New Delhi, May 8 -- PolicyBoss.com, a new-age insurance solutions provider, Wednesday launched two innovative features - Live Brokerage and InstaPay.
With these features, Point of Sales Persons (PoSPs) registered with the company can get real-time access to their earnings from selling the insurance policies and immediate realisation of the same.
Traditionally, insurance agents and PoSPs have to refer to complex grids to understand the income potential from commissions. Add to that, there are over 72 parameters that need to be considered for ensuring payout, a company statement said.
Usually, commission payments are made over 30-45 day payment cycles across the industry, and reconciliation efforts further take time. Hence, for the insura...