Diferment of escalation clause for LIC of India's Club Member agents

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
2	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

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BIBHAS BISWAS says:

06/07/2015 at 11:36 pm

thanks a lot sir
NAGABHYRU SIVANNARAYANA says:

16/01/2016 at 10:04 am

VERY NICE AND USEFUL
nagaraj v madnur says:

31/03/2016 at 12:42 am

2015_2016 club rules please renual fc commition.
Tarsem Lal Jagatpuri says:

04/05/2016 at 2:21 pm

already described
firoz ali says:

15/06/2016 at 4:38 pm

Sir, I am a school teacher.Gov't of WB. Can I apply for insurance agency?