Can an insurance agent work for two different insurance companies?

Can an insurance agent work for two different insurance companies?

An Insurance Agent is not permitted to work for different Companies of same segment. Insurance agent can solicit insurance business for sell of insurance products of one General Insurance Company, One Life Insurance Company and one Standalone Health Insurance Company.

Can I cancel Tata AIA policy?

Surrender Policy: Reason(s) for policy surrender and the surrender form needs to be submitted at the nearest Tata AIA Life Insurance branch, along with the following documents: Original policy documents. Canceled cheque with the policyholder’s name on it. Policy surrender or cancellation form.

How do I surrender my IRDA Licence?

For canceling IRDA license you have to contact the particular insurance company. Meet the Branch Manager who got you the license. Just give a written application to them that you want to cancel your IRDA license. Get the letter signed and stamped by the concerned authority .

What is IRDA Licence?

An individual agent is one who has undergone requisite training, passed an examination and been duly licensed by IRDA to sell insurance polices to the public and provide after-sales service including assisting at the time of a claim. His licence may be for life insurance, general insurance or both.

How can I change my Tata AIA policy holder Name?

You can change the name in your policy by sending an Email to us mentioning the changes along with the self-attested copies of the required documents. Click here to send email. Alternatively, you can also log in to your Online Policy Account and make the required changes.

How do I cancel my IRDA certificate?

To do so, all they need to do is surrender their agency license with the existing insurer. The insurance company will issue a cessation certificate within 15 days from the date of surrender of agency license.

How do I remove agent code from policy?

Time to take an LIC agency, it seems.

What is the validity of IRDA Licence?

The NOC is valid up to six months from the date of issue.

What is my IRDA Licence number?

The other way is to visit the official website of IRDA and look for the same. Here enter the PAN number and you will get the required information about the license number. It will give you information like applicant name, father’s name, date of birth, URN, license and certificate no., insurer name, agent id etc.

Which insurance license makes the most money?

While there are many kinds of insurance (ranging from auto insurance to health insurance), the most lucrative career in the insurance field is for those selling life insurance.

How to connect with Tata AIA Life Insurance Company?

The following options can be used to connect with Tata AIA Life Insurance policy: SMS: “SERVICE” to 58888 to hear from the company within 1 business day. Email ID : [email protected] Log in to online policy account on www.tataaia.com

How to transfer insurance agency license after resignation?

That means, the agents are required to first surrender their existing agency license through resignation. The insurance company cancels the license after a few days. After this, agents who wish to shift to another insurer are required to complete the mandatory IRDAI training and pass the examination.

What is IrDA broker user manual?

Broker User Manual Introduction to BAP Portal Version 9.0 2 Introduction to BAP Portal IRDA has taken an initiative of automation for facilitation of various activities that need to be undertaken by Insurance companies, surveyors, brokers and Third Party Administrators (TPA) for regulatory compliance.

What is the importance of data collection to IrDA?

Standardized and timely collection of industry data will help IRDA in efficient supervision of insurance operations, monitoring and tracking for the development of the insurance industry in India. Broker User Manual Role of a Broker Version 9.0 3