Research questions, rates of commision for health insurance

[decworld]

Hi,

Would anyone have an rough idea on the following question.

If someone was selling health benefits like axa or heath plan, at say £9 a month. What would you expect the renueration to be to the sales person including salary.

I know the charity muggers get £100 to £140 per 18 month signup @ £15 a month.

Thanks,
Dec

 

[SimplyCritical]

Dec

Rates vary wildly depending on the insurer, the product and the broker. The typical commission is 10-20% of the premium, but it could be a lot more or less than this.

Some brokers may take a huge lump sum commission up front when arranging life insurance or critical illness insurance, but then take somewhere around 10% of ech premium on a hospital cash plan.

Private medical insurance commissions are generally lower at around 6-8% of each premium, but the larger brokers demand a higher commission from insurers than smaller brokers - I have seen these up at 20%.

Hope this helps.

SC

 

[lockyer]

15-25% of first year premium, 5-10 of each ollowing year. Can't comment on what staff get paid in those industries though

 

[decworld]

that helped alot, thanks

 

[lockyer]

no need to say it just click the thanks button