Insurance Commission Calculator — Agent Commission & Earnings
Calculate your insurance agent commission earnings with our free commission calculator. Estimate first-year commission, renewal commission, and total earnings for life, health, and motor insurance policies in India.
How to use Insurance Commission Calculator — Agent Commission & Earnings India | InsuredBoard
Select insurance type
Choose life insurance, health insurance, or motor insurance.
Enter policy details
Provide premium amount, commission rate, and number of years for renewal tracking.
Calculate first-year commission
Get your FYC amount based on the insurer's commission structure.
Calculate renewal commissions
See your passive income from renewal commissions for years 2-5.
View total earnings projection
See cumulative earnings over the policy term including persistency bonus estimates.
Frequently Asked Questions
What is first-year commission (FYC) in insurance?
First-year commission (FYC) is the commission an agent earns from the first premium payment. Life insurance FYC ranges from 2% to 35% depending on the plan type and premium amount. Term insurance typically has the lowest FYC (2-5%), while endowment and ULIP plans have higher FYC.
How is renewal commission calculated?
Renewal commission is paid from the 2nd policy year onwards. For life insurance, it ranges from 2% to 7% of the renewal premium for years 2-5. For health insurance, renewal commission is typically 5-15% depending on the product.
Do insurance agents earn commission on motor insurance?
Yes. Insurance agents earn commission on motor insurance premiums, typically ranging from 2.5% to 15% depending on the type of policy (comprehensive vs. third-party) and the vehicle type (car vs. bike).