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Remuneration
Remuneration
  • 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 one time commission on a sale made by you.
  • It provides you the royalty income throughout the term of policy.
  • As long as policyholder 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 under:
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.
Bonus Commission : 40% of first year Commission (i.e. 10% 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

Sample Illustrations
Expected Premium Expected Commission
1st year 2nd  year 3rd year 4th year 5th year 6th year 7th year 8th year
900000 315000 67500 67500 45000 45000 45000 45000 45000
990000   346500 74250 74250 49500 49500 49500 49500
1089000     381150 81675 81675 54450 54450 54450
1197900       419265 89843 89843 59895 59895
1317690         461192 98827 98827 65885
TOTAL 315000 414000 522900 620190 727209 337619 307672 274730
Assumptions:
  • If you do 5 policies of Rs.15000 per month
  • There is a 10% growth in your business every year
  • Even if stop working after 5 years, there is an assured income for next 20-25 years