LICDEMO01

lic agents commission

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

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.

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