Upfront commissions on life insurance policies will be reduced following an agreement between assistant treasurer Kelly O'Dwyer and members of the life insurance industry on Friday. Upfront ...

Flexibility in a life insurance policy is a great benefit for customers. It’s a big reason why the wide range of universal life products have been so popular. Drew Gurley However, flexibility in ...

As promised by PM Modi on the ‘Independence Day’, the Centre cut the GST (goods and services tax) on life and health insurance from 18% to Nil and brought several other items under the two-slab tax ...

India's 15 leading banks earned a staggering Rs 21,773 crore in commissions during FY24 alone, primarily from selling life insurance, mutual funds and other financial products, many of which ...

Agents or their nominees will no longer automatically be entitled to commissions for the insurance policies they sold, once they leave the insurer. The company will decide whether to pay or not ...

ASSISTANT Treasurer Josh Frydenberg has taken on board recommendations made by the financial services industry to improve life insurance, a sector the corporate supervisor believes is dogged by bad ...

The commission ratio for nearly all types of life policies was up in 2024 from the previous year, with term life sales leading, according to the Canadian Council of Insurance Regulator’s (CCIR) 2024 ...

Major life insurance companies such as Samsung Life Insurance and Mirae Asset Life Insurance were fined over 4.4 billion KRW for engaging in so-called 'unfair policy replacement' sales practices, ...

Life/risk advisers should not be viewed in the same manner as those providing investment advice and can’t simply replace commission revenue with fee revenue in the same way investment advisers managed ...