What are the benefits of LIC club membership?
What are the benefits of LIC club membership?
Fringe Benefits under Lic Club Membership Benefits
| S.No | Particulars | D.M |
|---|---|---|
| 12 | Additional office Allowance (For less lapsation) | Upto Rs. 3,600 |
| 13 | Int. Free advance for purchase of office equipment | Yes |
| 14 | Festival Advance | 13,000 |
| 15 | Sales promotional gift items | 1,000 |
How much commission does an LIC agent earn?
Though, Agents earn the commission for the policies they sale. LIC offers 25% to 35% commission on the policy premium for the first year, then 7.5% for 2nd & 3rd Year + 5% till the policy maturity.
What is distinguished club in LIC?
Corporate Club is the highest and most prestigious club for LIC agents. On the other hand Distinguished Club is the lowest club for LIC agents. Although, majority of LIC club member agents are in Chairman’s club to Branch Manager’s Club.
What is the basic office allowance of CM club?
*Office Allowance for CM club members can go up to Rs-1,00,000/- p.a. ** Office Allowance for Corporate club members can go up to Rs-1,75,000/- p.a. $ Only to those agents who have Premium Point.
What are the different levels of club membership in LIC?
What are the Club Memberships in LIC?
- Chairman’s Club.
- Zonal Manager’s Club.
- Divisional Manager’s Club.
- Branch Manager’s Club.
- Distinguished Agents Club.
What is minimum sum assured for Jeevan Shiromani?
Rs.1 Crore
The LIC Jeevan Shiromani Plan combines several elements of protection, savings, handsome returns, and medical cover, targeted at high net-worth Indians (HNI) with a minimum Basic Sum Assured of Rs. 1 Crore.
Do LIC agents get pension?
Group pension Group pension is also available under Lic Agent Benefits.
What is LIC club membership?
Club Membership is. Recognition for meritorious agents. Performance reward. Financial & Non-Financial motivator. Inducement for higher performance.
How can I be a LIC agent?
To be a LIC agent, your educational qualification should be at least 10th pass and the age should be minimum 18 years. Earlier, it was necessary to have 12th pass certificate to become an agent. – Contact your nearest LIC branch office and meet the development officer there.
What is the MHR limit for the CM club member?
MHR Limits: CM Club Member – 100 Lakhs. ZM Club Member – 60 Lakhs. DM Club Member – 40 Lakhs. BM Club Member – 20 Lakhs.
What is MHR limit in LIC?
For tables under 815, 820, 821 the limits of MHR is 1.25 times of the basic S.A. 3. Any class I or II Officer becoming Agent on Retirement may be permitted to give MHR upto Rs. 15 Lakhs at the discretion of SDM.