{"id":162,"date":"2019-07-22T12:55:19","date_gmt":"2019-07-22T12:55:19","guid":{"rendered":"http:\/\/localhost\/yearbook\/?page_id=162"},"modified":"2026-02-25T12:21:53","modified_gmt":"2026-02-25T12:21:53","slug":"commission","status":"publish","type":"page","link":"https:\/\/www.gicouncil.in\/yearbook\/2024-25\/?page_id=162","title":{"rendered":"3.5 &#8211; Commission"},"content":{"rendered":"<h3 class=\"section-title\" style=\"font-size: 17px;\"><span style=\"background: #f6a192;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 Direct Premium (Gross & Net)\":{\"2015-16\":99333,\"2016-17\":130970,\"2017-18\":153438,\"2018-19\":172483,\"2019-20\":192193,\"2020-21\":202094,\"2021-22\":224002,\"2022-23\":256894,\"2023-24\":289673,\"2024-25\":311666},\"Gross Commission\":{\"2015-16\":6003,\"2016-17\":6882,\"2017-18\":10731,\"2018-19\":12720,\"2019-20\":14412,\"2020-21\":15992,\"2021-22\":16193,\"2022-23\":20515,\"2023-24\":40300,\"2024-25\":47923}},\"dataLine\":{\"Gross Commission as a % of GDPI\":{\"2015-16\":6,\"2016-17\":5.3,\"2017-18\":7,\"2018-19\":7.4,\"2019-20\":7.5,\"2020-21\":7.9,\"2021-22\":7.2,\"2022-23\":8,\"2023-24\":13.9,\"2024-25\":15.4},\"Net Commission as a % NEP\":{\"2015-16\":3.9,\"2016-17\":1.6,\"2017-18\":3.9,\"2018-19\":5,\"2019-20\":4.5,\"2020-21\":5.2,\"2021-22\":5,\"2022-23\":5,\"2023-24\":12.7,\"2024-25\":13.8}},\"Title\":\"Gross & Net Commission\",\"xTitle\":\"Year\",\"yTitle\":\"\\u20b9 in Crores\",\"zTitle\":\"% of GDPI, % of NEP\",\"yAxisData\":{\"2015-16\":\"2015-16\",\"2016-17\":\"2016-17\",\"2017-18\":\"2017-18\",\"2018-19\":\"2018-19\",\"2019-20\":\"2019-20\",\"2020-21\":\"2020-21\",\"2021-22\":\"2021-22\",\"2022-23\":\"2022-23\",\"2023-24\":\"2023-24\",\"2024-25\":\"2024-25\"},\"zAxisData\":{\"2015-16\":0,\"2016-17\":0,\"2017-18\":0,\"2018-19\":0,\"2019-20\":0,\"2020-21\":0,\"2021-22\":0,\"2022-23\":0,\"2023-24\":0,\"2024-25\":0},\"colorLine\":[\"#B19683\",\"#643E0C\"],\"colorCodes\":[\"#956D33\",\"#C98900\"]});\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>The Gross Commission rose from \u20b96,003 crores in 2015-16 to \u20b947,923 crores in 2024-25, representing 15.4% of the Gross Direct Premium Income (GDPI) in 2024-25, as compared to 13.9% in the previous year. The reason for the increase in commission is the change in the EOM &amp; Commission regulations brought out by IRDAI in 2023-24. Increasing the limit of commission expenses paid upto 30% of the premium received.<\/p>\n\n\n\n<p>Increase in the rates of commission as allowed by IRDAI, referred to previous graph above has resulted in increase in the commission payouts to almost all channels of intermediaries.<\/p>\n\n\n<h3 class=\"section-title\" style=\"font-size: 17px;\"><span style=\"background: #f6a192;border-radius: 8px;color: #fff;padding: 5px;font-size: 14px; margin-right: 10px;\"> Chart 3.5.2<\/span>Gross Commission Channel-wise (2024-25)<\/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\":{\"2023-24\":{\"Agents\":10489,\"Brokers\":15248,\"Corporate Agents\":7655,\"Others\":1253,\"Web Aggregators\":25,\"Point of Sale\":2537},\"2024-25\":{\"Agents\":12090,\"Brokers\":18654,\"Corporate Agents\":8120,\"Others\":1581,\"Web Aggregators\":19,\"Point of Sale\":2378}},\"Title\":\"Gross Commission Channel-wise (2024-25)\",\"xTitle\":\"Distribution Channel\",\"yTitle\":\"Commission (\\u20b9 in Crores)\",\"yAxisData\":{\"Agents\":\"Agents\",\"Brokers\":\"Brokers\",\"Corporate Agents\":\"Corporate Agents\",\"Others\":\"Others\",\"Web Aggregators\":\"Web Aggregators\",\"Point of Sale\":\"Point of Sale\"},\"colorCodes\":[\"#956D33\",\" #C98900\"]});\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\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 The Gross Commission rose 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\/2024-25\/index.php?rest_route=\/wp\/v2\/pages\/162"}],"collection":[{"href":"https:\/\/www.gicouncil.in\/yearbook\/2024-25\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.gicouncil.in\/yearbook\/2024-25\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.gicouncil.in\/yearbook\/2024-25\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gicouncil.in\/yearbook\/2024-25\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=162"}],"version-history":[{"count":54,"href":"https:\/\/www.gicouncil.in\/yearbook\/2024-25\/index.php?rest_route=\/wp\/v2\/pages\/162\/revisions"}],"predecessor-version":[{"id":4736,"href":"https:\/\/www.gicouncil.in\/yearbook\/2024-25\/index.php?rest_route=\/wp\/v2\/pages\/162\/revisions\/4736"}],"up":[{"embeddable":true,"href":"https:\/\/www.gicouncil.in\/yearbook\/2024-25\/index.php?rest_route=\/wp\/v2\/pages\/529"}],"wp:attachment":[{"href":"https:\/\/www.gicouncil.in\/yearbook\/2024-25\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=162"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}