Club Memberships - LIC Hyderabad Online

G Raghavendra Prasad

Development Officer

Authorised Officer for Agents Recruitment, Training & Business Development

Contact No: +91 9618634105

Club Memberships

One of the best initiatives taken by the Life Insurance Corporation of India towards their agents is Club Membership. Based on the performance done by the agents LIC recognizes their agents by way of clubmembership. A special status is given to a Club Agent.


Following are the levels of club membership.

    • Branch Manager’s Club Member.
    • Divisional Manager’s Club Member.
    • Zonal Manager’s Club Member.
    • Chairman’s Club Member.
    SL CRITERIA CM ZM DM BM
    1 MINIMUM NET NO OF LIVES 40 30 20 15
    2 NET NO OF LIVES
    OR
    NO OF LIVES IN INFORCE
    130 100 80 50
    OR OR OR OR
    600 400 250 150
    3 RENEWAL COMMISSION
    AND
    FIRST YEAR COMMISSION
    210000
    AND
    210000
    147000
    AND
    147000
    94500
    AND
    63000
    52500
    AND
    36750
    OR OR OR OR OR
    FIRST YEAR COMMISSION 420000 294000 157500 89250

Above performance will be reviewed in the Financial Year Basis.

Apart from the Commission payable, Club Agents are given additional benefits.

    • Office Allowance to maintain your own office.
    • Telephone/Mobile bill reimbursement.
    • Reimbursement of Sales Promotional Gift items.
    • Interest free advance for purchase of Car/Motorbike.
    • Interest free advance for purchase of office equipments.
    • Interest free advance for Training.
    • Interest free Festival Advance.
    • Housing loan at concessional rate of interest.
    • Term Insurance and Mediclaim benefits.
    • Guest house facility throughout India at concessional rates as applicable to employees.
    • Annual Convention and many more.

The total monetary equivalent of all above benefits ranges from ₹5,500 to ₹5,50,000, depending up on level of Club Membership.