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  • 8/3/2019 Comm Brokers

    1/12

    Paid-up

    capital upto

    Rs.3 Crores

    Paid-up captial

    above Rs.3 Crores

    to Rs.25 Crores

    Paid-up

    capital

    above Rs. 25

    Crores

    Spl Disc in lieu of agency

    commission(for other than

    individual clients where paid-

    up capital is >Rs3 Crores)*

    Industrial All Risk Policy (For all covers

    other than Terrorism cover component)12.5 0 12.5 7.5 6.25 5

    Industrial All Risk Policy (For Terrorism

    cover component only)0 0 0 0 0 0

    Loss of Profit (For all covers other than

    Terrorism cover component)12.5 0 12.5 7.5 6.25 5

    Loss of Profit (For Terrorism cover

    component only)0 0 0 0 0 0

    Standard Fire Special Perils Policy (Forall covers other than Terrorism cover

    component)

    12.5 0 12.5 7.5 6.25 5

    Standard Fire Special Perils Policy (For

    Terrorism cover component only)0 0 0 0 0 0

    Fire Declaration Policy (For all covers

    other than Terrorism cover component)12.5 0 12.5 7.5 6.25 5

    Fire Declaration Policy (For Terrorism

    cover component only)0 0 0 0 0 0

    Floater Policy (For all covers other thanTerrorism cover component)

    12.5 0 12.5 7.5 6.25 5

    Floater Policy (For Terrorism cover

    component only)0 0 0 0 0 0

    Floater Declaration Policy (For all covers

    other than Terrorism cover component)12.5 0 12.5 7.5 6.25 5

    Fire Declaration Policy (For Terrorism

    cover component only)0 0 0 0 0 0

    11

    Mega Risk Package Policy (With

    terrorism cover upto Rs.200 crores) 0 0 0 0 0 0

    RI driven

    rate11 Stand Alone Terrorism cover 0 0 0 0 0 0

    21 Specific Policy 17.5 0 17.5 17.5 17.5 0

    21 Open Policy 17.5 0 17.5 17.5 17.5 0

    11

    11

    11

    11

    11

    MARINE CARGO:

    11

    REMARKS

    FIRE:

    Spl Disc in lieu of agency

    commission(for indiv clients)

    PRODUCT WISE COMMISSION STRUCTURE EFFECTIVE FROM 01-04-2004 FOR BUSINESS PROCURED THROUGH BROKERS IN RESPECT OF BUSINESS PROCURED FROMINDIVIDUAL AND OTHER THAN INDIVIDUAL CLIENTS

    DEPT POLICY DESCRIPTION INDIVIDUAL

    CLIENT

    RATE APPLICABLE

    OTHER THAN INDIVIDUAL CLIENTS

    HO/ITD/IBD* In respect of Govt departments where paid-up capital cannot be determined, 5% special discount may be allowed 1

  • 8/3/2019 Comm Brokers

    2/12

    Paid-up

    capital upto

    Rs.3 Crores

    Paid-up captial

    above Rs.3 Crores

    to Rs.25 Crores

    Paid-up

    capital

    above Rs. 25

    Crores

    Spl Disc in lieu of agency

    commission(for other than

    individual clients where paid-

    up capital is >Rs3 Crores)*

    REMARKSSpl Disc in lieu of agencycommission(for indiv clients)

    PRODUCT WISE COMMISSION STRUCTURE EFFECTIVE FROM 01-04-2004 FOR BUSINESS PROCURED THROUGH BROKERS IN RESPECT OF BUSINESS PROCURED FROMINDIVIDUAL AND OTHER THAN INDIVIDUAL CLIENTS

