QUARTERLY DEFERRED COMMISSION

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QUARTERLY DEFERRED COMMISSION

Deferred Commission at Policy level as per below Grid ** Advisor qualification will be on WNBRP slab.
Deferred commission payout at individual POLICY level as
Product Commission level Grid per Product Commission level Grid
Qtr WNBRP 10-14% 15-19% 20-24% 25-29% >=30%
> Payout subject to below mentioned modifier grid
<100000 0.00% 0.00% 0.00% 0.00% 0.00%
100,000 0.75% 1.00% 1.25% 1.50% 1.75% Persistency modifier for Quarterly earning

150,000 1.25% 1.50% 2.00% 2.50% 3.00% 13th month Persistency – Modifier
Persistency % Payout
235,000 1.50% 2.00% 2.50% 3.00% 3.50% <65 % 0%
350,000 1.75% 2.50% 3.00% 3.50% 4.00% 65% - 69.99% 60%
70% - 74.99% 80%
*Below products not included for Deferred commission payout :
Protection & Health, Riders, Ulip, SIP, MIP, Flexi Save (<10yr PPT),
>=75% 100%
Standard WNBRP wtg will be applied during the calculation New Advisors those will not fall in 13th month block will be
calculated basis overall persistency

Illustration –
Advisor with 3.5lac WNBRP business in JFM quarter and 13th month persistency at 90%.
In such cases Advisor will be eligible for 3% deferred commission on policy sold at 22% commission rate ( Child Adv 12pay of 2 lac WNBRP ) &
4% deferred commission for policy sold at 31% commission rate (GIP 15pay of 1.5 lac WNBRP) as per Def deferred commission grid
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DEFERRED COMMISSION - NOTES

• Deferred commission will NOT be paid for below Products. Payout will be as per slab
Type Products PPT
Elite Secure
Protection & Income Protection Plan
Health Triple health
Other plan in this category
Premium Waiver Rider
Accidental Death Benefit Rider All
Riders
Hospi Cash Rider
Other Riders
Ulip Future Invest
Monthly Income Plan
Traditional product Secure Income Plan
Flexi Save <10yr PPt

• New products to be reviewed at time of launch & confirmation on deferred

commission will be shared accordingly
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 Key Terms & Conditions

 All the calculations will be "Net of Service Tax"

 Only In-force policies at the time of result calculation, will be considered
 Payouts will happen subject to premium realization by the company.
 Any CDA post contest payouts will result into recovery of the same.
 Payout are indicative and company reserves the rights to change them without any prior notice
 Income Tax, rate as applicable to winner will be borne by the company
 Any tax liability, registration charges and / or insurance premium whatever applicable need to be borne by the contest winner.
 Cheque bounce cases to be counted only if re-submitted & policy issued before the Issuance period closure
 Contest conditions apply. Management reserves the right to change the rule without any prior notice
 Payouts to subject to only if the advisor is active in the system
 In Monthly Mode policies Only collected premium will be considered for contest calculation , there will be no exceptions given
for advance premiums
 IMP : Split policies will not be considered and such policies will be nullified. i. e. multiple polices from the same customer with
same product and same life Insured and same month (irrespective of paying term) will be excluded from the contest.
 For internal circulation only

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Thank You

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