New commission rate on two wheeler: Insurance on two-wheeler and four-wheeler vehicles has become costlier from today. IRDA has approved the increment on commission to insurance agents.New rates have come into effect from Nov 3, Friday. Due to giving low commission on two wheeler, insurance agents did not show interest in getting insurance.So they have been demanding for a long time to increase the commission. In case of four-wheeler vehicle, the commission has increased from 15 percent to 17.5 percent and for two-wheeler, the commission has been increased from 10 percent to 15 percent.
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