    DEPT POLICY DESCRIPTION INDIVIDUAL

    CLIENT

    RATE APPLICABLE

    OTHER THAN INDIVIDUAL CLIENTS

    21Open Cover

    17.5 0 17.5 17.5 17.5 0

    21 Special Declaration Policy 17.5 0 17.5 17.5 17.5 0

    21 Annual Pol icy 17.5 0 17.5 17.5 17.5 0

    21 Increased Value Insurance 17.5 0 17.5 17.5 17.5 0

    21 Duty Insurance 17.5 0 17.5 17.5 17.5 0

    21 SSRI 17.5 0 17.5 17.5 17.5 0

    21 Sellers Contingency 17.5 0 17.5 17.5 17.5 0

    21 Marine Component of MCE 17.5 0 17.5 17.5 17.5 0

    21 Tea Crop Insurance 17.5 0 17.5 17.5 17.5 0

    21 Cardamom Crop Insurance 17.5 0 17.5 17.5 17.5 0

    21 Coffee Crop Insurance 17.5 0 17.5 17.5 17.5 021 Rubber Crop Insurance 17.5 0 17.5 17.5 17.5 0

    22 Hull and Machinery 5 0 5 2.5 0 0

    22 Increased Value Insurance 5 0 5 2.5 0 0

    22 Freight Insurance 5 0 5 2.5 0 0

    22 Builders Risk (Hull) 5 0 5 2.5 0 0

    22 Beaching Insurance 5 0 5 2.5 0 0

    22 Voyage Insurance 5 0 5 2.5 0 0

    22 Ship Breaking Insurance 5 0 5 2.5 0 0

    22 Time Charterers Liability 5 0 5 2.5 0 022 Ship Repairers Liability 5 0 5 2.5 0 0

    22Comprehensive Package Policy (Hull)

    5 0 5 2.5 0 0

    22Comprehensive Package Policy

    (Offshore) 5 0 5 2.5 0 0

    22 G.A. Disbursement 5 0 5 2.5 0 0

    22 Offshore Construction 0 0 0 0 0 0

    22 ONGC Package 0 0 0 0 0 0

    22 Government War Risk 0 0 0 0 0 0

    31Private Cars and 2 Wheelers - Only

    Liability cover0 0 0 0 0 0

    MOTOR

    MARINE HULL

    HO/ITD/IBD* In respect of Govt departments where paid-up capital cannot be determined, 5% special discount may be allowed 2

  • 8/3/2019 Comm Brokers

    3/12

    Paid-up

    capital upto

    Rs.3 Crores

    Paid-up captial

    above Rs.3 Crores

    to Rs.25 Crores

    Paid-up

    capital

    above Rs. 25

    Crores

    Spl Disc in lieu of agency

    commission(for other than

    individual clients where paid-

    up capital is >Rs3 Crores)*

    REMARKSSpl Disc in lieu of agencycommission(for indiv clients)

    PRODUCT WISE COMMISSION STRUCTURE EFFECTIVE FROM 01-04-2004 FOR BUSINESS PROCURED THROUGH BROKERS IN RESPECT OF BUSINESS PROCURED FROMINDIVIDUAL AND OTHER THAN INDIVIDUAL CLIENTS

    DEPT POLICY DESCRIPTION INDIVIDUAL

    CLIENT

    RATE APPLICABLE

    OTHER THAN INDIVIDUAL CLIENTS

    31

    Private Cars and 2 Wheelers (Excluding

    vehicles such as Sumo/ Jeep/ Sports

    Utility Vehicles/ Station Wagon/ Omni

    Bus and Vehicles of similar nature) - For

    Package Cover (For New and

    Renewals)

    10 0 10 10 10 0

    Private Cars and Other Vehicles for

    private use such as Sumo/ Jeep/ Sports

    Utility Vehicles/ Station Wagon/ Omni

    Bus and Vehicles of similar nature - For

    Brand New and First Renewal after Dateof Registration - For Package cover

    10 0 10 10 10 0

    Private Cars and Other Vehicles for

    private use such as Sumo/ Jeep/ Sports

    Utility Vehicles/ Station Wagon/ Omni

    Bus and Vehicles of similar nature - For

    Subsequent Renewals - For Package

    cover

    0 0 0 0 0 0

    Commercial Vehicles except Tractors

    used for Agricultural purposes - BrandNew and 2 renewals - For Package

    cover

    10 0 10 10 10 0

    Commercial Vehicles - Age exceeding

    3 yrs but not exceeding 5 yrs with NCB -

    For Package cover

    10 0 10 10 10 0

    Commercial Vehicles - Age exceeding

    3 yrs but not exceeding 5 yrs without

    NCB - For Package cover

    0 0 0 0 0 0

    Commercial Vehicle - Age exceeding 5years - For package cover 0 0 0 0 0 0

    Tractors used for Agricultural purposes -

    For Package cover - All years10 0 10 10 10 0

    31

    31

    HO/ITD/IBD* In respect of Govt departments where paid-up capital cannot be determined, 5% special discount may be allowed 3

  • 8/3/2019 Comm Brokers

    4/12

    Paid-up

    capital upto

    Rs.3 Crores

    Paid-up captial

    above Rs.3 Crores

    to Rs.25 Crores

    Paid-up

    capital

    above Rs. 25

    Crores

    Spl Disc in lieu of agency

    commission(for other than

    individual clients where paid-

    up capital is >Rs3 Crores)*

    REMARKSSpl Disc in lieu of agencycommission(for indiv clients)

