📌 Latest Incentive Rates – Postal Life Insurance (PLI)

📌 Latest Incentive Rates – Postal Life Insurance (PLI)

(Effective from July 2020, with clarifications in 2023)

🔹 Procurement Incentive (Non-Anticipated Endowment Policies)

• Premium paying term ≤ 15 years → 4% of first-year premium
• Premium paying term > 15 years and ≤ 25 years → 10% of first-year premium
• Premium paying term > 25 years → 20% of first-year premium

🔹 Procurement Incentive (Anticipated Endowment Assurance Family – WLA, CWLA, EA, Children, Yugal Suraksha)

• Term ≤ 15 years → 5% of first-year premium
• Term > 15 years → 7% of first-year premium

🔹 Renewal Incentive (PLI)

• 1% of renewal premium
• Applicable only to sales force (Development Officers are excluded)

🔹 Development Officer (DO) Incentive

• DOs earn 1% of the total new business premium procured by Direct Agents under them

🌾 Rural Postal Life Insurance (RPLI) Incentive Structure – 2025

(Higher incentive rates compared to PLI)

• Procurement of New Policies → 10% of first-year premium
• Renewal of Policies → 2.5% of renewal premium
• Special Incentive → Extra rewards for crossing annual targets