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

Lic Club Membership Benefits – Review

April 1, 2016 By vijay kumar

Contents

  • 1 Club Membership Benefits
  • 2 Types of Club Membership
  • 3 Fringe Benefits under Lic Club Membership Benefits
  • 4 Housing Loan To Agents

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

Comments

  1. SUNDARALINGAM says

    March 17, 2017 at 9:46 pm

    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)

    Reply
  2. S S RATHI says

    March 9, 2017 at 8:12 pm

    I CM CLUB MEMBER CUNTINEW 15 YEAR I LIFE CM CLUB MEMBER PLZ NEXT BENIFIT

    Reply
  3. J k prajapati says

    January 30, 2017 at 12:23 pm

    I AM ZM CLABMAMBER VADNAGER 83R LIC BEST CAMPIREJAN PLAN

    Reply
  4. J k prajapati says

    January 30, 2017 at 12:16 pm

    lic benefit

    Reply
  5. MANMATH KUMAR PATRA says

    December 28, 2016 at 5:52 pm

    Need LIC housing finance SURAT contact no and Email id.

    no body received 02612473224 /2472194 this no , plz provide correct mobil no

    Reply
  6. MANMATH KUMAR PATRA says

    December 28, 2016 at 5:48 pm

    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 ?? .

    Reply
  7. Ashok kumar sharma says

    December 28, 2016 at 12:25 pm

    2016 17 target zm membae ship

    Reply
  8. SUBHASH DEY says

    December 8, 2016 at 8:52 pm

    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 .

    Reply
  9. manik seal says

    November 27, 2016 at 1:05 am

    i am lic cm’s club member agent how many house building loan eligeble loan

    Reply
  10. madhavi dalvi says

    October 24, 2016 at 4:55 pm

    i am ageant of branch 895. last 2 year i am a DM Club Member, i didnot gate Benefits of membership,

    Reply
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