IRDA Law for reneuwal commission after code surrender

shobhit (Querist) 08 August 2009 This query is : Resolved
I have a General Insurence code with ICICI Insurance co.which is 5 year old. I have fulfilled all my targates with them and now I want to surrender my code.The query is - will my renuwal commission keep comming evenafter I surrender of this code.

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SANJAY DIXIT (Expert) 08 August 2009
Dear Shobhit,
In Life Insurance it happens that after 5 years , you get the renewal commission even agency is lapsed or surrendered. I think same rules will apply for General Insurance.

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