Agency Leader Jobs in Erode - Idbi federal life insurance Co. Ltd
Job Description
JOB TITLE : WDA/ AL
- A WDA (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:
- Fixed Salary
- Monthly Active
NLA Allowance
- Monthly
Production Bonus
- Monthly Advisor
Activation Allowance
- Indirect Team
QPB for SAL/GAL (Indirect Team L1 & L2 - Quarterly)
- 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 Months 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
periodand 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 1st
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 1st 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 Months 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 Teamat the end of 2 consecutive calendar
quarters Maintain 2 ALs in direct team MBG period begins from the month of
promotion of SAL
- If promotion happens in 3rd Month of the
calendar quarter, 1st MBG cycle will be measured at the end of 3rd subsequent
quarter. Quarter of promotion considered as 1st Quarter
- Failure to achieve MBG norms will lead to
termination of SAL
- Employment/Demotion of SAL to AL
SAL to GAL
- Achieve 5 Active NLAs with FYC Rs. 1 Lacs
through direct team and develop 1 SAL within 12 consecutive/continuous/rolling
Mths Progression post 1 Mth Free look period and successful completion of
training.
- No Min Vintage required
GAL
- Achieve 3 Active NLAs, 5 Active Agents
and FYC Rs. 25,000 through Direct
- Team at the end of 2 consecutive calendar
quarters Maintain 2 ALs/1 SAL in the direct team
- MBG period begins from the month of
promotion to GAL
- If promotion happens in 3rd Month of the calendar quarter, 1st MBG cycle will be measured at the end of 3rd subsequent quarter. Quarter of promotion considered as 1st Quarter Failure to achieve MBG norms will lead to termination of GAL Employments/Demotion of GAL to SAL
Job Particulars
Role others
Education B.Com, BA, M.Arch, M.Com, MA, BCA, BE/B.Tech, MBA/PGDM, BSc, MCA, ME/M.Tech, CA, CS, MS, MSc, MSW, BSW
Who can apply Freshers and Experienced (0 to 0.6 Years )
Hiring Process Written-test, Face to Face Interview
Employment TypeFull Time
Job Id539391
Job Category MBA , BSc/BCA/BBM , Analyst / Analytics , Logistics / Transportation
SkillsMarketing Management
Locality Address
State Tamil Nadu
Country India
About Company
IDBI Federal Life Insurance Co Ltd. is a three way joint-venture of IDBI Bank, an Indian development and commercial bank; Federal Bank, one of India’s leading[peacock term] private sector banks and Ageas, a multinational insurance giant based out of Europe.
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