Government insurance programs are essential for addressing a wide range of social and economic problems that impact Indian society. Therefore, knowledge of these government insurance programs in India is vital for anyone aspiring to a career in banking and finance.
Agent commission charts in India used to be tightly capped product-by-product. That era ended with IRDAI’s shift to a principles-and-limits framework. The most current, binding rules that govern what insurers can pay (to individual agents, corporate agents, brokers, web-aggregators, PoSPs, etc.) are the IRDAI (EOM including Commission) Regulations, 2024, effective April 1, 2024. These regulations … Read more
Royal Sundaram General Insurance is one of India’s leading private-sector general insurance companies, offering a range of products such as motor insurance, health insurance, travel insurance, home insurance, and business insurance. With a strong presence in the Indian insurance market, Royal Sundaram is well-regarded for its customer-centric approach and innovative solutions. The company’s diverse product … Read more
Credit Access Life Insurance, a relatively new yet promising player in India’s insurance landscape, has emerged with a focus on providing accessible life insurance products to a wide range of customers. With the growing demand for life insurance in India and the increasing reliance on digital channels for product distribution, Credit Access Life Insurance is … Read more
Go Digit Life Insurance, part of the larger Go Digit Insurance group, is a fast-growing player in India’s digital-first insurance space. Known for simplifying the insurance purchase process through a customer-friendly approach, Go Digit aims to create a seamless experience by leveraging digital platforms for easy onboarding and customer interaction. While the company initially focused … Read more
Acko is a pioneering digital insurer in India, known for its direct-to-consumer model that largely eliminates intermediaries, hence offering lower premiums and more streamlined service. However, for growth and outreach, Acko does maintain agent or franchise partnerships, where trusted advisors or franchises market Acko products and earn commissions based on premiums sold. So, in this … Read more
Bandhan Life Insurance is a prominent player in India’s rapidly growing insurance sector, with a focus on delivering innovative and affordable insurance solutions. As a part of the Bandhan Group, which also operates Bandhan Bank, Bandhan Life Insurance has made a significant impact since its inception, serving millions of customers across the country. Its product … Read more
Star Union Dai-ichi Life Insurance Company is a leading player in the Indian insurance industry, offering a range of life insurance products that cater to different needs, from term plans to savings and investment plans. Established as a joint venture between the Union Bank of India, the Dai-ichi Life Insurance Company of Japan, and the … Read more
In the ever-growing insurance industry, Shriram Life Insurance has earned a reputation for its customer-focused products and services, offering a wide range of life insurance solutions. As an agent of Shriram Life Insurance, you not only have the opportunity to contribute to the financial security of your clients but also enjoy significant earning potential through … Read more
The role of an insurance agent is crucial in connecting customers with financial protection plans that cater to their future needs. Insurance agents not only help individuals safeguard their health, life, and assets, but they also enjoy significant earning opportunities in the form of commissions. If you’re looking to become an insurance agent with Edelweiss … Read more
Life insurance agents play an essential role in helping individuals and families secure their financial future. In return for their services in promoting insurance products, agents are compensated with commissions. IndiaFirst Life Insurance, a prominent player in the Indian insurance industry, offers a variety of life insurance products. For those looking to become a life … Read more