TRANSFER OF LIC AGENCY

mohit arora (Querist) 16 April 2008 This query is : Resolved
RESPECTED SIR,
I AM A LIC AGENT FOR THE LAST 2 YEARS. I WANT TO KNOW WHETHER THERE IS ANY PROVISION IN THE LAW & REGULATIONS OF IRDA THAT I CAN TRANSFER MY AGENCY TO MY WIFE,SO THAT RENEWAL COMMISSION IN FUTURE WILL BE GIVEN TO MY WIFE. SIR PL CARIFY THIS POINT

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SANJAY DIXIT (Expert) 16 April 2008
As for as my knowledge is concerned you can't transfer your LIC agency in the name of your wife. You can apply for a fresh LIC agency in the name of your wife according to rules and regulations of LIC & IRDA.

Adv.Shine Thomas (Expert) 18 October 2008
Yuo can't transfer your LIC agency.

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