Commission rules

We appreciate the time it takes to make your recommendations. That’s why we offer attractive up-front and renewal commission for both buildings and contents insurance and mortgage payment protection insurance. This includes: 

• An up-front payment based on a percentage of the annualised premium (excluding Insurance Premium Tax)
• A monthly payment following the successful renewal of the policy on its anniversary, again based on a percentage of the annualised renewal premium (excluding Insurance Premium Tax)

For more information on our commission terms, please don't hesitate to call your local regional office.

Standard commission on our full range of products

 *Only Bedroom Plus policies written on Santander Additions online system get the increased renewal commission.  Policies written on the Santander Additions desktop system will receive 15% renewal commission.

Santander Additions monthly commission payments and statements are issued and fully administered on behalf of Santander by Plus One Insurance Solutions Ltd.

Commission statements and payment arrangements for Peace of Mind and Paymentcare sold through Introducer Internet are issued and administered by Santander.

Clawback for all Santander Additions products

First year indemnity commission will be clawed back on a pro rata basis. eg If a policy is cancelled in month 4 then 8 months commission will be clawed back.

If the policy lapses or cancels after renewal, commission will be paid up to the point the policy lapsed or cancelled. Any payments made after the policy cancels will be recovered. 

Clawback for Peace of Mind and Paymentcare

Full clawback of commission paid if the policy cancels or lapses within 120 days of the policy going on risk
If the policy lapses or cancels after renewal, commission will be paid up to the point the policy lapsed or cancelled. Any payments made after the policy cancels will be recovered.