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 referral fee on June 8, 2021).
Payout will be released every 8th of the month. If the 8th falls on a holiday or a weekend, the payout will be released the following business/working day. For any additional questions, you may contact our Customer Support Team between 9am – 6pm, Mondays to Sundays.
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How do I get paid?
Your referral fee will be credited to your nominated bank account via Instapay or Pesonet.
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.
How much can I earn from outbound sales?
All outbound sales receive a flat 6% referral rate across all categories EXCEPT Life Insurance. For Life Insurance sales (Traditional and VUL), you will get 8% referral rate.
What are outbound sales?
Outbound Sales are transactions that did not undergo the usual checkout process on the platform. These usually happen with products not available on the website and need manual quotation.
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 ...