https://www.taxtmi.com/news?id=2977 Agent remuneration and distribution are governed by statutory commission rules under Section 40A(1) of the Insurance Act, 1938, with commission rates for new products requiring regulator approval. LIC reported no mass quitting of agents due to commission reductions or internal guidelines and disclosed agent counts of 1,337,064 for 2010-2011 and 1,305,430 as on 31 January 2012. en-us Tue, 20 Mar 2012 18:20:56 +0530 Tue, 20 Mar 2012 18:20:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=2977 Agent remuneration and distribution are governed by statutory commission rules under Section 40A(1) of the Insurance Act, 1938, with commission rates for new products requiring regulator approval. LIC reported no mass quitting of agents due to commission reductions or internal guidelines and disclosed agent counts of 1,337,064 for 2010-2011 and 1,305,430 as on 31 January 2012. News - Tue, 20 Mar 2012 18:20:56 +0530 https://www.taxtmi.com/news?id=2977