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Home » Lic Agent » LIC Club Membership Benefits Review

LIC Club Membership Benefits Review

April 1, 2016 By onlinelic

Contents

  • 1 Review of LIC Club Membership Benefits
  • 2 LIC Club Membership Types
  • 3 Benefits of LIC Club Membership
  • 4 Fringe Benefits available under Lic Club Membership Benefits
  • 5 Housing Loan To Agents
  • 6 LIC Club Membership Rules

Review of LIC Club Membership Benefits

LIC Club Membership Benefits 2015 include various benefits available to the Agents who are members of any of the Clubs of the LIC.  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 and Rules to join as LIC Club Member are available below.

LIC Club Membership Types

There are 6 types of Insurance clubs are available in LIC. Various Clubs in Life insurance corporation of India are Branch Manager Club Membership, Distinguished Club Membership, Zonal Manager Club Membership, Divisional Manager Club Membership, Chairman Club Membership and Corporate Club Membership. Detailed information about various Club membership is given below.

Benefits of LIC Club Membership

An Agent can get various benefits under various Club’s of LIC. Detailed information about LIC Club Member ship Benefits as per new rules is given below.

Branch Managers Club:

Various LIC Club Membership Benefits available in Branch Manger Club are

  • Office/Stationary Allowance up to Rs.1000 p.a.
  • Sale Promotional Gift Items up to Rs.180
  • Festival Advance up to Rs. 6,000
  • 1st class Traveling Expenses., etc,..

Divisional Manager’s Club:

Various LIC Club Membership benefits available to the Agents by becoming a LIC Divisional Manager’s Club Member are

  • Office/Stationary Allowance up to Rs.8500 p.a.
  • Festival Advance up to Rs. 7,000
  • Sale Promotional Gift Items up to Rs.500
  • 1st class Traveling Expenses
  • Interest free advance for purchase of Office equipment up to a specified budget, etc,..

Zonal Manager’s Club:

Various LIC Club Membership Benefits available to the agents by joining in Zonal Manager’s Club are

  • Sale Promotional Gift Items up to Rs.840
  • Office/Stationary Allowance up to Rs.17,000 p.a.
  • Festival Advance up to Rs. 7,000
  • Housing Loan at 5.25% up to Rs. 3.4 lacs
  • Interest free vehicle advance to purchase Car/Scooter/Motor Cycle, etc,..

Chairman’s Club:

Various LIC Club Membership benefits available to the Agents by becoming a LIC Chairman’s Club Member are

  • Festival Advance up to Rs. 11,500.
  • Office/Stationary Allowance up to Rs.30,000 p.a.
  • Sale Promotional Gift Items up to Rs.1,400.
  • Housing Loan at 5.25% up to Rs. 3.75 lacs.
  • Interest free advance to purchase computer.
  • Rs.2,500 out of pocket expenses for annual conventions (outstation), etc,..

Fringe Benefits available under Lic Club Membership Benefits

Fringe Benefits are the main Benefits available to the club Members as LIC Club Membership Benefits. Given below are the Fringe Benefits available under LIC Club Membership Benefits.

S.No Particulars C.M Z.M D.M B.M
1 Mode of Travelling (Training) III Tire A/C III Tire A/C III Tire A/C III Tire A/C
2 Office Allowance Rs. 35,000 Rs. 22,000 Rs. 12,000 Rs. 1,000
3 Int. Free Vehicle Adv. Car/upto Rs. 6,00,000/- Motor Cycle Car/upto Rs. 5,00,000/- Motor Cycle Motor Cycle Motor Cycle
4 Telephone / Charges Rs. 6,000/- Rs. 4,000/- Rs. 2,400/- Rs. 1,800/-
5 Mode of Travelling (Convention) Economy class Air Fair I Class / II Tier A.C I Class I Class
6 Computer Advance Yes No No No
7 Out of Pocket Expenses (Convention) Rs. 3000 Rs. 1100 Rs. 400 Rs. 200
8 Group Term Assurance (Up to 65 years) Rs. 2,80,000 Rs. 1,40,000 Rs. 70,000 Rs. 40,000
9 Momento in Lieu of Group Insurance (above 65 years age) Rs. 900 Rs. 450 Rs. 240 Rs. 120
10 Mediclaim Rs. 1,25,000 Rs. 75,000 Rs. 55,000 Rs. 40,000
11 Yogakshema (House Magazine) Yes Yes No No
12 Computer Maintainance Allowance Rs. 6000 No No No
13 Additional office Allowance (For less lapsation) Upto Rs. 10,500 Upto Rs. 6,600 Upto Rs. 3,600 Upto Rs. 300
14 Int. Free advance for purchase of office equipment Yes Yes Yes Yes
15 Festival Advance 13,000 13,000 13,000 11,000
16 Sales promotional gift items 3,000 2,000 1,000 500
17 Certificate Yes Yes Yes Yes
18 Badge (on entry only) Red Blue Green –
19 Letter Heads / Envelops (Number) 1000 750 500 300
20 Visiting Cards (Number) 250 200 150 100
21 Dairies and Calenders 1 T.D., 1 PIC 1 T.D., 1 PIC 1 T.D., 1 PIC 1 T.D.
22 Office Allowance to prospective club members Yes No No No
23 Daily Allowance (A/B/C City on Tour) Rs. 800/ 700/600 Rs. 700/ 600/500 Rs. 500/ 375/300 Rs. 375/ 275/225
24 Graded Benefits for High performers 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

