In Agent's interest

Your duty to give premium notice to the policyholder!

I am reproducing below Regulation 8(iii) of the IRDA (Licensing of Insurance Agents) Regulations, 2000 for your benefit:

Regulation 8(iii) Every insurance agent shall, with a view to conserve the insurance business already procured through him, make every attempt to ensure remittance of the premiums by the policyholders within the stipulated time, by giving notice to the policyholder orally and in writing;

Key words:

Life insurance
Premium notice
IRDA Licensing Regulations,2000
Duty of Agent