Benefits
Subsidized Housing Loan
(Current Rate of Interest 5.25%)
Car & Bike Advance
(interest Free) Upto Rs. 30 Lacs.
Laptop/Computer & Mobile
(interest Free) Upto Rs. 1 Lac.
Office Equipment Advance
(interest Free) Upto Rs. 1.75 Lac.
Foreign Trips
For Club Members.
Awards & Recognition
For Various Comptetions
You Will Get Following Benefits
Benefits
- First Year Commission: 15% to 25% of First Year Premium + Bonus 10% (40%of first year commission)
- Renewal Commission: 7.5% or 10% of renewal premium received in 2nd year & 3rd year. Thereafter, 5% of premium will be paid as renewal commission till policy resulted into claim.
- Hereditary Commission: There is also provision for Hereditary Commission.
Retirement Benefits:
- Gratuity: Tax free Gratuity upto Rs.2 Lacs.
- Pension: Pension through Swavalamban & Samvardhan Schemes. New Atal pension yojana has been introduce for all agent
Mediclaims & Term Insurance:
- Mediclaims : Free Group Mediclaim upto Rs.1.25 Lacs.
- Group Term Insurance : Free Group Term Insurance upto Rs.5 Lacs.
Allowances, Advances & Loans:
- Office Allowances : Telephone allowance, Sales Promotion Gifts & Various other benefits upto Rs.2Lacs.
- For Laptop/Computer/Tab: Upto Rs.1Lac to CM & Corporate Club members and MDRT/COT/TOT qualifiers [for MDRT Agents – Maximum of Rs.80,000/-].
- For Office Equipment: Upto Rs.1.75Lacs or Equal to Actual Market Price of last year’s renewal commission whichever is less.
- For Two Wheeler & Four Wheeler: Interest free upto Rs.30Lacs.
- Subsidies Housing Loan: Housing loan @ 5.25%*.
- Foreign Tours: Reimbursement for Travel by Air [for certain club member.
Rewarding & Recognition:
- We have several reward programs to inspire better performance and create positive spirit amongst our field force. So you can look forward to seminars, conventions, different club membership such as BM, DM, ZM, CM and Corporate Club. Further, you will get international recognition by qualifying for a membership of MDRT [Million Dollar Round Table], USA
Club Membership
Monetary Equivalent of Fringe Benefits
CLUB GALAXY FOR AGENTS " has being introduce in LIC .various benefits are given as other club members:
- Office allowance: 50%of actual expenses or Rs. 1lac ,whichever is less,will be reimbursed
- Telephone :max 12000/- p.a. toward rental and call charges on landline/mobile.
- Letterheads, envelops, visiting cards: 500 nos P.A.
- ADVANCES 22000/-
- Club convention: Facility to go for conventions airfares+ registration fee
- Club blazer: 5000/- Rs. for blazers
- Certificate of Membership
- Convention.
Others: Daily allowance,group insurance,mediclaim and complimentary dairies will be as per chairman club membership agents
- MHR Authority
- Witness Claim Forms [DM Club & Above]
- LIC Guest House facility
- Complimentary Diary & Calender
- Complimentary Copy of “Yogakshema” [Only CM & ZM club]
