Please give me information on automatic attendance system
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Joined: Oct 2014
The commission that an LIC insurance agent obtains varies from policy to policy and also based on the term of the policy. The higher the term, the more the commission the agent receives. The maximum commission that an agent gets in the first year is 25% for 15 years and more and the commission is reduced to 5% after the fourth year. In some cases, agents offer to pay the first month's premium to encourage us to start the policy (although this is unethical or legally permissible).
Agent receives the LIC mortgage loan commission and is not required to pay any commission. Infact he is working on behalf of the lender and that is why he is not mentioning any amount. The best course would be to buy a shirt for him and give a box choclate for your home if you are very satisfied with his services otherwise you will tell him that you are already a borrower and paying interest on the loan amount.