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Growth of 11% in Policies and 22% Per Cent in Premium of Conventional Plans of Life Insurance.
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....rowth of 11% in Policies and 22% Per Cent in Premium of Conventional Plans of Life Insurance. <br>News and Press Release<br>Dated:- 20-3-2012<br><BR>Press Information Bureau Government of India Mini....
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....stry of Finance 20-March-2012 18:24 IST Growth of 11% in Policies and 22% Per Cent in Premium of Conventional Plans of Life Insurance As far as the, Conventional plans of Life Insurance policies ar....
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....e concerned, there is a growth of 11% in policies and 22% in premium as on 29.02.2012, whereas, there is a degrowth on the Unit Linked Insurance Plan (ULIP) which is a trend among the whole insurance ....
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....industry. This information was given by the Minister of State for Finance, Shri Namo Narain Meena in written reply to a question in Rajya Sabha today. The Minister of State Shri Meena further inform....
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....ed that number of Agents is related to the business potential in the insurance market. Commission to agents are paid as per Section 40(A) (1) of the Insurance Act, 1938. Further, the commission rates ....
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....for any new products are also approved by Insurance Regulatory and Development Authority. The Life Insurance Corporation of India (LIC) has reported that there is no instance of quitting of agents in ....
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....lakhs in LIC due to reduced commission or strict guidelines to agents set for them by LIC. The total number of LIC agents during the year 2010-2011 was 13,37,064 and as on 31.01.2012 it was 13,05,430....
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..... ***** DSM/SS/Hb<BR> News - Press release - PIB....