Do you think this is unfair?

[Jason Voorhees]

So my cousin recently wrote the IRDA exam. Basically an exam that allows people to issue insurances not very tough. Anyone can pass the tests with like a week worth of study. And this license allows you to give insurances and get a 10-20% commission on the premiums. Now my dad being the finance head routes it all through his name. There's nobody above my dad in the decision making process so he has the complete authority to select the agent he wants. So instead of giving it an outsider he keeps it in the family.

All big insurances of his company and even personal ones get stamped with his name and his team manages everything and does the due diligence so he is still acting in the best interest of the company and it clears internal audits with 0 problem and he gets free money sitting at home doing nothing.

 

[Jason Voorhees]

@Chadeep @browncurrycel @dhusc @imontheloose @Sprinkles

 

[Jason Voorhees]

@tansel @Swarthy Knight @Glorious King @dictator

 

[Jason Voorhees]

@unstable @Pony

 

[tansel]

 

[Aox Ofwar]

It's very fair

Give me money

 

[dictator]

yea lowk no matter what he gets paid

but i can’t say i wouldn’t do the same thing

 

[Jason Voorhees]

I thought you'd have a more nuanced take since you in business analytics

 

[browncurrycel]

wont be an issue unless you have to get a report from an external auditor right

 

[Jason Voorhees]

wont be an issue unless you have to get a report from an external auditor right

Even with an external it is mostly fine. As long as the insurance claims are settled and premiums stay low, nobody even cares and he is still a licensed agent on paper so he still won the buisness

 

[Banned User]

insurance a money farm

 

[tansel]

I thought you'd have a more nuanced take since you in business analytics

i’m still too scared to commit to it dude

 

[browncurrycel]

premiums stay low

yeah if its low, it shouldnt attract any attention. but if its a big sum the auditor would comlain about conflict of interest, blah blah.

 

[Jason Voorhees]

@Jgns

 

[unstable]

well india hai chalta hai

 

[Nectar]

Mogs me financially

 

[dhusc]

So my cousin recently wrote the IRDA exam. Basically an exam that allows people to issue insurances not very tough. Anyone can pass the tests with like a week worth of study. And this license allows you to give insurances and get a 10-20% commission on the premiums. Now my dad being the finance head routes it all through his name. There's nobody above my dad in the decision making process so he has the complete authority to select the agent he wants. So instead of giving it an outsider he keeps it in the family.

All big insurances of his company and even personal ones get stamped with his name and his team manages everything and does the due diligence so he is still acting in the best interest of the company and it clears internal audits with 0 problem and he gets free money sitting at home doing nothing.

I have no clue what ur talking about but u rep so ill rep back

 

[Jason Voorhees]

I have no clue what ur talking about but u rep so ill rep back

I just explained the entire process nigga

 

[Jgns]

I mean if ur family members are qualified id say no. It’s u and ur family against the world right, u gt take the biggest slice of the pie u can cause noone would hand u it themselves.

 

[stonecold trucel]

not sure bro

 

[Glorious King]

So my cousin recently wrote the IRDA exam. Basically an exam that allows people to issue insurances not very tough. Anyone can pass the tests with like a week worth of study. And this license allows you to give insurances and get a 10-20% commission on the premiums. Now my dad being the finance head routes it all through his name. There's nobody above my dad in the decision making process so he has the complete authority to select the agent he wants. So instead of giving it an outsider he keeps it in the family.

All big insurances of his company and even personal ones get stamped with his name and his team manages everything and does the due diligence so he is still acting in the best interest of the company and it clears internal audits with 0 problem and he gets free money sitting at home doing nothing.

if @Mogs Me could provide some interesting take on this

ill delete asap

 

[Glorious King]

Also i dont think its unfair

cus it's literally applying GAME THEORY

and reaping the benefits


im sure somedays you must wonder , you did nothing yet you are getting paid

same thing applies here

 

[LooksOrDeath]

I have no clue what ur talking about but u rep so ill rep back

 

[Chadeep]

If Reservation is fair then why not this.

 

[kisslessvirgin]

don't think there is anything wrong with that at all.

 

[kisslessvirgin]

what do you believe is the issue?