What are the pay-out requirements?
The affiliate will be asked to register their valid ID information and bank account details in order to receive the monthly referral fees. Kwik.insure’s privacy policy applies.
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When do I get paid/What is the pay-out process?
Cutoff is every last day of the month. The payout will be made a month after the cutoff based on a 30-day insurance free look period plus 8-10 days of processing time (i.e. Customer purchased the product on April 1, 2021. Affiliate will receive the ...
Is my referral fee subject to taxes?
Yes, the referral fee will be subject to 10% withholding taxes based on the gross amount. Sample: Gross Referral Fee Php 500 10% Withholding Taxes 50 Net Pay-out 450 Note: For an affiliate to be ...
Is there a requirement before receiving a payout?
There would be a minimum earning threshold of Php 500 pesos in order to qualify for a payout. Referral fees are as follows: 10% for Vehicle Comprehensive Insurance, 6% for Life, Accident, Health Insurance, and Teleconsultation Services, and 3% ...
I entered the wrong bank account number, what can I do?
Should you wish to update your bank details, you may do so by contacting our Customer Support Team. However, please note that we can no longer recover the amount that was credited to the wrong bank account, so we suggest updating your bank details ...
What should I do in case I didn’t receive my payout?
We’re sorry for the inconvenience. In order for us to assist you with this concern, kindly contact our Customer Support Team between 9am – 6pm, Mondays to Sundays.