Club Rules for Agents
w.e.f M.Y 2011-2012
Agents Club Rules
1
2
3
CRITERIA
CM
ZM
DM
BM
MINIMUM NET NO OF
LIVES
40
30
20
15
NET NO OF LIVES
130
100
80
50
OR
OR
OR
OR
OR
NO OF LIVES INFORCE
600
400
250
150
RENEWAL
COMMISSION
FIRST YR
COMMISSION
OR
FIRST YR
COMMISSION
2 lacs/3 LACS
1.4 Lacs/2.1 Lacs
AND
AND
2 Lacs / 1
Lac
OR
4 Lacs
1.4 L / 70000
OR
2.8 Lacs
90000/1.35
lacs
AND
60000 /
30000
OR
1.2 Lacs
The criteria is to be fulfilled in qualifying year and in any 2 out of 3 financial years preceding
the membership year with escalation clause of 3% from Membership Qualifying Year 2014-15
50000/
75000
AND
35000 /
17500
OR
70000
Benefits
BENEFITS
CM
ZM
DM
BASIC OFFICE
ALLOWANCE
35000
22000
12000
ADDL OFFICE ALLOWANCE
UP TO 30%
UP TO 30%
UP TO 30%
TELEPHONE FACILITY
REIMBURSEMENT OF
SALES
PROMOTIONAL GIFT
ITEMS.
BM
RS.6000 / PA
RS.4000 / PA
RS.2400 / PA
RS.1800 /
PA
RS.3000
RS.2000
RS.1000
RS.500
Benefits
GRADED BENEFITS FOR HIGHER PERFORMANCE TO CHAIRMAN CLUB MEMBERS
MAXIMUM AMOUNT PAYABLE
OFFICE
ALLOWANCE
REIMBURSE
MENT.
(INCLUDING
BASIC & ADDL)
TELEPHONE
EXPENCES
REIMBUR
SEMENT (INCL
UDING BASIC
RS.6000)
SALES PROM
OTION
&GIFT
ITEMS.(INCL
U
DING BASIC
RS.3000)
NO OF LIVES INFORCE-750 &
PAID RC RS.5 LAKHS
OR
TOTAL COMMISSION
(RC+FYC)-RS.7.50 LAKHS
RS.40,000
RS.6,000
RS.3,000
NO OF LIVES INFORCE-1000 &
PAID RC RS.6 LAKHS
OR
TOTAL COMMISSION
(RC+FYC)-RS.10 LAKHS
RS.50,0000
RS.8,000
RS,5,000
NO OF LIVES INFORCE-1250 &
PAID RC RS.7.50 LAKHS
OR
TOTAL COMMISSION
(RC+FYC)-RS.12.50 LAKHS
RS.60,000
RS.8,000
RS.5,000
** PERFORMANCE SLAB **
TO BE EARNED AS 31st
MARCH OF
QUALIFYING FINANCIAL YEAR
Benefits
GRADED BENEFITS FOR HIGHER PERFORMANCE TO CHAIRMAN CLUB MEMBERS
MAXIMUM AMOUNT PAYABLE
** PERFORMANCE SLAB **
TO BE EARNED AS 31st
MARCH OF
QUALIFYING FINANCIAL YEAR
OFFICE
ALLOWANCE
REIMBURSE
MENT.
(INCLUDING
BASIC & ADDL)
TELEPHONE
EXPENCES
REIMBUR
SEMENT (INCL
UDING BASIC
RS.6000)
SALES PROM
OTION
&GIFT
ITEMS.(INCL
U
DING BASIC
RS.3000)
NO OF LIVES INFORCE-1500 &
PAID RC RS.9 LAKHS
OR
TOTAL COMMISSION
(RC+FYC)-RS.15 LAKHS
RS.70,000
RS.10,000
RS.7,500
NO OF LIVES INFORCE-1750 &
PAID RC RS.10.50 LAKHS
OR
TOTAL COMMISSION
(RC+FYC)-RS.17.50 LAKHS
RS.80,0000
RS.10,000
RS,7,500
NO OF LIVES INFORCE-2000 &
PAID RC RS.12 LAKHS
OR
TOTAL COMMISSION
(RC+FYC)-RS.20 LAKHS
RS.1,00,000
RS.12,000
RS.10,000
Lapsation Clause
(For Existing Club Members)
(1) Lapsation > 15% for One Year: No Advance for
Fast Conveyance &
Housing Loan.
(2) Lapsation > 15% for 2 Years : No Convention and
No Office Allowance.
(3) Lapsation > 15% for 3 Years : No Club
Membership
Additional Benefits
ADDITIONAL OFFICE ALLOWANCE ON LESSER LAPSATION
PERCENTAGE OF LAPSATION
ADDL OFFICE ALLOWANCE
10 % OR LESS
5%
9 % OR LESS
8%
8 % OR LESS
10%
7 % OR LESS
12%
6 % OR LESS
15%
5 % OR LESS
18%
4 % OR LESS
20%
3 % OR LESS
22%
2 % OR LESS
25%
1 % OR LESS
28%
0
30%
ADDL OFFICE ALLOWANCE WILL BE CALCULATED ON THE
BASIS OF THE AVERAGE OF THE LAPSATION % OF THE
LAST 3 FY S PRECEDING THE QUALIFYING YEAR.
THE LAPSATION HAS TO BE LESS THAN OR EQUAL TO 10 %
IN EACH OF THE LAST 3 YEARS
Transitional Arrangement
TRANSITION
AL
FOR CM CLUB MEMBERS
ARRANGEME
NT
20102011
0112012
20122013
20102011
2011-2012
20122013
20112012
2012-2013
MINIMUM
NET NO OF
LIVES
15
30
50
10
25
40
18
30
NET NO OF
LIVES
130
130
130
100
100
100
80
80
NO OF LIVES
IN FORCE
565
580
600
380
390
400
242
250
FIRST YR
COMMISSIO
N(Lacs)
1.30
1.65
2.00
0.90
1.15
1.40
0.50
0.60
RENEWAL
COMMISSIO
N
1.30
1.65
2.00
0.95
1.15
1.40
0.65
0.90
FOR ZM CLUB MEMBERS
FOR DM CLUB MEMBERS
THANK YOU