What is the difference between a direct agent of LIC and an agent under a development officer?

Related Questions

• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan . Answered on November 01,2022
  What is the average premium that should be paid for a family floater policy from Life insurance Corporation (LIC) or State Bank of India (SBI) Life?
  Dear  Family Floaters are available in Health Insurance and not in Life Insurance . Neither LIC nor SBI Life offers family ...
  
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• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan . Answered on February 14,2022
  What is difference between Term Insurance and Life Insurance?
  Dear  Term insurance is a type of life insurance where sum assured is paid on death only and there is ...
  
  1 0 59
• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan . Answered on May 05,2022
  What if my private company has provided me health and term insurance of good amounts?  Shall I still buy the personal insurance now or wait for some years until I quit the company and then buy the personal health and term insurance?
  Your group insurance is a rented property . You have it till you are part of group . You ...
  
  1 0 70
• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan . Answered on October 13,2021
  An LIC agent told me that if I invest 5 lakh per year for 5 years in SBI Life Retire Smart scheme, then from 10th year onwards I will get 40000 per month pension for rest of my life. And after our expiry (me and my spouse), nominee will get the Corpus amount. Is it true or Am I missing something? How to verify it?
  Dear  You have been given wrong information through mis-selling . Facts are stated below : SBI Retire Smart is a Unit Linked ...
  
  1 0 1957
• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan . Answered on December 23,2021
  What are underwriters in a life insurance policy?
  Dear  Underwriters assesses the risk on the basis of Proposal . Each Proposal form has material facts and underwriters can ...
  
  1 0 45
• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan . Answered on October 28,2021
  What is meant by ‘riders’ in a life insurance plan?
  Dear  Riders are add ons which you can add to your base products like Personal accident benefit and Critical illness. To ...
  
  1 0 52
• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan . Answered on December 17,2021
  If i bought a term life insurance and I end up paying till maturity age. What's my benefit then ? will I get any premium ?
  Dear  Pure Term Insurance offer sum assured on death only and nothing is payable on survival . However , there are ...
  
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• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan . Answered on November 15,2022
  How do you transfer an existing LIC or SBI life insurance policy to a new address after shifting?
  They will be pleased to help . Send a request letter along with an authorised address proof .
  
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• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan . Answered on December 08,2022
  How do you change your premium date with Life insurance Corporation of India (LIC)?
  Dear  It is like marriage date , you can not change your Policy anniversary .
  
  1 0 63
• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan . Answered on December 07,2021
  I am a handicap person, and this disability exists since my birth.  My annual income is 4.5 lakh. I have tried to cover myself, but because of disability no company is ready to cover me.  They reject me at the stage of medical checkup. What should I do?
  Insurance has a risk and underwriters accept the risk on the basis of facts given in Proposal Form . So ...
  
  1 0 39
• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan . Answered on October 06,2021
  What happens if I stop paying for Unit Linked Insurance Plan?
  ULIP has a lock-in period of 5 years. If you stop paying premium after one year then all fund ...
  
  1 0 78
• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan . Answered on January 28,2024
  What is the maximum amount one can avail as a home loan against an LIC insurance premium payment?
  All insurance companies offer loan upto 90% of total surrender value on Participating plans . Loan is not allowed ...
  
  1 0 7
• 
  Shailesh Kumar
  

  Co-founder, Insurance Samadhan . Answered on December 26,2021
  What is Monthly Pension after Commutation of Total Contributed Amount in LIC schemes?
  Dear  Each pension scheme has two components : Accumulation part which you are referring to . Here you accumulate money to ...
  
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