Minimum Wages For Insurance Agent - CiteHR
Cite.Co is a repository of information created by your industry peers and experienced seniors sharing their experience and insights.
Join Us and help by adding your inputs. Contributions From Other Members Follow Below...
what is the minimum wages of insurance agent in india? are they covered under minimum wages act? if they are not under minimum wages act then under which act they are ?
Dear Biswas,
When you call a person as an agent, the compensation for the services rendered by such a person can not be wages but " commission" only based on the volume of the business transacted or work done by him. The relationship being Principal and Agent, such an engagement is simply a "contract for service" and not a "contract of service" in the realm of employment and therefore it can not be brought within the fold of any Labour Law.

This discussion thread is closed. If you want to continue this discussion or have a follow up question, please post it on the network.
Add the url of this thread if you want to cite this discussion.

About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2020 Cite.Co™