{"id":162,"date":"2019-07-22T12:55:19","date_gmt":"2019-07-22T12:55:19","guid":{"rendered":"http:\/\/localhost\/yearbook\/?page_id=162"},"modified":"2022-01-27T19:25:52","modified_gmt":"2022-01-27T19:25:52","slug":"commission","status":"publish","type":"page","link":"https:\/\/www.gicouncil.in\/yearbook\/2020-21\/indian-non-life-insurance-industry-analysis\/section-03-industry-business-highlights\/commission\/","title":{"rendered":"3.5 &#8211; Commission"},"content":{"rendered":"<h3 class=\"section-title\" style=\"font-size: 17px;\"><span style=\"background: #9bcd5e;border-radius: 8px;color: #fff;padding: 5px;font-size: 14px; margin-right: 10px;\"> Chart 3.5.1<\/span>Gross & Net Commission<\/h3><div id=\"Chart_33\"><\/div><script type=\"text\/javascript\">\n                     jQuery(document).ready(function () {\n                         multiple_column_multiple_line(\"Chart_33\",{\"data\":{\"Gross Commission\":{\"2011-12\":3587,\"2012-13\":4237,\"2013-14\":4888,\"2014-15\":5295,\"2015-16\":6003,\"2016-17\":6882,\"2017-18\":10731,\"2018-19\":12720,\"2019-20\":14412,\"2020-21\":15992},\"Net Commission\":{\"2011-12\":1772,\"2012-13\":1708,\"2013-14\":2578,\"2014-15\":2664,\"2015-16\":2973,\"2016-17\":1380,\"2017-18\":3967,\"2018-19\":5695,\"2019-20\":5674,\"2020-21\":7209}},\"dataLine\":{\"Gross Commission as a % of GDPI\":{\"2011-12\":6,\"2012-13\":5.9,\"2013-14\":6.1,\"2014-15\":6.1,\"2015-16\":6,\"2016-17\":5.3,\"2017-18\":7,\"2018-19\":7.4,\"2019-20\":7.5,\"2020-21\":7.9},\"Net Commission as a % NEP\":{\"2011-12\":4.2,\"2012-13\":3.3,\"2013-14\":4.3,\"2014-15\":4,\"2015-16\":3.9,\"2016-17\":1.6,\"2017-18\":3.9,\"2018-19\":5,\"2019-20\":4.5,\"2020-21\":5.2}},\"Title\":\"Gross & Net Commission\",\"xTitle\":\"Year\",\"yTitle\":\"\\u20b9 in Crores\",\"zTitle\":\"% of GDPI, % of NEP\",\"yAxisData\":{\"2011-12\":\"2011-12\",\"2012-13\":\"2012-13\",\"2013-14\":\"2013-14\",\"2014-15\":\"2014-15\",\"2015-16\":\"2015-16\",\"2016-17\":\"2016-17\",\"2017-18\":\"2017-18\",\"2018-19\":\"2018-19\",\"2019-20\":\"2019-20\",\"2020-21\":\"2020-21\"},\"zAxisData\":{\"2011-12\":0,\"2012-13\":0,\"2013-14\":0,\"2014-15\":0,\"2015-16\":0,\"2016-17\":0,\"2017-18\":0,\"2018-19\":0,\"2019-20\":0,\"2020-21\":0},\"colorLine\":[\"#75d754\",\"#f8cb00\"],\"colorCodes\":[\"#85869a\",\"#e40074\"]});\n                     });\n                 <\/script>\n\n\n\n<p class=\"has-text-align-right has-small-font-size\"> <em> <strong>Source<\/strong>: Council Compilation<\/em> <em>as per source<br>data submitted by companies<\/em> <em><br><strong>*Note<\/strong>: GDP includes India and Abroad<\/em><\/p>\n\n\n\n<p>Gross Commission has increased from \u20b93,587 Crores in 2011-12 to \u20b915,992 Crores in 2020-21, Gross Commission as a percentage of GDPI (Gross Direct Premium Income) has increased to 7.9% in 2020-21.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote\"><p><\/p><cite><br><br><\/cite><\/blockquote>\n\n\n<h3 class=\"section-title\" style=\"font-size: 17px;\"><span style=\"background: #9bcd5e;border-radius: 8px;color: #fff;padding: 5px;font-size: 14px; margin-right: 10px;\"> Chart 3.5.2<\/span>Gross Commission Channel-wise <\/h3><div id=\"Chart_34\"><\/div><script type=\"text\/javascript\">\n                    jQuery(document).ready(function () {\n                        basic_column_chart(\"Chart_34\", {\"orientation\":\"false\",\"unit\":\"(\\u20b9 in Crores)\",\"data\":{\"2020-21\":{\"Agents\":7116,\"Brokers\":4933,\"Corporate Agents\":1528,\"Referral\":0,\"Others\":376,\"Web Aggregators\":15,\"Motor Insurance Service Provider\":322,\"Point of Sale\":52,\"Insurance Marketing Firm\":2,\"Rewards\":35}},\"Title\":\"Gross Commission Channel-wise \",\"xTitle\":\"Distribution Channel\",\"yTitle\":\"Commission (\\u20b9 in Crores)\",\"yAxisData\":{\"Agents\":\"Agents\",\"Brokers\":\"Brokers\",\"Corporate Agents\":\"Corporate Agents\",\"Referral\":\"Referral\",\"Others\":\"Others\",\"Web Aggregators\":\"Web Aggregators\",\"Motor Insurance Service Provider\":\"Motor Insurance Service Provider\",\"Point of Sale\":\"Point of Sale\",\"Insurance Marketing Firm\":\"Insurance Marketing Firm\",\"Rewards\":\"Rewards\"},\"colorCodes\":[\"#a1005d\",\"#e40074\"]});\n                    });\n                <\/script>\n\n\n\n<p class=\"has-text-align-right has-small-font-size\"><em><strong>Source<\/strong>: Public Disclosure data (NL6 of companies)<br><strong>Note<\/strong>: Corporate Agents share in above charts includes<\/em><br><em> business through Bancassurance channels<\/em><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: Council Compilation as per sourcedata submitted by companies *Note: GDP includes India and Abroad Gross Commission has increased from [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":529,"menu_order":5,"comment_status":"closed","ping_status":"closed","template":"page-templates\/full-width.php","meta":[],"_links":{"self":[{"href":"https:\/\/www.gicouncil.in\/yearbook\/2020-21\/wp-json\/wp\/v2\/pages\/162"}],"collection":[{"href":"https:\/\/www.gicouncil.in\/yearbook\/2020-21\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.gicouncil.in\/yearbook\/2020-21\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.gicouncil.in\/yearbook\/2020-21\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gicouncil.in\/yearbook\/2020-21\/wp-json\/wp\/v2\/comments?post=162"}],"version-history":[{"count":18,"href":"https:\/\/www.gicouncil.in\/yearbook\/2020-21\/wp-json\/wp\/v2\/pages\/162\/revisions"}],"predecessor-version":[{"id":2499,"href":"https:\/\/www.gicouncil.in\/yearbook\/2020-21\/wp-json\/wp\/v2\/pages\/162\/revisions\/2499"}],"up":[{"embeddable":true,"href":"https:\/\/www.gicouncil.in\/yearbook\/2020-21\/wp-json\/wp\/v2\/pages\/529"}],"wp:attachment":[{"href":"https:\/\/www.gicouncil.in\/yearbook\/2020-21\/wp-json\/wp\/v2\/media?parent=162"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}