INTERNAL
Commission Master for Insurance Products
Insurance Provider: ICICI Prudential Life Insurance Co. Ltd.
PRODUCT NAME PREMIUM PAYING FIRST YEAR RENEWAL COMMISSION FROM 2ND YEAR TILL
TERM COMMISSION PREMIUM PAYING TERM
Cash Advantage 5 15% 5%
7 21% 5%
10 30% 5%
Savings Suraksha 5 15% 5%
7 21% 5%
10 30% 5%
11 33% 5%
12 to 30 35% 5%
Future Perfect 5 15% 5%
7 21% 5%
10 30% 5%
15 / 20 35% 5%
Lakshya Wealth Renewal Commission
2nd Year 3rd 4th & 5th Thereafter till Premium
Year Year Paying Term
5 15% 4% 2% 2% NA
7 21% 4% 4% 2% 2%
10 30% 4% 4% 4% 2%
12 35% 4% 4% 4% 2%
Lakshya Lifelong Income Renewal Commission
2nd Year to Thereafter till Premium Paying Term
5th Year
10 30% 4% 2%
12 35% 4% 2%
15 35% 4% 2%
Life Time Classic Single Premium 2% NA
5 15% 2%
6 15% 2%
7 and above 21% 2%
Smart Life Single Premium 2% NA
Less than 7 15% 2%
7 and above 21% 2%
iProtect Smart Single Premium 7.50% NA
Regular Premium
Less than 10 years 25% 7.50% 5%
>= 10 years 40% 7.50% 5%
Limited Premium
5,6 years 40% 2% 2%
7 to 9 years 40% 3% 3%
10 years and above 40% 4% 4%
60 less current age 40% 4% 4%
iProtect Smart POS 10 40% 7.50% 5%
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RENEWAL COMMISSION
FIRST YEAR
PRODUCT NAME PREMIUM PAYING TERM 4th yr onwards till
COMMISSION 2nd – 3rd yrs
Premium Paying Term
Single Premium 2% NA
5 15% 7.50% 5%
6 18% 7.50% 5%
7 21% 7.50% 5%
Heart / Cancer Protect 8 24% 7.50% 5%
9 27% 7.50% 5%
10 30% 7.50% 5%
11 30% 7.50% 5%
12-47 30% 7.50% 5%
Single Premium 2% NA
Regular Premium
Less than 10 years 7% 2%
iProtect Smart (Buy Online)
>= 10 years 20% 4%
Limited Premium
All premium terms 20% 2%
Group Loan Secure Single Premium 5% NA
IPRU1 Wealth Single Premium 1% NA
Signature
4th year
< 7 years 2nd year 3rd year
onwards
Premium Rs.1 Lac – Rs.4.99 Lacs 14% 2% 2% 1%
Rs 5 Lacs – Rs.9.99 Lacs 14% 1% 1% -
Rs 10 Lacs and above 13% 1% 1% 1%
nd
> = 7 years 2 year
Rs.1 Lac – Rs.4.99 Lacs 20% 2% 2% 1%
Premium
Rs 5 Lacs – Rs.9.99 Lacs 20% 1% 1% -
Rs 10 Lacs and above 15% 1% 1% 1%
Single Premium 2% NA
Signature (Online Version) Regular Premium 2% NA
Guaranteed Pension Plan Single Premium 2% NA
Top Up NA 2% NA
Guaranteed Income For Tomorrow Limited Pay Renewal Commission
2nd Year 3rd Year 4th & 5th Thereafter till
Year Premium Paying
Term
5 15% 4% 2% 2% NA
6 18% 4% 2% 2% 2%
7 21% 4% 4% 2% 2%
10 30% 4% 4% 4% 2%
Single Premium 2% NA
Guaranteed Wealth Protector Single Premium 2% NA
5 9% 2%
7 20% 2%
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Insurance provider: Royal Sundaram General Insurance Co Ltd.
