POSP Insurance Agent Commission: How It Works and What Affects Your Growth

Quick Answer: What Is POSP Insurance Agent Commission? POSP insurance agent commission is the earning opportunity a certified PoSP Advisor receives for helping customers buy eligible insurance policies through an authorized platform. The commission may vary depending on the product category, insurer terms, policy type, renewal status, documentation, and applicable regulatory guidelines. For a PoSP… Continue reading POSP Insurance Agent Commission: How It Works and What Affects Your Growth

Claim settlement and grievance redressal related performance will determine the incentives of top executives of insurance companies: IRDA

Delayed claim settlements, unresolved complaints, and subpar customer service have long been ongoing issues in the insurance sector, despite policyholders paying premiums for years. Now, in a significant move focused on policyholders, the Insurance Regulatory and Development Authority of India (IRDAI) has linked the pay and incentives of top insurance company executives to parameters such… Continue reading Claim settlement and grievance redressal related performance will determine the incentives of top executives of insurance companies: IRDA