Results 1 to 4 of 4

Thread: commission for an agent in general insurance business

  1. #1
    PolicyWala Newbie
    Join Date
    Aug 2009
    Location
    India
    Posts
    12

    Question commission for an agent in general insurance business

    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.




  2. #2
    PolicyWala Fan
    Join Date
    May 2009
    Location
    India
    Posts
    84

    Default

    As far as my little knowledge goes, Agency commission for motor insurance is 15%.

  3. #3
    Moderator CONFUSED's Avatar
    Join Date
    Apr 2009
    Location
    Mumbai
    Posts
    390

    Default

    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 -
    Rules/Guidelines at PolicyWala | Help Old People |
    I am speaking from experience and my own personal views above - I am not an advisor, nor an expert.

  4. #4
    NewBie
    Join Date
    Aug 2019
    Location
    India
    Posts
    5

    Default

    Hi,
    According to my knowledge, Agents can take up to 20% commission from clients .


Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •