- Definition: This figure, set by us as the broker, is used to control the internal price of the policy. We often offer discounted prices online to remain competitive in a price driven market.
- Note: The Broker Discount should never be ‘loaded’. Agents should attempt to get this fee as close to zero as possible. To match an online price, use this field, but the discount applied should never exceed the online discount. A load is not applied here to avoid incurring IPT.
- If the provisional premium increases against the online provisional premium given - the broker discount needs to be removed an and agent can choose whether to "load" the policy under the "Broker Load" field below it.
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Broker Discount
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