Hi,
Could you please let me know what is the Commission Structure for LIC Agents? I am working as sales executive in DSA and looking for career in LIC.
Regards,
Gaurav
Printable View
Hi,
Could you please let me know what is the Commission Structure for LIC Agents? I am working as sales executive in DSA and looking for career in LIC.
Regards,
Gaurav
Please find the list of commission income from premium amount -
Plan - First Year Premium 2nd & 3rd Year 4th Year onwards
1- Whole life 25% 7.5% 5%
2- Endowment 25% 7.5% 5%
3- Moneyback 15% 10% 6%
Note: This calculation has been made on the basis of existing LIC products in the market and is only indicative. :rolleyes:
Thanks DeepBlue for the commission structure.
Could you please also provide the commission structure for ULIP Plans.
Thanks in Advance.
On most of the standard policies commission shall be paid as per the following rates -
- Up to 25% of 1st year premium with 10% Bonus Commission
- Up to 7.5% of 2nd and 3rd year premium
- Up to 5% thereafter till the policies continues
Note - Every time a policy holder pays his installment premium, the agent receives his commission
Check attachment for commission on all LIC policies.