0
How much commission get a agent in shri ram life insurance company?
Wiki User
∙ 10y ago
Amount & Percenatge is Differ for Every Policy,But Sriram is giving best in the idustry
Wiki User
∙ 10y ago
Add your answer:
Earn +20 pts
Can you get a print out of your life insurance policy?
Yes, your agent or the insurance company can provide with a copy of your insurance policy.
WHY life insurance company paid high commission in first year?
First year commissions on life insurance policies can go as high as 140 percent. Commissions are high in the first year because that's the year in which the agent has all of the marketing and servicing expenses. Life insurance policies generally pay 5% or less or even no renewal commissions because there isn't anything for the selling agent to do once the policy is in force.
How much commission to insurance agent on Universal LIfe policies?
In Canada, in the case of a brokerage (independent business that can sell products from a number of different insurance companies) usually 60% of the 1st year's premium goes to the insurance brokerage (business that the aggent works for) and then the agent may get 60% of that . If a brokerage does enough volume, they may qualify for a "bonus" from the insurance company and the agent may receive a portion of this too, upon the descretion of the brokerage.
How much does insurance salesman make off each policy?
It depends on the type of insurance? Yes, it depends on the type of insurance. Life insurance generally pays a first year commission of 50% of the annual premium, to the writing agent, and a trail renewal of 5% each year for the next 9 years. Disability insurance generally pays a 40% commission the first year . Car insurance pays a 15% commission, etc. So, as you can see, the agent's compensation varies, depending upon the type of insurance written.
How to find out an old policy is still good?
Call the life insurance company and ask. To get life insurance company contact information, contact A.M. Best & Co.AnswerTry contacting the Insurance Company or agent.
Is it fraud if a Life insurance agent receives a commission for a new policy then cancels it and does not return the commission?
A 'commission' paid to an insurance agent generally comes from the company that the insurance policy is placed with, NOT from the individual who bought the policy. If the agent knowingly, placed the policy with the intent of collecting the commission, and then immediately cancelled the policy then, yes, that would be fraud, unless his working agreement with the insurance company addresses it otherwise.
What is the maximum number of life insurance agents that can split a sales commission?
== == That would depend on the company the agent is working for.
At Massachusetts Mutual Life Insurance Co how much commission does an agent earn or receive for selling a 100000 survivorship whole life insurance policy?
Generally, whole life insurance pays a first year agent's commission of 55%; the General Agent then get's an override of appx. 45%, which may or may not be shared with the agent. But keep in mind that the agents commission is not relevant to the descision to buy if the life insurance proposed is the correct answer to the problem!
Can you get a print out of your life insurance policy?
Yes, your agent or the insurance company can provide with a copy of your insurance policy.
Does Reliance Standard Life Insurance Company have an Illinois agent?
Yes.
I am insurance agent of aviva life insurance company irda has issued me the license that i had lost now tell me the procedure how you get the license back?
I am insurance agent of aviva life insurance company irda has issued me the license that i had lost now tell me the procedure how i get the license back?
What type of life insurance sale does not include an agent?
When a person buys a policy online from an insurance company,there is no role of an agent in the whole process.
What role does a insurance advisor have?
An insurance advisor/agent gives probable customers knowledge about an Insurance Plan and sell Insurance Policies. There are three types of insurance agents : 1. Life Insurance Agent. 2. General Insurance(Non-Life) Agent. 3. Composite Insurance Agent(i.e. both life and non life agent). An insurance broker can also be an insurance advisor. Difference between an insurance agent and an insurance broker are: 1. An insurance agent is employed by only one general insurance company or one life insurance company or both(depending on the type of Agent) but an insurance broker can work with any insurance company(Life or General). 2. An insurance agent is accountable to Insurer(insurance company) but an insurance broker is accountable to customers, i.e. an insurance broker works on behalf of customers to seek a better insurance plan. 3. Both agents and brokers are reimbursed by insurance company. 4. There is no capital requirement for Insurance Agents but Insurance brokers must have capital of Rs. 50 lakhs for direct broker, Rs. 1 crore for reinsurance broker and Rs. 2.5 crore for composite broker. Generally Insurance brokers works with big businesses whereas agents work with all type of businesses.
Can life insurance agents split a commission when one agent is on vacation?
Yes, Insurance agents of a same license type are allowed to share commissions.
Who is your Jackson National Life Insurance Company local agent?
Bryan Penney
Writing a insurance company to request the value of a life insurance?
Why write when you can make a phone call. Call the insurance company, your agent or your agents office and ask them.
How can you follow up insurance policy with Winston mutal life insurance company?
the agent you applied to the company with should be doing that for you. Call him and ask.
