Term policy
4 months ago
Sir, loan agent who was watching my home loan document applied for term insurance policy on my loan without consulting me. And now I received a call says that my policy generate some commission amount which is being transfer to my loan agent, if I want to stop that and get that amount for myself, I have to become my policy's agent by buying some other policy and activating agent code. Is this thing legit, is customer allowed to do this?
A.Dear Client,
Regulation 4 of the IRDAI (Appointment of Insurance Agents) Regulations, 2016 deals with the appointment of insurance agent by the Insurance Companies. Only candidates who have qualified in the Insurance Agency Examination and who hold a valid pass certificate issued by the examination body shall be eligible to be considered for appointment as insurance agent by the Insurer. So, the information received by you on the subject from the socalled informer is totally wrong and misleading to make you fool and victim of unwanted situations with ulterior motives. So, be careful of such kind of informer or well wisher.
Regulation 4 of the IRDAI (Appointment of Insurance Agents) Regulations, 2016 deals with the appointment of insurance agent by the Insurance Companies. Only candidates who have qualified in the Insurance Agency Examination and who hold a valid pass certificate issued by the examination body shall be eligible to be considered for appointment as insurance agent by the Insurer. So, the information received by you on the subject from the socalled informer is totally wrong and misleading to make you fool and victim of unwanted situations with ulterior motives. So, be careful of such kind of informer or well wisher.
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