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Home » Blog » Lic Agent » LIC Agent Commission Chart 2015 Review

LIC Agent Commission Chart 2015 Review

April 1, 2016 By vijay kumar

Contents

  • 1 LIC Agent Commission
  • 2 Commission Details
  • 3 LIC Agent Commission Types

LIC Agent Commission

LIC Agent Commission get varies from policy to policy and also varies based on the policy period or term of the policy. If the Policy term is higher, the Commission of LIC Agent becomes higher. The first Lic agent commission will be dependent on Term of the policy and type of the Policy (Endowment, Money back, etc.). Here we have provided the information about the commission that an LIC agent get for the varying term periods and various policy. Lic Agent Commission in Insurance is based on the type of the Policy that is also available in our website.

Commission Details

  • First Commission: Depending on Term of the policy and type of the Policy (Endowment/ Money back, etc.).
  • First Year Commission: Commission payable on the First year premium.
  • Bonus Commission: Subject to conditions.
  • Renewal commission: Depending on Term of the policy & type of the Policy.

LIC Agent Commission Types

Lic agent commission depending on Term of the policy and type of the Policy i.e., Endowment and Money Back are,

YEAR
1st Type
(ENDOWMENT)
2nd Type
(MONEY BACK)
1st YEAR   25% 15%
BONUS COMM.   40% OF COMM 40% OF COMM
2nd YEAR   7.5% 10%
3rd YEAR   7.5% 10%
4th YEAR onwards   5% 6%
1st YEAR   25% 15%
Example:
If  10,000 Rs/-  collected  as  Yearly  premium  for  a  20  year Policy term  and  the  Policyholder  pays  the  Premium  Regularly,
The  Benefits  are:
ENDOWMENT TYPE MONEY BACK TYPE
1st  Year   :10000 X  25%       –    2500
     Bonus  :  2500 X  40%       –    1000
2nd  Year  :10000 X 7.5%      –      750
3rd  Year   :10000 X 7.5.%     –      750
4th Year     :10000 X  5%        –     500
5th Year     :10000 X  5%        –     500
6th Year     :10000 X  5%        –     500
7th Year     :10000 X  5%        –     500
8th Year     :10000 X  5%        –     500
9th Year     :10000 X  5%        –     500
10th Year   :10000 X  5%        –     500
11th Year   :10000 X  5%        –     500
12th Year   :10000 X  5%        –     500
13th Year   :10000 X  5%        –     500
14th Year   :10000 X  5%        –     500
15th Year   :10000 X  5%        –     500
16th Year   :10000 X  5%        –     500
17th Year   :10000 X  5%        –     500
18th Year   :10000 X  5%        –     500
19th Year   :10000 X  5%        –     500
20th Year   :10000 X  5%        –     500
TOTAL       :                              – 13500
1st  Year   :10000 X  15%      –       1500
     Bonus  :  1500 X  40%       –       600
2nd  Year  :10000 X 10%       –     1000
3rd  Year   :10000 X 10%       –     1000
4th Year     :10000 X  6%        –      600
5th Year     :10000 X  6%        –      600
6th Year     :10000 X  6%        –      600
7th Year     :10000 X  6%        –      600
8th Year     :10000 X  6%        –      600
9th Year     :10000 X  6%        –      600
10th Year   :10000 X  6%        –      600
11th Year   :10000 X  6%        –      600
12th Year   :10000 X  6%        –      600
13th Year   :10000 X  6%        –      600
14th Year   :10000 X  6%        –      600
15th Year   :10000 X  6%        –      600
16th Year   :10000 X  6%        –      600
17th Year   :10000 X  6%        –      600
18th Year   :10000 X  6%        –      600
19th Year   :10000 X  6%        –      600
20th Year   :10000 X  6%        –      600
TOTAL       :                                –  14300
FOR SINGLE PREMIUM — COMM. IS 2 %

* From 2nd Year onwards Commission you get is called Renewal Commission.

Filed Under: Lic Agent Tagged With: lic agent commission chart, www licindia in

Comments

  1. balakrishna says

    October 28, 2017 at 11:53 pm

    Hi sir,
    i want commission chart of jeevan anand (815) & jeevan labh (836) policy tabbles

    Regards,
    Balakrishna

    Reply
  2. Sanjeev says

    October 28, 2017 at 9:26 pm

    Sir,i am not understandind what is the extra benefit of 2% on single premium & i also want to this extra benefit is for which customers or agent

    Reply
  3. Arti saket agrawal says

    October 4, 2017 at 10:04 pm

    i want commission chart of limited premium endownment policy table no 830-12- 9.

    Reply
  4. stella says

    September 19, 2017 at 8:42 am

    Without agent u dont get any insurance. If the agents give good services, it makes u to get good returns for ur money.

    Reply
  5. ayan bose says

    July 16, 2017 at 11:27 pm

    i want commission chart of jeevan umang policy table no 845.

    Reply
    • Radhakanta Paramanik says

      October 3, 2017 at 9:01 pm

      I like to commission of jeevan umang.pls clarify

      Reply
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