TRANSFER OF LIC AGENCY
This query is : Resolved
mohit arora
(Querist)
16 April 2008
RESPECTED SIR,
I AM A LIC AGENT FOR THE LAST 2 YEARS. I WANT TO KNOW WHETHER THERE IS ANY PROVISION IN THE LAW & REGULATIONS OF IRDA THAT I CAN TRANSFER MY AGENCY TO MY WIFE,SO THAT RENEWAL COMMISSION IN FUTURE WILL BE GIVEN TO MY WIFE. SIR PL CARIFY THIS POINT .
I AM A LIC AGENT FOR THE LAST 2 YEARS. I WANT TO KNOW WHETHER THERE IS ANY PROVISION IN THE LAW & REGULATIONS OF IRDA THAT I CAN TRANSFER MY AGENCY TO MY WIFE,SO THAT RENEWAL COMMISSION IN FUTURE WILL BE GIVEN TO MY WIFE. SIR PL CARIFY THIS POINT .
S.Srinivasaraghavan
(Expert)
02 October 2008
You can not transfer your agency to your wife. But your wife can take up fresh agency and the new accounts taken in her name will be hers.
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