    PRODUCT WISE COMMISSION STRUCTURE EFFECTIVE FROM 01-04-2004 FOR BUSINESS PROCURED THROUGH BROKERS IN RESPECT OF BUSINESS PROCURED FROMINDIVIDUAL AND OTHER THAN INDIVIDUAL CLIENTS

    DEPT POLICY DESCRIPTION INDIVIDUAL

    CLIENT

    RATE APPLICABLE

    OTHER THAN INDIVIDUAL CLIENTS

    31 Liability only 0 0 0 0 0 031 Long Term Act only 0 0 0 0 0 0

    31Own Damage cover for Long Term Act

    only policy10 0 10 10 10 0

    31Motor Trade Internal Risk Policy - For

    Package cover10 0 10 10 10 0

    31Motor Trade Internal Risk Policy (Only

    Liability)0 0 0 0 0 0

    31Motor Trade Transit Risk (Declaration

    Policy) - For Package cover10 0 10 10 10 0

    31 Motor Trade Transit Risk (DeclarationPolicy) - Only Liability cover

    0 0 0 0 0 0

    31Motor Trade Road Risk - For Package

    Cover10 0 10 10 10 0

    31Motor Trade Road Risk - Only Liability

    Cover0 0 0 0 0 0

    31 Fire and Theft 0 0 0 0 0 0

    31 Fire only 0 0 0 0 0 0

    31 Theft only 0 0 0 0 0 0

    41 Workmens' Compensation (General) 10 0 10 10 10 0

    41 Workmens' Compensation (Collieries) 10 0 10 10 10 0

    42 Individual Personal Accident 17.5 0 17.5 17.5 17.5 0

    42 Group Personal Accident 17.5 0 17.5 17.5 17.5 0

    42 Flight Coupon 17.5 0 17.5 17.5 17.5 0

    42 Tailor made Group Personal Accident 17.5 0 17.5 17.5 17.5 0

    42 Group Flight Coupon 17.5 0 17.5 17.5 17.5 0

    42Good Health Personal Accident

    (CITIBANK)NA 0 0 0 0 0

    PERSONAL ACCIDENT:

    AVIATION

    HO/ITD/IBD* In respect of Govt departments where paid-up capital cannot be determined, 5% special discount may be allowed 4

  • 8/3/2019 Comm Brokers

    5/12

    Paid-up

    capital upto

    Rs.3 Crores

    Paid-up captial

    above Rs.3 Crores

    to Rs.25 Crores

    Paid-up

    capital

    above Rs. 25

    Crores

    Spl Disc in lieu of agency

    commission(for other than

    individual clients where paid-

    up capital is >Rs3 Crores)*

    REMARKSSpl Disc in lieu of agencycommission(for indiv clients)

    PRODUCT WISE COMMISSION STRUCTURE EFFECTIVE FROM 01-04-2004 FOR BUSINESS PROCURED THROUGH BROKERS IN RESPECT OF BUSINESS PROCURED FROMINDIVIDUAL AND OTHER THAN INDIVIDUAL CLIENTS

    DEPT POLICY DESCRIPTION INDIVIDUAL

    CLIENT

    RATE APPLICABLE

    OTHER THAN INDIVIDUAL CLIENTS

    43 Hull All Risks 0 0 0 0 0RI driven

    rate

    43 Aircraft Unrecoverable Insurance 0 0 0 0 0 0RI driven

    rate

    43 Engine Breakdown Policy 0 0 0 0 0 0RI driven

    rate

    43 Hull War Risk 0 0 0 0 0 0RI driven

    rate

    43 Personal Accident (Aviation) 0 0 0 0 0 0RI driven

    rate

    43 Hull Deductible Insurance 0 0 0 0 0 0 RI drivenrate

    43 Loss of Licence 0 0 0 0 0 0RI driven

    rate

    Contractors All Risk Insurance (For all

    covers other than Terrorism cover

    component)

    12.5 0 12.5 7.5 6.25 5

    Contractors All Risk Insurance (For

    Terrorism cover component only)0 0 0 0 0 0

    EAR / Storage cum Erection Insurance(For all covers other than Terrorism

    cover component)

    12.5 0 12.5 7.5 6.25 5

    EAR / Storage cum Erection Insurance

    (For Terrorism cover component only)0 0 0 0 0 0

    Contractors Plant and Machinery (For

    all covers other than Terrorism cover

    component)

