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Branch Manager's Club
Qualification Criteria
Entry and continuation to the Branch Manager's club is under two conditions
- 'A' where the criteria has to be fulfilled in the Qualifying
year and 3 out of 4 Financial years preceding the Membership year
- 'B' where the criteria has to be fulfilled in the Qualifying
year and 2 Financial years preceding the Qualifying year
Entry under condition 'A' (effective from qualifying financial
year 2001 - 2002. membership year 2002 - 2003)
| Effective
from financial year |
2001-02 |
2002-03 |
2003-04 |
| Net sum assured (Rs in lacs) |
11 |
13 |
15 |
| Net number of lives |
35 |
40 |
45 |
|
For entry under condition 'A' condonation up to 25 percent
permissible on 'Net Lives" or 'Net Sum Assured' if the other
count shows proportionate increase.
Entry under condition 'B' (effective from financial year 1.4.2002
to 31.03.2002)
| Effective
from financial year |
2001-02 |
2002-03 |
2003-04 |
| Renewal commission paid (Rs) |
20000 |
25000 |
30000 |
| 1st year commission |
12000 |
16000 |
20000 |
| Number of lives in force |
108 |
114 |
120 |
|
Continuation under Condition 'A' (effective from financial year
1.4.2002 to 31.03 .2002
| Effective
from financial year |
2001-02 |
2002-03 |
2003-04 |
Net sum assured
(Rs in lacs) |
9 |
10 |
12 |
| Net number of lives |
26 |
30 |
35 |
|
Continuation under Condition 'B' (effective from financial year
1.4.2002 to 31.03 .2002
| Effective
from financial year |
2001-02 |
2002-03 |
2003-04 |
| Renewal commission paid (Rs) |
20000 |
25000 |
30000 |
| 1st year commission |
12000 |
16000 |
20000 |
| Number of lives in force |
108 |
114 |
120 |
|
Benefits
| Reimbursement of stationery expenses |
Rs 1000 |
Sales promotional gift items
(including diaries & calendars) |
Rs.180/- |
| Badge |
On entry - orange colour |
| Certificate |
On entry and continuation |
| Annual memento |
Rs.100/- |
| Letterheads and envelopes |
300 |
| Visiting cards |
100 |
| Calendars / diaries / magazines |
Prestige calendar |
|
Travelling and daily allowance for attending
conventions
|
1st class railway
fare and out pocket expenses up to Rs.200/- |
| Festival advance |
Rs.6,200/- |
|
Privileges
Authority to submit moral hazard report up to Rs.3 lakhs
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