LIC Club Membership Rules

Below table illustrates the rules to join as member in any of the club’s of the LIC.

Name of the club C.M Z.M D.M B.M
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
Net no of lives for 3 years 130 100 80 50
Min.net no.of lives per year 50 40 30 20

For more details about LIC Club Membership Benefits Please refer LIC Agent Portal.

 

Filed Under: Lic Agent Tagged With: lic agent portal, lic club membership criteria, lic club membership eligibility, lic club membership rules

Comments

  1. MAHADEB CHOWDHURY says

    June 17, 2015 at 4:11 pm

    latest club member ruies ,benefit

    Reply
    • k .g pal says

      July 17, 2015 at 3:45 pm

      pl send latest club member rules in my e mailId

      Reply
  2. parimal sarkar says

    July 20, 2015 at 6:30 am

    DMS club member for continue

    Reply
    • S UMAR FAROOK says

      July 30, 2016 at 4:29 pm

      PLEASE SENT ME LATEST DMS CLUB RULES AND BENEFITS 2016 BY S UMAR FAROO
      K LIC AGENT, coimbatore division. sumarfarook59@gmail.com

      Reply
  3. parimal sarkar says

    July 20, 2015 at 6:32 am

    DMS club member

    Reply
  4. sekhar mukherjee says

    August 7, 2015 at 5:24 am

    very good idia

    Reply
  5. HEMANT BARTHWAL says

    August 15, 2015 at 2:33 am

    Good Morning ,
    With due respect I would like to say that I join LIC recently in Roorkee as a agent. I want to zoom my career in LIC ,like by having Club Membership . So will you please tell me the process for it.

    Thanks & Regards
    Hemant Barthwal

    Reply
  6. DIPANKAR DUTTA says

    September 1, 2015 at 5:50 pm

    PLAESE INFORM ME THE PRESENT CLUB MEMBERSHIP RULES OF LICI BY MY E-MAIL IMMEDIATELY.

    Reply
  7. sou pradhyna ramprasad kulkarni says

    September 11, 2015 at 7:49 am

    I am L I C Agent . I divisional manager club member . our Agent code.. 05732944 . Please reply housing loan sistem . I reqwide house construction loan. Rs-5 Lacs.

    Reply
    • SANTANU NEOGI says

      January 29, 2016 at 10:29 am

      MATTER OF LIC HOUSING LOAN FACILITY

      HOW MUCH DAY LOAN PAYMENT SUBMIT WITH INTEREST?
      WHAT IS THE DOCUMENT MUST IS ABOVE?
      HOW MUCH DAY SANCTION IS ABOVE LOAN?
      HOW MUCH MONEY GET THROUGH FROM LIC UNDER IN CASH /CHEQUE OR OTHER ?
      I AM DIVISIONAL OF CLUB MEMBER’S HOWRAH DIVISION DOMJUR BRANCH
      MY REQUIREMENT IS ONLY 6 LACS.
      PLS CONFIRM WITH DETAILS
      REGARDS

      Reply
      • SANTANU NEOGI says

        January 30, 2016 at 6:12 am

        PLS. CONFIRM IMMEDIATELY AS HOUSING LOAN SYSTEM AS DETAILS

        Reply
  8. sou pradhyna ramprasad kulkarni says

    September 11, 2015 at 8:02 am

    I am lic Agent. i Divisional Club Member . Our agent code no. 05732944 . I reqwide house construction loan Rs- 5Lacs. . please detail for this loan.

