Commission Structure of Insurance Products
Click here to download Bajaj Allianz Life POS Goal Suraksha Insurance Commission DetailsBajaj Allianz Life Insurance Company (BALIC):
|
Sr. No. |
Product |
Premium Term |
Commission % |
|
1 |
POS Goal Suraksha |
5 |
15.00% |
|
7 |
20.00% |
||
|
8 |
24.00% |
||
|
10 |
25.00% |
||
|
12 |
35.00% |
||
|
2 |
POS Smart protect Goal (Term Product) |
Single Premium |
7.50% |
|
3 |
POS Smart Protect Goal- Pure Risk Cover (Term Product) |
Regular/Limited premium |
40.00% |
|
4 |
POS Smart Protect Goal (Term Product) |
Single Premium |
2.00% |
|
5 |
POS Smart Protect Goal-Return of Premium (Term) |
5 |
15.00% |
|
6 |
18.00% |
||
|
7 |
21.00% |
||
|
8 |
24.00% |
||
|
9 |
27.00% |
||
|
10 |
30.00% |
||
|
11 |
33.00% |
||
|
12 and above |
35.00% |
||
|
6 |
POS Guaranteed Pension Goal (Annuity) |
Single |
2.00% |
|
7 |
POS Group Term Life |
1 Year |
5.00% |
TATA AIG General Insurance Company (TAGIC):
|
Sr. No. |
Product name |
Package Name |
LOB |
Vehicle Age |
Commission % |
||
|
OD |
TP |
Total Comm. % |
|||||
|
1 |
PRIVATE CAR INSURANCE POLICY |
Package Comprehensive |
Motor |
Less than 3 |
15.00% |
0.00% |
15.00% |
|
2 |
PRIVATE CAR INSURANCE POLICY |
Package Comprehensive |
Motor |
More than 3 |
15.00% |
2.50% |
17.50% |
|
3 |
MOTOR TWO WHEELER POLICY |
Package Comprehensive |
Motor |
Less than 3 |
17.50% |
0.00% |
17.50% |
|
4 |
MOTOR TWO WHEELER POLICY |
Package Comprehensive |
Motor |
More than 3 |
17.50% |
2.50% |
20.00% |
|
5 |
GROUP ACCIDENT GUARD |
GAG |
PA |
NA |
NA |
NA |
15.00% |
Bajaj Allianz General Insurance Company (BAGIC):
|
Sr. No. |
Product Name |
Line of Business |
Commission |
|
1 |
Private Car - Package Policy (Comprehensive) |
Motor 4W |
15% |
|
2 |
Two Wheeler - Package Policy (Comprehensive) |
Motor 2W |
17.5% |
|
3 |
Private Car - Liability Only Policy |
Motor 4W |
2.5% |
|
4 |
Two Wheeler -Liability Only Policy |
Motor 2W |
2.5% |
|
5 |
Two Wheeler Policy- Bundled |
Motor 2W |
17.5% |
|
6 |
Private Car- OD Only Policy |
Motor 4W |
15% |
|
7 |
Two Wheeler OD Only Policy |
Motor 2W |
17.5% |
|
8 |
Family Health Care |
Health |
15% |
SBI Life Individual Products : Product wise Commission ( The rates are subject to change from time to time with revision / modification in the product) :
|
S No |
Product Name |
Category |
Term |
RP / LPPT |
SP |
||
|
1 |
SBI Life - Shubh Nivesh (UIN - 111N055V04) |
Par - Savings |
Y 1 |
Y 2 & 3 |
Y 4+ |
SP |
|
|
Term 10 Yrs |
20.00% |
7.50% |
5.00% |
||||
|
Term 11-14 Yrs |
25.00% |
7.50% |
5.00% |
||||
|
Term 15-30 Yrs |
30.00% |
7.50% |
5.00% |
||||
|
All Terms |
NA |
2.00% |
|||||
|
2 |
SBI Life - Smart Shield (UIN - 111N067V07) |
Pure Risk |
Y 1 |
Y 2+ |
SP |
||
|
Term 5-9 yrs |
10.00% |
5.00% |
- |
||||
|
Term 10-14 yrs |
15.00% |
5.00% |
- |
||||
|
Term >=15 years |
20.00% |
5.00% |
- |
||||
|
All Terms |
NA |
6.50% |
|||||
|
3 |
SBI Life - Smart Champ Insurance (UIN - 111N098V03) |
Par – Savings |
Y 1 |
Y 2-3 |
Y 4+ |
SP |
|
|
Premium Payment Term 5-7 Years |
