Income

Income

The remuneration will be paid to you in the form of Commission as percentage of premium collected through the policies sold by you

It is not a onetime commission on a sale made by you.

It provides you the royalty income throughout the term of policy.

As long as policy holder pays the Premium you will get the commission.

Moreover this commission is hereditary i.e. it will be paid to your nominees even after your death.

The Commission rates on regular premium policies are as follows

First year Commission 4% to 25% depending up on the type & term of the policy
Bonus Commission 40% of first year commission

Renewal Commission

2nd and 3rd year of policy 2% to 7.5% depending up on the type and term of policy
4th year onwards 2% to 5% depending up on the type and term of policy

Example of Commission on Endowment type of policy of Term 15 years and above

1st Year Commission 25% of Premium
Total 1st Year Commission 35% of Premium

Renewal Commission

2nd & 3rd Year of policy 7.5% of Premium
4th Year onwards 5% of Premium

Income

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