Thursday, 25 February 2016

ICC MEETING - AGENDA-HELD ON 25/02/2016 WITH LIC MANAGEMENT @CENTRAL OFFICE MUMBAI.



VERY IMPORTANT AND URGENT MESSAGE
RECEIVED FROM TOP LEVEL LEADERS MESSAGE. 

I AM FORWARDING FOR YOUR INFORMATION:

Good morning to all LIAFIANS. 
🙏🙏🙏🙏🙏🙏🙏
Agenda discussed in ICC meeting at Central Office and agreed by Central Office.

1. On line product will not come without taking LIAFI into confidence and discussion.

2. LIC view on draft of irda of India agreed up to 40%.

3. Escalation clause discussion positive. 

4 Reduction in minimum net no of life considered

5 .payment of computer allowance for zm dm and bm clubs considered.

6 Club members group insurance may be increased . 

7. Printing of stationary earlier practice may be continued.

8. Enhancement of gratuity discussion is in progress with Government of India results expected in next fin.year.

9. Introduction of 2nd housing loan agreed circulation will come very soon.

10. Strengthening of direct and career agents draft submitted by LIAFI may be considered soon.

11. Empowering empowered agents annex-1 submitted to ed clia process going on .

 12. Amendments to1972 agent regulation  work in progress.

 13. Child education loan for agents considered. 

14.  CC camera 📷 in all office started .

15.  Mid day meal coupons for agents not considered but Federation demands are still stand. 

16.  Interest on sambhardhan scheme from the date of deduction will be considered.

By  D S Shukla and N Gajapati Rao.

Kindly inform to all agents in your branches.

Thank you  LIAFI.

LIAFI ZINDABAD 
LIAFI ZINDABAD 
LIAFI ZINDABAD.

by

S. NATARAJAN,
DIVISIONAL SECRETARY,
LIAFI,COIMBATORE DIVISION.

LIC CLUB MEMBER



Terminology That Every LIC Club Member Agent Must Know
LIC of India has more than 12 lac agent, and according to their performance LIC rewards them in the different form. One is Club membership. According to the business procured by agents in last 4 year LIC awards club membership to agents. These Clubs are Corporate Club, Galaxy Club, Chairman Club, Zonal Manager Club, Divisional Manager Club, Branch Manager Club and Distinguish Club. LIC has made the criteria for the entry to new club or continuation in a new club. These criteria mainly depend upon a number of lives procured by an agent in the financial year, total in force lives, renewal commission, and first-year commission. But other than this, there are many other factors which an LIC club member agent should know to continue or enter in a new club, which we are going to discuss here one by one, all the points covered here to be done in a financial year.
“Number of Policies” in a financial year:
This is, all the policies procured by an agent in a financial year (1st April to 31 March). This will also include policies done on the same life by the agent in the same financial year.
“Number of lives” by LIC club member agent in a financial year:
The number of lives is a very crucial factor for getting a club membership. The number of lives means, the number of the different people insured by an agent in a financial year. An agent may do 2 or more policies of a single person. When an agent does 100 policies it does not mean he has done insurance of 100 different people. There is no exact correlation between Number of Policiesand Number of Lives, an agent can do insurance of 2 or more individuals in 1 policies also. But, more the number of lives, more the policies.
“Total Inforce Lives” by LIC club member agent
This is nothing but all the policies procured by an agent from the first day of his agency, which is still running (in force condition as on 31 March of the current financial year). Only those policies will be considered as in force where FUP is less than 6 months. Policies under auto cover are not included in “total in force lives” where FUP is >6 Month.
Policies which are in auto cover (like New Bima Gold, New Janraksha, and Jeevan Saral) but FUP >6 months are considered as lapse and not included in“Total in force lives” of the agent. In differed annuity policies where policy is vested and premium payment, the term is over are also excluded from “Total in force lives”.
“Net Number of Lives” by LIC club member agent in a financial year
This is the first condition for LIC club member agent, which he has to complete to continue or enter a new club. for CM club, it is 40 Net lives and 30, 20 and 15 for ZM, DM, and BM club respectively. The net number of lives arrives after reducing duplicate lives, first-year lapse policy from the total number of lives introduced by an agent in a financial year.
Here yearly policy complete in last financial year having FUP >6 months will also be taken as first-year lapse policy. I am quoting the lines of LIC circular Mktg./A/ZD/29/2009 Date: 22nd October 2009 for club member conditions here for reference.
Net Number of Lives” are distinct lives insured ( not number of policies) during the qualifying financial year reduced by the number of lives who had been insured in the financial year preceding the qualifying financial year whose policies are lapsed as on 31st March of the said qualifying financial year.
“First year Commission” by LIC club member agent in a financial year
This is the commission paid to an agent for the first year of the policy. The first-year commission includes first commission paid on yearly policy, commission paid on first two installments of half-yearly policy and commission paid on first 4 and 12 premiums in quarterly and monthly mode policy respectively. Bonus commission paid to an agent on the first-year commission is also included here for club membership purpose.
“Renewal Commission” by LIC club member agent in a financial year
Renewal commission earned by an agent in a financial year.
It is the commission paid to an agent on second and subsequent year premium deposited by the policyholder.
“First-year lapsation” for LIC club member agent in a financial year
Lapsation is a very important factor for an LIC club member agent. If in a particular year, if lapse ratio is more than 15%, then that particular year will not be considered for club membership purpose for aspiring club member. For existing club member agent, lapse ratio >15% will lead to nonpayment of allowances, and exit from the club after lapse ratio >15% for 3 consecutive years.
The first-year lapsation arrives after reducing the number of policy procured in current and last financial year but in lapse condition as on 31 March of current financial year from the total number of policies procured by an agent in the current financial year.
Example: Let us assume that in the year 2014-15 an agent procured 52 policies, and in the current year 2015-16 agent procured 63 policies. Out of these 115 (63+52) policies, 12 policies have FUP >6 month on 31/03/2016. Then the lapse ratio will be (12/63)X100=19.04%. These 12 policies will also reduce the net number of lives for an agent in the current financial year. If all the 63 policies are on different lives and 12 policies are also on different lives then net lives will be 51 only.
“Pucca Lapse” Policies
The policies under which overdue premiums remain unpaid for more than 6 months from the date of the first unpaid premium (FUP) are deemed to be pucca lapsed for the purpose of arriving at the net number of lives in determining agents eligibility for membership of any club. Policies issued in current and previous financial year which are “pucca lapse” as on 31st March of the current financial year will be reduced from the lives procured by an agent in the current financial year to arrive at “Net number of Lives”. Same will be reduced from the total lives introduced by an agent to arrive at “total in force lives by an agent”.
“Qualifying year” for club membership
The financial year immediately preceding the membership year is known as the “Qualifying year”. In other words, the financial year in which an agent qualify all the condition to become the club member of any club.
“Escalation Clause” for LIC club member agent
Escalation clause means that an agent has to earn 5% extra renewal and first-year commission in next financial year after the qualifying year. This will apply to both existing club member agents as well as aspiring club member agents.
“Membership year” for LIC club member agent
Membership year for an LIC club member agent is the period for which club membership is award to the agent. Membership year for club member agent starts from 1st September to 31st August after the qualifying financial year.

