What is the commission an LIC agent gets for a premium of Rs.1 crore?

Related Questions

• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan . Answered on November 01,2022
  What is the average premium that should be paid for a family floater policy from Life insurance Corporation (LIC) or State Bank of India (SBI) Life?
  Dear  Family Floaters are available in Health Insurance and not in Life Insurance . Neither LIC nor SBI Life offers family ...
  
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• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan . Answered on February 14,2022
  What is difference between Term Insurance and Life Insurance?
  Dear  Term insurance is a type of life insurance where sum assured is paid on death only and there is ...
  
  1 0 59
• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan . Answered on May 05,2022
  What if my private company has provided me health and term insurance of good amounts?  Shall I still buy the personal insurance now or wait for some years until I quit the company and then buy the personal health and term insurance?
  Your group insurance is a rented property . You have it till you are part of group . You ...
  
  1 0 66
• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan . Answered on October 13,2021
  An LIC agent told me that if I invest 5 lakh per year for 5 years in SBI Life Retire Smart scheme, then from 10th year onwards I will get 40000 per month pension for rest of my life. And after our expiry (me and my spouse), nominee will get the Corpus amount. Is it true or Am I missing something? How to verify it?
  Dear  You have been given wrong information through mis-selling . Facts are stated below : SBI Retire Smart is a Unit Linked ...
  
  1 0 1910
• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan . Answered on December 23,2021
  What are underwriters in a life insurance policy?
  Dear  Underwriters assesses the risk on the basis of Proposal . Each Proposal form has material facts and underwriters can ...
  
  1 0 44
• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan . Answered on October 28,2021
  What is meant by ‘riders’ in a life insurance plan?
  Dear  Riders are add ons which you can add to your base products like Personal accident benefit and Critical illness. To ...
  
  1 0 52
• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan . Answered on January 05,2022
  In a term plan we are paying premium every month for the coverage but what if a person face death early (say after one year only of taking life insurance) in the period so he has not paid the amount of the coverage so will his family be getting the full coverage amount?
  Yes , claim will be payable .That is the purpose of Insurance to cover the risk of uncertain event ...
  
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• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan . Answered on December 17,2021
  If i bought a term life insurance and I end up paying till maturity age. What's my benefit then ? will I get any premium ?
  Dear  Pure Term Insurance offer sum assured on death only and nothing is payable on survival . However , there are ...
  
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• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan . Answered on November 15,2022
  How do you transfer an existing LIC or SBI life insurance policy to a new address after shifting?
  They will be pleased to help . Send a request letter along with an authorised address proof .
  
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• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan . Answered on December 08,2022
  How do you change your premium date with Life insurance Corporation of India (LIC)?
  Dear  It is like marriage date , you can not change your Policy anniversary .
  
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• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan . Answered on January 01,2022
  I'm still a student and my age is 23. I want to buy a term insurance now so that my premium remains low. So can I still buy a 2 Cr sum insured term insurance without actually securing a job?
  Dear  No , you are not eligible for Term Insurance of more than Rs 10 lakh. For higher sum assured , ...
  
  1 0 20
• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan . Answered on September 17,2022
  If I buy a term insurance plan from any insurer and unfortunately the company gets shutdown in the middle of term then what happens to my insurance policy, will it be active or not for the entire term?
  Dear As per Insurance Act , no insurance company can  shut down . At the most , another company would ...
  
  1 0 144
• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan . Answered on December 07,2021
  I am a handicap person, and this disability exists since my birth.  My annual income is 4.5 lakh. I have tried to cover myself, but because of disability no company is ready to cover me.  They reject me at the stage of medical checkup. What should I do?
  Insurance has a risk and underwriters accept the risk on the basis of facts given in Proposal Form . So ...
  
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