What does insurance rebate mean?

In layman's terms, insurance rebates are a sales model created by insurance companies in order to obtain more benefits and gain more customer resources. This means that after the insurance company purchases various insurances from the company, the insurance company will give the consumer a certain amount of money as a rebate according to a certain proportion. Or the salesmen of major insurance companies return cash to customers according to a certain proportion for each business they obtain for their respective businesses.

There are two ways of insurance rebates

1. Formal rebate: Since the insurance company has not carried out insurance preferential activities or business for a long time, in order to win customers, customers are directly exempted from purchasing various insurances. Part of the insurance amount is used as a preferential means, that is, the rebate amount is directly reflected in the insurance premium;

2. Cash rebate: One way for insurance company sales staff to rebate privately is that some sales staff give the insurance company to the sales staff The commissions are returned to their customers to achieve the salesperson's own performance. However, according to the law, this method is not allowed. Strictly speaking, it is a crime.