PLI RPLI Incentive Structure clarification 2023 in respect of sales force | Download PLI RPLI Incentive Clarification in PDF

This is regarding procurement of PLI/RPLI policies in a Financial Year and has a reference to PLI directorates letter no 28-03-2019 LI(4) dtd 25.06.2021

 

In this connection , the following is clarified in respect of sales force procuring PLI/RPLI business

Sl	Issue	Clarification
1	Sales  force  DA/FO, DE and   GDS, who have not  completed one year (from date of engagement of  agent)  and  have  not  procured minimum of 4 policies, the license in this regard to be terminated or not	The license  of  Sales  force (DA, FO,  DE and  GDS),  who  have  not  completed  one year  (from  date  of  engagement  as  sales force) and have not procured m minimum of 4 policies may not be terminated  for that financial year in which sales force has been engaged. However, in the subsequent financial years, the condition of procuring 4 policies in a year will be applicable.
2	If sales force has procered business in the month of March and the total number of policies indeed is four fo the financial year but some of these policies are accepted in the month of April . In this scenario whether the code will be terminated or not	The sales force must procure a minimum of 4 policies in a financial year and the date of indexing in a financial year and the date of indexing and acceptance of these 4 policies should be in the same financial year only