According to Section (42) of the Insurance
Act, 1938, appointing sub-agents and passing on commission or kickbacks
is prohibited.
But RMP Infotec which sells Bajaj Alliance insurance policies passes commission as part of the binary payouts.
Many people in the chain when introduced to new members try to sell insurance without being qualified in first place to sell insurance also they are not authorized to sell insurance.
But RMP Infotec which sells Bajaj Alliance insurance policies passes commission as part of the binary payouts.
Many people in the chain when introduced to new members try to sell insurance without being qualified in first place to sell insurance also they are not authorized to sell insurance.
