June 4, 2025
Dear Sherus,
We are thrilled to announce the launch of a brand new incentive scheme, Insurance Sales Incentive Plan 2025, for the life insurance business of Mirae Asset Sharekhan (MASK). Designed to reward your hard work and fuel your success in the newest business segment of MASK, the incentive plan will be implemented with effect from April 12, 2025.
Life insurance is not just an essential product, it also opens doors for our customers to explore fresh investment opportunities while providing financial security against life’s uncertainties. By participating in this incentive scheme, you'll be able to offer better services to our clients and also earn exciting incentives. So, get ready to join the plan and make the most of this fantastic opportunity.
Who’s eligible?
- Branch Network: Business Development (BD) Relationship Managers (RMs), Equity RMs1, Wealth RMs, other individual contributors, BD Team Leaders, Investment Counsellors (ICs), and Branch Managers (BMs)
- Sharekhan One team: RMs, Team Leaders, ICs, and City Heads
- Business Partner Group team: Regional Franchisee Managers (RFMs), Regional Advisory Managers (RAMs), Service Relationship Managers (SRMs), Group Advisory Managers, and Group Acquisition Managers
Here’s how you can earn big rewards.
Branch Network incentives
| Role | Incentive % of net weighted premium |
| RM1/any individual contributor | 5.00% |
| BD Team Leader | 0.50% |
| IC | 0.50% |
| BM2 | 1.00% |
1Equity RMs will be eligible for incentives sourced from the customers who are not mapped to the BD RMs and Wealth RMs.
2BM eligibility: Rs.5 lakh WRP in a quarter and three life insurance policies
Sharekhan One team incentives
| Role | Incentive % of net weighted premium |
| RM | 5.00% |
| Team Leader | 0.50% |
| IC | 0.50% |
| City Head3 | 1.00% |
3City Head eligibility: Rs.5 lakh WRP in a quarter and three life insurance policies
Business Partner Group team incentives
| Role | Incentive % of net weighted premium |
| RFM RAM SRM |
1.50% |
| Group Advisory Manager4 Group Acquisition Manager4 |
0.50% |
4Group Advisory Manager and Group Acquisition Manager eligibility: Rs.5 lakh WRP in a quarter and three life insurance policies
Your earning potential We will explain your earning potential with an example. Let’s say an RM generates Rs.10 lakh in weighted premium in a quarter. Then the incentive will be 5% of Rs.10,00,000! That is Rs.50,000! And this is just for one quarter, imagine the possibilities when you perform consistently! |
This incentive plan will ensure that every effort is recognised. It is simple, fair, and rewarding! Please note, the incentive plan will be reviewed regularly, starting from the end of June 2025. The MASK management reserves the right to modify the plan with due notice.
Click here to view detailed terms and conditions of the new incentive plan.
Let’s gear up, collaborate, and turn every premium into a winning opportunity!
Cheers to winning together!
Thank you.
Best regards,
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| Dr Parminder Varma CBO MASK |
| Published by Team Internal Communications | |
| This newsletter is for internal circulation only. It may not be published, reproduced or quoted in part or in whole, nor may it be published on social media without prior consent. The content is strictly copyright and reproduction of the whole or part of it in any form is prohibited without written permission from the Internal Communications department of Sharekhan. | |
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