About The large portion of an insurance agent income comes from the commission earned on the insurance policies. Must read on a guide to the tax return for an insurance agent. Now, with more and more people coming online, it has become mandatory to make a shift in your proceedings. For this, you need to sell life insurance online. Read on how you can become an Insurance agent in India. This [...]
Insurance Sector is governed and regulated by its registration authority, Insurance Regulatory and Development Authority of India, or IRDAI. All the activities related to Insurance are supervised closely. The PoS (Point of Sales) initiative was introduced by IRDAI, to increase insurance penetration in India. In other words, a PoS agent can sell insurance after receiving a Certificate by IRDAI. The penetration of insurance in India has been low because there [...]
Mutual Funds A mutual fund agent merges one’s money with that of many other investors. Further, he invests that money in the best mutual funds in the market. Also, depending on one's preference and the type of mutual fund in India one picks up. It invests in various stocks if one prefers equity mutual funds or equity diversified mutual funds. In bonds or fixed income securities, if one chooses debt funds. Plus a blend of equity and debt [...]
Build an insurance agency is a great idea. Do you want to build an insurance agency? As one might suppose to have a lot of preparation and work ahead even if you're already a licensed agent. If this is one's first entrepreneurial venture, verify out this easy guide to get enrolling. It has a group of an insurance agent who is well trained about selling all the insurance policies. What [...]
Including us, everybody’s eyes are always on the insurance agent earning. Do we know our mutual fund agent earning, an agent who sells you mutual funds? Charges fee (fee-based financial planners) or some online portals (where you feel so much comfort to invest online)? Let us discuss who earns more: Life Insurance Vs Mutual Fund Agents. Let us guess that tenure of investment is 15 years and investor is ready to invest [...]
It is the digital age that we live in. Everything is available at our fingertips. So why should Insurance be an exception? To facilitate customers, now all insurance companies are posting the details of their products on their official websites. Although in the past few years have seen a rise in the number of online insurance buyers, many people still have their doubts about buying a policy online. With the [...]
Introduction to mutual funds and their selection How to select mutual funds to invest in? This is a question for every person who wants to invest in a mutual fund. Picking a mutual fund for investing is a very great step towards the creation of wealth. It is not just essential it is significant. But which one to pick up? The best mutual duns are those which provides a greater return [...]
As a commission-based job, the income of the insurance agent mainly depends on the number of clients they manage to rope in. If you are an insurance agent, you want to know how to go about filing your income tax return. This is the place where all of your questions like which income tax return form to file. And how to report insurance commission income and how to claim certain expenses in [...]
NAV-When choosing a mutual fund, investors frequently give too much attention to their past returns. They ignore to examine the crucial question – how much is the mutual fund deserving? What is the NAV- Net Asset Value? Mutual fund investments all over cost will depend on the price per fund unit. This is the Net Asset Value or NAV. If you take up the market price of all the shares in [...]
Who are mutual fund agents? Mutual Fund Agent is the one who helps to buy and sell mutual fund by investors and gets a commission for bringing in investors into mutual fund investments. They inform the investors of different schemes of mutual fund houses in India. They assist the investors in bringing out investment transactions associating to switching, redemption and manage them regularly on the performance of their investments. Which [...]
