Curious About Insurance Agents' Pay in India? Let's Discuss Minimum Wage Laws

biswasen655
What is the minimum wage of an insurance agent in India? Are they covered under the Minimum Wages Act? If they are not covered under the Minimum Wages Act, then under which act are they covered?
umakanthan53
Dear Biswas,

When you refer to a person as an agent, the compensation for the services rendered by such a person cannot be wages but "commission" only, based on the volume of business transacted or work done by them. The relationship is that of Principal and Agent, making such an engagement simply a "contract for service" and not a "contract of service" in the realm of employment. Therefore, it cannot be brought within the scope of any labor law.
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