IRDA Law for reneuwal commission after code surrender
shobhit
(Querist) 08 August 2009
This query is : Resolved
I have a General Insurence code with ICICI Insurance co.which is 5 year old. I have fulfilled all my targates with them and now I want to surrender my code.The query is - will my renuwal commission keep comming evenafter I surrender of this code.
SANJAY DIXIT
(Expert) 08 August 2009
Dear Shobhit,
In Life Insurance it happens that after 5 years , you get the renewal commission even agency is lapsed or surrendered. I think same rules will apply for General Insurance.