2. BENEFITS TO AGENTS
BENEFITS RANGES FROM BECOMING A
ZONAL MANAGER / TO BECOME THE
RICHEST PERSON IN THE COUNTRY.
3. AGENTS BENEFITS
• CAREER ORIENTED
• AGENTS WHO ARE CAREER ORIENTED CAN
PLAN WISELY AND WORK HARD TO REACH
THE HIGEST CLUB MEMBER AND LIMIT THE
LAPSATION TO MINIMUM . THEN HE CAN
PLAN TO CLIMB THE LADDER OF SUCCESS BY
ACHIEVING HIGHER PROMOTION AS DEV
OFFICER, ASST .BRANCH MANAGER AND
REACH THE PEAK POSITION IN LIC.
4. AGENTS BENEFITS
• BECOME A CLUB MEMBER
• HIGHEST CLUB MEMBER -CORPORATE CLUB
• OFFICE ALLOWANCE-50% OF THE ACTUAL EXPENSE
OR 1,75000 /WHICH EVER IS LESS { MORE THAN 5
YRS IN THIS CLUB}
• 50% OF ACTUAL EXPENSE OR 1,50,000/ WHICHEVER
IS LESS {3 YRS OR MORE }
• 50% OF ACTUAL EXPENSE OR 1,25000/ WHICHEVER
IS LESS { NOT FALLING IN ABOVE CATORY}
5. AGENTS BENEFITS
• CORPORATE CLUB –TELEPHONE EXPENSES-15000/
• LETTERHEAD WITH ENVELOP S-1500 PER YR.
• VISITING CARDS- 1000/
• OUT OF POCKET EXPENSES ATTENDING TRAINING AT
JIVAN VIDYA TRUST-JAIPUR
• CM CLUB MEMBER- 3000/
• DM/BM CLUB MEMBER-2000/
• LOCAL AGENTS -170/
6. AGENTS BENEFITS
MEMENTO TO CLUB MEMBER AGENTS NOT COVERED
UNDER GROUP INSURANCE
CORPORATE CLUB -1700/
CM S CLUB - 900/
ZM S CLUB-450/
DM S CLUB -240/
BM S CLUB -120/
7. BENEFITS TOAGENTS
DAILY ALLOWANCE TO CLUB MEMBER AGENTS
WHILE ON TOUR IN INDIA
CORPORATE CLUB-/CM S – 800/700/600 { A
CLASS/ B CLASS/ C CLASS CITY }
ZM S CLUB – 700/600/500
DM S CLUB ----500/375/300
BM CLUB--- 375/275/225
OTHER AGENTS----325/225/175.
8. AGENTS BENEFITS
• HOUSING LOAN TO CLUB MEMBER AGENTS
• CORPORATE CLUB---8.5 LACS [5%] +9.5
LACS[9.5%] = 18 LACS
• CM CLUB -- 8.5 LACS +9.5 LACS = 18 LACS
• ZM CLUB ---7.45 LACS+8.55 LACS=16 LACS
• DM CLUB ----6.45 LACS =7.55 LACS =14 LACS
9. AGENTS BENEFITS
• MAXIMUM GRADED BENEFIT TO CM S CLUB
MEMBER
• NO OF LIVES IN FORCE—2000
• RC PAID OR [RC+ FC] PAID IN QUALIFYING YEAR-
• --------12 LACS OR[ 20 LACS]
• GRADED BENEFITS
• OFFICE ALLOWANCE-80000/
• TELEHONE REIMBURSEMENT—12000/
• SALES GIFT ITEMS---- 10000/
10. AGENTS BENEFITS
• COMPUTER ALLOWANCE
• FOR CM S CLUB 5% OF TOTAL COMMISSION
IN EXCESS OF 1,85 000/ WILL BE PAID UPTO A
MAXIMUM OF 6000/ PER ANNUM .
SALES PROMOTIONAL GIFT ITEMS
• CM CLUB---3000/
• ZM -------- 2000/
• DM------ 1000/BM -----500/
11. AGENTS BENEFITS
LETTERHEAD
CM S CLUB---1000 NOS
ZM S CLUB---750 NOS
DM S CLUB ----500 NOS
BM S CLUB ----300 NOS.
VISITING CARDS CM S ---250 NOS/ ZM S ----200
DM S----150
BM S----100
12. AGENTS BENEFITS
OTHER BENEFITS TO AGENTS
ANY COMMISSION PAYABLE TO THE AGENT ON HIS
/HER DEATH SHALL BE PAYABLE TO HIS NOMINEE.
HENCE IT IS IMPORTANT TO NOMINATE A PERSON IN
CASE OF CONTIGENCY.
GRATUITY
AN AGENT MUST HAVE WORKED CONTINUOUSLY ANDAN AGENT MUST HAVE WORKED CONTINUOUSLY AND
COMPLETED 15 YRS OF QUALIFYING YEARS ANDCOMPLETED 15 YRS OF QUALIFYING YEARS AND
NOT BELOW 60 YRS GRATUITY WILL BE PAID.NOT BELOW 60 YRS GRATUITY WILL BE PAID.
13. AGENTS BENEFITS
TERM ASSURANCE
AN AGENT IS ELIGIBLE FOR RECEIVING A TERM
ASSURANCE OF RS 3000 TO RS 10000
DEPENDIND UPON HIS RENEWAL
COMMISSION SUBJECT TO VARIOUS
CONDITIONS STIPULATED IN AGENTS
REGULATIONS ACT.
14. AGENTS BENEFITS
LIC GUEST HOUSE
ALL CLUB MEMBERS ARE PERMITTED TO STAY IN
LIC GUEST HOUSES ACCORDING TO THE LEVEL
OF THE CLUB THEY ARE.
LIFE MEMBERSHIP OF CLUB
ALL CM S AND ZM S WILL BE GRANTED LIFE
MEMBERSHIP ON FOLLOWING CONDITIONS.
COMPLETED 60 YRS AND CONTINUOUS 15 YRS
MEMBERSHIP OR 25 YRS MEMBERSHIP.
