PLI / RPLI agency query (urgent)

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Premanshu Das

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Jan 3, 2014, 4:40:00 AM1/3/14
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As far as I know one individual agent can't sell policies of two life insurance providers according to IRDA instructions & rule. I want to know can a LIC agent will be eligible for PLI/ RPLI agency because PLI/RPLI is not under IRDA rule.
If there is any agent in this who are workinng both with LIC & POSTAL LIFE pls give your contact details.
 
Thanks & Regards
 
PREMANSHU DAS
9831419440


chary sbs

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Jan 5, 2014, 11:52:44 AM1/5/14
to Premanshu Das, liafis...@googlegroups.com
 Dear Mr. Premanshu Das,

A.Though the Postal Life Insurance is not regulated by the IRDA, the activity of postal and LIC is similar with different kinds of  
    functions.

B. There is a provision in the Club Rules of LIC that not only agent but  also any member of LIC agent's family has taken agency with any 
    other Life Insurer, then the agent working with LIC shall not be eligible for entry and continuation of  any club.

C. As per the  IRDA Licensing of Insurance Agents Regulations 2000, the license will be issued to act as Insurance agent for one life 
    Insurer or one General Insurer or Both.

D. According to Section 44 of Insurance Act 1938, if any agent or after his ceasing to act as such agent he does not directly or
    indirectly solicit or procure insurance business for any other person. otherwise the such agent may lose his renewal commission.

I hope that you may get clarification for your doubt from the above subject matter.

Thanks & Regards
 
S.B.SREENIVASA CHARY,
BA, HDC, LL.B
All India President, Life Insurance Agent’s Federation of India
CHAIRMAN’S CLUB MEMBER, WEALTH MANAGER
CHIEF LIFE INSURANCE ADVISER
Qualifier: 'CII (Award)' the Chartered Insurance Institute, London
Flat No 202, 2-2-185/56/c/3
Sathya Sai Apts, Baghambarpet
HYDERABAD 500 013
Mobile: 94901 50009
Email: charys...@rediffmail.com
          char...@yahoo.co.in
          sbsc...@gmail.com

savlaj...@gmail.com

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Jan 5, 2014, 9:29:43 PM1/5/14
to liafis...@googlegroups.com
Good Morning Chary Sir, LIC has come out with ULIP reinvestment option. Now the question is all the money reinvested goes to a single deposit, thus all family members cannot be allotted the partial amount. I tried to speak to BM, MM, SDM, also people in IT depts, and the reply is, Central Office gives a special programme to convert these single BOC's to Block BOC's. Till date no such update is available, can we get this expedited as MDRT commn has to be run on 7/1/14 I.e tommorrow & we have cases which are still held up for numbering. Please through some light on the matter at the earliest.
This problem may be universal, i.e may be any many branches. Can anybody share their experience of the same.
Regards
Jayesh Savla
Sent on my BlackBerry® from Vodafone
From: chary sbs <char...@yahoo.co.in>
Date: Mon, 6 Jan 2014 00:52:44 +0800 (SGT)
Subject: (LIAFICHARY:10987) Re: PLI / RPLI agency query (urgent)

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chary sbs

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Jan 5, 2014, 10:40:03 PM1/5/14
to liafis...@googlegroups.com
Mr Jayesh Salwa,

Can you provide the details of branch and Division where the problem lies.

Thanks & Regards
 
S.B.SREENIVASA CHARY,
BA, HDC, LL.B
All India President, Life Insurance Agent’s Federation of India
CHAIRMAN’S CLUB MEMBER, WEALTH MANAGER
CHIEF LIFE INSURANCE ADVISER
Qualifier: 'CII (Award)' the Chartered Insurance Institute, London
Flat No 202, 2-2-185/56/c/3
Sathya Sai Apts, Baghambarpet
HYDERABAD 500 013
Mobile: 94901 50009
Email: charys...@rediffmail.com
          char...@yahoo.co.in
          sbsc...@gmail.com
On Monday, 6 January 2014 7:59 AM, "savlaj...@gmail.com" <savlaj...@gmail.com> wrote:
Good Morning Chary Sir, LIC has come out with ULIP reinvestment option. Now the question is all the money reinvested goes to a single deposit, thus all family members cannot be allotted the partial amount. I tried to speak to BM, MM, SDM, also people in IT depts, and the reply is, Central Office gives a special programme to convert these single BOC's to Block BOC's. Till date no such update is available, can we get this expedited as MDRT commn has to be run on 7/1/14 I.e tommorrow & we have cases which are still held up for numbering. Please through some light on the matter at the earliest.
This problem may be universal, i.e may be any many branches. Can anybody share their experience of the same.
Regards
Jayesh Savla
Sent on my BlackBerry® from Vodafone

savlaj...@gmail.com

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Jan 5, 2014, 11:21:58 PM1/5/14
to liafis...@googlegroups.com
Sir my branch is 933, Thane Divison, BOC no 14634, Dt 26/12/2013.
Hope for a positive & speedy action on the matter.
Regards
Jayesh Savla.

Sent on my BlackBerry® from Vodafone
Date: Mon, 6 Jan 2014 11:40:03 +0800 (SGT)
Subject: Re: (LIAFICHARY:10993) Re: PLI / RPLI agency query (urgent)
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