The Oriental Insurance Company offers Oriental health insurance products. The company began operations in September 1947 as a subsidiary of the Oriental Government Security Life Assurance Company and was later handed to the central government in 2003. There are simple processes to be an agent of oriental insurance. So, in this article, see the Oriental Insurance Agent Commission Chart 2026.
How to Become an Agent of Oriental Insurance:
There is a lot of earning potential in this industry, and if you don’t mind putting in some effort, Oriental welcomes you to join its family. The IRDA’s requirements for licensing insurance agents are as follows. So, see below how to become Oriental Insurance agent.
1. Qualifications: If the applicant resides in a place with a population of five thousand or more as per the last census, the applicant must have passed the 12th Standard or equivalent examination conducted by any recognized Board/Institution, or a pass in the 10th Standard or equivalent examination from a recognized Board/Institution if the applicant resides in any other place.
2. Practical Training: The applicant must complete 100 hours of general insurance training at an approved institution. This will be 150 hours for agents pursuing a license in both life and general insurance.
3. Examination: Following completion of practical training, the applicant must pass a pre-recruitment examination administered by the Insurance Institute of India, Mumbai. (Full data are available on the IRDA website, www.irdaindia.org.
Following a preliminary review and brief contact with you, the concerned officer will proceed with your application based on your eligibility. The office would organize training for a modest fee.
Oriental Insurance Agent Commission Chart 2026:
As of now, the specific commission structure for Oriental agent in 2026 has not been publicly disclosed. Below is a general overview of the Oriental Insurance agent commission chart for different types of insurance policies:
| Type of Insurance | Commission Rate |
|---|---|
| Motor Insurance | – Private Vehicles: Up to 15% of the own damage premium – Two-Wheelers: Up to 17.5% of the own damage premium – Commercial Vehicles: Up to 15% of the own damage premium; an additional 1.5% on third-party premium for vehicles aged 4 years and above |
| Health Insurance | – Individual Policies – Group Policies: Typically lower than individual policies |
| Fire Insurance | – Retail Policies: – Corporate Policies: Typically lower than retail policies |
| Marine Insurance | – Cargo: – Hull: |
Please note that these rates are subject to change based on IRDAI regulations and the company’s internal policies. For the most accurate and up-to-date information regarding Oriental Insurance’s commission structure for 2026, it’s advisable to contact the company directly or visit their official website.
How to Calculate Oriental Insurance Agent Commission?
Identify the Type of Policy:
Commission rates vary by insurance product:- Motor Insurance: Cars, bikes, commercial vehicles
- Health Insurance: Individual and group health plans
- Home Insurance: Property and household coverage
- Travel Insurance: Domestic and international travel plans
- Commercial Insurance: Fire, marine, and liability insurance
Know the Commission Rate:
Commission rates typically follow IRDAI guidelines. Approximate rates:- Motor Insurance:
- Private Cars: Up to 15% of own-damage premium
- Two-Wheelers: Up to 17.5% of own-damage premium
- Commercial Vehicles: 10% to 15% of own-damage premium + ~1.5% on third-party premium (for older vehicles)
- Health Insurance: 15% to 20% on individual plans; lower for group policies
- Fire Insurance: 10% to 15% for retail; lower for corporate policies
- Marine Insurance: Varies based on cargo and hull policies
- Motor Insurance:
Get the Premium Amount:
Exclude GST and any additional charges. Use only the base premium amount.Apply the Commission Formula:
Commission = Premium Amount × Commission Rate (%)Example Calculation:
Suppose you sell a comprehensive car insurance policy with a ₹40,000 own-damage premium:- Premium: ₹40,000
- Commission Rate: 15%
- Commission Earned: ₹40,000 × 15% = ₹6,000
For Policy Renewals:
Renewal commissions are typically lower, around 5% to 10% for most insurance products.
Example for a car insurance renewal with a ₹35,000 premium at a 7% rate:- Commission: ₹35,000 × 7% = ₹2,450
Earnings from Add-Ons:
Selling additional covers like zero depreciation, engine protection, or roadside assistance often gives 5% to 15% extra commission.Incentives and Bonuses:
High-performing agents may qualify for performance-based bonuses, extra commissions, and rewards.Annual Earnings Estimation:
If you sell 10 motor insurance policies a month with an average ₹30,000 premium and a 12% commission rate:- Monthly Commission: 10 × ₹30,000 × 12% = ₹36,000
- Annual Commission: ₹36,000 × 12 = ₹4,32,000
Industry Data: Oriental Insurance Commission
₹398.25 crore in commission was paid by Oriental Insurance for its health insurance business during April–December 2025, according to CafeMutual analysis.
Source: CafeMutual analysis of insurance industry data.
FAQs:
Q. What is the commission rate for Oriental Insurance agents?
A. Commission rates vary by product:
Motor Insurance: Private Cars: Up to 15% of the own-damage premium
Two-Wheelers: Up to 17.5% of the own-damage premium
Commercial Vehicles: 10% to 15% on the own-damage premium + ~1.5% on third-party premium (for older vehicles)
Health Insurance: 15% to 20% on individual policies; lower for group policies
Renewal Policies: 5% to 10% commission
Other Insurance (Fire, Marine, etc.): Varies, usually between 10% and 15%
Q. How is the commission calculated?
A. Commission is calculated on the base premium (excluding taxes and additional charges):
Commission = Premium Amount × Commission Rate (%)
Example: For a motor insurance policy with a ₹40,000 premium and a 15% rate:
₹40,000 × 15% = ₹6,000 commission
Q. When is the commission paid?
A. Commissions are generally paid monthly after the policy’s premium has been collected and processed.
Q. Do agents earn commission on policy renewals?
A. Yes! Renewal commissions are usually 5% to 10%, depending on the policy type.
Q. Are there any performance-based incentives?
A. Yes, Oriental Insurance often offers bonuses and incentives for agents who meet or exceed sales targets. These may include higher commission rates, cash bonuses, or rewards.
Q. Is there a cap on the commission an agent can earn?
A. No, there’s no upper limit; the more policies you sell and renew, the more you earn.
Q. Do agents earn commission on add-on covers?
A. Yes! Selling add-ons like zero depreciation, engine protection, or roadside assistance can increase your commission; these usually carry 5% to 15% commission rates.
Q. Can an Oriental Insurance agent sell multiple types of policies?
A. Absolutely! Agents can sell a variety of insurance products, including:
Motor Insurance
Health Insurance
Home and Property Insurance
Travel Insurance
Commercial and Business Insurance
Q. How can I maximize my earnings as an Oriental Insurance agent?
Sell high-premium policies
Focus on renewals for consistent income
Cross-sell multiple products like health, motor, and home insurance
Build long-term relationships and provide excellent customer service