Question

What is the purpose of a band-wise commission structure?

a.

To ensure higher commissions for agents with lower persistency

b.

To provide consistent commission rates across all policies

c.

To offer higher commissions for policies with higher premiums

d.

To reward agents based on their performance and persistency levels

Answer: (d).To reward agents based on their performance and persistency levels Explanation:Band-wise commission structures reward agents based on their performance and persistency levels, offering higher commissions for better persistency and vice versa.

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Q. What is the purpose of a band-wise commission structure?

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