Insurance Agent
Hi Pooja,
Insurance agents does not get salary as such they get commission instead. The rate of commission usually depends on the Company's policy. For example, LIC has this policy that an agent will get 35% commission in the 1st year, then 7% for 2nd and 3rd year and 5% for 4th year onwards. The amount they are getting depends on the premium paid by the policyholder.
Hope you find this information helpful!
Hello Pooja,
The avarage salary of an insurance agent is in the range of Rs 25,000 - 28,000 with different employers offering a different payscale.
Insurance agents who work for a brokerage firm will likely sell policies from several different insurance companies, while those hired by an insurance company serve as salespeople for their company's products.
Hope this helps.
All the best!
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