IRDA New Guidelines For Life Insurance Agents (5)

8) The trail commission is need because at present in Unit Link Insurance Designs policies are having surrender value of 96% after payment of 3 years premium and lots of customers opt for non paying the future premiums.
9) There ought to be restriction on the expense ratio of the Insurance Companies on the basis of their fund size.
10) The other charges like policyowner administration charges, fund management charges should also be identical for all the companies.
11) It will encourage healthy competition among the Insurance companies and skill of the 


fund managers will have utmost priority. It will ultimately beneficial to the policyowner holders.
12) It will also encourage healthy competition among the insurance agents because long-term relationship with the customers will have the great value.
13) It will also helpful to the policyholders because they will get after sales service from someone.
14) Active insurance agents should be treated after completing maximum 3 years agency business.
15) There ought to be definite criteria of Maximum laps of policies for such agents.
16) It will ultimately beneficial for active insurance agents as well as finish customers.