    12.5 0 12.5 7.5 6.25 5

    Contractors Plant and Machinery (For

    Terrorism cover component only) 0 0 0 0 0 0

    Engineering component of Marine cum

    Erection Insurance (For all covers other

    than Terrorism cover component)

    12.5 0 12.5 7.5 6.25 5

    44

    ENGINEERING

    44

    44

    44

    HO/ITD/IBD* In respect of Govt departments where paid-up capital cannot be determined, 5% special discount may be allowed 5

  • 8/3/2019 Comm Brokers

    6/12

    Paid-up

    capital upto

    Rs.3 Crores

    Paid-up captial

    above Rs.3 Crores

    to Rs.25 Crores

    Paid-up

    capital

    above Rs. 25

    Crores

    Spl Disc in lieu of agency

    commission(for other than

    individual clients where paid-

    up capital is >Rs3 Crores)*

    REMARKSSpl Disc in lieu of agencycommission(for indiv clients)

    PRODUCT WISE COMMISSION STRUCTURE EFFECTIVE FROM 01-04-2004 FOR BUSINESS PROCURED THROUGH BROKERS IN RESPECT OF BUSINESS PROCURED FROMINDIVIDUAL AND OTHER THAN INDIVIDUAL CLIENTS

    DEPT POLICY DESCRIPTION INDIVIDUAL

    CLIENT

    RATE APPLICABLE

    OTHER THAN INDIVIDUAL CLIENTS

    Engineering component of Marine cum

    Erection Insurance (For Terrorism cover

    component only)

    0 0 0 0 0 0

    44 Machinery Insurance 12.5 0 12.5 7.5 6.25 5

    44 Boiler and Pressure Plant Insurance 12.5 0 12.5 7.5 6.25 5

    44 Machinery Loss of Profit Insurance 12.5 0 12.5 7.5 6.25 5

    44 Deterioration of Stock Insurance 12.5 0 12.5 7.5 6.25 5

    Civil Engineering Completed All Risk

    Insurance (For all covers other than

    Terrorism cover component)

    12.5 0 12.5 7.5 6.25 5

    Civil Engineering Completed All RiskInsurance (For Terrorism cover

    component only)

    0 0 0 0 0 0

    Electronic Equipment Insurance (For all

    covers other than Terrorism cover

    component)

    12.5 0 12.5 7.5 6.25 5

    Electronic Equipment Insurance (For

    Terrorism cover component only)0 0 0 0 0 0

    Advance Loss of Profit Insurance (For all

    covers other than Terrorism cover

    component)

    12.5 0 12.5 7.5 6.25 5

    Advance Loss of Profit Insurance (For

    Terrorism cover component only)0 0 0 0 0 0

    44 Windmill Package cover 12.5 0 12.5 7.5 6.25 5

    45 Earnest Money Bonds 0 0 0 0 0 0

    45 Performance/ Security Deposits Bonds 0 0 0 0 0 0

    45 Advance Payment Bonds 0 0 0 0 0 0

    45 Retention Money Bonds 0 0 0 0 0 0

    45 Hire Purchase Bank Guarantee Policies 0 0 0 0 0 0

    45 Fleet Expansion Indemnity Policy 0 0 0 0 0 0

    45 Hire Purchase Bank Guarantee Policy 0 0 0 0 0 0

    45 Customs Bond 0 0 0 0 0 0

    CREDIT GUARANTEE INSURANCE:

    44

    44

    44

    HO/ITD/IBD* In respect of Govt departments where paid-up capital cannot be determined, 5% special discount may be allowed 6

  • 8/3/2019 Comm Brokers

    7/12

    Paid-up

    capital upto

    Rs.3 Crores

    Paid-up captial

    above Rs.3 Crores

    to Rs.25 Crores

    Paid-up

    capital

    above Rs. 25

    Crores

    Spl Disc in lieu of agency

    commission(for other than

    individual clients where paid-

    up capital is >Rs3 Crores)*

    REMARKSSpl Disc in lieu of agencycommission(for indiv clients)

    PRODUCT WISE COMMISSION STRUCTURE EFFECTIVE FROM 01-04-2004 FOR BUSINESS PROCURED THROUGH BROKERS IN RESPECT OF BUSINESS PROCURED FROMINDIVIDUAL AND OTHER THAN INDIVIDUAL CLIENTS

