I want to remove my LIC agent but want to continue the policy

Discussion in 'Money Matters' started by AnanyaAjay, Aug 22, 2012.

Page 1 of 2
  1. Aug 22, 2012 #1
    AnanyaAjay

    AnanyaAjay Silver IL'ite

    Messages:
    221
    Likes Received:
    166
    Trophy Points:
    93
    Gender:
    Female
    Hi friends

    I have a LIC policy which I took from an agent. I want to continue my policy but I want to discontinue with the agent. As we don't have good relation now, I don't want him to get any benefit from the money we pay.

    Please advice me how to go about it I googled it but didn't get any solution..

    Thanks
     
    AnanyaAjay, Aug 22, 2012
    AnanyaAjay, Aug 22, 2012
    #1
    Loading...

    Similar Threads
    1. Srama

      Just Relax And Remove It From Your Thinking!

      Srama, Apr 12, 2024, in forum: Snippets of Life (Non-Fiction)
      Replies:
      4
      Views:
      364
      Srama
      Apr 13, 2024
    2. Thoughtful

      Fda Has Settled A Lawsuit Regarding Ivermectin And Covid - To Remove Its Social Media Posts

      Thoughtful, Mar 27, 2024, in forum: General Discussions
      Replies:
      1
      Views:
      196
      Thoughtful
      Mar 27, 2024
    3. SuiDhaaga

      How Do I Remove Sticky Gunk From Iron

      SuiDhaaga, May 22, 2022, in forum: Sewing & Stitching
      Replies:
      3
      Views:
      816
      SuiDhaaga
      Jun 11, 2022
  2. Aug 25, 2012 #2
    orion80

    orion80 Platinum IL'ite

    Messages:
    2,648
    Likes Received:
    555
    Trophy Points:
    233
    Gender:
    Female
    The agent will continue to get the benefits everytime you pay because his name will be logged in the system as your agent.

    But if you use another agent to pay your premiums, the agent who pays the premium will get most benefit.
     
    orion80, Aug 25, 2012
    orion80, Aug 25, 2012
    #2
  3. Aug 27, 2012 #3
    amnilakshmi

    amnilakshmi Gold IL'ite

    Messages:
    582
    Likes Received:
    142
    Trophy Points:
    108
    Gender:
    Female
    I dont think thats possible. Even i faced a problem with my LIC agent and he was trying to be oversmart. I contacted the LIC branch and they branch manager said its not possible. Ultimately i had to discontinue to policy.
     
    amnilakshmi, Aug 27, 2012
    amnilakshmi, Aug 27, 2012
    #3
  4. Aug 29, 2012 #4
    popye

    popye New IL'ite

    Messages:
    46
    Likes Received:
    0
    Trophy Points:
    6
    Gender:
    Female
    Hi,
    I have written the exam from IRDA and became an advisor for Reliance, but havn't taken any polices from reliance till now as later I felt that LIC would be better than reliance. The Reliance agent who made me join did not provide me License yet. Now I want to change myself to become a LIC agent from Reliance.

    Pls let me know the procedure to change from Reliance to LIC.

    Thanks,
    Popye.
     
    popye, Aug 29, 2012
    popye, Aug 29, 2012
    #4
  5. Sep 10, 2012 #5
    Soumys

    Soumys Bronze IL'ite

    Messages:
    75
    Likes Received:
    30
    Trophy Points:
    38
    Gender:
    Female
    @ Ananya,

    I believe it is not possible. That paricular agent will keep getting the benefits as long as you make the premium payments. I had the same issue with ICICI Prudential, and when I checked with the Customer Care, they told that it is not possible to stop those benefits to the agent.

    Cheers,
    Soumya
     
    Soumys, Sep 10, 2012
    Soumys, Sep 10, 2012
    #5
  6. Oct 21, 2013 #6
    ManavLIC

    ManavLIC New IL'ite

    Messages:
    2
    Likes Received:
    0
    Trophy Points:
    1
    Gender:
    Male
    H! i think it's not possible, you can not remove your agent but yes you can take action thro IRDA- Insurance regulatory and development authority..!
    and don't disconnect your policy because this is your saving..so this is your lose

    Manav LIC of India Delhi
     
    Last edited: Oct 21, 2013
    ManavLIC, Oct 21, 2013
    ManavLIC, Oct 21, 2013
    #6
  7. Oct 21, 2013 #7
    ManavLIC

    ManavLIC New IL'ite

    Messages:
    2
    Likes Received:
    0
    Trophy Points:
    1
    Gender:
    Male
    and don't disconnect your policy because this is your saving..so this is your lose
    Manav LIC of India Delhi
     
    ManavLIC, Oct 21, 2013
    ManavLIC, Oct 21, 2013
    #7
  8. Feb 10, 2014 #8
    rashmikumari140

    rashmikumari140 New IL'ite

    Messages:
    1
    Likes Received:
    0
    Trophy Points:
    1
    Call me for best offers on LIC Policy/best at home & after sales service/cash back offers. Rashmi - 8102810104, 09469265619.
     
    rashmikumari140, Feb 10, 2014
    rashmikumari140, Feb 10, 2014
    #8
  9. Feb 19, 2014 #9
    littl

    littl Platinum IL'ite

    Messages:
    1,668
    Likes Received:
    2,008
    Trophy Points:
    283
    Gender:
    Male
    it is possible to change agent id of your Policy. u just need to mail or meet the branch manager and he will allot your policy under different agent. :thumbsup
     
    littl, Feb 19, 2014
    littl, Feb 19, 2014
    #9
  10. Feb 25, 2014 #10
    sunita1211

    sunita1211 Silver IL'ite

    Messages:
    356
    Likes Received:
    71
    Trophy Points:
    75
    Gender:
    Female
    I think you must contact the company directly and i AM SURE THEY WILL HAVE NO ISSUE IN CHANGING THE AGENT FOR YOU...
     
    sunita1211, Feb 25, 2014
    sunita1211, Feb 25, 2014
    #10
Page 1 of 2

Share This Page