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    UIICL Broker Commission and Reward 202425

    Uploaded by

    Bharadwaj Ch
    The document outlines commission structures for various insurance products across fire, engineering, and marine cargo departments. It provides commission percentages and total payouts based on incremental commission ranges (ICR) of earned premium for each product category.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    UIICL Broker Commission and Reward 202425

    Uploaded by

    Bharadwaj Ch
    6 views1 page
    The document outlines commission structures for various insurance products across fire, engineering, and marine cargo departments. It provides commission percentages and total payouts based on incremental commission ranges (ICR) of earned premium for each product category.

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    © © All Rights Reserved

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    PDF, TXT or read online from Scribd

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    The document outlines commission structures for various insurance products across fire, engineering, and marine cargo departments. It provides commission percentages and total payouts based on incremental commission ranges (ICR) of earned premium for each product category.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    6 views1 page

    UIICL Broker Commission and Reward 202425

    Uploaded by

    Bharadwaj Ch
    The document outlines commission structures for various insurance products across fire, engineering, and marine cargo departments. It provides commission percentages and total payouts based on incremental commission ranges (ICR) of earned premium for each product category.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
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    Reward Reward Reward

    (ICR upto Total (ICR 60 to Total (ICR 75 to Total


    Fire Commission 60%) Payout 75%) Payout 85%) Payout
    Bharat Grih Raksha 25.00% 10.0% 35.00% 6.25% 31.25% 3.75% 28.75%
    BSUS/BLUS/UVUS 20.00% 8.0% 28.00% 5.00% 25.00% 3.00% 23.00%
    Floater / Declaration / Floater Declaration 20.00% 8.0% 28.00% 5.00% 25.00% 3.00% 23.00%
    Standalone FLOP As per Main Policy
    MEGA Risk (SI above 2500 Cr) 10.00% 4.0% 14.00% 2.50% 12.50% 1.50% 11.50%
    All other Fire Product (SI upto 2500 Cr) 20.00% 8.0% 28.00% 5.00% 25.00% 3.00% 23.00%
    SAT / Terrorism 5.00% 2.0% 7.00% 1.25% 6.25% 0.75% 5.75%
    Declined Risk ( In all Products) 0.00% 0.00% 0.00% 0.00%
    2231 - Disposable Diaper Manufacturing 6.25% 2.5% 8.75% 1.56% 7.81% 0.94% 7.19%
    2070 - Electric Generation Stations – Hydro 6.25% 2.5% 8.75% 1.56% 7.81% 0.94% 7.19%
    2084 - Foamed Plastics Manufacturing and / or converting
    plants 6.25% 2.5% 8.75% 1.56% 7.81% 0.94% 7.19%
    2085 - Foam Rubber Manufacturing 6.25% 2.5% 8.75% 1.56% 7.81% 0.94% 7.19%

    2043 - Chemical Manufacturing(Using materials with Flash


    Point below 32OC), Bulk Drug Manufacturing 7.50% 3.0% 10.50% 1.88% 9.38% 1.13% 8.63%
    2148 - Plastic goods manufacturing (Excluding foam
    plastics) Using Plastic raw materials having calorific value
    upto
    15,000 btu/lb. 7.50% 3.0% 10.50% 1.88% 9.38% 1.13% 8.63%
    2216 - Plastic goods manufacturing (Excluding foam
    plastics) Using Plastic raw materials having calorific value
    above
    15,000 btu/lb. 7.50% 3.0% 10.50% 1.88% 9.38% 1.13% 8.63%
    2163 - Rope works (Plastic), Assembling of Plastic Goods
    such as Toys and the like 10.00% 4.0% 14.00% 2.50% 12.50% 1.50% 11.50%
    2044 - Chemical Manufacturing(others), Pharmaceuticals,
    Toiletry products 10.00% 4.0% 14.00% 2.50% 12.50% 1.50% 11.50%

    2144 - Paper and Cardboard Mills (including Lamination) 10.00% 4.0% 14.00% 2.50% 12.50% 1.50% 11.50%

    2121 - Man-made Fibre Manufacturing (using Cellulose) 11.50% 4.6% 16.10% 2.88% 14.38% 1.73% 13.23%
    2122 - Man-made Fibre Manufacturing (others) 11.50% 4.6% 16.10% 2.88% 14.38% 1.73% 13.23%
    Standalone storage of Coal, Cotton, SaltBunds 11.50% 4.6% 16.10% 2.88% 14.38% 1.73% 13.23%
    Risks Located in Bhiwandi 11.50% 4.6% 16.10% 2.88% 14.38% 1.73% 13.23%
    Reward Reward Reward
    (ICR upto Total (ICR 60 to Total (ICR 75 to Total
    Engineering Commission 60%) Payout 75%) Payout 85%) Payout
    ALOP 20.00% 8.0% 28.00% 5.00% 25.00% 3.00% 23.00%
    Boiler & pressure Plant Policy 20.00% 8.0% 28.00% 5.00% 25.00% 3.00% 23.00%
    Civil Engineering Completed Risk 20.00% 8.0% 28.00% 5.00% 25.00% 3.00% 23.00%
    CAR /EAR 20.00% 8.0% 28.00% 5.00% 25.00% 3.00% 23.00%
    CPM 20.00% 8.0% 28.00% 5.00% 25.00% 3.00% 23.00%
    Deterioration of stock 20.00% 8.0% 28.00% 5.00% 25.00% 3.00% 23.00%
    EEI 15.00% 6.0% 21.00% 3.75% 18.75% 2.25% 17.25%
    MBD 15.00% 6.0% 21.00% 3.75% 18.75% 2.25% 17.25%
    Standalone MLOP 20.00% 8.0% 28.00% 5.00% 25.00% 3.00% 23.00%
    Marine Cum Erection 20.00% 8.0% 28.00% 5.00% 25.00% 3.00% 23.00%
    Storage Cum Erection 20.00% 8.0% 28.00% 5.00% 25.00% 3.00% 23.00%
    MEGA Risk (SI above 2500 Cr) 10.00% 4.0% 14.00% 2.50% 12.50% 1.50% 11.50%
    All other Engineering Product (SI upto 2500 Cr) 20.00% 8.0% 28.00% 5.00% 25.00% 3.00% 23.00%
    SAT / Terrorism 5.00% 2.0% 7.00% 1.25% 6.25% 0.75% 5.75%
    Reward Reward
    (ICR upto Total (ICR 80 to Total
    Marine Cargo Commission 80%) Payout 85%) Payout
    Annual Policy 20.00% 6.00% 26.00% 3.00% 23.00%
    Open Policy / STOP 20.00% 6.00% 26.00% 3.00% 23.00%
    Declaration Policy 16.50% 4.95% 21.45% 2.48% 18.98%
    Special Declaration Policy 16.50% 4.95% 21.45% 2.48% 18.98%
    All other products under marine cargo 16.50% 4.95% 21.45% 2.48% 18.98%

    Minimum premium in fire & Engg Dept. - Rs. 10 lakhs


    ICR means ICR on Earned Premium Basis i.e. (Last year Premium + Current year Premium)/2

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