Errant insurance agents to be checked

MUMBAI:
There may be a manner for a client purchasing life coverage to check up on whether the
agent service him have been fired by a company owed to malpractices. Currently,
the Life Insurance Council is collecting and capturing information that have got inside information of
errant agents - agents who have been removed owed to ailments of mis-selling -
from life coverage companies. The data, makes not capture inside information of agents who
are allow spell owed to non-performance or discontinue the company voluntarily. However,
presently, this information can only be accessed by the
companies. So, if a company is
hiring an agent from another life insurer, it can check up on the inside information of that
agent with the Council to see if the agent have any record of malpractice. "The
suggestion that the database be unfastened to clients is a valid 1 especially
since the agents are eventually servicing the customer. At some point the
Council will discourse ways to do such as an chance available to the
customer," states Second Volt Mony, secretary general, Life Insurance Council. At present, even the IRDA has
asked life coverage companies to update inside information of individual agents on their
websites. Such information includes information like the licence number, when it was
issued and the time period of validity.