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 through out 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.
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 7.50% 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
Your Expected Commission for Next 5 years
Expected Premium | 1st year | 2nd year | 3rd year | 4th year | 5th year |
12,00,000 | 4,20,000 | 90,000 | 90,000 | 60,000 | 60,000 |
24,00,000 | 8,40,000 | 1,80,000 | 1,80,000 | 1,20,000 | |
36,00,000 | 12,60,000 | 2,70,000 | 2,70,000 | ||
48,00,000 | 16,80,000 | 3,60,000 | |||
60,00,000 | 21,00,000 | ||||
TOTAL | 4,20,000 | 9,30,000 | 15,30,000 | 21,90,000 | 29,10,000 |