Commission Structure for LIC Agents -

[gaurav84]

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

[Deep Blue]

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.

[CONFUSED]

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

Thanks in Advance.

[Contractor]

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