LIC CLUB MEMBERSHIP
LIC CLUB MEMBERSHIP participates in the business obtained by the specialists in the last 3 back-to-back years.
LIC Club Membership is the recognition bestowed upon the agents to increase their status in society and in the Corporation.
As such, the higher the business, the higher will be the club participation. LIC has formed a hierarchy of clubs with different performance-based qualifying parameters. LIC offers membership of the same to its agents depending upon the level of their achievements. These benefits can be categorized as Fringe Benefits, Housing Loans, etc. Each club membership means a lot of newer benefits hence much coveted and strived for by the LIC agents.
BENEFITS OF LIC CLUB MEMBERSHIP
LIC has particular to Agents in the type of various kinds Club Members as indicated by their business done in the long term just as persistency with customers. LIC Agents are benefited from their club enrollment. LIC Agent Club Member Benefits rely upon execution in a monetary year. Each Club participation has various rules to qualify. It’s a high inspiration and an acknowledgment in the public area to bring in Cash and be regard as LIC Agency. It very well might be one of the extraordinary motivations to become a LIC Agent.
Benefits of LIC Club membership brief below
- Car or motorcycle Loan (Interst free)
- Housing Loan (@5.5% up to 18.5 lac)
- Office allowance up to Rs. 350000
- Computer Loan Advance (Interest free)
- Furniture Loan Advance (Interest free)
LIC has opened six different clubs to offer memberships to its agents depending upon their performance. Given below is the type of club memberships available for LIC agents and the benefits to which members are entitled to.
LIC Club Membership names are
- Distinguished Club Membership.
- Branch Manager Club Membership (B.M).
- Divisional Manager Club Membership (D.M).
- Zonal Manager Club Membership (Z.M).
- Chairman Club Membership (C.M).
- Corporate Club Membership.
Each of the above clubs offers a fix allowance under following Fringe Benefits. The amount grows with the level of club:
- Office Allowance
- Int. Free Vehicle Adv.
- Telephone / Charges
- Mode of Travelling (Convention)
- Mode of Travelling (Training)
- Out of Pocket Expenses (Convention)
- Group Term Assurance (Up to 65 years)
- Momento in Lieu of Group Insurance (above 65 years age)
- Computer Advance
- Computer Maintenance Allowance
- Additional office Allowance (For less lapsation)
- Int. Free advance for purchase of office equipment
- Festival Advance
- Sales promotional gift items
- Badge (on entry only) Red Blue Green –
- Letterheads / Envelopes (Number)
- Visiting Cards (Number)
- Diaries and Calendars
- Yogakshema (House Magazine)
- Daily Allowance (A/B/C City on Tour)
- Graded Benefits for High performers
- Office Allowance to prospective club members