Who underwrites broker direct?
Rentguard insurance products are underwritten by Axa, Ageas, Fairmead, RSA and more. As such, we’re confident Rentguard can offer discounted insurance with trustworthy names, while achieving a personal touch. Rentguard have years of experience and a focus on excellent customer sales care.
Who owns broker direct?
Over 70% of the shares of this company are owned by brokers and many of Broker Direct’s shareholders are the firms which place business through them. Broker Direct now employs over 175 staff members.
What is a direct broker?
Ans: Direct Broker means an insurance broker, registered by the Authority, who for a remuneration and/or a fee, solicit and arranges insurance business for its clients with insurers located in India and/or provides claim consultancy, Risk Management services or other similar services, permitted under IRDAI (Insurance …
What is composite broker?
Composite broker means an insurance broker who for the time- being licensed by the Authority to act as such, for remuneration, arranges insurance for his clients with insurance companies and/or reinsurance for his client(s).
What is direct broker?
How much do brokers charge to sell shares?
Stock Brokerage Fee Breakdown The standard commission for full-service brokers today are between 1% to 2% of a client’s managed assets. For example, Tim wants to purchase 100 shares of Company A at $40 per share.
How much should an insurance broker charge?
Most commissions are between 2% and 8% of premiums, depending on state regulations. Brokers sell all insurance types, including health insurance, homeowner insurance, accident insurance, life insurance, and annuities.
What is the registration fees of the direct broker?
Application for grant of Registration Certificate
| Particulars | Application Fee | For renewal (3 year validity) |
|---|---|---|
| Direct Broker | Rs. 25,000 | Rs. 1,00,000 |
| Reinsurance Broker | Rs. 50,000 | Rs. 3,00,000 |
| Composite Broker | Rs. 75,000 | Rs. 5,00,000 |