INCENTIVES
Savings Bank: Branch Postmasters are encouraged to open more number of
Accounts and thereby earn income in form of Savings Bank commission as
follows:
# Scheme Incentive/Commission
1 Time Deposit – 1 Year 0.5% of the Deposit Amount
2 Time Deposit – 2 & 3 Year 1% of the Deposit Amount
3 Time Deposit – 5 Year 2% of the Deposit Amount
4 Savings Bank Account 1% of the Net Accretions
(Deposits – Withdrawals)
Speed Post pickup, booking and delivery are encouraged among the staff
members by promoting the incentives @ 50 Paise per article for pickup,
booking and delivery each.
Franchise Outlet scheme is being promoted and individuals are encouraged to
setup Franchise Outlets for booking of Speed Post Articles (earning a
commission ranging from 7% to 25%).
Bulk Customer meets are organized periodically to resolve their issues and are
encouraged to book more number of Speed Post Articles.
Monthly Speed Post business Discount
Rs 50,001/- to 5,00,000/- 10 %
Rs 5,00,001/- to 25,00,000/- 15 %
Rs 25,00,001/- to 100,00,000/- 20 %
Rs 100,00,001/- to 500,00,000/- 25 %
Above Rs 500,00,000/- 30 %
Postal Life Insurance
INCENTIVE FOR NEW BUSINESS PROCUREMENT
Premium Paying Term Incentive for Incentive for other
Anticipated Policies
Endowments
Assurance Policy
Upto and equal to 15 4% of First Year Premium 4% of First Year Premium
Years
More than 15 years but 7% of the First Year 10% of the First Year
less than 25 years Premium Premium
More than 25 years - 20% of the First Year
Premium
RENEWAL PREMIUM
1% of Premium collected
Rural Postal Life Insurance
INCENTIVE FOR NEW BUSINESS 10% of the First Year Premium
PROCUREMENT
RENEWAL PREMIUM 2.5% of the Premium Collected
Retail Post
For payments in Sub Office/Branch
Rs. 1.5/- per transaction
Office
For Payments in Gram Panchayats
Rs. 3/- per transaction
other than SO/BO
KVIC
Category Incentive Amount per Verification
Enumerator Rs. 225/-
Quality Checker Rs. 25/-
Registered Letters
Franchise Outlet scheme is being promoted and individuals are encouraged to
setup Franchise Outlets for booking of Speed Post Articles (earning a
commission @Rs. 3/- per article)
PM VISHWAKARMA
Category Incentive Amount Per
Delivery
Divisional MMU Rs. 5
Supervisory Staff (PH/NDC/PO) Rs. 15
Delivery Staff Rs. 80
IPPB PRODUCT WISE INCENTIVE STRUCTURE
Incentive Across Levels Percentage of incentive -> 26% 4% 2% 8%
DOP
Product Product Description Charge to customer Level -0 Level-1 Level-2
Share
Premium Khata SBPRM Account without Aadhaar Seeding 149+GST (Renewal 99+GST) 26 4 2 8
(Account Opening)/
SBPRM Account with only Aadhaar
Upgradation of 149+GST (Renewal 99+GST) 33.9 5.22 2.61 10.43
Seeding
Exisisting Regular
Ac's SBPRM Account with Aadhaar Seeding and
149+GST (Renewal 99+GST) 48.43 7.45 3.73 14.9
VDC
Aadhar Mobile Update & Child enrolment
CELC 50 11.01 1.69 0.84 3.38
below 5 years
AEPS Tran amount 3000 and above NA 3.9 0.6 0.3 1.2
DLC Digital Life Certificate- Jeevan praman 70 15.42 2.37 1.18 4.74
Motor Insurance- Avg premium amount
Premium Applicable 165 25.38 12.69 50.77
5000
Health Insurance- Avg Pemium amount
Premium Applicable 264 40.62 20.31 81.23
8000
GAG - 520 TATA Rs.520 17 2.62 1.31 5.23
General Insurance GPA - 699 BAGIC Rs.699 23 3.54 1.77 7.08
GPA - 755 NIVA Rs.755 25 3.85 1.92 7.69
GPA - 749 ABHI Rs.749 25 3.85 1.92 7.69
GPA - 799 STAR Rs.799 26 4 2 8
Group Hospicash + Cancer Care + Health
Rs.1094 36 5.54 2.77 11.08
Service
Term Policy Rs.10000 1040 NA NA NA
Life Insurance
Annunity Rs.2,00,000 2080 NA NA NA
JUN, JUL, AUG- Total Permium- 436 10.6 1.63 0.82 3.26
SEP, OCT, NOV- Total Premium- 343 8.6 1.32 0.66 2.65
PMJJBY
DEC, JAN, FEB Total Premium- 228 5.7 0.88 0.44 1.75
MAR, APR, MAY Total Premium- 114 2.8 0.43 0.22 0.86
