Commission calculation looks simple - until you handle 4 insurers, 12 products, 3 sub-agents and a TDS slab.

FYC vs Renewal Slabs

FYC is highest - 25-40% for life, 15-25% for health, 10-15% for motor OD. Renewal commission drops to 5-10%.

Multi-Insurer Variations

Each insurer publishes its own slab. LIC has 12+ product slabs. HDFC Life has 8+. Maintaining manually is unrealistic.

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Sub-Agent Split Math

Senior agent + sub-agent split happens after insurer commission. Common splits: 60/40, 70/30.

TDS and Final Take-Home

5% TDS deducted by insurer at source. Net = gross - TDS - sub-agent share.

FAQ

Life - 25-40% in year 1.

Drops sharply to 5-10%.

After insurer commission, before TDS.

5% above Rs.15,000.

Yes - Agenex's commission engine.