Monday, 22 February 2016

LIAFI COIMBATORE DIVISION- SLOGANS IN TAMIL




                    LIAFI    COIMBATORE  DIVISION

ஜிந்தாபாத் ஜிந்தாபாத்
லியாபி  யூனியன் ஜிந்தாபாத்!

முகவருக்காக போராடும்
லியாபி  யூனியன் ஜிந்தாபாத்!
வாழிய வாழிய வாழியவே
லியாபி  யூனியன்  வாழியவே!

LIC ன் நிர்வாகமே!
கைவிடு கைவிடு
ஆன்லைன் வர்த்தகத்தை கைவிடு!

அடிக்காதே அடிக்காதே
முகவர் வயிற்றில் அடிக்காதே !
                                                                               
காப்போம் காப்போம்
LICயை காப்போம்!

காப்போம் காப்போம்
முகவர்களைக் காப்போம்!


LIC யின் நிர்வாகமே
கைவிடு கைவிடு
ஆன்லைன் வர்த்தகத்தை கைவிடு!

உயர்த்திக் கொடு உயர்த்திக் கொடு
பாலிசிக்கான போனஸ் தொகையை உயர்த்திக் கொடு !

அமுல்படுத்து அமுல்படுத்து
IRDA வின் கமிசன் முறையை அமுல்படுத்து

உயர்த்திக் கொடு உயர்த்திக் கொடு
பணிக்கொடையை  உயர்த்திக் கொடு

தளர்த்திடு தளர்த்திடு
மன்ற விதிகளை தளர்த்திடு!
கைவிடு கைவிடு
ஆன்லைன் வர்த்தகத்தை கைவிடு!
வழங்கிடு வழங்கிடு
2 வது வீட்டுக் கடனை வழங்கிடு!

வழங்கிடு வழங்கிடு
எம்பவர்மென்ட் முகவர்களுக்கு அதிக வசதி வழங்கிடு

வழங்கிடு வழங்கிடு
தொழில் முறை முகவர்களுக்கு ஊக்கத்தொகை வழங்கிடு!

வழங்கிடு வழங்கிடு
நேரடி முகவர்களுக்கு ஊக்கத்தொகை வழங்கிடு!

வழங்கிடு வழங்கிடு
CLIA முகவர்களுக்கு
 மாத ஊதியம்,போக்குவரத்து படிகளை வழங்கிடு!

கைவிடு          கைவிடு
ஆன்லைன் வர்த்தகத்தை கைவிடு
மத்திய அரசே மத்திய அரசே
நீக்கிடு நீக்கிடு
சேவை வரியை நீக்கிடு!

அமுல்படுத்து அமுல்படுத்து
முகவர் சட்டம் ‘72ன் படி
நன்மை பயக்கும் திருத்தங்களை
உடனடியாக அமுல்படுத்து!

நியாயம் வழங்கு நியாயம் வழங்கு
முகவர்களுக்கு நியாயம் வழங்கு!

Lic ன் நிர்வாகமே
இன்று நடப்பது ஆர்ப்பாட்டம்
நாளை வெடிக்கும் போராட்டம்!

ஜிந்தாபாத் ஜிந்தாபாத்
லியாபி  யூனியன் ஜிந்தாபாத்
                                                                                 
ஓங்கட்டும் ஓங்கட்டும்
முகவர் ஒற்றுமை ஓங்கட்டும்

வெல்லட்டும் வெல்லட்டும்
முகவர் போராட்டம் வெல்லட்டும் !

தன்னலமற்ற லியாபியின்
தனிநிகரற்ற போராட்டம்
வெல்லட்டும் வெல்லட்டும்


காப்போம் காப்போம்
LICயை காப்போம் !
காப்போம் காப்போம்
முகவர்களைக் காப்போம்!


வாழிய வாழிய வாழியவே
லியாபி  யூனியன்  வாழியவே!
முகவருக்காக போராடும்

லியாபி  யூனியன் ஜிந்தாபாத்!


POSTED BY S. NATARAJAN,DVN. SECRETARY,COIMBATORE.
COMPILED BY: MR. RAGHURAMAN,R.S.PURAM BR.