Join LIC Club Membership Eligibility and Benefits

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If you are an LIC Agent then you must know about the LIC Club Membership Benefits and Eligibility Criteria. There are various types of LIC Agents who achieve different goals in their F.Y. and earn different commissions.

Based on this in 1971 LIC formed a community called LIC Club Membership to manage collab and reward the LIC Agents who perform well and to educate new Agents to achieve their F.Y. goals.

Basic Benefits of LIC Club Membership:

  • Car or motorcycle Loan (Interest-free)
  • Housing Loan (@5.5% up to 18.5 lac)
  • Office allowance up to Rs. 350000
  • Computer Loan Advance (Interest-free)
  • Furniture Loan Advance (Interest-free)

Targets & Eligibility Criteria for LIC Club Membership:

Now you understand what LIC Club Membership let’s discuss what are the benefits of joining this club and what is the eligibility criteria for it. Before I start let me explain a few terms which are going to be used while explaining the Eligibility Criteria for LIC Club Membership.

  1. The term “Lives” will be used here which means one living person’s Policy (1 policy of 1 person during current F.Y.)
  2. Policy Laps Percentage should be less than 15% which means (75 Policy must be continued out of 100 or 17 out of 20 Policy in an F.Y.)
  3. Lesser the Lapsation Ration More the Benefits you get in your Membership.
  4. ZTC or STC Training is mandatory after every 4 Years.

These are common Criteria for all Club Membership so fulfill above criteria and then check for specific criteria below.

Your Club Membership for April 2023 to March 2024 if you fulfill the creteria for any Level of Club Membership your Membership will be valid for that year from 1st Sept 2024 to 31 August 2025.

Membership Valid year
LIC Club Membership Eligibility Criteria

Benefits given to Every Club Membership:

There are total 7 different Levels of LIC Club Memeberships for which you can apply and now I will share what are the eligibility criteria for each membership level with what benefits you will get so keep reading below.

1. Distinguished Club Membership:

Eligibility Criteria for applying for Distinguished Club Membership: This is the First step for getting started in your LIC Club Membership journey.

SRParametersMinimum Value
1No. of Lives40 in a Year
2First Year Commission₹50,000

Benefits for the Agent who joined this Distinguished Club Membership:

SRParameters/ExpensesBenefits Provided
1Stationery Expenses₹500
2Letter Heads, Envelopes, Visiting Cards₹100
3Sales Promotion Gifts (SPG)₹400
4(Interest-Free) Festival Advance₹12,000
5Complimentary LIC Calender, DiaryFree

2. BM (Branch Manager) Club Membership:

Eligibility Criteria for Applying for Branch Manager’s Club Membership: If you are a new Agent/Agency or an Old Agent both can be eligible here just check the following criteria will be checked for 3 years and you will be valid for 4th Year for BM’s Club Membership

SRParameters (for New Agent)Minimum Value
1No. of Lives50 per Years for 3 years
2First Year Commission₹90,000
SRParameters (For Old Agent)Minimum Value
1No. of Lives15 per year till next 3 Years
2Policies In Force150
3First Year Commission₹37,000
4Renewal Commision₹53,000

Benefits for the Agent who joined this Branch Manager’s Club Membership:

SRParameters/ExpensesBenefits Provided
1Stationery Expenses₹500
2Letter Heads, Envelopes, Visiting Cards₹700
3Sales Promotion Gifts (SPG)₹500
4(Interest-Free) Festival Advance₹15,000
5Complimentary LIC Calender, DiaryFree
6Telephone Bill₹1800
7Bike Advance/LoanInterest Free
8Group Term Insurance FreeWorth ₹55,000
9Group Mediclaimupto ₹2,00,000

3. DM (Divisional Manager) Club Membership:

Eligibility Criteria for Applying for Divisional Manager’s Club Membership: If you are a new Agent/Agency or an Old Agent both can be eligible here just check the following criteria will be checked for 3 years and you will be valid for 4th Year for DM’s Club Membership

