Dear Rajesh,

Thanks for writing to us. Please see our answers to the points raised by you -

Point 1:
The info shared about LIC Agency commission (as per your link) on the PW Forum is legitimate as per the current IRDA Regulation.
As per "Insurance Regulatory and Development Authority (Licensing of Insurance Agents) Regulations, 2000" (Source -
http://irda.gov.in/ADMINCMS/cms/frmG...&mid=Insurance), every agent has to disclose the scales of commission in respect of the insurance product offered for sale, if asked by the prospect. [see point 8 (d) of "Code of Conduct" for reference - "disclose the scales of commission in respect of the insurance product offered for sale, if asked by the prospect;"]

Point 2:
We always speak against "Prohibition of Rebates", as it is against the law as per "Section 41 of INSURANCE ACT, 1938". You can find no of threads on PW Forum. One Thread Link from the PW forum -
http://www.policywala.com/forum/show...m-my-LIC-agent

If you have any query, do ask in the policywala forum.

Thanks,
PolicyWala Team