LIC's Commission rates

LIC's Commission rates are dependent on the following factors :-

1. Premium being paid
2. Type of insurance plan
3. Total duration of premium payment under the plan

UNDER ENDOWMENT PLANs, INCLUDING JEEVAN ANAND PLAN, if the TOTAL PERIOD OF PREMIUM PAYMENTs is 15 years or more commission rates are :

1st Year Prem.	2nd & 3rd Years’ Prem.	Subsequent Years
35% including bonus commission	7.5% on each prem.	5% on each prem.

If the TOTAL PERIOD OF PREMIUM PAYMENTS is 10 to 14 years, rates are :

1st Year Prem.	2nd & 3rd Years’ Prem.	Subsequent Years
28% including bonus commission	5% on each prem.	5% on each prem.

If the TOTAL PERIOD OF PREMIUM PAYMENTS is 05 to 09 years, rates are :

1st Year Prem.	2nd & 3rd Years’ Prem.	Subsequent Years
14% including bonus commission	5% on each prem.	5% on each prem.

Under Money Back Plans ( TOTAL PERIOD OF PREMIUM PAYMENTs 15 years or more ) commission rates are :

1st Year Prem.	2nd & 3rd Years’ Prem.	Subsequent Years
21% including bonus commission	10.0% on each prem.	6% on each prem.

Single Premiums Bonds: If mode of premium payment is SINGLE PREMIUM, i.e. entire premium is payable at the inception, like under Bima Nivesh Triple Cover commission rate is 2% of premium