life book 2

WHAT'S IN IT FOR YOU?
QUARTERLY PRODUCTION BONUS (QPB)
Percentage Based on NAP*
Percentage
12% 14% 17% 20%
150,000
190,001
300,001
NAP
500,001
TO
TO
TO
BRACKET
AND UP
190,000
300,000
500,000
Notes:
NAP: Net Annualized Premium (Total Annual Premium less Lapse)
QPB is an additional incentive given by the company to all its agents who reached
a certain NAP bracket for a certain quarter. (Subject to terms and conditions)
QPB is computed as (commission for the quarter x % based on the NAP bracket)
PERSISTENCY BONUS
1. Computed at the end of each calendar quarter based on the persistency as of the
end of the calendar quarter.
2. Persistency requirement and corresponding bonus rates:
FY Persistency
Percentage of 2nd
year commissions
FY Persistency
Percentage of 2nd
year commissions
Below 85%
Nil
93
26%
85
10%
94
28%
86
12%
95
30%
87
14%
96
32%
88
16%
97
34%
89
18%
98
36%
90
20%
99
38%
91
22%
100
40%
92
24%
3. PIA Plus, PRUMillionaire, top-ups, Accident & Health Products (e.g. Personal
Accident, PRUWellness, PRU Shield, Stand Alone Critical Illness), and Group Products
(e.g. Group Life, Group PA, PRUSecure) are excluded from the persistency bonus.
Note: All agent renumerations shall be paid in Philippine pesos.
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