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amitz
20-08-2010, 05:49 PM
I am presently working as LIC Agent. Looking forward to take agency for a Pvt. General Insurance Company to serve my existing clients and increase my earning. Could you please tell me the commission, an agent earn in general insurance business? Initially, I would be focussing in Health and motor Insurance business.

Krypton
20-08-2010, 06:24 PM
As far as my little knowledge goes, Agency commission for motor insurance is 15%.

CONFUSED
20-08-2010, 06:42 PM
As far as my little knowledge goes, Agency commission for motor insurance is 15%.Previously it used to be 15%, but now, the commission for compulsory business like Motor, Workmen Compensation, Liability etc is reduced to 10%.
The commission structure as published by IRDA in their annual report is -
http://www.policywala.com/attachment.php?attachmentid=93

Nidhi
23-08-2019, 01:38 PM
Hi,
According to my knowledge, Agents can take up to 20% commission from clients .