    Reply
  9. LIAQUAT ALI says

    September 16, 2015 at 4:35 pm

    Kindly send me the latest circular to my email address.

    Reply
  10. Narendra kumar rathour says

    September 18, 2015 at 3:17 am

    I m lic agent my agency code no.0149437k

    Reply
  11. mukesh kumar joshi says

    September 20, 2015 at 2:54 pm

    Z M club member benifits

    Reply
  12. PRABIN KUMAR BHERA says

    September 23, 2015 at 2:59 pm

    latest club membership rule

    Reply
  13. sasti pada ghosh says

    October 8, 2015 at 8:25 am

    sasti pada ghosh L.I.C.I Agent Bongaon branch K.S.DO Agent Cod NO =0114942B zonal manager club member Agent I want to housing lone please diteail

    Reply
  14. swadeshmishra says

    November 8, 2015 at 4:59 pm

    Plz 07016283 code number par member sip prapat karne hetu jankari de jis se mai pura kar saku

    Reply
  15. vijay kanungo says

    November 19, 2015 at 12:57 pm

    pleace give me letest DM club.member rules..

    Reply
  16. raju sitaram badekar says

    December 12, 2015 at 10:38 am

    Dear Sir,
    I am raju sitaram badekar.
    L.I.C Agent kya mujhe Agent portal melsakta hai.

    Reply
  17. bharat r patel says

    January 9, 2016 at 2:31 am

    continue chair man club member
    how many life necessary to continue
    how much fp commission required for continue
    plz. give answer on my mail id

    brlicagent@gmail.com

    Reply
  18. m.palanisamy says

    February 6, 2016 at 10:19 am

    sir iam zm club agent last 5 years agent code 00502 76D .2014_15year. 30lives and272000 commission .so iam continue zmclub or dm club?

    Reply
  19. k.siva parvathi says

    February 7, 2016 at 8:51 am

    I am lic Agent. i ZM’s Club Member agent code no. 05339671 . I have car loan . please detail for this loan.

    Reply
  20. harsh says

    March 4, 2016 at 2:20 am

    for DM club member continuation- number of lives 21, if an agent have first year commission only rs 28500, and renewal commission of rs390000, whether he is eligible, they count renewal commission against short fall in F Y commission, what is the criteria, reply

    Reply
  21. akki says

    March 6, 2016 at 3:54 pm

    How can I join to lic membership club pls send me details about my question at my gmail ID akkimalik1520@gmail.com

    Reply
  22. veerraju muppidi says

    March 14, 2016 at 9:46 am

    lic of india a good insurence company in india

    m veerraju
    lic agent ..kovvur,

    Reply
  23. BIJAYA KUMAR SENAPATI says

    April 2, 2016 at 4:29 pm

    I am a LIC Aggent, Now i have continueing third fincial year. I haven’t any club.please tell me what is the actual process to entry club membership.

    Reply
  24. Nilesh jagtap says

    April 17, 2016 at 3:47 pm

    Nilesh jagtap

    Reply
  25. mohd. yusuf says

    April 23, 2016 at 4:02 pm

    I AM LIC AGENT. FOR CM CLUB MEMBER/MDRT AGENT . MAY AGENCY CODE NO. 01381-379 .. I AM REQWIDE HOME CONSTRUCTION LONE RS. 25 LACS. PLESASE DETAIL FOR LOAN AND PEPARS DETAIL MAY IMAIL ID IS -yusuf.lic@gmail.com and. mobail cont. 94252-59315, 94252- 6661 5

    Reply
  26. BAMUDI SRIDEVI says

    June 15, 2016 at 2:32 pm

    PLEASE SEND MDRT RULES

    Reply
  27. DEBASHIS PAUL says

    June 25, 2016 at 4:39 am

    I am C M club member agency code 00433-439 please inform my eligibility of house building loan interest free & with interest immediately DEBASHIS PAUL.

    Reply
  28. Chandrika Patel says

    June 30, 2016 at 6:04 am

    Kindly provide me a various club membership criteria for the year of 2016-17.

