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
When you decide to invest in a mutual fund, you often encounter an intermediary known as a mutual fund agent, distributor, or advisor. This individual or firm helps you navigate through various fund options, advises you on the best funds for your financial goals, and facilitates the investment process. In return for these services, the … 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
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
ICICI Lombard General Insurance Company offers a structured commission framework for its agents and intermediaries, aligning with the Insurance Regulatory and Development Authority of India (IRDAI) guidelines. This framework varies based on the type of insurance product and the mode of distribution. See below ICICI Lombard agent commission chart… About ICICI Lombard: ICICI Lombard General … 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
Adarsh Credit Cooperative Society (ACCS) was a multi-state credit cooperative society based in Ahmedabad, India, which operated until its liquidation. The society had a vast network of advisors or agents who facilitated various financial services to its members. So, in this article Adarsh Credit Cooperative Society agent commission chart. Adarsh Credit Cooperative Society Agent Commission Chart … 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
The New India Assurance Company Ltd., a leading public sector general insurance company in India, compensates its agents through commissions regulated by the Insurance Regulatory and Development Authority of India (IRDAI). These commissions are calculated as a percentage of the premium collected for various insurance products. See below the New India Assurance Agent Commission chart. … Read more
The commission structure for airline ticket sales by corporate travel agents is multifaceted, influenced by factors such as the type of flight, class of service, and specific agreements with airlines. So, see below airline ticket basic fare commission chart corporate agent… Airline Ticket Commission Chart for Corporate Travel Agents Flight Type Typical Commission Range Notes … Read more