"Uniform but Different": Increasingly Similar Incentives for Non-Life Insurance GA Planners
Recently, the incentive schemes for GA planners from non-life insurance companies have become increasingly similar Recently, the incentive schemes for GA planners from non-life insurance companies have become increasingly similar. Reflecting the financial authorities' restraint on excessive incentive competition, there has been little change in the total incentive amounts, but next-month incentive rates have significantly increased. In this blog post, we will examine the current incentive schemes for GA planners at major non-life insurance companies and their impact on the industry. Samsung Fire & Marine Insurance: Next-month maximum 280%, total incentive rate up to 1350% Samsung Fire & Marine Insurance offers a 100% cash incentive for long-term insurance premiums paid in the next month. GA planners receive an additional 180% incentive the following month. To encourage early activation, planners can receive up to 300% cash incentives for maintaining activity from August 1 t...