In case of agent’s death while his agency subsists, after agency was in force for two years or over, renewal commission will continue to be payable to his heirs or nominee provided there was a business of not less than Rs. 1 lakh in force at the time of death.
A Club Member Agent is eligible for Interest free advance of Car, reduced Interest for Home Loan, Office maintenance Allowance, Furniture Allowance, Festival Advance, Mobile & Land line Bill reimbursement & various other facilities.
As Years pass by, the Renewal Commission starts building up. There by assuring you a pension for the next 20 to 25 Years. No retirement in this job, you are entitled to LIFE-LONG income in the form of COMMISSION.
Gratuity upto a maximum of Rs. 2,00,000/- is payable under Schedule VI of the (Agents) Rules, 1972 provided the agent has completed the business guarantee for at least 15 years called as “qualifying years”.
Raise quality of life for yourself and your family in terms of: Unlimited Income, Two/Four Wheeler, Dream House, Dream Office, Status in Society, International Status, Job Satisfaction, Pension For Generation, Peaceful Life
With the above recurring income-feature of the insurance compensation your income goes on steadily increasing every year. Each succeeding year’s new sales add to the renewal commission on the previous year’s business.
The agent is paid 7.5 per cent of the amount paid by the policy holders as the second as well as the third year’s premiums and continues to be paid renewal commission of 5% on every year’s premium paid from the fourth year onwards.