What is LIC club membership?
Club Membership is. Recognition for meritorious agents. Performance reward. Financial & Non-Financial motivator. Inducement for higher performance.
What is the Commission for LIC agent?
Though, Agents earn the commission for the policies they sale. LIC offers 25% to 35% commission on the policy premium for the first year, then 7.5% for 2nd & 3rd Year + 5% till the policy maturity.
What is Club price?
Welcome to The Club Price – your invitation to single unit shopping for discount prices! This is a Club that everyone can enjoy… simply place your first order and you automatically become a Club Price member – no extra charge! Order as often as you like, and receive your discounted price every time.
How do you set up a Clubhouse Club?
Step 1: On the Clubhouse home screen, tap your profile picture in the top-right corner of the screen. Step 2: Under the “Member of” section, tap the plus sign (“+”) to begin creating a new Club. Note: If you’re already a member of many Clubs in Clubhouse, you may need to scroll until you see the plus sign icon.
Who is the highest paid LIC agent?
Lachman Das Mittal is among 828 individuals with wealth of over Rs. 1,000 crore: IIFL Wealth Hurun India Rich List 2020.
What happens if LIC agent dies?
In case of agent’s death while his agency subsists, after agency was in force for two years or over, renewal commission will continue to be payable to his heirs or nominee provided there was a business of not less than Rs. 1 lakh in force at the time of death.
What is commission rate for LIC agent?
What are the benefits of being a LIC club member?
We are giving the benefits those, which you will get by becoming a LIC Club Member. Various benefits available to the Club Member of the LIC are Fringe Benefits, Housing Loan Benefits etc,..Complete information about LIC Club Membership such as LIC Club Membership Benefits, Types of Club Membership of LIC Club Member are available below.
What are the names of the LIC clubs?
The name of the six LIC clubs 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.
How often do you have to go to LIC training?
Training : All the club members are required to undergo training once in a period of 4 years. LIC Club Membership Benefits include various benefits available to the Agents who are members of any of the Clubs of the LIC.
What are the requirements to be a LIC agent?
Condition No.1. An agent aspiring to enter into or continue membership of any club will be required to bring in minimum net number of lives in “Qualifying Year” and in each of the years reckoned for his/her entry into / continuation of his/her club membership. This is a mandatory condition.