Life Insurance Corporation of India

Home » Lic Agent » LIC Club Membership Benefits Review

LIC Club Membership Benefits Review

By

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.

 

Comments

  5. 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

  7. 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

    • 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

  8. 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

  13. 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

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

    Reply

  20. 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

  23. 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

  25. 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

  27. 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

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

    Reply

  33. 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. 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

  36. 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. 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. 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

  44. 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

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

    Reply

  52. 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

Leave a Reply

Your email address will not be published. Required fields are marked *