    DEPT POLICY DESCRIPTION INDIVIDUAL

    CLIENT

    RATE APPLICABLE

    OTHER THAN INDIVIDUAL CLIENTS

    45 Excise Bonds 0 0 0 0 0 0

    45 Court Bonds 0 0 0 0 0 0

    45 Guarantee Bonds - Electricity Boards 0 0 0 0 0 0

    45Guarantee Bonds favouring IA/ IATA/

    Rail Credit Sale0 0 0 0 0 0

    45Deferred Payment Indemnity (IDBI

    Scheme)0 0 0 0 0 0

    45 Bank Advance Indemnity (run off) 0 0 0 0 0 0

    45 Miscellaneous Guarantees 0 0 0 0 0 0

    50

    #

    Business Credit Shield 10 0 10 10 10 0# Proposed Department Code

    46 Blood Stock Insurance 17.5 0 17.5 17.5 17.5 0

    46 Burglary Policy for Business Premises 17.5 0 17.5 17.5 17.5 0

    46 Fidelity - Individual Named 17.5 0 17.5 17.5 17.5 0

    46 Fidelity - Floating 17.5 0 17.5 17.5 17.5 0

    46 Golfer's Indemnity 17.5 0 17.5 17.5 17.5 0

    46 Gun Insurance 17.5 0 17.5 17.5 17.5 0

    46

    Multi Perils (LPG Dealers) Package

    Insurance 17.5 0 17.5 17.5 17.5 046 Neon Sign Insurance 17.5 0 17.5 17.5 17.5 0

    46 Plate Glass Insurance 17.5 0 17.5 17.5 17.5 0

    46Professional Indemnity (Accountants /

    Financial Consultants)17.5 0 17.5 17.5 17.5 0

    46 Professional Indemnity (Architects) 17.5 0 17.5 17.5 17.5 0

    46 Professional Indemnity (Engineers) 17.5 0 17.5 17.5 17.5 0

    46Profesional Indemnity (Solicitors /

    Advocates)17.5 0 17.5 17.5 17.5 0

    46

    Professional Indemnity (Medical

    Establishments) 17.5 0 17.5 17.5 17.5 0

    46 Professional Indemnity (Others) 17.5 0 17.5 17.5 17.5 0

    46 Professional Indemnity Doctor (IMA) 17.5 0 17.5 17.5 17.5 0

    46 Professional Indemnity Doctor (Other) 17.5 0 17.5 17.5 17.5 0

    MISCELLANEOUS TRADITIONAL BUSINESS

    CREDIT INSURANCE

    HO/ITD/IBD* In respect of Govt departments where paid-up capital cannot be determined, 5% special discount may be allowed 7

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    8/12

    Paid-up

    capital upto

    Rs.3 Crores

    Paid-up captial

    above Rs.3 Crores

    to Rs.25 Crores

    Paid-up

    capital

    above Rs. 25

    Crores

    Spl Disc in lieu of agency

    commission(for other than

    individual clients where paid-

    up capital is >Rs3 Crores)*

    REMARKSSpl Disc in lieu of agencycommission(for indiv clients)

    PRODUCT WISE COMMISSION STRUCTURE EFFECTIVE FROM 01-04-2004 FOR BUSINESS PROCURED THROUGH BROKERS IN RESPECT OF BUSINESS PROCURED FROMINDIVIDUAL AND OTHER THAN INDIVIDUAL CLIENTS

    DEPT POLICY DESCRIPTION INDIVIDUAL

    CLIENT

    RATE APPLICABLE

    OTHER THAN INDIVIDUAL CLIENTS

    46 Public Liability Non-Industrial Risk 17.5 0 17.5 17.5 17.5 0

    46 Public Liability Industrial Risk 17.5 0 17.5 17.5 17.5 0

    46

    Special Contingency Insurance

    (whether inclusive of tariff and / or non-

    tariff covers)

    10 0 12.5 7.5 6.25 0

    46 TV, VCR, VCP Insurance 17.5 0 17.5 17.5 17.5 0

    46 Overseas Mediclaim Policy 17.5 0 17.5 17.5 17.5 0

    46 Jewellers' Block 17.5 0 17.5 17.5 17.5 0

    46 Burglary Declaration 17.5 0 17.5 17.5 17.5 0

    46 Burglary Floater Policy 17.5 0 17.5 17.5 17.5 0

    46 Product Liability 17.5 0 17.5 17.5 17.5 0

    46 Bankers Indemnity 17.5 0 17.5 17.5 17.5 0

    46 Carriers Legal Liability 17.5 0 17.5 17.5 17.5 0

    46Public Liability falling outside Market

    Agreement0 0 0 0 0 0

    46 Directors and Officers Liability 0 0 0 0 0 0

    46 Stevedores Liability Policy 17.5 0 17.5 17.5 17.5 0

    46Product Liability falling outside Market

    Agreement0 0 0 0 0 0

    Cattle Insurance (IRDP) 0 0 0 0 0 0Cattle Insurance (Non - IRDP) 17.5 0 17.5 17.5 17.5 0

