Through the ‘Direct Incentive Disbursement’ feature, agents will be able to seamlessly receive the transfer of their commissions from the previous month directly to their Post Office Savings Bank Accounts.
Postal Life Insurance (PLI), has initiated the ‘Direct Incentive Disbursement’ for its sales force in the Delhi and Uttarakhand circles on Monday. The insurance sector player has taken the step in order to benefit its sales staff — who are the driving force behind the department’s growth.
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Alongwith this, PLI has unveiled major changes to its agent incentive program. Through the ‘Direct Incentive Disbursement’ feature, agents will be able to seamlessly receive the transfer of their commissions from the previous month directly to their Post Office Savings Bank (POSB) Accounts.
PLI said the initiative will impact around two lakh sales force members across the nation, including Gramin Dak Sevaks, Direct Agents, Field Officers, and Departmental Employees. The insurer added that with secure and instantaneous fund transfers, the process would eradicate delays and the need for physical checks.
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Direct Incentive Disbursement: Key highlights of pilot program
-Swift and Secure Transactions: PLI’s sales staff will receive incentives directly in their POSB accounts.
– Convenience and Motivation: The sales team can conveniently manage their funds, and immediate rewards will help drive optimal performance.
– Simplified Administration: Automated payouts will reduce administrative costs, enabling a greater focus on delivering client service.
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In an official release, PLI called it sales staff “the cornerstone of its success” and the driving force behind the department’s accomplishments. It stated that its sales team’s dedication has enhanced its ability to acquire and retain clients, and called them indispensable brand ambassadors. It further added that its agents consistently contribute to the growth of revenue by delivering personalised services and cultivating strong client relationships.
PLI has operated in the insurance sector since 1884.
