|
No
|
PARTICULARS
|
C.M.
|
Z.M.
|
D.M.
|
B.M.
|
|
1
|
Basic office allowance (50% of actual expenses or 7.5% of RC(+) FYC whichever is less subject to a maximum of:-
|
35000
|
22000
|
12000
|
-
|
|
2
|
Reimbursement of sales promotion gift items including calendars & diaries(maximum)
|
3000
|
2000
|
1000
|
500
|
|
3
|
Festival Advance Maximum
|
15000
|
15000
|
150000
|
12000
|
|
4
|
Letter heads with Envelopes (in nos.)
|
1000
|
750
|
500
|
300
|
|
5
|
Visiting Cards in No.
|
250
|
200
|
150
|
100
|
|
6
|
MHR with Authority(sum assured)
|
50 lakh
|
30 lakh
|
20 lakh
|
10 lakh
|
|
7
|
Travelling expenses(Rail way Fare)
|
Econ.Air Fare/
2nd tier AC/
3rd tier AC
|
1st Class/
2nd tier AC/
3rd tier AC
|
1 st class
|
1 st class
|
|
8
|
Daily allowance on tour A/B/C city #
|
800/700/600
|
700/600/500
|
500/375/300
|
375/275/225
|
|
9
|
Out of pocket expenses for annual convention(out station)
|
3000
|
1100
|
400
|
200
|
|
10
|
Housing Loan at interest of 5% till membership continues extended loan at 9.5%
|
8.50lak/9.50lak
|
7.45lak/8.55lak
|
6.45lak/7.55lak
|
NO
|
|
11
|
Interest free vehicle advance (subject to rules) = C=Car/B=Bike/S=scooter
|
C/B/S
|
C/B/S
|
B/S
|
B/S
|
|
12
|
Computer advance
|
YES
|
NO
|
NO
|
NO
|
|
13
|
Additional office allowance for maintaining Personal Computer @ 5% of total commission in excess of Rs.185000/-(Rs.10,000/-Max per annum)
|
YES
|
NO
|
NO
|
NO
|
|
14
|
Group Insurance
|
240000
|
120000
|
60000
|
30000
|
|
15
|
Telephone Land Line/Mobile-Rental/Call charges-Max
|
6000
|
4000
|
2400
|
1800
|
|
16
|
Interest Free Advance for purchase of office Equipment (budget=Furniture/palmtop/printer/scanner/ etc.)
|
YES
|
YES
|
YES
|
YES
|
|
17
|
Table Diary, Pictorial calendars
|
1,1
|
1,1
|
1,1
|
1,1
|
|
18
|
Yogakshema complimentary copy
|
YES
|
YES
|
-------
|
------
|
|
19
|
Samvardhan Pension Scheme - A defined contributory pension plan for all LIC agents where agent can contribute monthly amount according to his capacity. LIC will make contribution considering agents annual business performance. Pension starts at age 60
|
|
20
|
Medical treatment of self/family.
|
YES
|
YES
|
YES
|
YES
|
|
21
|
Repairs to car/Purchase of tyre/Batteries
|
YES
|
YES
|
YES
|
YES
|
|
22
|
Repair to scooter/bike purchase of Tyre Batteries.
|
YES
|
YES
|
YES
|
YES
|
|
23
|
Purchase of house/site/Repairs to house/purchase of flat/renovation of office
|
YES
|
YES
|
YES
|
YES
|
|
24
|
Flood/cyclone & drought advance
|
YES
|
YES
|
YES
|
YES
|
|
25
|
Contributory Mediclaim Up to 80 years age.
|
125000
|
75000
|
55000
|
40000
|
|
26
|
Additional office allowance on account of lesser lapsation (in addition to basic office allowance) will be paid if % age lapsation is 10% or less in each of the last 3 financial years preceding the qualifying year. The additional office allowance payable from 5% to 30% of basic allowance. Depending upon the % of average lapsastion of last 3years preceding the Qualifying year.
|
N.A
|
|
27
|
Marriage of self, daughter, son or wholly dependent sister.
|
All club YES
|
|
28
|
Nomination=Any Commission payable to the agent on his death shall be payable to his nominees.
|
All club YES
|
|
29
|
Gratuity=An agent is eligible for gratuity & also to his nominee if agent dies while agency is in force or his becoming physically/mentally handicap(Rs.200000/-agent must have completed 60 years of age & had a continuous service of 15 years in LIC
|
All club YES
|
|
30
|
LIC Guest house facility for each club member at the same rate & conditions as to LIC employee.
