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Thread: Commission Structure for LIC Agents -

  1. #1
    NewBie
    Join Date
    Apr 2009
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    Bhopal
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    14

    Default Commission Structure for LIC Agents -

    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


  2. #2
    PolicyWala Member
    Join Date
    Feb 2009
    Location
    Gurgaon
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    29

    Lightbulb

    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.

  3. #3
    Moderator CONFUSED's Avatar
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    Apr 2009
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    Mumbai
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    Default

    Thanks DeepBlue for the commission structure.
    Could you please also provide the commission structure for ULIP Plans.

    Thanks in Advance.
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  4. #4
    PolicyWala Fan
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    Red face

    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.
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