In my earlier post “Conditions for Club membership for FY 2015-16 for LIC agents” I mentioned about the escalation clause and commission required to qualify for the particular club for the financial year 2015-16 for new as well as continuing club members. The escalation clause is a yearly increase in commission by 5% compared to last year, and it was effective from 2013-14 for new entrants and 2014-15 for continuing club members. But as per the new circular of LIC Mkt/A/21(R) dated 01/07/2015 dated 06/06/2016 escalation clause has been reviewed.
As per the new circular by LIC marketing department dated 06/06/2016, implementation of escalation clause has differed till the membership year 2016-2017 2017-2018 for a new entry to the club and 2017-2018 2018-2019 for continuing club member. Club member conditions will be same as it was in the year 2013-14 till the mentioned financial years.
Qualifying conditions for Club Membership for Financial year 2015-16 ( for Continuation)
| S. No. | Name of Club | CM’s Club | ZM’s Club | DM’s Club | BM’s Club |
| 1 | Minimum Net No. of Lives | 40 | 30 | 20 | 15 |
| 2 | a. Net No. of Lives OR | 130 | 100 | 80 | 50 |
| b. Total Lives In-Force | 600 | 400 | 250 | 150 | |
| 3 | Renewal Commission Paid (Rs.) | 200000 | 140000 | 60000 | 35000 |
| 4 | First-year commission Paid (Rs.) | 200000 | 140000 | 90000 | 50000 |
Copy of the old circular is displayed below
thanks a lot sir
VERY NICE AND USEFUL
2015_2016 club rules please renual fc commition.
already described
Sir, I am a school teacher.Gov’t of WB. Can I apply for insurance agency?
SIR,
Please inform me 2016-17 F/Y ZM CONTINEVE CONDITION
Additional office allowance (for less lapsation) and Granted benifits for the higher performance to Chairman Club members Club membership for FY 2015-16 and FY 2016-17 for LIC agents
sir after withdrwl of agency licence renewl any xhange in mbg condition.12 lives/1Lac k.pl publise circular copy.any power to concern development officer to advice to not terminae the agency.
PLEASE INFORM ME
HOW MUCH GROUP MEDICLAIM FOR ZM CLUB &IS IT EXTENDED SPOUSE ALSO
I SUPPOSE NOT MAKE 30 LIVES 2016-17 I LOST ZM CLUB MEMBER, IAM SINCE 9 YEARS ZM CLUB MEMBER
THANK YOU SIR
PLEASE INFORM ME
HOW MUCH GROUP MEDICLAIM FOR ZM CLUB &IS IT EXTENDED SPOUSE ALSO
I SUPPOSE NOT MAKE 30 LIVES 2016-17 I LOST ZM CLUB MEMBER, IAM SINCE 9 YEARS ZM CLUB MEMBER
THANK YOU SIR