    47 Calf/ Heifers subsidised by IRDP, etc. 0 0 0 0 0 0

    47 Kisan Agricultural Pumpset - Individual 17.5 0 17.5 17.5 17.5 0

    47 Animal Driven Cart 17.5 0 17.5 17.5 17.5 0

    47 Camel Insurance 17.5 0 17.5 17.5 17.5 0

    47 Kisan Agricultural Pumpset - Group 5 0 5 5 5 0

    47 Plantation 17.5 0 17.5 17.5 17.5 0

    47 Pravasi Suraksha Policy 17.5 0 17.5 17.5 17.5 0

    47 Master Policy - Cattle/ Livestock/ Poultry 0 0 0 0 0 0

    47 Calf/ Heifer Rearing Insurance 17.5 0 17.5 17.5 17.5 0

    47 Floriculture 17.5 0 17.5 17.5 17.5 0

    47 Dog Insurance 17.5 0 17.5 17.5 17.5 0

    47

    MISCELLANEOUS RURAL NON-TRADITIONAL BUSINESS

    HO/ITD/IBD* In respect of Govt departments where paid-up capital cannot be determined, 5% special discount may be allowed 8

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    9/12

    Paid-up

    capital upto

    Rs.3 Crores

    Paid-up captial

    above Rs.3 Crores

    to Rs.25 Crores

    Paid-up

    capital

    above Rs. 25

    Crores

    Spl Disc in lieu of agency

    commission(for other than

    individual clients where paid-

    up capital is >Rs3 Crores)*

    REMARKSSpl Disc in lieu of agencycommission(for indiv clients)

    PRODUCT WISE COMMISSION STRUCTURE EFFECTIVE FROM 01-04-2004 FOR BUSINESS PROCURED THROUGH BROKERS IN RESPECT OF BUSINESS PROCURED FROMINDIVIDUAL AND OTHER THAN INDIVIDUAL CLIENTS

    DEPT POLICY DESCRIPTION INDIVIDUAL

    CLIENT

    RATE APPLICABLE

    OTHER THAN INDIVIDUAL CLIENTS

    47 Donkey Insurance 17.5 0 17.5 17.5 17.5 0

    47 Duck Insurance 17.5 0 17.5 17.5 17.5 0

    47 Elephant Insurance 17.5 0 17.5 17.5 17.5 0

    47 Honey Bee Insurance 17.5 0 17.5 17.5 17.5 0

    47 Horse Insurance 17.5 0 17.5 17.5 17.5 0

    47 Pig Insurance 17.5 0 17.5 17.5 17.5 0

    47 Poultry Insurance 17.5 0 17.5 17.5 17.5 0

    47 Rabbit Insurance 17.5 0 17.5 17.5 17.5 0

    47 Silkworm Insurance 17.5 0 17.5 17.5 17.5 0

    47 Sheep & Goat Insurance 17.5 0 17.5 17.5 17.5 0

    47 Kissan Credit Card Scheme 0 0 0 0 0 047 Biogas (Gobargas) Plant Insurance 17.5 0 17.5 17.5 17.5 0

    47 Fish Insurance 17.5 0 17.5 17.5 17.5 0

    47 Yak/ Mule/ Pony Insurance 17.5 0 17.5 17.5 17.5 0

    47 Individual Janata PA 17.5 0 17.5 17.5 17.5 0

    47 Group Janata PA 5 0 5 5 5 0

    47 Individual Gramin PA 17.5 0 17.5 17.5 17.5 0

    47 Group Gramin PA 5 0 5 5 5 0

    47 Hut Insurance 17.5 0 17.5 17.5 17.5 0

    47 Farmers' Package Insurance 17.5 0 17.5 17.5 17.5 0

    47 Lift Irrigation 17.5 0 17.5 17.5 17.5 0

    48 All Risk 17.5 0 17.5 17.5 17.5 0

    48 Baggage Insurance 17.5 0 17.5 17.5 17.5 0

    48 Senion Citizen Unit Plan (SCUP) 5 0 5 5 5 0

    48 Money Insurance 17.5 0 17.5 17.5 17.5 0

    48Individual Mediclaim - Individual &

    Family cover17.5 0 17.5 17.5 17.5 0

    48 Group Mediclaim 5 0 5 5 5 048 Jan Arogya Bima Policy 17.5 0 17.5 17.5 17.5 0

    48 Bhavishya Arogya Bima Policy 17.5 0 17.5 17.5 17.5 0

    MISCELLANEOUS URBAN NON-TRADITIONAL BUSINESS:

