Benefits
Also Enjoy much more Benefits
- Interest free advance for 4 wheelers or 2 wheelers.
- Interest free advance for purchase of Personal Computer, Software, Palmtops, Laptops, Furniture, Telephone etc.
- Housing Loan at the rate of 5% p.a.
- Reimbursement of expenses on Office, Stationery, Sales Promotion & Gift Items.
- Interest Free advance for Training.
- Gratuity Pension Facility.
- Term insurance and Mediclaim Benefits.
- A Lic Agent can become Development Officer during the course of 4 years depending upon the quality work develired.
- And many more.
Commission on Sales
On any standard Policy that you procure, you shall be paid the following Commission Rates:
- 35% of 1st year premium .
- 7.5% of 2nd & 3rd year premium.
- 5% there after till the Policy Continues.
Hereditary Income
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.
Interest & Club Membership
A Club Member Agent is eligible for Interest free advance of Car, reduced Interest for Home Loan, Office maintenance Allowance, Furniture Allowance, Festival Advance, Mobile & Land line Bill reimbursement & various other facilities.
Create Your Own Pension
As Years pass by, the Renewal Commission starts building up. There by assuring you a pension for the next 20 to 25 Years. No retirement in this job, you are entitled to LIFE-LONG income in the form of COMMISSION.
Retirement Benefit
Gratuity upto a maximum of Rs. 2,00,000/- is payable under Schedule VI of the (Agents) Rules, 1972 provided the agent has completed the business guarantee for at least 15 years called as “qualifying years”.
Dreams Can Come True
Raise quality of life for yourself and your family in terms of: Unlimited Income, Two/Four Wheeler, Dream House, Dream Office, Status in Society, International Status, Job Satisfaction, Pension For Generation, Peaceful Life
Increasing Income
With the above recurring income-feature of the insurance compensation your income goes on steadily increasing every year. Each succeeding year’s new sales add to the renewal commission on the previous year’s business.
International Recognition
For every insurance policy sold by you, you will earn each time the policyholder pays premium on that policy. MDRT INR 8,45,000 Commission, COT INR 22,77,000 Commission, TOT INR 45,50,000 Commission
Renewal Commission
The agent is paid 7.5 per cent of the amount paid by the policy holders as the second as well as the third year’s premiums and continues to be paid renewal commission of 5% on every year’s premium paid from the fourth year onwards.
