Agents, POSP & IMF
Q2 Incentive Scheme
FY 2025-26
Health
Incentive
Scheme
Health Incentive Scheme
Criteria for Incentive:
1. Fresh/ 3. ICR on Earned
Existing Agent Premium
5. Age of the Insured
(Oldest Member)
2. Premium 4. Transferred
Business
The Scheme is applicable for the following policies:
1) New India Mediclaim Policy (UK) 5) New India Premier Mediclaim (HN) 9) Overseas Travel Ease Policy (BH & ES)(< 50 yrs)
2) New India Floater Mediclaim Policy (NP) 6) Overseas Mediclaim Policy (OT) (< 50 yrs) 10) YUVA Bharat Health Policy (YU)
3) New India Ashakiran Policy (AK) 7) New India Cancer Guard Insurance Policy (CJ) 11)New India Criti Protect Policy (NC)
4) New India TOP-UP Mediclaim Policy (TU) 8) Arogya Sanjeevani Mediclaim Policy (AJ) 12) Arogya Pragati Plus (TR)
Fresh Agent: New/ Existing Agent with Base Premium 0 or –ve
ICR on Earned Premium of 12 policies preceding 12 months ending last quarter (July 2024 to June 2025)
No Incentive on Transferred Business and it is excluded from incentive calculations for all class of business.
Health Incentive Scheme
Age of Insured
Class of business Incentives % of Premium
Person
Up to 40 yrs 32%
Fresh Business
> 40 yrs to 55 yrs 12%
Existing Class of business Age of Insured Person ICR Up to 75% *ICR > 75%
Agent Non- New India
Upto 50 Yrs 25% NA
Renewals
Class of business Age of Insured Person ICR Up to 75% *ICR > 75%
Up to 40 years 21%
Renewals of New NA
India > 40 yrs to 55yrs 12%
Health Incentive Scheme
Class of business Age of Insured Person Incentives % of Premium
Fresh Agent Up to 40 yrs 32%
No Premium Fresh Business
No ICR > 40 yrs to 55 yrs 12%
Non- New India Renewals Upto 50 Yrs 25% NA
Class of business Age of Insured Person Incentives % of Premium
Up to 40 yrs 32%
Fresh Business
> 40 yrs to 55 yrs 12%
Fresh Agent Class of business Age of Insured Person ICR Up to 75% *ICR > 75%
(Existing Agent Non- New India Renewals Upto 50 Yrs 25% NA
with Base Premium
Zero/ -ve) Class of business Age of Insured Person ICR Up to 75% *ICR > 75%
Up to 40 years 21%
Renewals of New India NA
> 40 yrs to 55yrs 12%
Health Incentive Scheme
Additional Incentive
Without any Eligibility Criteria:
10% of Premium in Fresh/ Non NIA Renewal
Upto 45 yrs Upto 50yrs
• YUVA Bharat Health Policy (YU) • Overseas Travel Ease Policy (BH & ES)
• New India Cancer Guard Insurance Policy (CJ) • Overseas Mediclaim Policy (OT)
• Arogya Sanjeevani Mediclaim Policy (AJ) • New India Premier Mediclaim (HN)
• New India Criti Protect Policy (NC)
With Eligibility Criteria:
5% on the total premium -> 10% Accretion in policy count compared to the previous year in the same month
(Insured age upto 55 yrs)
Motor Incentive Scheme
This Scheme is applicable to all Motor Policies excluding PC, TW
& CV (GCV upto 7500 kg GVW & > 40,000 kg GVW)
Motor Incentive Scheme
Criteria for Incentive
1. Fresh/ 4. Vehicle
2. Premium 3. Type of 5. Transferred
Existing Age
Growth Vehicle Business
Agent
Eligibility:
Fresh Agents: Minimum Motor LOB Premium of Rs.50,000/- for the month
Existing Agents: Minimum Accretion of 5% or Rs.50,000/- in Base Motor LOB
Premium (July, Aug & Sep respectively) of corresponding month of last year
(whichever is lower)
Motor Incentive Scheme
Brand New Vehicle Vehicle Age SATP
Vehicle Segment
upto 12 months 1 yr – 15 yrs Incentive %
Incentive % Incentive %
B- Trailers 5 5(*4) 5
C1a – 4 Wheeled Vehicles used for carrying passengers for hire or reward
with carrying capacity not exceeding 6 passengers 10 5(*4) 5
C2- Four or more Wheeled vehicles used for carrying passengers for hire
5 4 4(*5)
or reward with carrying capacity exceeding 6 passengers
C2 - Motorized Three Wheeled Vehicles used for carrying passengers for
hire or reward with carrying capacity exceeding 17 passengers
5 5 5
C3 – Motorized Three Wheeled Vehicles used for carrying passengers for
hire or reward with carrying capacity exceeding 6 passengers but not
exceeding 17 passengers
C4 – Motorized Two Wheeled Vehicles used for carrying passengers for
