For insurance agents, choosing the right company to work with can directly impact their income and career growth. While IRDAI sets broad commission guidelines, insurers still vary in their first-year and renewal commission slabs.
In 2025, some companies stand out by offering agents higher payouts and better renewal structures. Here’s a look at the Top 5 insurance companies in India that pay the highest commissions.
1. LIC (Life Insurance Corporation of India)
- Why it leads: India’s largest insurer with unmatched brand trust.
- Commission Rates:
- Savings/Endowment: 35–40% (highest in industry).
- Term: 25–30%.
- ULIP: 2–5%.
- Best For: Agents focusing on traditional savings plans and middle-class families.
2. HDFC Life
- Why it stands out: Strong digital systems, attractive term & renewal commissions.
- Commission Rates:
- Term: 30–35% (higher than LIC/SBI).
- Savings: 30–35%.
- ULIP: 2–7%.
- Renewal: 7.5% (steady long-term passive income).
- Best For: Agents looking for a balanced portfolio with good digital tools.
3. SBI Life
- Why it’s competitive: Backed by SBI’s huge bancassurance network.
- Commission Rates:
- Term: 25–30%.
- Savings: 30–35%.
- ULIP: 2–6%.
- Renewal: ~5–7%.
- Best For: Agents who want steady client access through banks.
4. ICICI Prudential Life
- Why it matters: Strong private sector insurer with urban client base.
- Commission Rates:
- Term: 25–30%.
- Savings: 30–35%.
- ULIP: 2–6%.
- Best For: Agents targeting metros and salaried clients.
5. Max Life Insurance
- Why it’s popular: High persistency, supportive training for agents.
- Commission Rates:
- Term: 25–30%.
- Savings: 30–35%.
- ULIP: 2–6%.
- Best For: Agents who want long-term client retention and strong support.
Quick Comparison Table (2025)
| Insurer | Term | Savings | ULIP | Renewal |
|---|---|---|---|---|
| LIC | 25–30% | 35–40% | 2–5% | ~5–7.5% |
| HDFC Life | 30–35% | 30–35% | 2–7% | 7.5% |
| SBI Life | 25–30% | 30–35% | 2–6% | ~5–7% |
| ICICI Pru | 25–30% | 30–35% | 2–6% | ~5–7% |
| Max Life | 25–30% | 30–35% | 2–6% | ~5–7% |
Conclusion
In 2025, LIC remains the leader in high savings-plan commissions, HDFC Life is strongest for term plans and renewals, and SBI Life provides bancassurance-driven opportunities. ICICI Prudential and Max Life complete the top five with competitive slabs.
For agents, the choice depends on whether you want high first-year cheques (LIC), balanced growth + renewals (HDFC Life), or bank-supported sales (SBI Life).
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