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