INSURANCENo. of comments:13 suda bhanu prasad, kakinada., 61512 On 05-Mar-2014HI,
MANY OF US LIFE INSURANCE AND GENERAL INSURANCE AGENTS. IN MUTUAL FUNDS WE CAN OFFER ANY AMC PRODUCT TO CLIENTS BASED ON CLIENT NEED. BUT WHEN IT COMES TO LIFE AND GENERAL INSURANCE ACCORDING TO IRDA WE CAN SELL ONE LIFE AND ONE GENERAL INSURANCE PRODUCTS. BECAUSE OF THIS WE MIGHT BE TEMPTED TO SELL WRONG EVER CLIENT DOES NOT NEED. SO, JUST LIKE AS IN MF IF IRDA ALLOWS TO SELL ALL LIFE AND GENERAL INSURANCE PRODUCTS. WE WILL ANALIZE ALL THE PRODUCTS AVAILABLE AND SELL WELL SUITED PRODUCT TO OUR CLIENTS. FOR EXAMPLE IN LIC OF INDIA TERM INSURANCE PREMIUM IS TOO HIGH WHEN COMPARED TO OTHER PVT LIFE INSURANCE COMPANIES WITH ALMOST SAME CLAIM SETTLEMENT RATIO. BUT A LIC AGENT CAN NOT SELL OTHER LIFE INSURANCE PRODUCT.
WEALTH USE TO SOLVE IFA PROBLEMS. RECENTLY BECAUSE FORUM IFA NOMINEE NOW WILL GET MF COMMISSION. SO, I REQUEST WEALTH FORUM TO TAKE UP THIS ISUE TO IRDA. I REQUEST IFA PEOPLE PARTICIPATE IN THIS DISCUSSION.