    HO/ITD/IBD* In respect of Govt departments where paid-up capital cannot be determined, 5% special discount may be allowed 9

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    10/12

    Paid-up

    capital upto

    Rs.3 Crores

    Paid-up captial

    above Rs.3 Crores

    to Rs.25 Crores

    Paid-up

    capital

    above Rs. 25

    Crores

    Spl Disc in lieu of agency

    commission(for other than

    individual clients where paid-

    up capital is >Rs3 Crores)*

    REMARKSSpl Disc in lieu of agencycommission(for indiv clients)

    PRODUCT WISE COMMISSION STRUCTURE EFFECTIVE FROM 01-04-2004 FOR BUSINESS PROCURED THROUGH BROKERS IN RESPECT OF BUSINESS PROCURED FROMINDIVIDUAL AND OTHER THAN INDIVIDUAL CLIENTS

    DEPT POLICY DESCRIPTION INDIVIDUAL

    CLIENT

    RATE APPLICABLE

    OTHER THAN INDIVIDUAL CLIENTS

    Householders' Insurance (For al l coverswithout Terrorism cover component)

    17.5 0 17.5 17.5 17.5 0

    Householders' Insurance (For Terrorism

    cover component only)0 0 0 0 0 0

    48 Birth Right Insurance 17.5 0 17.5 17.5 17.5 0

    Shopkeepers' Insurance (For all covers

    without Terrorism cover component)17.5 0 17.5 17.5 17.5 0

    Shopkeepers' Insurance (For Terrorism

    cover component only)0 0 0 0 0 0

    48 Lift Insurance (Third Party Liability) 17.5 0 17.5 17.5 17.5 0

    48 Pedal Cycle Insurance 17.5 0 17.5 17.5 17.5 0

    48 Good Health Mediclaim (CITIBANK) NA 0 0 0 0 0

    48Cancer Medical Expenses Insurance -

    Individual17.5 0 17.5 17.5 17.5 0

    48Cancer Medical Expenses Insurance

    (Group)5 0 5 5 5 0

    48 Group Mediclaim - Tailormade 5 0 5 5 5 0

    48 Student Safety Insurance 17.5 0 17.5 17.5 17.5 0

    48 Doctors' Composite Package Insurance 17.5 0 17.5 17.5 17.5 0

    48 Good Health Cancer Policy (CITIBANK) NA 0 0 0 0 0

    48 Office Protection Shield ( General ) 17.5 0 17.5 17.5 17.5 0

    48Office Protection Shield (Chartered

    Accountants)17.5 0 17.5 17.5 17.5 0

    48Office Protection Shield (Architects &

    Engineers)17.5 0 17.5 17.5 17.5 0

    48 Doctors' Protection Shield 17.5 0 17.5 17.5 17.5 0

    48 Vyavasayi/ Adhikari Suraksha Kavach 17.5 0 17.5 17.5 17.5 048 Package Insurance for Credit Society 17.5 0 17.5 17.5 17.5 0

    48Boatman Comprehensive Package

    Policy17.5 0 17.5 17.5 17.5 0

    48 Rasta Apatti Kavach - Individual 17.5 0 17.5 17.5 17.5 0

    48

    48

    HO/ITD/IBD* In respect of Govt departments where paid-up capital cannot be determined, 5% special discount may be allowed 10

  • 8/3/2019 Comm Brokers

    11/12

    Paid-up

    capital upto

    Rs.3 Crores

    Paid-up captial

    above Rs.3 Crores

    to Rs.25 Crores

    Paid-up

    capital

    above Rs. 25

    Crores

    Spl Disc in lieu of agency

    commission(for other than

    individual clients where paid-

    up capital is >Rs3 Crores)*

    REMARKSSpl Disc in lieu of agencycommission(for indiv clients)

    PRODUCT WISE COMMISSION STRUCTURE EFFECTIVE FROM 01-04-2004 FOR BUSINESS PROCURED THROUGH BROKERS IN RESPECT OF BUSINESS PROCURED FROMINDIVIDUAL AND OTHER THAN INDIVIDUAL CLIENTS

