LIC cuts first-year commission to 28% post change in surrender value norms
Source: Business Standard Photo Credit: Ruby Sharma 3 min read Last Updated : Oct 08 2024 | 8:49 PM IST The state-owned Life Insurance Corporation (LIC) of India has reduced the first-year agent commission from 35 per cent to 28 per cent following the revision of surrender value norms, sources familiar with the development…