News From Press LIC agents voice concerns over commission cuts and clawback clause amid policy restructuring

LIC agents voice concerns over commission cuts and clawback clause amid policy restructuring

Source: BT Oct 26, 2024

Life Insurance Corporation (LIC) agents are raising concerns over recent commission adjustments and new surrender value regulations, which they fear could impact their earnings. Under the new structure, LIC reduced the first-year commission from 35% to 28%, per reports.

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