Exemption from MBG Condition :
If an agent worked continually for a period of
a) Not less than 21 years
or
b) at least 15 years and he is at least 55 years of age
or
c) 15 years and at any time subsequent thereto there is business in force yielding a renewal premium income of not less than Rs 40,000/- per annum.
Then the agent can be treated as exempted from MBG.
