INSURANCE INSIGHTS
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JULY 2017
42
Motor Insurance
S. No. Line of Business
Maximum Commission/ remuneration payable to
insurance agents/ insurance intermediaries
1
Motor (Comprehensive)
Commission/ remuneration shall be payable only to the OD por-
tion of the Motor (Comprehensive) policy.
15%
2
Motor (Stand-alone TP)
2.5%
Commission Range for Health Insurance
The maximum rate of commission payable is as below -
Health Insurance (General & Stand-alone Health Insurers)
S. No.
Line of Business
Commissions/Remuneration
1
Health-Individual (Individual includes annual premium, 3 years
single premium, 3 years regular premium)
15%
2
Health-Group (Employer-Employee only) - Annual
7.50%
3
Health-Group (Non Employer-Employee groups – not formed
solely for availing insurance as defined in IRDA Group Guidelines
of 14th July, 2005) – Annual
15%
4
Health – Group (credit linked upto 5 years)
15%
5
Health-Govt Scheme
As specified in the Government Scheme/ Notification
else as per Health – Group (Employer- Employee only) -
Annual segment
