[Resolved]  Kotak Life Insurance — wrong promise to agent saying salary based job instead of commission

Address:

Chennai, Tamil Nadu

THIS IS A VERY STRONG OBJECTION THAT ADVISORS OF OTHER INSURANCE COMPANIES ARE GIVEN PROMISE THAT THEY WILL BE TAKEN ON SALARY BASED AND NOT BY COMMISSION BASED. THIS IS A CLEAR INDICATION OF VIOLATION OF IRDA RULE . AS PER THE IRDA RULES AGENT OR ADVISORS SHOULD BE RECRUTIED ONLY ON COMMISION BASES AND NOT BY SALARY BASED. THIS VIOLATION IS BEEN DONE AT CHENNAI ,TRICHI SALEM. THEY ALSO GIVING WORNG PROMISES THAT THERE IS NO TARGET TO GET THERE SALARY. AFTER PAYING RS.1000 AND AFTER PASSING IRDA EXAM, THEY SAY THAT ADVISORS SHOULD DO MIN. BUSINESS OF RS.1,00,000 AND THEN ONLY THEY CAN GET THERE SALARY. THRU OTHER SOURCE WE ALSO GOT THAT EVEN IF THEY ARE WILLING TO PAY SALARY, THEY PAY ONLY FOR MAXIMUM 6 MONTH . THIS IS A CLEAR CUT CHEATING BY COMPANY. THIS FRAUD IS GOING ON FOR THE PAST 2 MONTH AFTER SOME EMPLOYEES OF OTHER INSURANCE COMPANY JOINED IN THIS KOTAK LIFE INSURANCE IN TAMILNADU. WHY IRDA IS SLEEPING?