Commission infrastructure for insurance: agents, advisors, banca and brokers, with contests that actually run themselves.
Multi-tier hierarchies, product-launch-driven plan changes, renewals and trailing commissions, clawbacks on lapse. Insurance plans change faster than any segment we serve, and that pace is exactly what the engine is built for.
The structures an insurance commission plan actually carries.
Multi-tier agency hierarchies
Agents under unit managers under branch heads, alongside banca partners and brokers, each tier with its own share of the same premium.
Product-launch-driven plan changes
Every new product ships with a new commission construct, mid-quarter, and the old ones keep running beside it.
Renewals and trailing commissions
Payouts that stretch across policy years, tied to persistency, computed long after the sale closed.
Clawbacks on lapse and cancellation
A lapsed policy reverses commissions up the hierarchy, by rule, against the plan version that paid them.
In insurance, contests aren't a feature. They're the operating rhythm.
Most tools "support" contests the way a spreadsheet does: an ops team computes results by hand and emails a PDF.
PayPrompt runs contests off the same engine that runs commissions: live standings, automatic settlement, no month-end reconstruction.
Reversals by rule, records by default.
Lapse-linked reversals recalculate automatically, up every tier they touched. Every calculation keeps its audit trail. Records are structured for internal and regulatory review, IRDAI examination included.
Bring your most dynamic scheme.
Insurance plans change faster than any segment we serve. We'll show yours running on your data, typically inside 10 days.