State Life Launches Fast Track Promotion & Direct Induction Scheme for Sales Managers-Notification

STATE LIFE INSURANCE CORPORATION OF PAKISTAN

All Zonal Heads (IL) State Life

SUB: DIRECT INDUCTION AS SALES MANAGER ON ACADEMIC QUALIFICATION & FAST TRACK PROMOTION SCHEME FOR FIELD FORCE

In addition to a regular promotion scheme for field force already in place, Marketing Division on the intense desire of hard working field force have introduced Fast Track Promotion Scheme & Direct Induction as Sales Manager on academic qualification with some working experience on the following terms and conditions:

(A)       Direct Induction as Sales Manager basis on Graduation Degree:

Candidates with a graduation degree and a minimum of two years of experience in Sales & Marketing from recognized sectors such as banks, media, or FMCG can apply. They must also recruit at least four willing Sales Representatives (SRs) and submit fresh proposals for each SR, along with an undertaking for full-time work as outlined below

Sr #	Criteria	Requirement
1	Academic Qualification	At least Graduation in any discipline
2	Work  Experience	At least 2 (two) years Sales & Marketing experience from a well repudiated organization like Banks, Media Channels, Advertising Agencies, Pharma, Fast Moving Consumer Goods etc.
3	Associates (SRs)	The person being engaged as Sales Manager will be required to induct with him/her simultaneously at least 4 (Four) willing workers as Sales Representatives
4	Proposal Forms	Each SR should have at least 2 (two) fresh proposals of minimum Rs.30,000/- NFYP in aggregate.
5	Undertaking	Applicant and his incoming associates will submit undertaking _ that they will perform with State Life as a full time worker.

(B)       Fast Track Promotion Scheme on Extra Ordinary Business Performance:

This is for field workers already on roll with State Life with extra ordinary business performance as given below can apply for uplifting to their next higher cadres subject to fulfillment of following conditions:

From SR to SM:

S #	Criteria	Requirements for 2024 and onwards
I	Period of Association as SR	Minimum 90 (Ninety) days as on 31st December of the year
2	FYP	Double (200%)     Annual         FYP       Quota    of         SM Cadre (Rs. 1,600,000/.)
3	2nd Y. Persistency	At least 75% (where applicable)
4	Policies	At least 15 (Fifteen) new Policies on different live (Excluding Table 24 & 25)
5	Recruitment	At least 2 (two) NSRs must be introduced at the time of issuance of SM Code and each SR should have at least 2 (two) fresh Proposals of minimum Rs.30,000/- NFYP in aggregate.
6	Training	FC & MOSC. However, the concerned Zonal Head can allow the Field Worker to complete FC & MOSC within six months after the promotion.

From SM to SSM:

S #	Criteria	Requirements for 2024 and onwards
1	Period of Association as SM	Minimum 90 days as on 31. December of the year
2	FYP	Triple (300%)     Annual              FYP       Quota    of         SSM Cadre (Rs.4,500,000/-)
3	2nd Y. Persistency	At least 75% (where applicable)
4	Associates as SM	At least 2 (two) SRs must qualify for promotion as SM (either through Regular to through Fast Track Promotion) from his/her organization or he/she may induct at least 2 (two) SMs directly from outside State Life in light of Marketing Division’s Circular dated 28th June, 2010.
5	No. of Policies	At least 30 (Thirty) new Policies on different live (Excluding Table 24 & 25)
6	Training	FC & MOSC. However, the concerned Zonal Head can allow the Field Worker to complete FC & MOSC within six months after the promotion.

This scheme is approved by the CEO of State Life and aims to reward hardworking individuals with opportunities for accelerated growth based on both performance and qualifications.

Divisional Head (Marketing)