First year Commission : | 4% to 25% depending up on the type & term of the policy. |
Bonus Commission : | 40% of first year 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. |
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 |
2nd & 3rd Year of policy | : 7.5% of Premium |
4th Year onwards | : 5% of Premium |
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 |