The calculation of commission is mainly based on insurance types and payment years. The length of the payment period will affect the collection period of the first commission and the renewal commission. At present, most long-term payment products can receive 5- 10 years, but the proportion is also decreasing year by year, and the maximum is no more than 4% of the total premium, that is, the annual payment amount × the payment period.

The bid guarantee converts the value of the company according to the insurance policy. The longer the payment period, the greater the value to the company. Generally, those who pay more than 10 years are the bid bond (individual companies stipulate that 20 years is the bid bond, but at present the CIRC stipulates that 10 years is the bid bond), and those who pay less than 10 years are converted according to the payment period.

I hope I can help you!