When it comes to income, everyone likes to earn more money. That is why we work more hours for more income, find other means of income and work hard. After all, money only makes life comfortable, right? So have you thought about making insurance sales a source of income?

how much money will i earn selling insurance


Selling insurance is a very lucrative profession. There are countless opportunities to earn money in it. By making a career in insurance sales, you-


Can get unlimited income

Can be your own boss

Can work at any time

Can continue work even after retirement

So many people are interested in selling insurance. Those who come in this profession not only earn money but also make a name for themselves in the insurance industry. Do you understand the possibility of earning more from insurance sales? Perhaps many of you may not understand this. Therefore, complete guidance is presented so that you will understand how to earn money by selling insurance?


Different stages of earning in insurance

When you sell an insurance policy, you earn money in three steps or ways which are as follows-


First year commission

The first year commission on all insurance policies sold by you is the first step in earning your money. Whether you sell life insurance or general insurance, you become entitled to the first year commission on bringing the premium.


Renewal commission

If you are thinking that you will get first year commission only from insurance policy then you are wrong. Every year when your customers renew their insurance policy and pay the renewal premium, you also get a renewal insurance commission. This commission is also added according to the renewal premium. The renewal commission is particularly relevant in the context of life insurance policies that are of a fixed duration.


Rewards and Recognition

As per our promise, your income from selling insurance will not be just as commission. Under the Rewards and Recognition Program, if you meet the set sales standards, you are presented with gifts in the form of cash etc. In addition, an internationally recognized seminar is organized every year for the best performing insurance agents. Goes. It honors the achievements of insurance sales leaders.


Commission form


Without knowing the exact figures, just knowing that you will get attractive insurance commission is not enough. After all, a clear picture emerges from the figures, right? Following are the details of the commission received from various insurance policies-

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Motor Insurance Policy (Both Car and Bike Insurance


Comprehensive Insurance Policy on Private Car - Premium paid on On-Damage (OD) Cover up to 19.5%
Premium paid on Comprehensive Insurance Policy-on-Damage (OD) cover on commercial vehicle up to 19.5%
Premium paid on Comprehensive Insurance Policy - On-Damage (OD) cover on two-wheelers up to 22.5%
Third-party policy on all types of vehicles - premium paid annually up to 2.5%

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Life Insurance Policy


Policy with Regular Premium Option Payment - Up to 30% of premium paid annually
Single Premium Option Paid Policy - Single Paid Premium up to 2%

Term life insurance policy


Policy with Regular Premium Option Payment - Up to 30% of premium paid annually
Single Premium Option Paid Policy - Single Paid Premium up to 2%


Health insurance policy

Annual premium up to 15%

source;-https://www.irdai.gov.in/ADMINCMS/cms/frmGeneral_NoYearLayout.aspx?page=PageNo3305&flag=1