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info@elegantfinance.in
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+91 9213799949
Mail us anytime
info@elegantfinance.in
Call us anytime
+91 9213799949
One of the best initiatives taken by the Life Insurance Corporation of India towards their agents is Club Membership. Based on the performance done by the agents LIC recognizes their agents by way of clubmembership. A special status is given to a Club Agent.
Following are the levels of club membership.
♦ Branch Manager’s Club Member.
♦ Divisional Manager’s Club Member.
♦ Zonal Manager’s Club Member.
♦ Chairman’s Club Member.
| SL | CRITERIA | CM | ZM | DM | BM |
| 1 | MINIMUM NET NO OF LIVES | 40 | 30 | 20 | 15 |
| 2 | NET NO OF LIVES OR NO OF LIVES IN INFORCE |
130 | 100 | 80 | 50 |
| OR | OR | OR | OR | ||
| 600 | 400 | 250 | 150 | ||
| 3 | RENEWAL COMMISSION AND FIRST YEAR COMMISSION |
210000 AND 210000 |
147000 AND 147000 |
94500 AND 63000 |
52500 AND 36750 |
| OR | OR | OR | OR | OR | |
| FIRST YEAR COMMISSION | 420000 | 294000 | 157500 | 89250 |
Apart from the Commission payable, Club Agents are given additional benefits.
♦ Office Allowance to maintain your own office.
♦ Telephone/Mobile bill reimbursement.
♦ Reimbursement of Sales Promotional Gift items.
♦ Interest free advance for purchase of Car/Motorbike.
♦ Interest free advance for purchase of office equipments.
♦ Interest free advance for Training.
♦ Interest free Festival Advance.
♦ Housing loan at concessional rate of interest.
♦ Term Insurance and Mediclaim benefits.
♦ Guest house facility throughout India at concessional rates as applicable to employees.
♦ Annual Convention and many more.
The total monetary equivalent of all above benefits ranges from ₹5,500 to ₹5,50,000, depending up on level of Club Membership.
