case in a nutshell:-
The petitioner was working as a LIC agent from the year 2001
and her husband suddenly passed away ... LIC during October 2001 and she is not an employee of LIC.
The duty of the agent is to bring business
extended for 24 months at the
discretion of LIC. The LIC Agents can be recruited only after getting
certificate from Insurance ... LIC of India (agents) Rules, 1972 and 12 agents should become
Productive agents i.e. one who has completed either at least
issued by LIC which marked as Ex.P11 which discloses that
the petitioner has continued as LIC Agent ... letter issued by LIC. It discloses
that the claimant has continued as LIC Agent and Ex.P12
issued by Star
issued by LIC which marked as Ex.P11 which discloses that
the petitioner has continued as LIC Agent ... letter issued by LIC. It discloses
that the claimant has continued as LIC Agent and Ex.P12
issued by Star
month. He argued that the deceased was an LIC
agent and he used to earn ... month as an LIC agent. But, the
learned tribunal has held that at the time of
accident he was not an LIC
their duly appointed agent, but OP-2 has contended that as per Life Insurance Company (Agents) Regulations 1972, only authorised agents are permitted to collect ... Life Insurance Corporation of India (Agents) Regulations, 1972, which explicitly proscribe unauthorized agents from collecting premiums on behalf of the Life Insurance Corporation unless specifically
their duly appointed agent, but OP-2 has contended that as per Life Insurance Company (Agents) Regulations 1972, only authorised agents are permitted to collect ... Life Insurance Corporation of India (Agents) Regulations, 1972, which explicitly proscribe unauthorized agents from collecting premiums on behalf of the Life Insurance Corporation unless specifically
Term Life Insurance Policy
as on 01.09.2007 of sum insured of Rs. 5,00,000/- issued by the LIC for
their agents ... terms
and conditions to the policy holder agent Hemlataben and even
otherwise Hemlataben was the agent of LIC since more than 17 years
deceased") who was
working as an LIC agent vide LIC Agent's Licence No. 061 216874
(hereinafter referred ... deceased Anand Kumar Jha as LIC Agent with LIC of India,
alongwith accrued interest, if any.
13. The succession certificate
agent and a
million dollar roundtable life membership, both of which, according
to the petitioner, are conferred upon only to agents who have
served their ... India (Agents) Regulations, 1972, now amended as
Rule 23(1) of Life Insurance Corporation of India (Agents)
Regulations, 2017, I do hereby order that
