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Home / Club Information / Branch Manager's Club

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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