The Commission rates of LIC agent on regular premium policies are as under:

First year Commission : 4% to 25% depending up on the type & term of the policy. Bonus Commission : 40% of first year commission.

Renewal Commission:

2nd and 3rd year of policy: 2% to 7.50% depending up on the type and term of policy. 4th year onwards : 2% to 5% depending up on the type and term of policy.

Example of Commission on Endowment type of policy of Term 15 years and above: 1st Year Commission : 25% of Premium.

Bonus Commission 40% of first year Commission (i.e. 10% of Premium) Total 1st Year Commission : 35% of Premium

Renewal Commission:

2nd & 3rd Year of policy : 7.5% of Premium 4th Year onwards: 5% of Premium