Club Rules for Agents

w.e.f M.Y 2011-2012

Agents Club Rules
CRITERIA CM ZM DM BM
1
MINIMUM NET NO OF
LIVES 40 30 20 15
2 NET NO OF LIVES 130 100 80 50
OR OR OR OR OR
NO OF LIVES INFORCE 600 400 250 150
3
RENEWAL
COMMISSION 2 lacs/3 LACS 1.4 Lacs/2.1 Lacs
90000/1.35
lacs
50000/
75000
AND AND AND AND
FIRST YR
COMMISSION
2 Lacs / 1
Lac 1.4 L / 70000
60000 /
30000
35000 /
17500
OR OR OR OR OR
FIRST YR
COMMISSION 4 Lacs 2.8 Lacs 1.2 Lacs 70000
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
Benefits
BENEFITS CM ZM DM BM
BASIC OFFICE
ALLOWANCE 35000 22000 12000
ADDL OFFICE ALLOWANCE UP TO 30% UP TO 30% UP TO 30%
TELEPHONE FACILITY RS.6000 / PA RS.4000 / PA RS.2400 / PA
RS.1800 /
PA
REIMBURSEMENT OF
SALES
PROMOTIONAL GIFT
ITEMS. RS.3000 RS.2000 RS.1000 RS.500
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-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

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 FOR ZM CLUB MEMBERS FOR DM CLUB MEMBERS
ARRANGEME
NT
2010-
2011
011-
2012
2012-
2013
2010-
2011 2011-2012
2012-
2013
2011-
2012 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
THANK YOU