IRDA prescribes Ceiling of 15% for payment of Insurance Agents’ Commission

The Insurance Regulatory and Development Authority (IRDA) prescribes ceiling of 15% for payment of agents™ commission. The exact rate of commission payable in a particular policy is to be decided by the insurer, which shall not exceed the ceiling prescribed by the IRDA. The Public Sector Undertaking insurers, in order to encourage younger population to… Read More

Tags: Agents and Marketers, Business, Financial services, healthinsurance, Insurance, Insurance Regulatory and Development Authority, IRDA, United States