Scribd
Upload
10 views2 pages

SISO SBPI Q4 FY 2024-25 - Sales Manager Updated Mar25

The SISO Special Business Production Incentive (SBPI) for Q4 of FY 2024-25 is applicable to all Sales Managers and ABH in Peninsular, running from January 2, 2025, to March 31, 2025, with payments issued by April 10, 2025. Incentives are tiered based on SISO NOP, with a minimum persistency requirement of 82% for eligibility, and specific minimum premium amounts for various product types. Key terms include that only active policies with E-mandate will be considered, and clawbacks will apply for policies surrendered after October 3, 2024.

Uploaded by

coc8984278725
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
10 views2 pages

SISO SBPI Q4 FY 2024-25 - Sales Manager Updated Mar25

The SISO Special Business Production Incentive (SBPI) for Q4 of FY 2024-25 is applicable to all Sales Managers and ABH in Peninsular, running from January 2, 2025, to March 31, 2025, with payments issued by April 10, 2025. Incentives are tiered based on SISO NOP, with a minimum persistency requirement of 82% for eligibility, and specific minimum premium amounts for various product types. Key terms include that only active policies with E-mandate will be considered, and clawbacks will apply for policies surrendered after October 3, 2024.

Uploaded by

coc8984278725
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 2

Sales Manager/ABH

SISO SBPI Q4, FY 2024-25

SISO Special Business Production Incentive (SISO SBPI) – Q4, FY 2024-25


Applicable To: All Sales Manager & ABH of Peninsular
Scheme Period: Login from 02 Jan 2025 to 31 Mar 2025 | Issuance till 10 Apr 2025
SISO SBPI Q4, FY 2024-25 Table:

Q4 SISO NOP SISO SBPI Q4 (INR)

Below 20 0
20 to 29 Rs 15,000
30 to 39 Rs 20,000
40 to 49 Rs 40,000
50 Rs 60,000
51 & Above Rs 60,000 + 1,200 Per SISO NOP

Gate condition:
• SISO Persistency Minimum: 13th Month 82%

Important points:
• 200% credit on Traditional SISO. (ACE SISO, GPG SISO & AWG Platinum SISO)
• 100% Credit on MFP SISO, FWG SISO, LLG SISO & IPG SISO (PPT 10 & above)
• Other ULIP SISO zero credit.
• From Mar25:
o Preferred IC: Minimum monthly premium for Traditional products GPG SISO, GWG SISO, AWG
Platinum SISO, ACE SISO is 5,000/-
o Other than Preferred IC: Minimum monthly premium for Traditional products GPG SISO, GWG
SISO, AWG Platinum SISO, ACE SISO is 10,000/-

• From Feb25:
o Traditional SISO policies with Rs. 10,000 first premium will only be considered.
o Minimum monthly premium for Traditional products GPG SISO, GWG SISO, AWG Platinum SISO,
ACE SISO is 10,000/-
o Minimum monthly premium for ULIP product FWG SISO, LLG SISO, MFP SISO & IPG SISO is
5,000/-
• For Jan25:
o FWG SISO & LLG SISO minimum ticket size required 5000/- for consideration in SISO SBPI Q4
o Minimum monthly premium for AWG Platinum SISO is 5000/-
o Minimum monthly premium for product GPG is 6000/-
o Minimum monthly premium for product ACE SISO is 4,800/-

Team credits - on SISO FY 2024-25:


Business Credits on SISO
SISO Specific Schemes Product type Elite IC ADP
CLIA ASO ASIM IMF
/ Elite CLIA Premier
Traditional SISO 0% 0% 0% 0% 0% 0%
SISO SBPI
ULIP SISO 0% 0% 0% 0% 0% 0%

Persistency targets & schedule for eligibility of SISO SBPI Q4, FY 2024-25:

Minimum
Persistency type Sourcing period Renewal adjustment till
requirement
Sales Manager/ABH
SISO SBPI Q4, FY 2024-25

13th Month 82% 1 Apr 2023 to 31 Mar 2024 31 May 2025

Payment schedule:
• Result date: 25 Jun 2025
• Payment: 100% in Mar 2026 MBPI payment cycle.
• For payment, persistency targets as per Mar 2026 MBPI

Terms and Conditions:


• For ACE Actual realized premium will be considered i.e. premium derived after discount.
• Cheque dishonour, Freelook cancellations or any other reversal cases will not be considered
• Splitting of policies is not allowed.
• Policies with E-mandate will only be counted. Non E-mandate policies will get zero credit.
• Only active policies (no lapsed) will be considered for final Calculation
• Any policy sourced on or after 3 October 2024 & which is surrendered, there will be clawback in incentives /
rewards paid due to consideration of such policy in the respective scheme. The clawback amount will be
adjusted from unpaid accrued or future incentives / rewards / salary.
• Policies sourced through NPS proceeds will not be considered.
• All other Bajaj Allianz Life standard terms & conditions as mentioned in SM compensation FY 2024-25 will be
applicable.

All the best!!

You might also like