If you are not happy with the service of your insurance agent, then now in the existing policy itself, you will get the option to change your agent. In order to provide better convenience to the customers, insurance regulator IRDAI is soon going to give the option of agent portability to the policy holders.
New Delhi: If you are an insurance policy holder then this news is very important for you. In fact, Irda (IRDA), which regulates insurance companies, is going to bring a new rule for policy holders. IRDAI is soon going to issue such a rule, under which the policyholder will get a chance to change the insurance agent.
Agents will be able to change in the existing policy only
If you are not happy with the service of your insurance agent, then now in the existing policy itself, you will get the option to change your agent. In order to provide better convenience to the customers, insurance regulator IRDAI is soon going to give the option of agent portability to the policy holders. This means that you can easily change your insurance agent even after taking the policy. Let us tell you that earlier after taking the policy, there was no chance to change the insurance agent.
Option will be available for these insurance policies
According to the news going on in the media, not everyone will get the benefit of agent portability in general insurance. Rather, this benefit will be given only to those who have a policy for a term of up to 20 years and after the initial premium, if the policyholder is not satisfied with the service of his agent, he can change the agent through the insurance exchange and choose a new one. Agent can be selected. In case of change in agent, the commission received on premium will then be paid to the new agent.
IRDAI may soon implement rules
According to the news going on in the media, the insurance regulator IRDAI may soon implement the rule of changing the agent. According to the information received at the same time, due to the long term policy, it has been decided to rule on the life insurance agent. In case of non-availability of better service, the policyholder will be given the option to change agent.
