Renewal insuracne company
Salman
(Querist) 30 September 2013
This query is : Resolved
I worked as Insurance Advisor since 2005 and worked more than 5 years. Now i am not active but my license is active for few more months.
I get my renewal commissions as I completed 5 years. My question:
-Will I continue get my renewal commission if I do not renew my license Or I cancel my insurance license?
Seeking expert's opinion here.
Kumar Doab
(Expert) 30 September 2013
You should be.
The employee of the insurer designated by IRDA in the company for licensing related activities should be able to confirm it to you in writing as well.
Or you can confirm from IRDA.
If you remain active it shall benefit you. Majority of the customers have been surrendering their policies due to bad experience with ULIP, Insurers, Agents……………
If your customers cancel, surrender their policies then you won’t be getting enough to show.
Try to shift to LIC. It offers pension, gratuity, and loan to agents who qualify.
Its trusted brand for its traditional policies and many of the policies have been giving excellent bonus…………………….
In LIC as well stick to traditional policies and avoid ULIP.
