The Insurance Regulatory and Development Authority has reduced the mandatory pass percentage in the pre-recruitment exam for insurance agents from the existing 50 per cent to 35 per cent.
The reduction was in view of requests from all the stakeholders and a decrease in the number of candidates appearing for the recruitment examination.
“Therefore, considering the fact that the agents are under the direct supervision of marketing officials of insurers who train on-the-job continuously, it has been decided to reduce the pass percentage benchmark to 35 per cent from existing 50 per cent,’’ Sudhin Roy Chowdhury, Member-Life, IRDA said.