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Home » Blog » Lic Agent » Lic Club Membership Benefits – Review

Lic Club Membership Benefits – Review

April 1, 2016 By vijay kumar

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.

  1. Distinguished Club Membership.
  2. Branch Manager Club Membership (B.M).
  3. Divisional Manager Club Membership (D.M).
  4. Zonal Manager Club Membership (Z.M).
  5. Chairman Club Membership (C.M).
  6. 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

Filed Under: Lic Agent Tagged With: lic club membership benefits 2015, www licindia in

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