Tag: IRDA
Insurance Agent and Insurance Broker Commission Structure in India
The Government of India’s Insurance Regulatory Development Authority decides the insurance agent’s and insurance broker’s commission structure in India. The maximum commission in the general insurance business is paid in the motor insurance segment, whereas the minimum is paid in the group health insurance segment. IRDAI has set a cap on the commission payable under […]
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IRDA plans to link insurance frauds with individual credit score
In a recent development IRDA is planning to link insurance frauds with the individual’s credit score. This means that the credit score of an individual would be affected if found guilty of doing an insurance fraud. This means the Pan card of an individual should be submitted at the time of taking the insurance policy […]
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