Commission expenses among lndian life insurers FY 2021, by type
In financial year 2021, the Life Insurance Corporation (LIC) of India spent 221 billion Indian rupees on commissions. Thereby, the commissions for renewable premiums and new business premiums are on the same level. Private sector companies spent 108 billion Indian rupees on commissions over the same period. Here, the expenses for new business commissions were much higher than for renewal.
