Inside Sales Executive Jobs in Erode - IDBI FEDERAL LIFE INSURANCES CO LTD

Inside Sales Executive

IDBI FEDERAL LIFE INSURANCES CO LTD

0 Years

18000 - 25000 Monthly

Expired

Posted: 13 May 19

Job Description

A WAD(wealth insurance distributor advisor) needs to achieve the defined criteria to progress to become an Agency Leader and to progress at higher levels of a 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 Bonus4. Monthly Advisor Activation Allowance
Indirect Team QPB for SAL/GAL (Indirect Team L1 & L2 - Quarterly)
Self Sourced business payout 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) NormsAdvisor to AL
Min 3 Mths as an Advisor
Achieve 8 Lives & FYC Rs. 35,000 and 1 Licensed Advisor within 6 Rolling months 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
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 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
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 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 the 3rd subsequent quarter.
A quarter of promotion considered as 1st Quarter
Failure to achieve MBG norms will lead to termination of SAL Employment/Demotion of SAL to ALSAL 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 the 3rd subsequent quarter.
A quarter of promotion considered as 1st Quarter
Failure to achieve MBG norms will lead to termination of GAL Employment/Demotion of GAL to SAL