What is the average commission for a health insurance policy?
This varies greatly by company. Generally commission percentages are 15-25% of the first year premium, but some companies (like Blue Cross/Blue Shield) pay lower amounts, and some pay a flat rate per policy instead of being based on premium.
when we apply for a health insurance policy then they divide according to state your in and then each state have an separate insurance commission under them they will be employees. Those employees can regulate the health insurance policy. For more details click here http://www.searchadeal.in/health-insurance-policy.php
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.
Now a days there are many Insurance provider companies offering range of medical Insurance policies, like; individual health Insurance policy, family health Insurance policy, group health plans and others. HDFC ERGO is one of the leading health Insurance policy provider, you can check HDFC ERGO's health policies.