In my earlier post “Conditions for Club membership for FY 2015-16 for LIC agents” I mentioned about the escalation clause and commission required to qualify for the particular club for the financial year 2015-16 for new as well as continuing club members. The escalation clause is a yearly increase in commission by 5% compared to last year, and it was effective from 2013-14 for new entrants and 2014-15 for continuing club members. But as per the new circular of LIC Mkt/A/21(R) dated 01/07/2015  dated 06/06/2016 escalation clause has been reviewed.

As per the new circular by LIC marketing department dated 06/06/2016, implementation of escalation clause has differed till the membership year 2016-2017  2017-2018 for a new entry to the club and 2017-2018 2018-2019 for continuing club member. Club member conditions will be same as it was in the year 2013-14 till the mentioned financial years.

Qualifying conditions for Club Membership for Financial year 2015-16 ( for Continuation) 

S. No.Name of ClubCM’s ClubZM’s ClubDM’s ClubBM’s Club
1Minimum Net No. of Lives40302015
2a. Net No. of Lives          OR1301008050
b. Total Lives In-Force600400250150
3Renewal Commission Paid (Rs.)2000001400006000035000
4First-year commission Paid (Rs.)2000001400009000050000

Copy of the old circular is displayed below


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