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Club Membership Benefits
Lic Club Membership Benefits 2015 are the benefits for agents who are members of different types of Clubs. Complete information about Lic Club Membership Benefits and types of Club Membership are given below. The Lic Club Membership Benefits include Fringe Benefits, Housing loans, etc.
Types of Club Membership
There are six types of Club membership they are Distinguished Club Membership, Branch Manager Club Membership, Divisional Manager Club Membership, Zonal Manager Club Membership, etc. A complete list of Lic Club Membership Benefits and Membership details are given below.
- 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.
|
Name of the club |
C.M |
Z.M |
D.M |
B.M |
| Min net no.of lives per year | 50 | 40 | 30 | 20 |
| Net no of lives for 3 years | 130 | 100 | 80 | 50 |
| Renewal Commission paid | 2,00,000 | 1,40,000 | 90,000 | 50,000 |
| 1st Year commission paid | 2,00,000 | 1,40,000 | 60,000 | 35,000 |
Fringe Benefits under Lic Club Membership Benefits
Given below are the fringe benefits to club members. These are the main benefits of Lic Club Membership Benefits.
| S.No | Particulars | C.M | Z.M | D.M | B.M |
| 1 | Office Allowance | Rs. 35,000 | Rs. 22,000 | Rs. 12,000 | Rs. 1,000 |
| 2 | Int. Free Vehicle Adv. | Car/up to Rs. 6,00,000/- Motor Cycle | Car/up to Rs. 5,00,000/- Motor Cycle | Motor Cycle | Motor Cycle |
| 3 | Telephone / Charges | Rs. 6,000/- | Rs. 4,000/- | Rs. 2,400/- | Rs. 1,800/- |
| 4 | Mode of Travelling (Convention) | Economy class Air Fair | I Class / II Tier A.C | I Class | I Class |
| 5 | Mode of Travelling (Training) | III Tire A/C | III Tire A/C | III Tire A/C | III Tire A/C |
| 6 | Out of Pocket Expenses (Convention) | Rs. 3000 | Rs. 1100 | Rs. 400 | Rs. 200 |
| 7 | Group Term Assurance (Up to 65 years) | Rs. 2,80,000 | Rs. 1,40,000 | Rs. 70,000 | Rs. 40,000 |
| 8 | Momento in Lieu of Group Insurance (above 65 years age) | Rs. 900 | Rs. 450 | Rs. 240 | Rs. 120 |
| 9 | Mediclaim | Rs. 1,25,000 | Rs. 75,000 | Rs. 55,000 | Rs. 40,000 |
| 10 | Computer Advance | Yes | No | No | No |
| 11 | Computer Maintainance Allowance | Rs. 6000 | No | No | No |
| 12 | Additional office Allowance (For less lapsation) | Upto Rs. 10,500 | Upto Rs. 6,600 | Upto Rs. 3,600 | Upto Rs. 300 |
| 13 | Int. Free advance for purchase of office equipment | Yes | Yes | Yes | Yes |
| 14 | Festival Advance | 13,000 | 13,000 | 13,000 | 11,000 |
| 15 | Sales promotional gift items | 3,000 | 2,000 | 1,000 | 500 |
| 16 | Certificate | Yes | Yes | Yes | Yes |
| 17 | Badge (on entry only) | Red | Blue | Green | – |
| 18 | Letter Heads / Envelops (Number) | 1000 | 750 | 500 | 300 |
| 19 | Visiting Cards (Number) | 250 | 200 | 150 | 100 |
| 20 | Dairies and Calenders | 1 T.D., 1 PIC | 1 T.D., 1 PIC | 1 T.D., 1 PIC | 1 T.D. |
| 21 | Yogakshema (House Magazine) | Yes | Yes | No | No |
| 22 | Daily Allowance (A/B/C City on Tour) | Rs. 800/ 700/600 | Rs. 700/ 600/500 | Rs. 500/ 375/300 | Rs. 375/ 275/225 |
| 23 | Graded Benefits for High performers | Yes | No | No | No |
| 24 | Office Allowance to prospective club members | Yes | No | No | No |
Housing Loan To Agents
| S.NO. | Rates of Interest | C.M. | Z.M. | D.M. |
| 1 | 5% | Rs. 8,50,000 | Rs. 7,45,000 | Rs. 6,45,000 |
| 2 | 9.5% | Rs. 9,50,000 | Rs. 8,55,000 | Rs. 7,55,000 |
my father lic Agent from 1962. His age is 85yrs old. renewal the agency up to 2018. He has been affected critical illness (tongue cancer) and admitted 30 days in hospital for treatment as radiation therophy . How to claim the hospital expenses at your lic agent life benefits. (During the period LIC start up he has raising the step of LIC development)
I CM CLUB MEMBER CUNTINEW 15 YEAR I LIFE CM CLUB MEMBER PLZ NEXT BENIFIT
I AM ZM CLABMAMBER VADNAGER 83R LIC BEST CAMPIREJAN PLAN
lic benefit
Need LIC housing finance SURAT contact no and Email id.
no body received 02612473224 /2472194 this no , plz provide correct mobil no
Dear Sir ,
My self Manmath kumar patra , age 47 , I want current housing loan transfer to LIC Housing finance , what is the basic requirement , at present D.M club member at Vapi branch , code no 1843868 , need 1200000 loan , as per D.M club member rule 6.45 lac for 5 % and 7.55 lac for 9.5 % loan interest rate . this is part time work , full time doing service at vapi .please suggest document name for loan sanction and out standing loan transfer possible or not ?? .
2016 17 target zm membae ship
SIR, I AM A C.M CLUB MEMBER AGENT OF LIC OF INDIA. I APPLIED FOR INTEREST FREE VEHICLE ADVANCED BEFORE TOW MONTHS BUT NOT SACNTION TILL TODAY .I DONT KNOW WHAT IS THE REASON. I DOUBTS ABOUT THE BENEFITS .
i am lic cm’s club member agent how many house building loan eligeble loan
i am ageant of branch 895. last 2 year i am a DM Club Member, i didnot gate Benefits of membership,