What is LIC's Chairman’s Club membership?

What is LIC's Chairman’s Club membership? What is the Club Membership eligibility?

Its special benifits provided by LIC to its agents. To motivate them to perform better year by year.For example -
Chairman’s Club
· Office/Stationary Allowance up to Rs.30,000 p.a.
· Sale Promotional Gift Items up to Rs.1,400
· Festival Advance up to Rs. 11,500
· 1000 letterheads with envelops
· 250 visiting cards
· Eco. Airfare/1st class/AC II Tier Traveling Expenses
· Rs.2,500 out of pocket expenses for annual conventions (outstation)
· Housing Loan at 5.25% up to Rs. 3.75 lacs
· Interest free vehicle advance to purchase Car/Scooter/Motor Cycle
· Interest free advance to purchase computer
· Additional allowance up to Rs. 6,000 to maintain personal computer
· Group Term Insurance (up to age 60) of Rs.1.25,000
· Telephone facility- Rental and Local Call charges
· Interest free advance for purchase of Office equipment up to a specified budget

Zonal Manager’s Club
· Office/Stationary Allowance up to Rs.17,000 p.a.
· Sale Promotional Gift Items up to Rs.840
· Festival Advance up to Rs. 7,000
· 750 letterheads with envelops
· 200 visiting cards
· 1st class/AC II Tier Traveling Expenses
· Rs.1,100 out of pocket expenses for annual conventions (outstation)
· Housing Loan at 5.25% up to Rs. 3.4 lacs
· Interest free vehicle advance to purchase Car/Scooter/Motor Cycle
· Group Term Insurance (up to age 60) of Rs.75,000
· Telephone facility- Rental and Local Call charges
· Interest free advance for purchase of Office equipment up to a specified budget

Divisional Manager’s Club
· Office/Stationary Allowance up to Rs.8500 p.a.
· Sale Promotional Gift Items up to Rs.500
· Festival Advance up to Rs. 7,000
· 500 letterheads with envelops
· 150 visiting cards
· 1st class Traveling Expenses
· Rs.400 out of pocket expenses for annual conventions (outstation)
· Housing Loan at 5.25% up to Rs. 2.65 lacs
· Interest free vehicle advance to purchase Car/Scooter/Motor Cycle
· Group Term Insurance (up to age 60) of Rs.37,500
· Interest free advance for purchase of Office equipment up to a specified budget

Branch Managers Club
· Office/Stationary Allowance up to Rs.1000 p.a.
· Sale Promotional Gift Items up to Rs.180
· Festival Advance up to Rs. 6,000
· 300 letterheads with envelops
· 100 visiting cards
· 1st class Traveling Expenses
· Rs.200 out of pocket expenses for annual conventions (outstation)
· Interest free vehicle advance to purchase Car/Scooter/Motor Cycle
· Group Term Insurance (up to age 60) of Rs.8,750
· Interest free advance for purchase of Office equipment up to a specified budget

Eligibility Conditions -
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