Agency Leader jobs in Erode - Idbi feferal life insurance co ltd

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  • Job View 5 Views
  • Applicants Less than 5 Applicants
  • 2018-12-21

Job Description

A WAD(wealthsurance distributor advisor) needs to achieve the defined criteria to progress to become an Agency Leader and

to progress at higher levels of leader in his/her career path

An Agency Leader (AL/SAL/GAL) will be eligible for performance based fixed as well as

variable payout as listed below:

1. Fixed Salary

2. Monthly Active NLA Allowance

3. Monthly Production Bonus

4. Monthly Advisor Activation Allowance

5. Indirect Team QPB for SAL/GAL (Indirect Team L1 & L2 - Quarterly)

6. Self Sourced business payout

At each level, An Agency Leader has to maintain the MBG norms to continue his/her

partnership with IFLI. Details of Career Progression and MBG norms are as below:

Career Progression Norms Minimum Business Guarantee (MBG) Norms

Advisor

to AL

• Min 3 Mths as an Advisor

• Achieve 8 Lives & FYC Rs. 35,000 and 1 Licensed Advisor within 6

Rolling months

OR

• Achieve 10 Lives & FYC Rs. 60,000 and 1 New Licensed Advisor

• Progression post 1 Month Free look period

and successful completion of Training

. No Min Vintage required

AL

• All existing ALs needs to achieve 2 Active NLAs and FYC Rs. 25,000 through

Direct Team in 1 calendar quarter

• If new AL joins in the 1st month of the Calendar quarter, he needs to achieve 2

Active NLAs by the end of the 1

st calendar quarter

 If an AL joins in the 2nd month of the Calendar quarter, he needs to achieve 1

Active NLA by the end of 1

st Calendar quarter

 If an AL joins in the 3rd month of the Calendar quarter, he needs to achieve 2

Active NLAs by the end of the next calendar quarter

 Failure to achieve MBG norms will lead to termination of AL Employment

AL to SAL

• Achieve 6 Active NLAs & FYC Rs. 1,60,000 within 12 rolling Mths from

the Direct Team

 Develop 2 ALs in the team

 Progression post 1 Mth Free look period and successful completion

of Training

 No Min Vintage required

SAL

• Achieve 3 Active NLAs, 5 Active Agents and FYC Rs. 25,000 through Direct Team

at the end of 2 consecutive calendar quarters

Key Skills

Industry

Banking, Investments, Stock Market & Financial Services

Functional Area

Banking / Investments / Stock Market / Financial Services

Number of Vacancy

45

Education

Other Bachelor Degree


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