15.00% |
7.50% |
5.00% |
||||
|
Premium Payment Term 8-9 Years |
20.00% |
7.50% |
5.00% |
||||
|
Premium Payment Term 10-14 Years |
25.00% |
7.50% |
5.00% |
||||
|
Premium Payment Term 15-18 Years |
30.00% |
7.50% |
5.00% |
||||
|
All Premium Payment Term |
NA |
2.00% |
|||||
|
4 |
SBI Life -Smart Annuity Plus (UIN - 111N134V05) |
SP |
|||||
|
Annuity |
All Terms (SP) |
NA |
2.00% |
||||
|
5 |
SBI Life - Saral Jeevan Bima (POS product) (UIN - 111N128V01) |
Pure Risk |
Y 1 |
Y 2 + |
SP |
||
|
5 -9 year Term |
20.00% |
5.00% |
- |
||||
|
10 - 14 year term |
30.00% |
5.00% |
- |
||||
|
>=15 |
35.00% |
5.00% |
- |
||||
|
All Terms |
NA |
2.00% |
|||||
|
6 |
SBI Life - Smart Money Back Gold (UIN - 111N096V03) |
Par - Savings |
Y 1 |
Y 2-3 |
Y 4+ |
SP |
|
|
Option 1 |
20.00% |
5.00% |
2.50% |
2.00% |
|||
|
Option 2 |
25.00% |
5.00% |
2.50% |
||||
|
Option 3 |
30.00% |
5.00% |
2.50% |
||||
|
7 |
SBI Life - Saral Retirement Saver (UIN - 111N088V03) |
Traditional Par Pension |
Y 1 |
Y 2+ |
SP |
||
|
RP |
7.50% |
2.00% |
- |
NA |
|||
|
SP |
NA |
2.00% |
|||||
|
8 |
SBI Life - Smart Swadhan Plus (UIN - 111N104V02) |
Pure Risk with Return of Premium |
Y 1 |
Y 2+ |
SP |
||
|
LPPT & RP |
15.00% |
5.00% |
- |
NA |
|||
|
SP |
NA |
2.00% |
|||||
|
9 |
SBI Life - Smart Bachat (UNI - 111N108V03) |
Par – Savings |
Y 1 |
Y 2&3 |
Y 4+ |
SP |
|
|
6 Years Premium Payment Term |
10.00% |
5.00% |
5.00% |
NA |
|||
|
7 Years Premium Payment Term |
15.00% |
7.50% |
5.00% |
NA |
|||
|
10 Years Premium Payment Term |
20.00% |
7.50% |
5.00% |
NA |
|||
|
15 Years Premium Payment Term |
25.00% |
7.50% |
5.00% |
NA |
|||
|
10 |
SBI Life - Smart Platina Assure (UIN - 111N126V05) |
Non-par Savings |
Y 1 |
Y 2 &3 |
Y 4+ upto ppt |
SP |
|
|
7 Year PPT |
21.00% |
4.00% |
2.00% |
NA |
|||
|
10 Year PPT |
30.00% |
4.00% |
2.00% |
NA |
|||
|
11 |
SBI Life - eShield Next (UIN - 111N132V01) |
Pure Risk |
Policy Term = PT (in years) |
Y 1 |
Y2 - Y5 |
Y 6 + |
SP |
|
SP : PT 5 to 12 |
NA |
NA |
NA |
5.00% |
|||
|
SP : PT - 13+ |
NA |
NA |
NA |
7.50% |
|||
|
For RP & LPPT - PT - 5 to 9 |
15.00% |
5.00% |
Nil |
NA |
|||
|
For RP & LPPT - PT - 10 to 29 |
25.00% |
5.00% |
Nil |
NA |
|||
|
For RP & LPPT - PT - 30 + |
30.00% |
5.00% |
Nil |
NA |
|||
|
12 |
SBI Life - Smart Platina Plus (UIN - 111N133V03) |
Non Par - Savings |
Y 1 |
Y2 - Y3 |
Y4 - PPT |
SP |
|
|
7 Year PPT |
21.00% |
4.00% |
0.02 |
NA |
|||
|
8 Year PPT |
24.00% |
4.00% |
0.02 |
NA |
|||
|
10 Year PPT |
30.00% |
4.00% |
0.02 |
NA |
|||
|
13 |
SBI Life - Saral Swadhan Plus ( POS product) (UIN-111N092V03) |
Pure Risk with Return of Premium |
All Terms |
Y 1 |
Y 2 + |
- |
SP |
|
15.00% |
5.00% |
NA |
|||||
|
14 |
SBI Life - New Smart Samriddhi (POS product) (UIN-111N129V03) |
Non Par - Savings |
Y 1 |
Y 2-3 |
Y 4-PPT |
SP |
|
|
6 Years PPT |
18.00% |
4.00% |
0.02 |
NA |
|||
|
7 Years PPT |
21.00% |
4.00% |
0.02 |
NA |
|||
|
15 |
SBI Life - Saral Pension (POS product) (UIN - 111N130V02) |
Annuity |
All Terms ( SP) |
NA |
SP |
||
|
2.00% |
|||||||