SRParameters (for New Agent)Minimum Value
1No. of Lives80 per Year for 3 years
2First Year Commission₹1,58,000
SRParameters (For Old Agent)Minimum Value
1No. of Lives20 per year till the next 3 Years
2Policies In Force250
3First Year Commission₹63,000
4Renewal Commission₹95,000

Benefits for the Agent who joined this Divisional Manager’s Club Membership:

SRParameters/ExpensesBenefits Provided
1Stationery Expenses₹500
2Letter Heads, Envelopes, Visiting Cards₹1150
3Sales Promotion Gifts (SPG)₹1000
4(Interest-Free) Festival Advance₹20,000
5Complimentary LIC Calender, DiaryFree
6Telephone Bill₹2400
7Bike Advance/LoanInterest-Free
8Group Term Insurance FreeWorth ₹1,10,000
9Group Mediclaimupto ₹2,50,000
10Office Allowance₹12,000
11Housing Loans up to ₹20 Lacks@ 5% Interest

4. ZM (Zonal Manager) Club Membership:

Eligibility Criteria for Applying for Zonal Manager’s Club Membership: If you are a new Agent/Agency or an Old Agent both can be eligible here just check the following criteria will be checked for 3 years and you will be valid for 4th Year for ZM’s Club Membership

SRParameters (for New Agent)Minimum Value
1No. of Lives100 per Year for 3 years
2First Year Commission₹2,94,000
SRParameters (For Old Agent)Minimum Value
1No. of Lives30 per year till the next 3 Years
2Policies In Force400
3First Year Commission₹1,47,000
4Renewal Commission₹1,47,000

Benefits for the Agent who joined this Zonal Manager’s Club Membership:

SRParameters/ExpensesBenefits Provided
1Stationery Expenses₹500
2Letter Heads, Envelopes, Visiting Cards₹1700
3Sales Promotion Gifts (SPG)₹2000
4(Interest-Free) Festival Advance₹20,000
5Complimentary LIC Calender, DiaryFree
6Telephone Bill₹4000
7(Interest-Free) Bike Advance/LoanFull Price
8Group Term Insurance FreeWorth ₹2,00,000
9Group Mediclaimupto ₹3,50,000
10Office Allowance₹22,000
11Housing Loans up to ₹25 Lacks@ 5% Interest
12Club Convention Expenses₹3500
13(Interest-Free) Car Advance/LoanUp to ₹5,00,000

5. CM (Chairman Manager) Club Membership:

Eligibility Criteria for Applying for Zonal Chairman’s Club Membership: If you are a new Agent/Agency or an Old Agent both can be eligible here just check the following criteria will be checked for 3 years and you will be valid for 4th Year for CM’s Club Membership

SRParameters (for New Agent)Minimum Value
1No. of Lives130 per Year for 3 years
2First Year Commission₹4,20,000
SRParameters (For Old Agent)Minimum Value
1No. of Lives40 per year till the next 3 Years
2Policies In Force600
3First Year Commission₹2,10,000
4Renewal Commission₹2,10,000

Benefits for the Agent who joined this Chairman Manager’s Club Membership:

SRParameters/ExpensesBenefits Provided
1Stationery Expenses₹500
2Letter Heads, Envelopes, Visiting Cards₹2250
3Sales Promotion Gifts (SPG)₹3000
4(Interest-Free) Festival Advance₹20,000
5Complimentary LIC Calender, DiaryFree
6Telephone Bill₹6000
7(Interest-Free) Bike Advance/LoanFull Price
8Group Term Insurance FreeWorth ₹4,00,000
9Group Mediclaimupto ₹5,00,000
10Office Allowance₹35,000
11Housing Loans up to ₹40 Lacks@ 5% Interest
12Club Convention Expenses₹8000
13(Interest-Free) Car Advance/LoanUp to ₹6,00,000
14(Interest-Free) Computer Advance₹1,00,000

Additional Power of the Level like Account Verification and policy document attesting power

LIC Club Membership Everything Explain in Hindi:

Watch this Video explain in Hindi, few terms may not match the real world please ignore them and research on your own but the following video will give a basic idea about How LIC Club Membership works, what are the eligibility criteria and What benefits you can get on every stage in the membership.

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