Statement Period : Dec-2023

PERSONAL DETAILS
Full Name : veeraiah sunkara E - Code : OM147988
Address : GUNTUR KORITAPADU GUNTUR Life Asia Code : 60770028
ANDHRAPRADESH 522007
Branch : KLI - Guntur - Ramannapet

Title : Associate Agency Partner Mode Of Payment : Fund Transfer

SNAPSHOT

PAYOUT SUMMARY
Direct Team Business Incentive A 55,387.48
Indirect Team Business Incentive B 0.00
Supplementary Allowance C 0.00
Total Incentive Earned (A+B+C)=D 55,387.48
Licensing Fees G 1,000.00
Blast Off H 0.00
Orphan policy supervision fees J 0.00
Withheld K 55,387.48
Release of previous month E 0.00
Adjustment I -3,000.00
Recovery L 1,000.00
POS Kitty Deduction S 0.00
Total Incentive (D:J+E+I-K-L-S)=M 0.00
Statutory Deductions N 0.00
Net Payout ( M - N ) =O 0.00
TEAM TYPE Direct Reporting Agent Direct Reporting Partner Indirect Reporting Partner Persistency
No. 5 1 0 100%

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DIRECT TEAM BUSINESS INCENTIVE(A) 55,387.48

Policy Id Product Prm Agent Code Agent Name PPT Premium Commission Business Fees % Business Fees Hold
Type Remark
77781123 K93 NB 61104429 GANGADARI SUMALATHA 12 99990 35004.5 55 19252.48 Yes

77781426 L23 NB 61104429 GANGADARI SUMALATHA 12 102000 35700 55 19635 Yes

77790037 K90 NB 61089545 SRI LAKSHMI DURGA 10 100000 30000 55 16500 Yes
PRASANNA YADLA

INDIRECT TEAM BUSINESS INCENTIVE(B) 0.00

AP Code AP Name Desg Team Type Total Premium Total Incentive

SUPPLEMENTARY ALLOWANCE(C) 0.00

Policy Id Product Prm Type Transaction Type Premium Allowance Free Look

LICESING FEE PAYOUT 1,000.00

Agent Code Agent Name Joining Month Amount

61109751 NANDIGAMA Dec-2023 1000

BLAST OFF PAYOUT 0.00

Agent Code Agent Name DOJ No Of Policy Premium Blast off Amt

ORPHAN SUPERVISION FEES 0.00

Policy Id Premium Settlement Premium LA Code LA Name Orphan Commission

Date

Orphan Commission Amount Carry Forward Orphan 20% of Other Payout Orphan Supervision fees

RECOVERY 14,400.00

POLICY DETAILS
Policy_id Product Prem Premium Scheme Name Agent Agent Name Recovery Amount
Code Type Code
77757885 K58 NB 20000 Business fee 61104429 GANGADARI SUMALATHA 2400
77757972 K58 NB 20000 Business fee 61104429 GANGADARI SUMALATHA 2400
77757886 K75 NB 20000 Business fee 61104429 GANGADARI SUMALATHA 2400

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77757973 K75 NB 20000 Business fee 61104429 GANGADARI SUMALATHA 2400

77757884 K58 NB 20000 Business fee 61104429 GANGADARI SUMALATHA 2400
77757971 K58 NB 20000 Business fee 61104429 GANGADARI SUMALATHA 2400
DIRECT TEAM BUSINESS FEES ADJUSTMENT OF PREVIOUS MONTH
Program Business fees percent Revised Business fee percent Business fee adjustment

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MANUAL ADJUSTMENT -3,000.00

Description Amount
As per new compensation plan w.e.f Aug 2019 -3,000.00

Note :
1 Type : NB - New Business, FYR - First Year Renewal, PR - Pure Renewal, LSI - Lump Sum Injection.
2 Direct and Indirect team Business fees incentive kept on hold for the policies where commission amount exceeds Rs.20,000/-. The same will be released along with
subsequent month incentive provided the policy remain in force.
3 Payment adjustment amount includes Monthly Professional Allowance (MPA) of Senior & Executive advisor, accumulated incentive ( for Internal agency Partner ) or
adjustment made in the payout as per service request raised.
4 Recovery column denotes amount to be recovered on account of cancellation of new policy, reversal of FYR / PR premium and recovery on account of change in
business fees slab wherein incentive was paid in past month.
5 Statutory Deductions include Income Tax, Profession Tax, ESIC and Labour welfare fund Deduction.
6 Net amount is credited to all "Active" Partners Bank account updated with us.
7 Pay-out kept on hold for partner whose Bank account details are not updated in HRMS or Appointment letter not submitted. The pay-out will be released once the bank
account will be updated in HRMS and validated by HO or Appointment letter submitted.
8 Incentive for the statement month has been paid only to those partner whose E code generated till 15th of the month.The partners whose e codes were generated post
15th will be paid in subsequent month.
9 For ADA (6 months) eligible partners, either ADA or business fee whichever is higher amount will be paid.
10 Any discrepancy in the statement should be communicated through http://apcassist:8088/Account/Logon/KLIAPCAssist within 30 days from the date of statement.
Note: Partner’s need to contact their MP’s to raise the ticket.
11 This is meant for internal purpose and not for private circulation.
12 Orphan Payout : The total amount such paid cannot exceed 20% of the total Partner earning for the month. In case it exceeds 20% then the same would be capped and
can be recovered within maximum of 3 months’ time.
13 Kitty Payout for IAP’s will reflect under ‘Adjustment’ tab.
14 Adjustment amount includes Incentive adjustment as per change in partner compensation plan effective from Aug’19.
In view of new TRAI guidelines, you are advised not to make any unsolicited calls or send any unsolicited SMS to potential customers who are registered with
National Customer Preference Register. Kindly scrub your data through our central DNC cell before making any such communication. Kindly contact your
Location Managing Partner for the process of data scrubbing.

