Chart 3.5.1Gross & Net Commission

Source: Council Compilation as per source
data submitted by companies
*Note: GDP includes India and Abroad

Gross Commission has increased from ₹ 4,888 Crores in 2013-14 to ₹ 20,515 Crores in 2022-23, Gross Commission as a percentage of GDPI (Gross Direct Premium Income) is at 8.0% in 2022-23.

Gross commission for MISP and POS channel has been increasing at a higher rate than the other channels owing to large scale digitization of the last mile of distribution. Traditional channels are being rapidly digitized by the insurance companies.

Chart 3.5.2Gross Commission Channel-wise (2022-23)

Source: Public Disclosure data (NL6 of companies)
Note: Corporate Agents share in above charts includes
business through Bancassurance channels