Schedule I
Life Insurance – Reg 5(b)

Table I – Single Premium

S.No Category of Life Insurance Product or Policy Maximum Commission/ Remuneration on Single Premium payable to insurance agent/ insurance intermediary
1 Single Premium  
A All individual life products except pure risk products 2%
B Individual Pure Risk products 7.5%
C Individual Immediate/ Deferred Annuity 2%
D One year renewable group pure risk insurance 5% of premium paid during the year or Rs 10 lakhs whichever is less
E Group Pure Risk (incl Group credit) 5%
F Group Savings Variable Life Insurance 2%
G Group Fund based 0.5% of premium paid during the year or Rs10 lakhs whichever is less

Table II- Regular Premium

S.No Category of Life Insurance Product or Policy Maximum Commission/ Remuneration on Regular Premium Products or Policies payable to insurance agent/ insurance intermediary
    First Year Premium Renewal Premium
1 Regular Premium    
A Individual Pure Risk 40% 10%
B Individual Other than Pure Risk    
i) In respect of policies with premium payment terms of    
  5years 15% 7.5%
  6years 18% 7.5%
  7years 21% 7.5%
  8years 24% 7.5%
  9years 27% 7.5%
  10years 30% 7.5%
  11years 33% 7.5%
  12years or more 35% 7.5%
C Individual Deferred Annuity / Pension 7.5% 2%
D Group Pure Risk (incl Group credit) and Group Savings Variable Life 7.5% (only on pure risk premium) 7.5%
E Government Scheme-Life-Health As per Government Notification As per Government Notification
Schedule II

Health Insurance (General & Stand-alone Health Insurers) Reg 5 (C)

The maximum commission or remuneration as a percentage of premium that is allowed for health
insurance products offered by general insurers or stand-alone health insurers is as under:

S.No Line of business Commissions/ Remuneration
1 Health-Individual* 15%
2 Health-Group (Employer-Employee only) – Annual 7.5%
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 up to 5 years) 15%
5 Health-Govt Scheme As specified in the Government Scheme/Notification

*- Individual includes annual premium, 3 years single premium, 3 years regular premium

Schedule III

General Insurance (Other than motor)- Reg 5(d)

The maximum commission or remuneration as a percentage of premium that is allowed for general
insurance (other than motor) is as under:

S.No Line of business (Other than Motor) Maximum remuneration payable to insurance intermediary
1 Fire-Retail 16.5%
2 Fire-Corporate (Risks with S.I. < Rs 2,500 crs) 11.5%
3 Fire-Corporate (Risks with S.I. > Rs 2,500 crs) 5 6.25%
4 Marine-Cargo 16.5%
5 Marine-Hull 11.5%
6 Miscellaneous – Retail 16.5%
7 Miscellaneous – Corporate/ Group* 12.5%
8 Miscellaneous – Corporate (Engineering Risks with S.I. > Rs 2,500 crs) 6.25%

*- Commission/ remuneration shall be payable as per Government Notification

Schedule IV

Motor Insurance – Reg 5(e)

The maximum commission or remuneration as a percentage of premium that is allowed for general
insurance (motor) is as under:

S.No Year Maximum Commission/remuneration payable to insurance agents/insurance intermediaries
    Motor (Comprehensive) Motor (Stand-alone TP)
    Other than 2-wheeler 2-wheeler Other than 2- wheeler 2-wheeler
1 Certificate of registration – 1st to 3rd year 15% (OD portion) + (Nil - TP portion) 17.5% (OD portion) + (Nil - TP portion) 2.5% 2.5%
2 Certificate of registration – 4 th year onwards 15% (OD portion) + 2.5% (TP portion) 17.5% (OD portion) + 2.5% (TP portion) 2.5% 2.5%