    DEPT POLICY DESCRIPTION INDIVIDUAL

    CLIENT

    RATE APPLICABLE

    OTHER THAN INDIVIDUAL CLIENTS

    48 Rasta Apatti Kavach - Group 17.5 0 17.5 17.5 17.5 0

    48 Tertiary Care Insurance - Individual 17.5 0 17.5 17.5 17.5 0

    48 Tertiary Care Insurance - Group 5 0 5 5 5 0

    48 Contact Lens 17.5 0 17.5 17.5 17.5 0

    48 Seafarers' Health Policy - Individual 17.5 0 17.5 17.5 17.5 0

    48 Seafarers' Health Policy - Group 5 0 5 5 5 0

    48 Destination India 17.5 0 17.5 17.5 17.5 0

    48Long Term Hospitalisation/ Domiciliary

    Hospitalisation - Individual17.5 0 17.5 17.5 17.5 0

    48Long Term Hospitalisation/ Domiciliary

    Hospitalisation - Group 5 0 5 5 5 0

    48Long Term Retirement Benefit Plan -

    Individual17.5 0 17.5 17.5 17.5 0

    48Long Term Retirement Benefit Plan -

    Group5 0 5 5 5 0

    48 Health Quarters Plan - Individual 17.5 0 17.5 17.5 17.5 0

    48 Health Quarters Plan - Group 5 0 5 5 5 0

    48Group Surgical Operations

    (Gramapanchayat)5 0 5 5 5 0

    48 Suhana Safar Poliocy 17.5 0 17.5 17.5 17.5 048 VRS Superannuation Policy 17.5 0 17.5 17.5 17.5 0

    48 New Cancer Insurance - Individual 17.5 0 17.5 17.5 17.5 0

    48 New Cancer Insurance - Group 5 0 5 5 5 0

    48 Gram Arogya Yojana 17.5 0 17.5 17.5 17.5 0

    48Raj Rajeshwari Mahila Kalyan -

    Individual17.5 0 17.5 17.5 17.5 0

    48 Raj Rajeshwari Mahila Kalyan - Group 5 0 5 5 5 0

    48 Bhagyashree Child Welfare - Individual 17.5 0 17.5 17.5 17.5 0

    48 Bhagyashree Child Welfare - Group 5 0 5 5 5 048 Retired Staff Mediclaim 0 0 0 0 0 0

    48 Tailormade Householders' Policy 17.5 0 17.5 17.5 17.5 0

    48 Cancer Medical Expenses - Long Term 17.5 0 17.5 17.5 17.5 0

    HO/ITD/IBD* In respect of Govt departments where paid-up capital cannot be determined, 5% special discount may be allowed 11

  • 8/3/2019 Comm Brokers

    12/12

    Paid-up

    capital upto

    Rs.3 Crores

    Paid-up captial

    above Rs.3 Crores

    to Rs.25 Crores

    Paid-up

    capital

    above Rs. 25

    Crores

    Spl Disc in lieu of agency

    commission(for other than

    individual clients where paid-

    up capital is >Rs3 Crores)*

    REMARKSSpl Disc in lieu of agencycommission(for indiv clients)

    PRODUCT WISE COMMISSION STRUCTURE EFFECTIVE FROM 01-04-2004 FOR BUSINESS PROCURED THROUGH BROKERS IN RESPECT OF BUSINESS PROCURED FROMINDIVIDUAL AND OTHER THAN INDIVIDUAL CLIENTS

    DEPT POLICY DESCRIPTION INDIVIDUAL

    CLIENT

    RATE APPLICABLE

    OTHER THAN INDIVIDUAL CLIENTS

    48 Floater Mediclaim Policy 5 0 5 5 5

    48Tailormade Mediclaim Policy other than

    Floater5 0 5 5 5 0

    48 Universal Health Insurance Policy 10 0 10 10 10 0

    48Health Plus Medical Expenses Policy -

    Individual17.5 0 17.5 17.5 17.5 0

    48Health Plus Medical Expenses Policy -

    Group5 0 5 5 5 0

    48 Pravasi Bharatiya Bima Yojana 17.5 0 17.5 17.5 17.5

    48 Domestic Pumpset 17.5 0 17.5 17.5 17.5 0

    49 Public Liability Act only Policy 10 0 10 10 10 0

    PUBLIC LIABILITY

    HO/ITD/IBD* In respect of Govt departments where paid-up capital cannot be determined, 5% special discount may be allowed 12