Change in the Insurance Rules and Regulations
There is no need for pay commission for buying an insurance policy!!!
We got an information that, the insurance companies will change there method of taking policies. They will not charge any kind of commission from customers those who are buying the policies directly from the insurance companies. Customers can buy the policies either from the company office or from on-line. In October, SEBI stopped the process of charging commission in MUTUAL FUND distribution. The swaroop committee advised that all companies should stop the process of charging commission for taking insurance, on or before April, 2011. When they reject all the commissions of agents then they can use the whole amount of consumers, as a result of this the consumers will get good result from the investment.
