebate from Agent. This is also a business of giving rebate. more  
View 12 more comment(s)
Post a Comment

Related Posts

    • Unfair practice by IT Deptt,

      I had filed my income tax return for the assessment year 2021-22 under section 139(1) i.e., filed on or before the due date, and claimed the refund of Rs. 5000 plus. The same was acknowledged by th...

      By Indu Bhushan Bhargava
      /
    • Income Tax Refund Delay

      I am a senior citizen and filed my return on the 18th Oct but till date (23rd Dec) I have not recd my refund. I have called their Helpline no also many times. They say they will lodge my complaint ...

      By Neeru Sood
      /
    • Senior Citizens retirement plans going for a toss

      For bank fixed deposits in India: 2016: 9.3% interest 2019: 8% interest 2021: 5.5% interest Senior citizens retirement plans must be under water unless they did enough ...

      By Aditi Jain
      /
    • New Income Tax Portal System

      God news. A lot of time has been vested. In the Court, it may be advised that any future such new thing must be tested in all respect and by all stakeholders, before the due date I.e. 31/03 in this...

      By Hasmukh Sangani
      /
    • Why income details must be given to broker

      Always wondered, why does an investor have to fill in income details with the broker? I buy shares if I have money. I do not need to have an income. And PAN number is a must. So why do you add this...

      By Aditi Jain
      /
    • Bad news for small savers

      There won't be any cut in interest rate of Small savings schemes . Yesterday's decision to lower the interest rate is REVERSED

      By Jayanti Natarajan
      /
    • Bad news for small savers

      Rates on small savings schemes reduced by 50-90 basis points. PPF in April-June quarter to earn you only 6.4% interest against 7.1% earlier. Senior Citizens Savings Scheme to earn on 6.5% now compa...

      By Vikram Gupta
      /
    • Secured earning for Senior Citizens

      I raised this point on earlier occasions also. No relief seen in any budget. I made a suggestion as follows: There are some schemes exclusively for the benefit of Senior Citizens like Se...

      By SN Sitaram
      /
    • Rounding off the amount in Bills

      Request guidance as to which is the appropriate circle & authority to whom i can complain regarding the below mentioned issue: Lately with many of my relatives and friends staying in Gurga...

      By Manas Hazarika
      /
    • Great news for seniors

      Senior Citizens (above 75 years) who get pension and interest income only are exempted from filing returns

      By Azam Yusuf
      /
    • The Govt salutes honest and compliant tax payers

      Recently our CBDT isued a press release saying it cannot punish compliant and honest tax payer by extending various due dates for the assessee who are dishonest, lazy and non compliant and our secu...

      By SUBHASH PARAKH
      /
Share
WhatsApp
Enter your email and mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

हिन्दी About Us Citizen Pulse News Trending Team Career Privacy Policy Sitemap Contact Us
© LocalCircles 2024 FB Link Twitter Link
All My Circles
Invite to
(Maximum 500 email ids allowed.)
Send