PRODUCT NAME COMMISSION*
Group Health Insurance (Employer - Employee only) 7.5%
Group Health Insurance (Non-Employer - Employee) 15%
Group Personal Accident (Employer - Employee only) 7.5%
Group Personal Accident (Non-Employer - Employee) 15%
Personal Accident 15%
Lifeline 15%
Smart Cash Plan 15%
Car Shield Private Vehicle – Comprehensive
Year / Age of Vehicle Own Damage Third Party Damage
Certificate of registration –1st to 3rd year 15% Nil
Certificate of registration – 4th year onwards 15% 2.5%
Insurance provider: Max Bupa Health Insurance Co Ltd.
PRODUCT NAME COMMISSION*
Health Assurance version 2 15%
Health Companion version 3 15%
Health Premia 15%
Insurance provider: Bharti AXA General Insurance Co. Ltd.
PRODUCT NAME COMMISSION*
Smart traveller insurance policy 15%
15%
Smart super health insurance policy
15%
Universal Protection Insurance Policy
15%
Group Health Assure
Year Comprehensive cover Standalone
(Certificate of cover
registration)
1st to 3rd year 15% (Own Damage(OD) Portion) + (Nil 2.5%
Smart drive private car insurance policy
– Third Party(TP) Portion)
4th year 15% (OD Portion) + (2.5 – TP Portion) 2.5%
onwards
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Insurance provider: ICICI Lombard General Insurance Co. Ltd.
PRODUCT NAME COMMISSION*
Income Protect 15%
If customer type individual: 16.5%
Merchant Cover
If customer type corporate: 12.5%
7.5%
Group Health Floater Insurance
Year Comprehensive cover Standalone
(Certificate of cover
registration)
1st to 3rd year 15% (Own Damage(OD) Portion) + (Nil 2.5%
Private Car Package Policy
– Third Party(TP) Portion)
4th year 15% (OD Portion) + 2.5%(TP Portion) 2.5%
onwards
Group Personal Accident (Employer - Employee only) 7.5%
Group Personal Accident (Non-Employer - Employee) 15%
ICICI Lombard Complete Health Insurance 15%
Bharat Griha Raksha 16.5%
*For Royal Sundaram General Insurance Co Ltd., Max Bupa Health Insurance Co Ltd., ICICI Lombard General Insurance Co. Ltd.
& Bharti AXA General Insurance Co. Ltd. products, the commission rates mentioned above are also applicable on Renewal of
policies.
Disclaimer
Standard Chartered Bank is a licensed Corporate Agent of ICICI Prudential Life Insurance Co. Ltd., Royal Sundaram General
Insurance Co Ltd., Max Bupa Health Insurance Co. Ltd., ICICI Lombard General Insurance Co. Ltd. and Bharti AXA General
Insurance Co. Ltd., under the composite license no. CA0028. Collectively referred to as the “third party product providers”.
This document provides the information of commission payable by the respective third party product providers. The information has
been collated on the basis of information provided by the respective third party product providers and is subject to change from time
to time without prior notice or consent. While all reasonable care has been taken in preparing this document, no responsibility or
liability is accepted for errors of fact. The commission payable by the third party product providers to the Bank is as per the terms of
the agreement between the Bank and the respective third party product providers and subject to the limits prescribed by regulations
on the same. The commission details may be updated on the Bank's website (www.sc.com/in/) from time to time and customers are
advised to check the same before subscribing to an insurance product. Neither the Bank nor its affiliates/subsidiaries or Group
companies will be responsible for intimating customers of any change in the rates of Commission other than by way of posting the
information on this website.
The Schedule of Commission is effective from 29th Jun 2021 and will be updated from time to time subject to changes. For further
queries, please contact your Relationship Manager.
The insurance plans are underwritten and issued by respective third party product providers. Claims will be settled by respective
third party product providers as per the terms and conditions of the policy. Insurance is a subject matter of solicitation.
This document is for information purposes only. It does not constitute any offer, recommendation or solicitation to any person to
enter into any transaction.
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COMM_2021V5
