The total number of Indian agents registering with the Million Dollar Round Table (MDRT), a prestigious international trade association of insurance agents, has more than tripled to 1,931 agents for 2007 compared with 532 in 2006. To qualify for the MDRT, an Indian insurance agent has to get a premium (read business) of Rs 23.92 lakh to his insurance company or earn a commission of Rs 5.98 lakh.
Unit linked insurance, ULIP, products are not good for you because of high charges. They invest less of your insurance premium in the stock markets than you are made to believe.
The insurer plans to hire about 2,00,000 agents this financial year.
Going abroad for higher studies and still grappling with how to manage your finances once in an unknown place? Here are a few tips that to help you manage your money better.
MDRT President on a visit to India has said that India is a perfect market for insurance, considering its vast young population.