How much do PLI agents make?

How much do PLI agents make?

Average India Post Agent salary in India is ₹ 2.1 Lakhs for 4 to 19 years of experience. Agent salary at India Post ranges between ₹ 1.2 Lakhs to ₹ 3 Lakhs. According to our estimates it is 75% more than the average Agent Salary in Government / Public Administration Companies.25-Jan-2022

How can I become a PLI agent?

1-Open the official website 2- Now under the Miscellaneous menu click the Request an Agent link. A new request form will appear on the screen (as shown below). 3- Now fill out this request application and click the Submit button.04-Oct-2021

Is PLI better or LIC?

Premium Rate-When compares to LIC or any private insurers, PLI offers cheap premium. So this is the most advantage of buying endowment plans with PLI than with LIC. Bonus Rate-Bonus offered by PLI is in the range of 7% or more. Whereas currently, LIC offers a bonus rate of around 4% to 5%.

What is the work of direct agent in post office?

2,3 means an Insurance Agent engaged by the Postmaster General / Head of the Division who receives or agrees to receive payments by way of commission or other remuneration in consideration of his/her soliciting or procuring PLI/RPLI business including business relating to continuance, renewal or revival of policies of

What is commission of PLI?

The PLI agents would get 0.25 per cent commission on the sum and two per cent on renewal premium collected by them on cash policies procured by them. For RPLI agents, it would be 10 per cent on premium collected for the first 12 months after acceptance and 2.5 per cent on renewal premium, according to a release.14-Oct-2014

What is the commission of post office agent?

Post Office Agent Commission

What is the minimum and maximum age for working as direct agent of PLI RPLI?

couple should be between 21 years to 45 years. rate is ₹ 58/- per ₹ 1000 sum assured per year. PLI is the only insurer in the Indian Life Insurance market today which gives the higher return (bonus) with the low premium charged for any product in the market.

How do post office franchises make money?

Sale of stamps and stationery. Booking registered articles, speed post articles, money orders. Functioning as an agent for Postal Life Insurance (PLI) and provide related after sales service, including collection of premium. Retail services like bill/tax/fine collection/payment services of the Department.

What is rural postal life insurance?

It is a short term money back scheme for Rural populace only. Insurant is given life cover to the extent of Sum Assured for 10 years. Survival benefits are paid after 4 years- 20% after 7 years- 20%, and after 10 years – 60% with accrued bonus. Minimum & maximum age at entry 20 – 45 years.

Is PLI maturity tax free?

PLI Tax Benefit under Section 10(10D) Further, income earned as maturity benefit will be completely tax-free if the sum assured is at least 10 times the annual premium. Bonuses and surrender benefits are also exempted from taxes under section 10(10D).

Which postal insurance is best?

6 Best Postal Life Insurance (PLI) Plans for Government Employees 2022

Can I withdraw PLI before maturity?

Yes, before date of last premium, he can apply for its revival and after credit of due premium with interest @ 12% per annum and a good health certificate, he can continue this policy.

What is SAS agency?

Standardised Agency System (SAS) was introduced by the Government w.e.f. 01.10. 1960 to appoint authorised agents to canvass for the sale of specified National Savings Schemes. Under the agency system, an adult individual is eligible for appointment as authorised agent.

What is the full form of PLI?

Postal Life Insurance (PLI) was introduced on 1st February 1884.It started as a welfare scheme for the benefit of postal employees and was later extended to the employees of the Telegraph Department in 1888.

How do I apply for production Linkedincentive scheme?

Step 1: Visit the official Production Linked Incentive scheme website. Step 2: On the homepage, click on “Register”. Step 3: Fill in the Production Linked Incentive Scheme registration form for a large-scale electronics company with details such as PAN, organisation name, address, etc.08-Aug-2022

How much commission does a post office agent get for KVP?

Under the SAS -- which covers Kisan Vikas Patra, Post Office Monthly Income Scheme, Post Office Time Deposits, National Savings Certificates, National Savings Scheme and Senior Citizens Savings Scheme -- the commission given by the central government is 0.5% or 1% of the collection.09-Jun-2011

How much commission does agent get on NSC?


What is post office MIS 2022 interest?

The interest rate that is paid on the Post Office Monthly Income Scheme is 6.6% p.a. for an investment period of 5 years. The rate of interest paid is not applicable to senior citizens and those who belong to this category can invest in the Senior Citizens Savings Scheme (SCSS).

Is PLI only for government employees?

If you are a government employee, then as a significant perk; you can opt for postal. The PLI covers several departments of the State and Central governments, financial institutions nationalized banks and public sector undertakings among others.

What is bonus rate in PLI?

Joint Life Assurance (Yugal Suraksha)

What is the maximum limit of PLI?

The minimum sum assured for the PLI is Rs. 20,000 and the maximum amount is Rs. 50,00,000. The premium you pay for the postal life insurance policy depends on several factors, including the entry age, degree of handicap, and the sum assured of the plan.19-Aug-2020

How much do PLI agents make?