Carrier Structure

GTFS CAREER STRUCTURE FOR C0-ORDINATOR As a coordinator you will get a unique GTFS Agency Code. You can work all over India by using your GTFS Agency Code. You can sell products form leading insurance companies like - 1 Life Insurance Corporation 2 Bajaj Allianz 3 Reliance Life Insurance 4 Max New York Life Insurance 5 Kotak Mahindra Life Insurance 6 Star Health Insurance 7 Reliance General Insurance 8 Future Jnnerlly India. Let's see how much you can earn in the next 7 years using this system : 1. Each year is divided into two phases/semesters:- first from 1st January 1 to 30th June and second phase/semester from 1st July to 31st December, thus a total of seven-year term = 7 X 2 = 14 phases or semesters. 2. All the products from the above 8 companies are classified into 4 categories A, B, C, D. Each category has different rates of commission. Category A includes personal accident insurance Policy, B includes the medical insurance policy, Category C includes the life insurance policy (except LIC), D category includes products from life insurance companies like LIC and Future. 3 .Normally each new agent needs to sell insurance products (combination of A,B,C,D) worth Rs 30000 in the first phase. This is a very little and an easy target that can be completed even by purchasing insurance products for self, family or friends. After this, in the next six months,the agent needs to introduce 4 agents in his down line. Every agent who works as per company policy and completes 7 years,the company pays him huge benefits as per the table below.. 4 .Each agent gets promotion after every six months, and on each promotion, the company deposits Rs 50000 in GHF (Golden Handsahe Fund) that the agent gets on his retirement that starts after 7 years of business and completing the target.. 5 .Periodically seniors also give gifts to the agents who achieve the specified targets.. Rank Salary Rank Prize Commission Total Income 01 0 0 2400 2400 02 300*6 0 3000 4800 03 400*6 0 4800 7200 04 1000*6 30000 14400 50400 05 1800*6 30000 38400 79200 06 2000*6 25000+30000 0.5% 57000+commission 07 2500*6 25000+30000 0.5% 70000+commission 08 3000*6 25000+60000 0.5% 103000+commission 09 3500*6 25000 0.5% 46000+commission 10 4000*6 25000 0.5% 49000+commission 11 4500*6 25000 0.5% 52000+commission 12 5000*6 50000 0.5% 80000+commission 13 5500*6 50000 0.5% 83000+commission 14 6000*6 50000 0.5% 86000+commission First Retirement after 7 years of Joining Rs 700000 Cash Maruti Car (Minimum Price Rs 300000) Pension Rs 400000 monthly for next 7 years Rs 165000 every six months for attending meeting Second Retirement after 14 years of Joining Rs 1400000 Cash Maruti Car (Minimum Price Rs 800000) Pension Rs 1000000 monthly for next 7 years Third Retirement after 21 years of Joining Rs 2100000 Cash Maruti Car (Minimum Price Rs 1200000) Pension Rs 550000 monthly for next 10 years Above income depends on total collection of your down line, assuming 4 agents approval and 30000 collection for each agent.Your income may be more or less depending upon your down line performance. Please note that the company may change the plan as and when needed.