Agency Remuneration for Care Health Insurance

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1.       PLI on C›ther than Explore

•        Below Table provides the Remuneration criteria for the Health Partner for FY‘1819 and onwards, effective from Jan 01, 2019. This monthly incentive based on New Business (excluding portability and taxes).

 

 

 

 

 

Upto 49,999

Monthly

15%

0%

50,000— 1,00,000

Monthly

15%

3%»

1,00,000— 1,50,000

Monthly

15%

5P

1,50,000— 2,00,000

Monthly

15%

7%«

2,00,000— 2,50,000

Monthly

15%

9%

Above 2,50,000

Monthly

15%

11x

 

 

 

 

 

 

 

 

 

 

 

Terms and Conditions for Other than Explore:

 

•            Above rate are for retail product only

•            GWP would be net of any cancellation including free IDok cancellation

•            Care, Care Super Saver (Offline mode), Care Senior Citizen, Super-Medicla im are

eligible for 1S% payout only.

•            Explore, Super-Mediclaim and Care Super Saver (Offline mode) product will not be included in above slab calculation.

•            Care business will be included for slab calculation.

•            En hance and secure rate will be 2607 if agent has done monthly GWP of Rs. 50000 or more

•            Retail business will be considered based on issued and accounted month (Posting month)

•            Payout frequency will be on fortnight basis and true up will be done on monthly basis.

 

 

 

 

 

 

 

 

 

 

 

2.      PLI on Explore

•        Following rate will be applicable for agents on explore business :-

 

 

 

 

 

Less than 25,000

Monthly

15%

10%

25,000 — 49,999

Monthly

15%

15%

50,000 - 99,999

Monthly

15%

20%

100,000 —1,50,000

Monthly

15%

25%

Above 1,50,000

Monthly

15%

27@

 

Terms and Condition:

Above rate for retail explore only

•        GWP would be net of any cancellation including free look cancellation

•        Explore business will be considered based on issued month (Batch month)

•        Payout frequency will be on fortnight basis and true up will be done on monthly basis.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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