What is MLM in insurance?

MLM stands for Multilevel Marketing. Multilevel marketing is a lawful business policy used by some of the direct sales companies to sell their products and services. Subsisting members are encouraged to promote and sell their offerings to other customers and bring on new volunteers into the business.
Customers bring in new customers for which they get an incentive. Multi Level marketing has proved to be an easy to understand method for common people. In insurance it helps in managing the policy numbers, receipt details from insurance companies, renewals, free look up period for the policies, cheque clearance notification and many more other features that puts a person in a very comfortable situation to run his or her company with a greater ease.