    Reply
  29. kuldeep kumar gupta says

    July 13, 2016 at 3:06 am

    I am C.M club member Paonta sahib I want to gust house for 14/07/2016

    Reply
  30. vijay v. Satpute says

    July 13, 2016 at 1:43 pm

    I am vijay Satpute I also completed 16 years LIC agancy in miraj branch can i apply housing loan

    Reply
  31. Vinod Paswan says

    July 16, 2016 at 1:19 pm

    I am B.M. Culbmember.I want to loan to make house.My Code is 2419/53c

    Reply
  32. mukesh baghela says

    August 1, 2016 at 8:08 am

    9413310135

    Reply
  33. Chandra Orakash Goenka says

    August 3, 2016 at 3:18 pm

    I want to know that i am agent since 1973 vide agency code 59725411,last f.y.i take the exemption from MB quota only at present CMS club member. istheir any numberof life is compulsery for BONUS COMM. eligibility and also the renewal of appointment is compulsery for for examption for inforce agency

    Reply
  34. SAMBHU NATH SI,BARIPADA BRANCH,CUTTACK DO. says

    August 8, 2016 at 12:57 pm

    I AM NON CLUB MEMBER OF LIC AGENT BUT TWO YEARS BACK I WAS IN BMS CLUB MEMBER.HOW CANI I AGAIN TO BE ZM CLUB

    Reply
  35. PINTU HALDER says

    August 18, 2016 at 12:50 pm

    I AM PINTU HALDER 1090341D SURSUNA BR.KMDO 2. LIC CLUB MEMBERSHIP BENEFIT VERY GOOD TO US (LIC AGENT)

    Reply
  36. Biranchi sahoo says

    September 18, 2016 at 8:56 pm

    Good morning ,with due respect I would like to say that I join LIC 2 years continue in rourkela as a Agent.I want to zoom my career inLIC,like by having club membership.so will you please tell me the process for it. Thanks & regards by Biranchi sahoo

    Reply
  37. Saudamini Dei says

    September 24, 2016 at 12:21 pm

    I miss Saudamini Dei, D.M.s club members,under sambalpur Division,Odisha,panposh Branch , want to know how I can take the benefit of a Housing Loan and what to do for the purpose.Plz.advice me

    Reply
  38. SUNIL SHROTI says

    September 28, 2016 at 4:14 am

    I am LIC agent Z.M club member code no. 0031-3002. Sir, I want 9 lacs housing loan to construct my house. Does Lic gives.?
    And sir, what is the interest
    .
    Sir, please give answer on my E-mail account

    Reply
  39. Kishor kasundra says

    October 12, 2016 at 5:52 pm

    I qualified as BM club member. Now what process and how can I get benefits .

    Reply
  40. Sonal hemesh rathod says

    October 21, 2016 at 11:32 am

    Cm club high er promonce benifit janavso

    Reply
  41. AJIT KUMAR says

    October 30, 2016 at 9:46 am

    pl send me the printable form of cm club office allowance form

    Reply
  42. PEDDA Ismail says

    November 15, 2016 at 8:18 am

    Nnot update LIC club rules please update

    Reply
  43. Kolage Ramesh says

    December 14, 2016 at 5:03 am

    Latent club members benefit rec

    Reply
  44. Vinod paswan says

    January 12, 2017 at 9:52 am

    I am a lic agent. I am D.M culb. I want to make our house. My code is 2419/53c.
    Please know me in details. Vinod Paswan

    Reply
  45. Mirza Aslam says

    January 15, 2017 at 6:07 pm

    Please tell me housing loan to DM club member

    Reply
  46. surendar kumar says

    January 21, 2017 at 10:54 am

    at-bank collony dunduria po+ps+dt-gumla jharkhand 835207

    Reply
  47. sudutta chakma says

    February 7, 2017 at 7:55 am

    I’m agent of lic My code no.01358/48f I’m eligible to club member pls give me respond my email

    Reply
  48. Balwant singh says

    May 9, 2017 at 7:14 am

    Good job Lic me I like it

    Reply
  49. Raju baral says

    June 16, 2017 at 9:53 am

    How can I service my policy holders in online to sit-up my mini private office

    Reply
  50. K.SUNDAR says

    August 7, 2017 at 4:08 pm

    I am lic agent.
    My code no is;01309759.please inform the present club membership.
    sent my e-mail immediately.

    Reply
  51. Mahavir Prasad Agrawat says

    September 7, 2017 at 11:31 am

    please,provide l atest information about club membership

    Reply
  52. NARENDRA KUMAR SHARMA says

    December 14, 2017 at 11:43 am

    I WANT TO NEW PASSWARD FOR AGENT PORTAL..
    I FORGATE OLD PASSWARD .
    THANKS SIR FOR HELP
    LIC AGENT
    NARENDRA KUMAR SHARMA
    AGENT COD – 1874199
    CHITTOR GARH RAJ.

    Reply

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