SFS NORTH

LOGIN : 1ST DEC – 31ST DEC 2023

ISSUANCE : 10 JAN 2024
CORDELLIA CRUISE!!
 PRODUCT CREDITS & BASIC EARNINGS
Plan PPT FYC Product Credits
Non-Participating: Endowments
8 years 24% 75%
Shriram Assured Income Plan
10 years & above 30% 100%
Shriram Life Assured Income Plus 5 years 15% 60%
Shriram Life Super Income Plan 10 to 25 years 30% 100%
Shriram Life Assured Advantage Plus Single 2% 6%
Shriram Life Genius Assured Benefit Plan 10 years 30% 95%
8 years 20% 75%
Shriram POS Assured Savings Plan
10 years & above 24% 100%
6 years 18% 60%
8 years 24% 75%
Premier Assured Benefit Plan
10 years & above 30% 85%
Single premium 2% 6%
Non-Participating: Term Plan
Shriram Life Family Protection plan 10 to 25 years 30% 75%
CashBack Term Plan 10 years 30% 75%
RP, 10 years 30% 75%
Smart Protection Plan
Single 7.5% 10%
Non-Participating: Annuity
Shriram Life Immediate Annuity Plus 2% 4%
 PRODUCT CREDITS & BASIC EARNINGS
Plan PPT FYC Product Credits
Participating
8 years 24% 75%
Shriram New Shri Life
10 years & above 30% 95%
8 years 24% 75%
Shriram New Shri Vidya
10 years & above 30% 95%
Shriram New Akshay Nidhi 15/20/25 years 30% 95%
5 years 12% 60%
Shriram Life Golden Premier Saver
8 years 20% 75%
Plan
10 to 25 years 24% 100%
Shriram Fortune Early Cash Plan 6 years 18% 60%
8 Years 24% 70%
10 years & above 30% 100%
ULIPs
Shriram Wealth Plus 5, 10, 15 to 25 years 3.50% 25%
Single , SA <5xSP 2% 6%
Shriram Fortune builder Insurance Plan
Single , SA >=5xSP 2%
Regular Premium >=2% 25%
Shriram Life Growth Plus Single , SA <5xSP 2% 6%
Single , SA >=5xSP 2%
Regular Premium >=2% 25%
Shriram Life Pension Plus Single , SA <5xSP 2% 6%
Single , SA >=5xSP 2%
 Quick Start (For New Business Associates)
Frequency Criteria (Cumulative) Gifts (Any One)
Lives WRP

0+1 Month 2 50,000 Noise Plus Smart Watch

0+3 Months 4 100,000 Crompton Ameo 750 Watt Mixer Grinder

0+6 Months 6 200,000 Bajaj 1701 MT Solo Microwave Oven

For agency coded by 15th of month considered as M1, if coded after 15th, considered as M0. Gift Payout on issuance
within the stipulated period. Alternate gifts of equivalent value may be given if the above are not available. Quick Start
Payouts on Issuance month+2 months basis.
 Definition of Weighted Business

WEIGHTED BUSINESS CREDITS FOR COMBO

Product Amount Weighted Factor Weighted Business

LI 1 Lakhs 100% 1.00 Lakhs

Deposits 1 Lakhs 5% 0.05 Lakhs

 STAR CLUB – QUALIFYING CRITERIA

Buss. WRP Buss. Combo

Encash
CLUB (Pure LI) (Pure FD (MIN 25% LI) Reward
Value In Rs.
In Lakh In Lakh In Lakh

1 Star 4.5 100 4.75 0 1N/2D SINGLE REGIONAL TRIP

2 Star 9 200 9.60 0 2N/3D SINGLE NATIONAL TRIP
3 Star 16 375 17.00 0 2N/3D COUPLE NATIONAL TRIP
4 Star 20 650 21.50 80000 SINGLE INTERNATIONAL TRIP
5 Star 25 950 27.50 160000 COUPLE INTERNATIONAL TRIP
CMO CLUB SILVER 30 1200 34.00 200000 ONE EUROPE TICKET
CMO CLUB GOLD 47.50 1750 53.00 400000 TWO EUROPE TICKET
MD CLUB DIAMOND 65 2250 72.00 600000 THREE EUROPE TICKET
MD CLUB PLATINUM 80 2750 90.00 800000 FOUR EUROPE TICKET
 5% LIFE CREDIT FOR FIXED DEPOSITS

• 5% Life Credit to all FD business punched and issued.

• Applicable for Monthly Schemes for Branches as per attached List only
• 50% of scheme needs to be from Life Insurance.
• Eg if the FLS Tgt Slab is 1.50 lakhs and he does 10 lakhs of FDs, then 5% of
10,00,000 = 50,000 will be considered for Life. Balance LI Required = 1.50 – 0.50
= 1.00 Lakhs
• Applicable only for FLS / BSM and BM of the specified Branches
 MANAGING DIRECTORS TROPHY – NOV-DEC

• Monthly Qualification : MD Certificate

• Qualify Nov and Dec : MDs Trophy

Only 2.5 Lakhs WRP!!!
 BUSINESS ASSOCIATES
WRP Rewards Cash Amount
30,000 1,500 1,500
50,000 3,100 3,100
75,000 1 gm Gold 5,000
1,00,000 Gala Night 8,000
1,50,000 2 gm Gold 12,000
1,75,000 5 gm Gold 30,000
2,50,000 2N3D Cruise 35,000
3,50,000 10 Gm Gold 60,000
Rolling 13th Month % Incentive
5,00,000 2 Tkt 2N3D Cruise 70,000 Persistency Payout

