Does IRDAI specify any conditions if I have insured myself … before I can receive my commissions?
I am not sure about IRDA rules. But as far as I know, in LIC agents can propose for insurance on their lives. Your DO or the Branch Manager will be the risk analyzer for the same. Also, you will receive the commission on such premium which you pay towards your own Life Insurance Policy.
Thank You! If LIC agents get paid then there are no IRDA rules/conditions that are contravened.