|
All club YES
|
|
31
|
Office allowance payed to potential CM club member who satisfy the condition in one/two consecutive years would be paid office as :-
(a) Rs.12000 or Office Allowance is payable whichever is higher (b) Rs.20,000 or office Allowance is payable whichever is higher
|
All club YES
|
|
32
|
Bonus Comission-40% of 1st years commission
|
All club YES
|
|
DISTINGUISHED AGENTS CLUB:-Qualifying condition:-(a) Minimum 1 agency year & should be a confirmed agent (b) Net No. of lives=40 (c)1st year commission=Rs.5000
|
|
(a) Sales promotional gift items –up to Rs 400/- (b) Supply of letterheads, envelops & visiting card – 100 No. (c) Reimbursement of stationary expenses – Up to Rs 500
|
|
FOR BM CLUB===TOTAL APPROXIMATE ANNUAL MONETARY BENEFITS CLAIMED WOULD BE AT LEAST= Rs 18645/-
|
|
FOR DM CLUB===TOTAL APPROXIMATE ANNUAL MONETARY BENEFITS CLAIMED WOULD BE AT LEAST= Rs 87025/-
|
|
FOR ZM CLUB===TOTAL APPROXIMATE ANNUAL MONETARY BENEFITS CLAIMED WOULD BE AT LEAST= Rs 166710/-
|
|
FOR CM CLUB===TOTAL APPROXIMATE ANNUAL MONETARY BENEFITS CLAIMED WOULD BE AT LEAST= Rs 236660/-
|
|
FOR GALAXY CLUB===TOTAL APPROXIMATE ANNUAL MONETARY BENEFITS CLAIMED WOULD BE AT LEAST= Rs 369160/-
|
|
FOR CORPORATE CLUB===TOTAL APPROXIMATE ANNUAL MONETARY BENEFITS CLAIMED WOULD BE AT LEAST= Rs 590970/-
|
|
GRADED BENEFITS FOR HIGHER PERFORMANCE TO CHAIRMANS CLUB MEMBERS
|
|
Mandatory Criteria
|
Optional Condition
|
Office Allowance
|
Telephone
|
Sales Promotion & Gift items
|
|
No. of lives in force
|
RC paid OR RC+FYC Paid
|
|
750
|
5.0 lac OR 7.5 lac
|
40,000
|
7000
|
4000
|
|
1000
|
6.0 lac OR 10.0 lac
|
45,000
|
8000
|
5000
|
|
1250
|
7.5 lac OR 12.5 lac
|
50,000
|
9000
|
6250
|
|
1500
|
9.0 lac OR 15.0 lac
|
60,000
|
10,000
|
7500
|
|
1750
|
10.5 lac OR 17.5 lac
|
70,000
|
11,000
|
8750
|
|
2000
|
12.0 lac OR 20.0 lac
|
85,000
|
12,000
|
10000
|
|
MDRT
|
COT
|
TOT
|
|
YEARLY BENEFIT FOR EACH CLUB
|
|
BM CLUB
|
OFFICE ALLOWANCE
RS.1000
|
TELEPHONE/MOBILE
RS.1800
|
SALES PROPORTIONAL GIFT
RS.500
|
INTEREST SAVED ON 2 WHEELER LOAN RS.4500
|
TOTAL
RS.7800
|
|
DM CLUB
|
OFFICE ALLOWANCE
RS.12000
|
TELEPHONE/MOBILE
RS.2400
|
INTEREST SAVED ON SUBSCRIBED HOUSING LOANOF 6.4 LACKS RS.32250
|
INTEREST SAVED ON 2 WHEELER LOAN RS.4500
|
TOTAL
RS.69,250
|
|
SALES PROMOTION GIFT RS.1000
|
ADDITIONAL OFFICE ALLOWANCE
ON LOWER LAPSATION ;- RS.3600
|
INTEREST SAVED ON OFFICE EQUIPMENT ADVANCE ;-RS.13500
|
|
|
ZM CLUB
|
OFFICE ALLOWANCE
RS.22000
|
TELEPHONE/MOBILE
RS.4000
|
INTEREST SAVED ON SUBSCRIBED HOUSING LOANOF 6.4 LACKS RS.37250
|
INTEREST SAVED ON CAR LOAN OF RS.500000 IS RS.50000
|
TOTAL
RS.144350
|
|
SALES PROMOTION GIFT RS.2000
|
ADDITIONAL OFFICE ALLOWANCE
ON LOWER LAPSATION ;- RS.6600
|
INTEREST SAVED ON OFFICE EQUIPMENT ADVANCE ;-RS.22500
|
|
|
CM CLUB
|
OFFICE ALLOWANCE
RS.35000
|
TELEPHONE/MOBILE
RS.6000
|
INTEREST SAVED ON SUBSCRIBED HOUSING LOAN OF RS.42500
|
INTEREST SAVED ON CAR LOAN OF RS.60000
|
TOTAL
RS.188500
|
|
SALES PROMOTION GIFT RS.3000
|
ADDITIONAL OFFICE ALLOWANCE ON LOWER LAPSATION ;- RS.10500
|
INTEREST SAVED ON OFFICE EQUIPMENT ADVANCE ;-RS.31500
|
|
|
CLUB
GALAXY
|
OFFICE ALLOWANCE
RS35000.
|
TELEPHONE EXCHANCE
RS.12000.
|
AIRFARE REIMBURSEMENT
RS.60000
|
REGISTRATION FEE FOR MDRT
RS.25000
|
TOTAL
RS.247000
|
|
POCKET EXPENSES FOR MDRT RS.10000.
|
INTEREST SAVED ON CAR LOAN
RS.100000
|
CLUB BLAZER
RS.5000
|
|
|
CORPORATE
GALAXY
|
OFFICE ALLOWANCE
RS.125000
|
TELEPHONE EXPENSES
RS.15000
|
INTEREST SAVED ON CAR LOAN RS.200000
|
TOTAL
RS.392500
|
|
INTEREST SAVED ON COMPUTER ADVANCE
RS.10000
|
INTEREST SAVED ON HOUSING LOANRS.RS.42500
|