:::::SRI S.B. RODE, OUR BELOVED PRESIDENT, AICBOF AND OFFICER DIRECTOR ON THE BOARD OF CENTRAL BANK OF INDIA HAS BEEN COOPTED AS GENERAL SECRETARY, AICBOF IN E.C. MTG. HELD AT MUMBAI ON 24.02.2014:::::MR. S.C. GUPTA, GEN. SECRETARY OF OUR AHMEDABAD UNIT HAS BEEN COOPTED AS PRESIDENT, AICBOF::::::WE CONGRATULATE THEM AND WISH THAT THE OFFICERS' MOVEMENT IN CENTRAL BANK OF INDIA WILL BE TAKEN TO NEW HEIGHTS:::::LONG LIVE CBOA:::::LONG LIVE AICBOF::::::LONG LIVE AIBOC:::::

IRDA ASKS INSURERS FOR INFO ON COMMISSION PAID TO BANKS

IRDA asked the insurance companies to provide information on commission paid to the banks for selling policies in the last three and a half years, within 30 days.


IRDA has prescribed the format for collecting information on the business generated through Bancassurance model and the payouts to the Bancassurance channel. 

Bancassurance or the bank insurance model (BIM) is the term used to describe the partnership between a bank and an insurance company whereby the insurance company uses the bank sales channel to sell insurance products.


Source: http://economictimes.indiatimes.com/personal-finance/insurance/insurance-news/IRDA-asks-insurers-for-info-on-commission-paid-to-banks/articleshow/5485739.cms


Posted by C.B.O.A., A.P.

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