IPPB Incentive Structure for DOP End Users(GDS/Postman/PA/IPO/SPM) | IPPB Incentive/Agent Commission for AEPS/Account Opening/CELC/DLC/PMJJBY/General Insurance/Health Insurance/Motor Insurance/Doorstep Banking | Latest (Updated) IPPB Incentive Structure as on 01.09.2021 for Post Office End Users

  Comprehensive Incentive Structure – All Products – 01.09.2021

  CASA Acquisition

SB - 7 INR FOR IPPB +POSA Linked AC or 30 rs cumulative Revenue generated Ac within 90 days of Ac opening

CA – 45 INR for funded CA where 1000 INR CASA maintained for 3 consecutive months beginning with subsequent month of ac opening or 50 rs cumulative Revenue generated Ac within 90 days of Ac opening

 AEPS

Bank will get 0.5% of transaction value maximum upto 15INR +GST

 

	Total Commission from      IPPB to DoP	Last        Mile Agent L0	Level1	Level2
Incentives for AEPS tXN (% commission per revenue generating transaction)
Product Commission	30%	25%	4.50%	0.50%
Doorstep Service Commission	30%	25%	4.50%	0.50%

  PMJJBY

 

Incentives for customer acquisition (Rs. Per PMJJBY sold)
Policy purchase month	Premium Amount	L0	L1	L2
		Incentive	Incentive	Incentive
Jun, Jul, Aug	330	8.4	2.1	0.52
Sep, Oct, Nov	258	6.77	1.69	0.42
Dec, Jan, Feb	172	4.51	1.13	0.28
Mar, Apr, May	86	2.26	0.56	0.14

DLC  

Incentives for customer acquisition (Rs. Per DLC sold)
				L0	L1	L2
	Charges	GST @ 18%	Customer Price	Incentive	Incentive	Incentive
Jeevan Pramaan “DLC”	59.32	10.68	70.00	14.83	2.67	0.30

 CELC 

Incentives for customer acquisition (Rs. Per DLC sold)
				L0	L1	L2
	Charges	GST @ 18%	Customer Price	Incentive	Incentive	Incentive
CELC MOB UPDATE	42.37	10.68	50.00	10.59	1.9	0.21

 

General   Insurance   Incentive   structure   –   2Wheeler   /   4Wheeler/Health Insurance

 Tata AIG Health Insurance

 

Product	Average ticket size	percentage commisssion to Bank	L0	L1	L2
Health Insurance	4000	15%	25%	4.50%	0.50%

 Doorstep Banking – (after 1km from Access point – 20INR +GST) 

Incentives for Doorstep Service (Rs. Per Visit Per Day)
				L0	L1	L2
	Charges	GST @ 18%	Customer Price	Incentive	Incentive	Incentive
Doorstep Banking	20	3.6	23.60	5	0.9	0.1

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