What is LIC's Chairman’s Club membership?

[Akshay]

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

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[v.r.s.nathan]

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

[v.r.s.nathan]

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

[v.r.s.nathan]

Eligibility Conditions -