Only structure realigned, no cut in agent fees: LIC chief
The Morning Standard|October 23, 2024
AMID threats of a nationwide strike by its agents to force LIC not to change their commission structure or lower the fees, the national insurer has denied any plans to do so.
BENN KOCHUVEEDAN @ Mumbai
Only structure realigned, no cut in agent fees: LIC chief

The insurer also said the new surrender value norms will not impact its margins as it has already tweaked its products.

“The total commission that an agent used to get from us before October 1 remains intact. The perception that we have reduced the commission is totally incorrect. We have realigned the commission by adjusting the current fee structure. But ultimately an agent will continue to get what she was getting earlier,” Life Insurance Corporation chief executive Siddhartha Mohanty told this newspaper on Tuesday.

هذه القصة مأخوذة من طبعة October 23, 2024 من The Morning Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة October 23, 2024 من The Morning Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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