Life Insurance Corporation (LIC) has notified an increase in gratuity limit to Rs 5 lakh from Rs 3 lakh for its agents. The increase was effected by amending the Life Insurance Corporation of India (Agents) Regulations, 2017. It also enabled the reappointed agents to be eligible for renewal commission, thereby providing them with increased financial stability. Currently, LIC agents are not eligible for renewal commission on any business completed under the old agency.
Asper the Insurance Act, 1938 when can the termination of the appointment of the Administrator be made by the Authority?
“Appointed Day” in General Insurance Business (Nationalization) Act, 1972 means a day not later than
Under section 499 of Indian Penal Code how many exceptions are provided for the offence of defamation?
The liability of the surety is co-extensive with that of the principal debtor. It has been provided under Indian Contract Act:
Members of the legislative council give oath to?
As per Order VII Rule 11 of CPC, what happens when cause of action is not disclosed by the plaint?
The National Financial Reporting Authority shall consist of a chairperson, who shall be a person of eminence and having expertise in accountancy, auditi...
What is the time period within which the pre-packaged insolvency resolution process shall be completed?
If the services of an employee have been terminated for riotous or disorderly conduct or any other act of violence on his part, the gratuity payable to ...
According to Section 5of the IRDA Act, what is the tenure of office for the Chairperson and other whole-time members?
