Section 6(d) in Insurance Regulatory and Development Authority of India (Payment of commission or remuneration or reward to insurance agents and insurance intermediaries) Regulations, 2016
(d)Reward - Life Insurance(i)Reward in life insurance to be calculated on an overall basis for insurance agents and insurance intermediaries respectively and not linked to each and every policy solicited by an insurance agent or an insurance intermediary.(ii)Reward being not more than 20% of first year commission or remuneration paid to insurance agents and insurance intermediaries
