Bharti AXA Life Insurance is one of the leading private life insurance companies in India. Known for its strong presence and customer-centric approach, it provides a wide array of life insurance products, ranging from term insurance plans to wealth management solutions.
For individuals interested in becoming an insurance agent with Bharti AXA Life Insurance, one of the most important factors to consider is the agent commission structure. This structure determines how much an agent can earn through the sale of policies, which is crucial for both existing and prospective agents to understand before joining the company. So, see below Bharti AXA Life Insurance Agent Commission Chart 2025.
Overview of Bharti AXA Life Insurance Agent Commission Chart 2025:
Table of Contents
In 2025, the commission system for insurance agents at Bharti AXA Life Insurance follows a well-structured, tiered commission model that offers competitive pay to agents. The exact commission an agent can earn is determined by various factors such as:
- Type of insurance policy sold: The commission varies for different types of policies (e.g., term, endowment, unit-linked insurance plans (ULIPs), etc.).
- Policy premium: Higher premiums generally yield higher commissions.
- Tenure of the policy: Policies with longer tenures may offer better commission rates.
- Agent’s performance: Top performers may qualify for higher commissions, bonuses, and incentives.
Key Elements of Bharti AXA Life Insurance Agent Commission Chart 2025:
1. First-Year Commission (FYC):
This is the commission paid to agents in the first year of the policy’s sale. FYC commissions are typically the highest as they are paid on the initial premium paid by the policyholder.
- Term Plans: For term insurance policies, agents can expect to receive 20-30% of the first year’s premium as commission, depending on the policy and the sales target.
- Endowment & ULIPs: For endowment and ULIP policies, agents often earn 15-25% commission on the first-year premium, with ULIPs generally offering slightly higher commissions due to the potential of higher premiums.
- Money-Back Plans: These are similar to endowment plans and usually offer commissions in the range of 15-25% of the first year’s premium.
2. Renewal Commission:
After the first year, agents continue to earn a renewal commission every year the policy remains active. This ensures a steady income stream for agents as long as their clients keep renewing their policies.
- Percentage of Renewal Premium: Renewal commissions are usually 5-7% of the premium paid in subsequent years, which tends to decrease after the second or third year of the policy.
- Long-Term Policies: For policies with longer durations, such as 10, 15, or 20 years, the renewal commission may be slightly higher to incentivize agents to secure long-term customers.
3. Bonus and Incentive Schemes:
Bharti AXA Life Insurance also provides various performance-based bonuses and incentives for their agents. These are often linked to monthly, quarterly, or annual sales targets and performance metrics, and can significantly increase an agent’s overall income.
- Monthly/Quarterly Incentives: Agents who meet specific sales targets are eligible for bonuses, ranging from ₹5,000 to ₹50,000 (depending on sales performance).
- Annual Incentives: Bharti AXA Life Insurance agents can earn additional commissions for achieving higher sales volumes. Annual incentives may include cash awards, foreign trips, gifts, or even company-sponsored events for top-performing agents.
4. Special Product Commissions:
For selling specific products, agents can earn higher commissions. Bharti AXA Life Insurance often has special plans or limited-time promotions that offer enhanced commissions to agents.
- New Product Launches: When Bharti AXA launches a new product, they may offer a special commission structure for the first few months or years to promote sales. For example, the Agent commission may increase by 5-10% for specific plans during promotional periods.
- High-Premium Policies: For high-net-worth individuals or clients purchasing high-value insurance policies (e.g., high-value ULIPs or wealth plans), agents can receive commissions as high as 10-15% of the premium.
Bharti AXA Life Insurance Agent Commission Chart 2025 by Policy Type:
| Policy Type | First Year Commission | Renewal Commission (Year 2+) | Special Commission (Bonuses/Incentives) |
|---|---|---|---|
| Term Insurance Plans | 20-30% of first-year premium | 5-7% of the renewal premium | Monthly and quarterly performance-based incentives, special product launches |
| Endowment Plans | 15-25% of first-year premium | 5-7% of renewal premium | Higher commissions for long-term policies, monthly/quarterly performance bonuses |
| Unit-Linked Plans (ULIPs) | 18-25% of first-year premium | 5-7% of renewal premium | Special launch promotions, incentives for high-value policies |
| Money-Back Plans | 15-25% of first-year premium | 5-7% of renewal premium | Bonuses for meeting monthly/quarterly sales targets |
| Wealth Management Plans | 10-15% of first-year premium | 5-7% of renewal premium | Special incentives for HNW clients and wealth management plans |
Bharti AXA Life Insurance Agent Earning Potential:
Bharti AXA Life Insurance agents can earn significantly based on the number of policies sold and the premium values. The total income potential depends on the following:
- Volume of Sales: High-volume agents can earn substantial amounts through FYC and renewal commissions, as well as bonuses for achieving sales targets.
- Client Retention: As a part of the renewal commission structure, agents earn for every renewal their clients make. The ability to retain clients over the years can lead to stable earnings.
