(Q) What is the new commission of RPLI?
(A) it is 10% for first year premium (first 12 months) and 2.5% for the subsequent premium(13th month to last installment of policy) w.e.f 1.10.2009
(Q) What is the commission of PLI
(A) 0.25% of the sum assured
^In addition to existed incentive rate payable to direct agent and FOs (PLI)on sum assured basis,(250/100000),2% commision on renewal premium collected by them on cash policies procured on or after 01.10.2009 will also be payable.
ReplyDeleteAn additional commmission of 1.5% of premium will also be paid to group leaders/entrustees for collecting premium towards 1000 or more RPLI policies procured on or after 01.10.2009.But who is this group leaders?
ReplyDeletewhat is the imo ?
ReplyDelete