COMMISSION FOR AGENTS W.E.F 01.11.2017 HAS BEEN FIXED BY IRDA. IRRESECTIVE OF DISCOUNTS ALLOWED BY THE INSURER, COMMISSION TO THE AGENTS WILL BE PAID @ 15% OF OD PREMIUM FOR OTHER THAM 2 WHEELERS AND 17.55 TO 2-WHEELERS; DISCOUNT MAY BE 0%, OR 60% OR 90%. 

BUT MANY OFFICES ARE NOT CLEAR ABOUT THIS. THEY REDUCE THE COMMISSION TO 10% IF DISCOUNT IS GIVEN 65% IN A PRIVATE CAR. THEY REDUCE COMMISSION TO 5% , IF DISCOUNT IS GIVEN 70%. 

INSURANCE COMPANY HIGHER AUTHORITY NEED TO MAKE IT CLEAR TO OPERATING OFFICES THAT REDUCING COMMISSION RATE WILL WARRANT VIOLATION OF IRDA GUIDELINES W.E.F 01-11-2017

KINDLY ADVISE WHETHER UNDERWRITING OFFICE CAN REDUCE THE COMMISSION RATE IF UNDERWRITING DISCOUNT IS MORE THAN 60% IN PRIVATE CAR WITH IDV LESS THAN 30 LACS ?