“Immediately the upfront commissions embedded in the premium paid (to agents by insurance companies) be cut to not more than 15 per cent of the premium. This should fall to 7 per cent in 2010 and become nil by April 2011,” a consultation paper prepared by the committee had said.
So where does this leave the Indian Insurance agents who are working hard to garner sales of policies for a commision check?

Proposed: Sales-fee is in and the premium percentage commision is out - good for the Indian insurance consumer and bad for the Indian insurance agent?