2 Tkt 2N3D Cruise <60% Nil

6,00,000 90,000
+ Gala Night 60% -65% 50%
8,00,000 3 Tkt 2N3D Cruise 1,20,000 65% - 70% 75%

10,00,000 4 Tkt 2N3D Cruise 1,50,000 70% + 100%

1,50,000 – 200,000 APE 50% credit / 200,000+ APE Zero Credit in TDI calculation
 EARLY BIRD

Early Bird
1 - 7 Dec 1 -14 Dec Reward

BA 50,000 1,25,000 20 gm Silver

FLS 1,00,000 1,50,000 20 gm Silver

BSM 2,00,000 2,50,000 20 gm Silver

BM 30% of Month Budget 60% of Month Budget 1 gm Gold

Issuance 13-Dec 20-Dec

 SALES MANAGERS

MD Certificate Tgt Based Incentive Scheme

Month Plan / % Ach 75% 100% 125% 150% 200% 200% +

Month Plan Ach / APE

Upto 1.6 Lakhs 2500 4700 7500 8000 16000

21 Dec 28 Dec 15%
1.61 - 1.90 3300 6100 10000 10000 21000 addtnl
Incentive
FLS 150% 200%
on every
addtnl
Issuance 27 Dec 5 Jan 1.90 + 4000 7100 11500 12000 25000 50% ach

SLIC TR Receipted Dates only will be

considered BA Active 2 3 4 5 5 6
 BRANCH SALES MANAGERS

MD Certificate Tgt Based Incentive Scheme

Month Plan Ach / Incentive Payout
Month
Plan
Month Plan Ach / APE
3.52 Lakhs
75% 100% 125% 150% 200% 200%+
21 Dec 28 Dec
Ach (Rs
2.64 3.52 4.40 5.28 7.04 10%
Lakhs)
FLS 150% 200% additional
Incentive
BSM 125% 150% on every
Incentive 6,500 10,000 15,000 21,000 31,000 additional
50% ach
Issuance 27 Dec 5 Jan

SLIC TR Receipted Dates only will be considered BA Active 4 5 6 6 6 6

 BRANCH MANAGERS

MD Certificate Business Incentive

Month Plan Ach / Incentive Payout
Month Plan
Month Plan Ach 75% 100% 125% 150% 150% +

21 Dec 28 Dec Upto 6.5 Lakhs 10,000 15,000 20,000 25,000

10%
FLS 150% 200% 6.51 - 8.25 13,000 19,000 25,000 30,000
additional
Incentive
BSM 125% 150% 8.26 - 11.50 19,000 28,000 40,000 50,000
on every
additional
BM 80% 100% 12.00+ 40,000 60,000 80,000 1,00,000
25% ach

Issuance 27 Dec 5 Jan

SLIC TR Receipted Dates only will be considered BA Active 5 6 7 7 6

Care Health Special Scheme

For Branch Managers Only

Rs 25,000 Premium – 750 GV

Rs 50,000 Premium – 1750 GV
Rs 100,000 Premium – 4000 GV
 FIXED DEPOSITS SCHEME (OCT – DEC 23)

FD Ach Oct – Dec 23 Life Insurance Ach Oct – Dec 23

More than 150% FD
On 125% On 150% On 200% Upto 150% FD Ach
Ach
BM 0.048% 0.056% 0.064% 100.00% 125.00%
Bulk Deals Individual certificate >=10 cr will not be considered for this scheme

Credits for Employees:

Life Insurance Target Ach as per the grid below.
12 Months 25%
Minimum 13th Month Persistency @ 65%.
24 / 30 Months 50%
Login Dates : 1st Oct 2023 – 31st Dec 2023
36 / 40 Months 100%
FD Issuance : 31st Dec 2023 / LI issuance : as per Contest
48 Months 100%
60 Months 100%
 TERMS & CONDITIONS
➢ Login 1st Dec – 31 Dec and Issuance by 10th Jan 2024
➢ FD Weightage 25% for 12M, 50% for 24M & 100% for 36+M
➢ Agents categorized as HNI on FLAT payouts will be considered at 50% for Sales Hierarchy.
➢ BAs with Rs 200,000 and above APE will be counted at 50% for SAM TDI calculations.
➢ Renewals :
Renewal Target Ach % Incentive Payout
<70% 25%
70% -85% 50%
85% - 100% 80%
100% + 110%
➢ Renewal Criteria is applicable for Target Based Incentives for Employees and Agents. Not applicable for any additional scheme.
➢ No EXCEPTION will be given for Issuance delay for any reason whatever.
➢ WRP would exclude service tax. Lapsation, surrenders, cancellation, cheque bounces, etc. will be removed from Final APE. TDS / taxes will
be applicable as per Govt. of India Regulations. TBA/TBR qualifications will NOT be considered for rewards
➢ SFSL / SLIC reserves the right to change, alter, modify any or all of the terms and conditions mentioned herein. Management decision
shall be final and binding
➢ BA Activation will be at 20,000 WRP. Each Life @ 20,000 WRP
Are YOU a
CHAMPION??
 North
Annual Champions Meet

April - 2024
QUALIFICATION & REWARDS CRITERIA
 Branch Managers

Reward Criteria /
Product Line Invitation Criteria Min Ach Required
Champions Trophy

Life Insurance 80% Target achievement Top 10 Min 100%

100% Target Ach in FD,

Fixed Deposits Top 10 Min 100%
Gate : LI Target Ach Min 75%
YOU ARE A
CHAMPION!!