Creative Solutions – LIC Agent Career

AGENCY REMUNERATION

The remuneration will be paid to you in the form of Commission as percentage of premium collected through the policies sold by you.
It is not a one-time commission on a sale made by you. It provides you the royalty income throughout the term of policy. As long as policy holder pays the Premium you will get the Commission. Moreover thie Commission is hereditary i.e.it will be paid to your nominees even after your Death.

The Commission rates on regular premium policies are as under:

1st Year Commission

2% to 25%

Depending up on the type & terms of the Policy.
1st Year Commission

Bonus Commission

40%

Of First Year Commission.

Bonus Commission

2nd & 3rd Year of Policy

7.5%

Depending up on the type & term Of the Policy.

2nd & 3rd Year of Policy

4th Year Onwards (Renewal Commision)

5%

Depending up on the type & term of the Policy.

4th Year Onwards (Renewal Commision)

Example of Commission on Endowment Type of Policy of term 15 Years and above:

1st Year Commission

25% of Premium

1st Year Commission

Bonus Commission

40% of First Year Commission(i.e.10% of Premium)

Bonus Commission

Total 1st yr.Commission

35% Of Premium.

Total 1st yr.Commission

2nd & 3rd Year of Policy

7.5% of Permium

2nd & 3rd Year of Policy

4th Year Onwards

5% of Permium

4th Year Onwards
Year First Year Premium Expected Commission
1st Year
2nd Year
3rd Year
4th Year
5th Year
1
12,00,000
4,20,000
90,000
90,000
60,000
60,000
2
24,00,000
8,40,000
1,80,000
1,80,000
1,20,000
3
36,00,000
12,60,000
2,70,000
2,70,000
4
48,00,000
16,80,000
3,60,000
5
60,00,000
21,00,000
Total
4,20,000
9,30,000
15,30,000
29,10,000
29,10,000

Our Training program is designed in such a way that you will qualify for MDRT and Chairman Club Membership within 3 years of your Agency.

This will insure that your income will be at least per month within 3 years' time.