LIC Club Membership Benefits 2015 are the benefits for agents who are members in different types of Club Membership. 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:

  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 40 30 20 15
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 under 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 NIL
2 Int. Free Vehicle Adv. Car/Upto Rs. 6,00,000/- Motor Cycle Car/Upto 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 Traveling (Convention) Economy class Air Fair I Class / II Tier A.C I Class I Class
5 Mode of Traveling (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 Memento 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 Maintenance 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. 3000
13 Int. Free advance for purchase of office equipment Yes Yes Yes Yes
14 Festival Advance Rs.15,000 Rs.15,000 Rs.15,000 Rs.12,000
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 Calendars Yes Yes Yes Yes
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. 8,35,000 Rs. 7,55,000
Note: All content provided in this post is for informational purposes only. The owner of this site makes no representations as to the accuracy or completeness of any information on this site. For detailed and accurate information please refer the official website www.licindia.in.