Printable View
I understand that there are minimum premium requirements for a life insurance agent.
Are there similar requirements for general insurance agents too?
Is there any company that does not have such requirement.
Many small agents mis-sell insurance products to reach their targets and so I do not like the idea that an agent should be able to collect a minimum premium in a year.
Those days are gone when there was no targets, there is no written requirements for minimum business. But now this is the first question pvt. insurance company ask you. Mis-selling happens because new agents wants to achieve big from the first year itself without knowing products and ground work.
There are minimum requirement for pvt. general insurers. It is not that much easy to get agency with out any projected premium figure in first year. Unless you know top officers in the company.Quote:
Are there similar requirements for general insurance agents too?