1st September 2010, A new Biginning for Indian Life Insurance Industry

Life is going to be different for all insurance sellers from 1st September 2010. Following new guidelines of IRDA, many new life insurance products ( specially ULIPs) will be launched. The focus of sellers will shift from ULIPs to traditional plans.

Commission structure will change. There will be huge cut in income of advisors and agents.
Only serious and dedicated insurance sellers will be left, rest will look for different carrier options.

All this will definitely be good for customers. There will be better products. Customers are going to get better service. There will be higher level of transparency. Customers will find it easier to compare products. ULIPs will be more suitable investment options.

Here, we will keep you updated about all new changes coming from 1st September in Indian Life Insurance Industry.