Can an insurance agent sell policies of two different companies?

At present, an agent registered with a particular company can sell policies only of that firm. An insurance marketing firm will be allowed to market insurance policies along with other financial products approved by regulators, IRDAI had said earlier.

Can a person be covered by two health plans?

Yes, you can have two health insurance plans. Having two health insurance plans is perfectly legal, and many people have multiple health insurance policies under certain circumstances.

Do you need a life insurance license to sell an annuity?

An Annuity is a financial product that also requires an individual to obtain a life insurance license to sell. Even though many financial advisors and banks offer annuities, they are funded by life insurance companies. An annuity is not designed to provide death benefits, but rather living benefits in the form of income.

What do you mean by non life insurance?

What Is Non-Life Insurance? Put simply, non-life insurance is any type of insurance other than life insurance. While life insurance is broken down into permanent and term life policies, non-life insurance includes many types of other insurance policies. Non-life insurance may cover people, property or legal liabilities.

What kind of life insurance can I Sell?

There are a variety of cash value policies available for a licensed agent to sell, such as Universal life, Variable life, Variable Universal life and Equity Index Universal life. These are policies that provide guaranteed and nonguaranteed values in addition to death benefits.

Do you need a license to sell variable insurance?

All variable insurance policies may require additional state licensing and will require a securities registration. An Annuity is a financial product that also requires an individual to obtain a life insurance license to sell. Even though many financial advisors and banks offer annuities, they are funded by life insurance companies.