- Bonuses and Incentives: The earning potential through bonuses and incentives is limitless, as it directly correlates with the agent’s performance and ability to achieve set sales targets.
Conclusion:
In 2025, Bharti AXA Life Insurance offers a competitive and structured agent commission plan, making it an attractive option for individuals who wish to pursue a career in the life insurance industry. The commission structure is designed to reward hard work and dedication, providing agents with a rewarding income based on their sales and retention capabilities. By combining high first-year commissions, steady renewal earnings, and the possibility of bonuses and incentives, Bharti AXA Life Insurance ensures that its agents are well-compensated for their efforts.
For anyone considering a career with Bharti AXA Life Insurance, understanding the agent commission chart is crucial for setting realistic income goals and planning a successful career trajectory. With comprehensive support and an enticing compensation structure, Bharti AXA Life Insurance remains a preferred choice for many insurance agents in India.
FAQ:
Q. How much commission does an agent earn on a term insurance policy?
A. For term insurance policies, agents typically earn a commission of 20-30% of the first-year premium. Renewal commissions after the first year range from 5-7% of the renewal premium.
Q. Can agents earn commissions on policies after the first year?
A. Yes, agents earn renewal commissions after the first year. These commissions are typically 5-7% of the premium paid in subsequent years, encouraging agents to maintain long-term relationships with their clients.
Q. Do Bharti AXA Life Insurance agents get additional bonuses?
A. Yes, Bharti AXA Life Insurance offers performance-based bonuses and incentives. Agents who meet specific sales targets are eligible for additional earnings, which can range from monthly/quarterly incentives to annual rewards like cash bonuses, foreign trips, and exclusive gifts.
Q. Are the commissions different for different types of policies?
A. Yes, the commissions vary based on the type of insurance policy:
- Term Insurance: Agents earn 20-30% commission on the first-year premium.
- Endowment and ULIPs: Typically, agents earn 15-25% on the first-year premium.
- Money-Back Plans: Commissions are generally 15-25% of the first-year premium.
- Wealth Management Plans: These tend to offer a commission range of 10-15% on the first-year premium.
Q. How does Bharti AXA Life Insurance support its agents?
A. Bharti AXA Life Insurance provides extensive support to its agents, including:
- Training Programs: Comprehensive product knowledge, sales techniques, and customer service training.
- Digital Tools: Access to digital platforms and apps to manage leads, track sales, and process policy renewals.
- Sales and Marketing Support: Help with marketing strategies, leads, and promotional materials.
Q. Can agents earn more if they sell high-premium policies?
A. Yes, agents can earn higher commissions by selling high-premium policies. Bharti AXA Life Insurance offers additional incentives for agents who focus on high-net-worth individuals and sell policies with higher premiums, such as wealth management and unit-linked insurance plans (ULIPs).
Q. What are the renewal commissions for long-term policies?
A. For long-term policies (e.g., 10-20 years), agents continue to earn renewal commissions every year, typically around 5-7% of the renewal premium. Policies with longer tenures may also offer higher initial commissions or special incentives.
Q. Are there any special commissions for selling new products?
A. Yes, Bharti AXA Life Insurance often offers special commission rates during the launch of new products. These promotions can increase the agent’s commission by 5-10% for a limited time or until a certain sales target is achieved.
Q. Is the commission structure the same across all regions?
A. The basic structure of commissions (first-year, renewal, and bonuses) remains the same across the country. However, there may be minor regional variations in terms of promotional offers, marketing support, or special schemes during product launches. Local regulations and market dynamics may also influence commission rates in certain areas.
Q. How does Bharti AXA Life Insurance compare to other companies in terms of commissions?
A. Bharti AXA Life Insurance offers competitive commissions, especially for high-value policies and long-term customer retention. While commission rates vary slightly from one company to another, Bharti AXA’s commission structure, along with its bonuses and incentives, makes it a lucrative option for agents in the life insurance sector.
Q. Can agents work full-time or part-time?
A. Bharti AXA Life Insurance agents have the flexibility to work both full-time and part-time. This flexibility allows agents to choose their working hours and manage their sales activities based on personal preferences and availability.
Q. How can I become an agent for Bharti AXA Life Insurance?
A. To become an agent, follow these steps:
- Registration: Fill out the agent registration form on the Bharti AXA Life Insurance website or visit the nearest branch.
- Training: Complete the mandatory training program to understand the products and sales processes.
- Certification: Pass the licensure exam (if required) for life insurance agents in your state.
- Start Selling: Once certified, you can start selling Bharti AXA Life Insurance products and earning commissions.
Q. How are commissions paid to agents?
A. Commissions are typically paid on a monthly or quarterly basis, depending on the premium payment cycle of the policies sold. First-year commissions are paid after the policyholder’s premium payment is received, while renewal commissions are paid based on the premiums paid in subsequent years.