LIC Agent Commission Calculator 2026: Policy-Wise Rates
Ever wondered how much an LIC agent earns when they sell a policy? Or are you an agent looking to calculate your upcoming payouts? Use our interactive commission calculator to find exact payout structures.
LIC agents operate on a commission-based model. The commission structure is strictly regulated by IRDAI and LIC. It is designed to reward agents handsomely in the first year to cover acquisition costs, while providing a smaller, steady "renewal commission" in subsequent years to encourage agents to keep policies active.
Interactive Agent Commission Calculator
Select the policy type, term, and annual premium below to instantly calculate the exact base commission, bonus commission, and renewal payouts.
LIC Commission Chart Explained (Endowment Plans)
For traditional endowment plans like Jeevan Anand, Jeevan Labh, or Jeevan Lakshya, the commission depends heavily on the Policy Term (PT). The longer the term, the higher the first-year commission.
| Policy Term | 1st Year Base | 1st Year Bonus | 2nd & 3rd Year | 4th Year Onwards |
|---|---|---|---|---|
| 15 Years and above | 25% | 40% of Base | 7.5% | 5.0% |
| 10 to 14 Years | 20% | 40% of Base | 5.0% | 5.0% |
| 5 to 9 Years | 10% | 40% of Base | 5.0% | 5.0% |
What is Bonus Commission?
The "Bonus Commission" is an extra incentive paid on top of the first-year base commission. It is typically calculated as 40% of the base commission. For example, if the base commission is 25% of the premium, the bonus commission is 40% of that 25% — which equates to an additional 10% of the premium. Therefore, the total maximum first-year commission an agent can earn on a 15+ year term policy is 35% of the premium.
Note: Commission is always calculated on the base premium amount, excluding GST and any late fees.