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Detail of Lapsed Orphan collectable policies ( As on Jan’24 )

POLICY POLICY OWNER INCEPTION DATE DUE DATE MODE OF PREMIUM TOTAL DUE AGENT CODE AGENT NAME REPORTING
NO PAY STATUS CODE
CODE

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RNR Fulfilment Details

PARTNER EMPLOYEE CODE PARTNER NAME AMOUNT PROGRAM PROCESSED INSERTION DATE MODE OF
CODE NAME DATE FULFILEMNT

Note:

1 These policies are in Lapsed state which are collectable.

2 Mode of Pay - 1 = Annual, 2 = Half Early, 4 = Quarterly , 12 = Monthly
3 Total outstanding amount is “to be collected” & “actual premium required to revive” a lapse policy may differ due to tax and handling charges. You are requested to touch base with
your branch for the correct amount and required documentation for Major lapsed policies as on date of revival.
4 Policy status is given in Premium Status column means LA-Lapsed, AC/AN-Automatic Cover Maintenance, DA/DI-Discontinue, NP-Notice Period, PU-Paid Up.
5 For Lapsed policies, Policy will be foreclosed if premium is not collected within 2 years from due date.
6 To Find customer details, Login to partner portal and search the details via “Proposal Tracking” option.
7 Please ignore if premium is already paid. For any further queries kindly contact your nearest KLI Branch.
8 Commission for the renewal collections done against the orphan policies will be paid in the subsequent month of the renewal collected. For eg : If a renewal is collected and settled
till Nov’18 Month end payout for these polices will be credited with Dec’18 Incentive payout cycle.

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MINIMUM BUSINESS CRITERIA

No. Agency Partner Clarification

1 Annual Direct Team Production of 4 Lacs Direct team business 4 Lacs Direct team business on converted business from direct agent team in last 12
rolling months
2 On 8 Lacs Direct team business,LA Criteria to be waived off On 8 lacs Direct team business in last 12 rolling months from direct agent team, only the 8
LAs Criteria in Direct Team will be waived off for AP self CMC review
3 Should not be inactive in the direct team on Direct team business/Recruitment for 2 The AP should not be totally inactive on business or recruitments (PHF/Licenses) in their
Consecutive months direct team for consecutive 2 months
No. Internal Agency Partner Clarification
1 Minimum Direct Team Size of 5 LA's in Direct Team In case the team size falls below 5, the IAP will get 3 months time to catch up the shortfall
and get the direct agent team size up to 5
2 Annual Direct Team Production of 4 Lacs Direct team business 4 Lacs Direct team business on converted business from direct agent team in last 12
rolling months
3 Should not be Inactive in the direct team on Direct team business/Recruitments for The IAP should not be totally inactive on business or recruitments (PHF/Licenses) in their
2 consecutive months direct agent team for consecutive 2 months
No. SAP Clarification
1 Minimum Direct Agent Team Size of 8 LA's Direct Team 8 LAs in direct agent team (Inactive advisors to be excluded )
2 2 APs in Direct Reporting Partner - AAP > -8IIc,IAP with >-5 Licenses & AP/SAP/CAP with >-8 Licenses in their Direct Team
to be considered
-Minimum 2L 1 AP Must be fulfilling AP CMC
-Direct SAP/Direct CAP/HNIAP ( < 8 Lic ) will not be considered for the Direct Reporting
Partner AP Count
3 4 Lacs Direct team business From Team 4 Lacs Direct team business on converted business from Direct Agent Team in last 12
rolling months
4 Should not be inactive in the direct agent team The SAP should not be totally inactive on busincess or Recruitment (PHF/Licenses) on
Direct team business/Recruitment for 2 Consecutive months in their direct agent team for
consecutive 2 months
No. CAP Clarification
1 Minimum Direct Agent Team Size of 8LAs Direct Team 8 LAs in direct agent team (Inactive advisors to be excluded)
2 2 SAPs in Direct Reporting Partner -SAP/CAP with >=8 Licenses in their Direct Agent team to be considered
-Minimum 2 Direct Reporting Partner SAP Must be fulfilling SAP CMC
-Direct SAP/Direct CAP will not be considered for the Direct Reporting Partner SAP count.

EX - GRATIA CRITERIA
No. Senior Agency Partner Ex-Gratia Amount Payable
30 Lacs from team with 10 Lacs from Direct Team 17,000

No. Chief Agency Partner Ex-Gratia Amount Payable

50 Lacs from team with 10 Lacs from Direct Team 27,000
SAP Business criteria+team configuration of CAP 17,000

Kotak Mahindra Life Insurance Company Limited

(Formerly known as Kotak Mahindra Old Mutual Life Insurance Limited)

CIN: U66030MH2000PLC128503
Registered Office: Corporate Office:
2nd Floor, 7th Floor, Kotak Infiniti Bldg. No. 21,
Plot # C 12, Infinity Park, Off W.E. Highway, T +91 22 66057777
G-Block, BKC, Bandra (E), General AK Vaidya Marg, Malad(E), F +91 22 67425649 / 50
Mumbai - 400051 Mumbai - 400097, India. http://insurance.kotak.com

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