AGENCY ADVISOR PMS FY23

ACE LIFE ADVISOR

SENIOR LIFE ADVISOR (36 lakhs sales in rolling 12m;
(12 lakhs sales in rolling 12m; 12 NOP, 88% Persistency* )
6 NOP, 88% Persistency* )
LIFE ADVISOR  Personal Branding
(3 lakhs sales since joining;  IATD - Advanced App – Own
Website Personalized content with
85% Persistency*)  Personal Branding
designation + Digi-Card
ADVISOR  Personalized content + Digi-Card
 Personalized content through Smart through IATD - Intermediate App  Earned Media
Advisor Platform  PR Stories & Media Evangelization
Building  Social Media Visibility +
• Personalized content -
Advisor’s  Social Media Visibility  Social Media Visibility ++
Smart Advisor Platform
Brand
 Ace Life Advisor Kit
 Senior Life Advisor Kit  Visiting card
 Life Advisor Kit
 Visiting card  Welcome Kit & Promotion letter
Differentiated  Visiting card
 Welcome Kit & Promotion letter  Personalized Agent Profilers
 Welcome Kit & Promotion letter
Personalized  Visiting card  Personalized Agent profiler  Personalized Planner & Pens
Benefits  Personalized Planner & Pens  Social Security Plan
 Accident Cover
 Social Security Plan  Group Insurance & Accident Cover
 Group Insurance & Accident Cover
 Taj Epicure Membership
 Training by Internal Experts  Industry Experts Led Programs
 Regional Level Training Program
 Career Schools  Office level Performance based Training  Path To Excellence Program
Segmented  ‘Accelerate your Sales’ – 
 Selling Skills Workshops  Art of Story Selling Build Credibility with Certifications
Personalized & Performance Based 
Training  Concept Based Selling Evolved Sales Concepts
 ‘Business Growth’ – Ladder to SLA  Mastering Art of Networking
 Expanding Your Market BI,NRI Annuity

Exclusive  CET Support

 CET Support  Agency Clinic | Exclusive Help-line
Service  CET Support  CET Support
 Agency Clinic | Exclusive Help-line  Exclusive Under-writing Grids
Support
*13th + 25th Month Persistency
Commissions
& FY23 LIFE ADVISOR COMPENSATION
Segment FYC Applicable For All Advisors
1
Senior Life
Description Advisor Life Advisor Ace Life Advisor
Advisor
12 lakhs 36 lakhs
WFYP (Rs Lakhs) 3 lakhs (ITD)
(12month) (12month)
NOP 6 12
13+25 Month
85% 88% 88%
Persistency
Base FYC + Full Segment FYC 42.5% of Base FYC
FYC+SB Base FYC
across all levels
 LA retention criteria 1 NOP in a quarter (AMJ, JAS, OND,JFM)
 LA demoted in any quarter will get promoted back on producing 1 NOP effective next month.
A) Promotion will happen on monthly basis .
B) Sr. & Ace Life Advisor will continue to retain their level for 12 months.
C) WFYP: Weighted First Year Premium; FYC: First Year Commission; ITD: Inception Till Date; NOP: Number of Policy; SB:
Segment Bonus
 Monthly
FY23 LIFE ADVISOR COMPENSATION
Incentive
(% of Base FYC)
Applicable For All Advisors

WFYP Slab Senior Life

Advisor Life Advisor Ace Life Advisor
(For the Month) Advisor
1 Lakh + 5% 5% 10%
1.5 Lakhs + 7.5% 12.5% 15%
3 & above 10% 17.5% 20%

 In addition to the previous scheme, if monthly business of above slabs are being achieved in the given month, the
advisor will be entitled for the above monthly incentive.
 Monthly FY23 LIFE ADVISOR COMPENSATION
Production Applicable For Ace Life Advisors
Bonus
3

WFYP Slab Senior Life

Advisor Life Advisor Ace Life Advisor
(For the Month) Advisor
2.5 Lakhs + Nil 7500
5.0 Lakhs + Nil 30000
7.5 Lakhs + Nil 45000
15 Lakhs + Nil 60000

Catchup option is available for Ace LA in MDRT Bonus on YTD target (Final settlement will be done
at March 2023 end.
 Quarterly FY23 LIFE ADVISOR COMPENSATION
Incentive Applicable For All Advisors
(% of Base FYC

4
WFYP Slab
Advisor Life Advisor Senior Life Advisor Ace Life Advisor
(For the Qaurter)
7.5 Lakhs + 10% 15% 15%
12 Lakhs + 25% 30% 30%
20 Lakhs + 50% 55% 60%
30 Lakhs + 70% 75% 80%
50 Lakhs + 80% 85% 90%
100 Lakhs + 90% 95% 100%
200 Lakhs + 105% 110% 120%

Minima:- 88.5% of 13th + 25th Month persistency

Note:
• Provisions of Income Tax and GST will also be applicable under relevant sections
• Persistency clause is not applicable to Advisors having vintage less than 12 months
THANK YOU