hire or reward
GCV, GVW > 7500 kgs to 40000 kgs 5 4 4
No Incentive: C1b – Three Wheeled Vehicles used for carrying passengers for hire or reward with carrying * Indicates logic Q1 Incentive
capacity not exceeding 6 passengers but included in Incentive calculation. Scheme of FY 2025-26
Motor Incentive Scheme
Brand New Vehicle upto Vehicle Age 1 yr – 7 yrs Vehicle Age 7 yrs – SATP
Vehicle Segment 12 months 15 yrs
Incentive % Incentive %
Incentive % Incentive %
D- Special Types of Vehicles 20 10 5 5
Agricultural Tractors
25 25 10 5
Without any Eligibility condition OD Incentive% TP Incentive% SATP Incentive%
(* Eligibility condition was present in Q1)
School Bus 30% (*25%) 40% (*25%) 40% (*25%)
Non-MISP dealer business and CPA polices for
both existing and fresh Agents/POSP/IMF 30% on eligible commission as incentives
* Indicates logic as per Q1 Incentive Scheme of FY 2025-26
Non Motor Non Health
Incentive Scheme
Non Motor Non Health
Incentive Scheme
Criteria for Incentive
1. Fresh/ 4. Transferred
2. Premium 3. Type
Existing Business
Business
Agent
Eligibility:
Fresh Agents: Min Premium of Rs.25,000/- for the month from Dept. Fire(11), Marine
Cargo(21),Liability (36), Personal Accident (42), Aviation (43) New India unmanned Air
Craft System (UAS/UAV/RPAS/DRONE)Insurance only, Engineering (44), Misc. Traditional
Business (46), Rural Insurance (47), Misc. Non Traditional Business (48) and Credit
Insurance & Surety Bonds (50).
Existing Agents: Base Premium of corresponding month of last year is to be maintained
(Jul, Aug & Sep 2024 respectively).
Non Motor Non Health Incentive Scheme
Whole Non Motor Non Health Premium is included excluding the following Class of Business
(Premium under Point No. 1 & 5 is included for Eligibility Purpose)
4. Govt. Business Premium/
1. Terrorism Premium 2. GPA Premium 3. CNP Premium
Govt. Sponsored Business
under code 46.
Premium under 42
5. Fire (code 11) – Risks as given below:
Point 5:
•Chemical Mfg using materials with flash point below 32 degree Celsius, Bulk drug mfg.(IIB Risk Code 2043)
•Chemical Mfg. (others) (IIB Risk Code 2044)
•Electric Generation Stations – Hydro Power plants (IIB Risk Code 2070)
•Transporter’s Godowns and Godowns of C & F Agents (materials stored in godowns and Silos in open)(IIB Risk Code 4005 & 4016)
•Plastic Goods Mfg. (excl. foam plastics) using plastic raw materials with calorific value both up to & above 15000 btu /lb (IIB Risk Code 2148
& 2216)
•Cotton Gin & Press Houses (IIB Risk Code 2063)
•Engineering:-Engineering LOB excludes
1. Road ( Hilly /Ghaat Areas),
2. All hydro project policies and tunnels in Himalayan region. (Himalayan region consists of States Arunachal Pradesh, Sikkim, Uttarakhand,
Himachal Pradesh, Meghalaya, Manipur, Mizoram, Assam, Nagaland, Tripura and Union Territories of J&K and Ladakh .)
Non Motor Non Health
Incentive Scheme
Incentives % of
Department
Premium
New India Bharat Griha Raksha Policy (including flexi) (BG/BF)
25%
New India Bharat Flexi Griha Raksha Long Term Policy (BL)
Bharat Sookshma Udyam Suraksha Policy (including flexi) (US/UF) 15%
New India Bharat Laghu Udyam Suraksha (including Flexi) (LU/LF) 20% (*12.5%)
Standard Fire & Special Perils (SF) and other allied policies (FF/FD/DF/LP) 20%
Industrial All Risk (AR) 15%
Fire large Risk (LR) 10%
21 (Marine Cargo) & 47(Rural Insurance) 5%
36 (Liability/WC) ---- existing 7.5% Plus additional incentive 2.5% 10% (*7.5%)
42(Personal Accident), 44(Engg),46 (Traditional Business) (Including Mahila Udayam
7.5%
Policies ), 48 (Non-Traditional Business) & 50 (Credit Insurance & Surety Bonds)
44 – Project Policies except exclusion as per point no. 5. 12.5%
New India unmanned Air Craft System (UAS/UAV/RPAS/DRONE)Insurance only Dept
3%
43
* Indicates logic as per Q1 Incentive Scheme of FY 2025-26
Non Motor Non Health
Incentive Scheme
Additional Incentives
•5% of Premium to be given on all policies under Pravasi Bhartiya Bima Yojana.
