I have a client with whom i have shared a very old relation and trust. Due to market conditions and high premium he have started exploring markets for premium for his cars. I am an agent having 2 agencies where i can place business. The problem i am facing is that Insurance hub named agency are sharing cashback with clients and buying business from market. I have no objection if the business is placed somwhere else. But the quote shared by me is same as shared by Insurance hub and above that quote they are giving cashback. I lost a mercedes case beacuse of cash back of approx 9000./- . I don’t practice such cash back system as this is my income. I have a proof against theses people which i have already shared with IRDAon thier mail id. But there seems to be no positive response from anywhere. IRDA listen to only policy holder. Why would a policy holder make a complaint when he is being benefited. I even discussed with Insurance hub to stop such malpractice but they don’t bother and said to do complain wherever i want. Who is there to listen, this is why these people don’t care and are not afraid to do anything wrong in market. Please help … Really need to stop this. I do not have large business or a brokership firm. I am handling things alone and even if a small case is lost it effects me as it spoils my trust and relationship with client. Now clients have started asking for cashbacks.

Regards
namit1malhotra@gmail.