Conditions For Club Membership For FY 2015-16 For LIC Agents

With the change in the financial year the conditions for Club Membership for LIC agents also changed due to the escalation clause, that is 5% increase in First Year commission paid and Renewal commission paid every year. Qualifying conditions for various clubs in financial year 2015-16 and Membership year 2016-17 are as follows:

Qualifying conditions for Club Membership for Financial year 2015-16 (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.)	221000	154000	66000	39000
4	First year commission Paid (Rs.)	221000	154000	100000	56000

There is a difference between the entry criteria for agents who are already club members ie for continuation due to relaxation given to them from escalation clause for year 2013-14. Agents who are trying to become club members in coming year will have to earn 5% extra commission compared to agents who are already club members.

Qualifying conditions for Club Membership for Financial year 2015-16 (New Entry) 

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.)	232000	162000	69000	41000
4	First year commission Paid (Rs.)	232000	162000	105000	59000

vinay TOPICS:BM ClubBranch Manager Club MembersChairman Club MemberClub Member AgentsCM Club Of LICConditions For Club Membershipi divisional Manager Club MemberDM ClubLIC Of IndiaQualifying Conditions For LIC Club Member AgentsRules For Club MembershipZM ClubZonal Manager Club Member