•Top-Up Incentives of 1% of Premium on completion of Rs. 1.50 lacs combined premium for the month.
•10% of Premium to be given on Saral Sampurna Kisan Bima Policy without eligibility criteria.
•5% of Premium to be given on Mahila Udayam Policies subject to 150 policies per month with
premium of Rs.10,00,000/- per month.
•12.5% of Premium to be given on Jewellers Block Policy (*No Additional Incentive was given in Q1)
Incentive on Case Basis (Technical Deptt. Approval required)
•Fire (11) Risk Codes 2043 (Chemical mfg. using materials with flash point below 32 degree
Celsius, bulk drug mfg. & 2044 (Chemical mfg. – others) -> 10% of Premium -> ICR >10% (last 5
yrs)
•For Plastic Goods Mfg. (excl. foam plastics) using plastic raw materials with calorific value both up
to & above 15000 btu/lb (IIB Risk Code 2148 & 2216) -> 10% of Premium -> ICR >10% (last 5 yrs)
(*No Incentive was given in Q1)
* Indicates logic as per Q1 Incentive Scheme of FY 2025-26
Changes in Q2 Incentive Scheme of FY 2025-26
Health:
Additional Incentive of 5% on the total premium is given on 10% Accretion in policy count
compared to the previous year in the same month. Only the policy count of the 12
mentioned policies are considered for this additional incentive and incentive will be given
only in policies with the age of oldest member insured upto 55 yrs.)
Motor:
Incentive in School bus for package policies is increased from 25% to 30% of OD Premium
and 25% to 40 % of TP Premium. For Stand Alone TP policies from 25% to 40%.(Without any
Eligibility criteria.)
Changes in Q2 Incentive Scheme of FY 2025-26
Non Motor Non Health:
1. Incentive in New India Laghu Udyam Bima is increased from 12.5% to 20%
2. Incentive in Liability (36) Policies is increased from 7.5% to 10%
3. Additional Incentive of 12.5% of Premium is given on Jewellers Block Policy (In Q1 of FY 2025-26 no
additional incentive was given in Jewellers Block Policies)
4. Incentive will now be payable on hydro projects/ plants other than located in Himalayan regions. (In
Q1 no Incentive was given in Hydro power projects /plants all over India). No change in eligibility
criteria
5. For Plastic Goods Mfg. (excl. foam plastics) using plastic raw materials with calorific value both up to
& above 15000 btu/lb (IIB Risk Code 2148 & 2216), Incentive is given as 10% of Premium if ICR is
less than 10% of last 5 yrs. On case to case basis (i.e ticket will be raised by Ros recommending such
cases to Fire Tech Department for approval, once it is approved incentive will be given). In Q1 no
incentive was not given in Plastic Goods Mfg.
New & Revised changes in Q2 Incentive Scheme of FY 2025-26
LOB New Revision
Additional Incentive of 5% on the total premium is given on 10% Accretion
in policy count compared to the previous year in the same month. Only
Health the policy count of the 12 mentioned policies are considered for this NIL
additional incentive and incentive will be given only in policies with the
age of oldest member insured upto 55 yrs.)
Incentive in School bus for package policies is increased from
25% to 30% of OD Premium and 25% to 40 % of TP Premium.
Motor NIL
For Stand Alone TP policies from 25% to 40%.(Without any
Eligibility criteria.)
1. Additional Incentive of 12.5% of Premium is given on Jewellers Block
Policy (In Q1 of FY 2025-26 no additional incentive was given in Jewellers 1. Incentive in New India Laghu Udyam Bima is increased from
Block Policies) 12.5% to 20%
2. For Plastic Goods Mfg. (excl. foam plastics) using plastic raw materials 2. Incentive in Liability (36) Policies is increased from 7.5% to
with calorific value both up to & above 15000 btu/lb (IIB Risk Code 2148 & 10%
NMNH 2216), Incentive is given as 10% of Premium if ICR is less than 10% of last 5 3. Incentive will now be payable on hydro projects/ plants
yrs. On case to case basis (i.e ticket will be raised by Ros recommending other than located in Himalayan regions. (In Q1 no Incentive
such cases to Fire Tech Department for approval, once it is approved was given in Hydro power projects /plants all over India). No
incentive will be given). In Q1 no incentive was not given in Plastic Goods change in eligibility criteria
Mfg.
Thank you!
