The total premium under group life was Rs.
This commission will be a percentage of the total premium paid by the investor.
But when that stops happening, the cost of insurance, or total premiums being brought in, is not going to go up.
Originally the federal government's share of total premiums was 20%, with a 50% share of administrative expenses.
Ah right, what about the total premium?
Payouts by workers' compensation insurers have also been rising, and total premiums are a half-billion dollars less than a decade ago.
Purchasing separate policies from different insurers can result in higher total premiums.
These product lines represented ninety percent of the total direct premiums written in 2005.
Agent commissions are typically 8 percent or less of the total premium paid when amortized over the life of a policy.
Seven of the ten employees share in a Prudential small-group plan, with a total monthly premium for the company of $2,612.