GTFS Multi Services Limited
- Golden Trust Financial Services established by Shri Bhavesh Majumdar on 1st November 1995 under Companies Registration Act 1956.
- Registered with IRDA as Corporate Agent in 2000
- Established as Public Ltd Company on 8th March 2005
- Board of Directors
- Shri Deepak Rudra IAS (Retd.)( Chairman)- Ex CMD of UCO Bank
- Dr. Sen Gupta- Ex- Chairman General Insurance Corporation of India
- Shri G N Vajpayee- Ex- Chairman LIC and SEBI
- Shri. Sunil Shastri, Ex- Cabinet Minister, UP, Ex- MP
- Shri Vasudev Sen, Ex- Director, UTI
- Shri Nitish Sengupta IAS (Retd.)- Ex- Finance Secretary, Government of India
- Shri Kumud Bhattacharya
- Shri Nikhil Mohan
- Shri Bhavesh Majumdar, Managing Director, GTFS
- Commission ( overriding commission)
- Salary
- Prize ( Two wheeler, Four Wheeler, Foreign Trip, etc)
- Gift ( briefcase, Mobile and many other items)
- Development Allowance (Rs 25000 every six months from C-IV to C-IX, Rs 50,000 C- X to C- XII, Rs 75000 from Chief CO-I to Chief CO – XIII Rs 1.00 lakh from Chief CO-15 to 27)
- Retirement- Rs 7 lakh after 7 years, Rs 14 lakh after 14 years and Rs 21 lakh after 21 years
- Pension of Rs 25000 to Rs 3 lakh per month after 7 years
- L IC Of India
- Bajaj Allianz
- Reliance Insurance
- Future Generali
- Max New York
- Reliance General Insurance
- Star Health
- Reliance Mutual Fund, Systematic Investment Plan(SIP)
- Om Kotak Mutual fund
- What one aims for in life?
- How can I get it?
- What I need to do?
- After that…?
- Is that so…? It seems to be very simple…!
- How many Junior Coordinators I have to motivate?
- Company- GTFS for the products that are available and newly introduced by the company
- Seniors- to get proper knowledge about the career, training about insurance products and selling techniques
- People – to promote and sell the product ( insurance and other products of the company)
Collection (in Rs)
|
Amount of incentive per month (for six months)
|
30000
|
300 per month
|
250000
|
2500 per month
|
500000
|
5000 per month
|
No of Jr Coordinators promoted
|
Incentive @ Rs100 PER MONTH
|
5
|
500
|
10
|
1000
|
20
|
2000
|
50
|
5000
|
S. No
|
Rank
|
Collection
|
Team members
|
% commission
|
Commission amount
|
Development incentive
|
Salary
|
Total
|
|
1
|
Jr. Coord
|
30000
|
1
|
8.00
|
3000
|
||||
2
|
Coordinator
|
120000
|
4
|
2.50
|
3000
|
300×6
|
1800
|
||
3
|
Coordinator-I
|
300000
|
10
|
1.00
|
3000
|
400×6
|
2400
|
||
4
|
Coordinator-II
|
600000
|
20
|
0.75
|
4500
|
800×6
|
4800
|
||
5
|
Coordinator III
|
750000
|
25
|
0.50
|
3750
|
1200×6
|
7200
|
||
6
|
Coordinator IV
|
930000
|
31
|
0.50
|
4650
|
25000
|
2000×6
|
12000
|
|
7
|
Coordinator V
|
1830000
|
61
|
0.50
|
9150
|
25000
|
2500×6
|
15000
|
|
8
|
Coordinator VI
|
3660000
|
122
|
0.50
|
18300
|
25000
|
3000×6
|
18000
|
|
|
Coordinator VII
|
6090000
|
203
|
0.50
|
30450
|
25000
|
3500×6
|
21000
|
|
|
Coordinator VIII
|
9120000
|
304
|
0.50
|
45500
|
25000
|
4000×6
|
24000
|
|
|
Coordinator IX
|
13800000
|
460
|
0.50
|
69000
|
25000
|
4500×6
|
27000
|
|
|
Coordinator X
|
18000000
|
600
|
0.50
|
90000
|
50000
|
5000×6
|
30000
|
|
|
Coordinator XI
|
21600000
|
720
|
0.50
|
108000
|
50000
|
5500×6
|
33000
|
|
|
Coordinator XII
|
31500000
|
1050
|
0.50
|
157500
|
50000
|
6000×6
|
36000
|
|
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|
<!–[if supportFields]> =SUM(ABOVE) <![endif]–>300000<!–[if supportFields]><![endif]–>
|
2,32,200
|
1082000
|
Minimum quota/target to be achieved for promotion to next stage
S. No.
|
Level
|
Collection
|
No of minimum promotions in down line
|
1
|
Jr. Coordinator
|
30000
|
|
2
|
Coordinator
|
60000
|
4 Jr coordinators to Coord.
|
3
|
Coordinator-I
|
75000
|
3 Coordinators to C I
|
4
|
Coordinator-II
|
150000
|
|
5
|
Coordinator III
|
337500
|
|
6
|
Coordinator IV
|
749250
|
|
7
|
Coordinator V
|
1498500
|
|
8
|
Coordinator VI
|
2502495
|
|
9
|
Coordinator VII
|
4254242
|
|
10
|
Coordinator VIII
|
7019498
|
|
11
|
Coordinator IX
|
10037882
|
|
12
|
Coordinator X
|
12547353
|
|
13
|
Coordinator XI
|
15026824
|
|
14
|
Coordinator XII
|
20025576
|
|
- This graph is only an illustration of having four persons join at each level during seven years. You have a down line of 67108864 members.
Table No
|
Name of the policy
|
Min./Max Age at entry
|
Minimum Amount of Investment
|
Details of plan
|
14
|
Endowment
|
18-50
|
Simple benefit of risk cover and assurance.
|
|
88
|
Jeevan Mitra( Double Cover)
|
–do–
|
Double benefit of the sum assured in case of death and triple benefit on accidental death.
|
|
89
|
Jeevan Saathi
|
20-50
|
One policy for Husband And wife.
|
|
91
|
New Jana Raksha Plan
|
18-50
|
For people who do not have regular income.
|
|
149
|
Jeevan Anand
|
18-50(for 16 yrs term)
18-49(21 yrs)
|
One sum assured at the end of maturity period and another after death of insured to the family
|
|
165
|
Jeevan Saral(ATM)
|
18-49
|
Any time withdrawal after 10 years of the plan without any loss.( are turn of 250 times on monthly investment) minimum investment Rs 3002 per year and return Rs 62500
|
|
168
|
Jeevan Anurag
|
20-50(16yrs)
20-49(21yrs)
|
(money back after 13yrs(20%),14(20%) 15(20%),16(40%)+bonus(for 16yr.policy)18,19,20,21(for 21 yrs policy)
|
|
178
|
Jeevan Tarang (Pension)
|
18-50
|
Vested bonus at the end of maturity period and 5.5% per annum of the sum assured for rest of life as pension
|
- Reliance Cash flow Policy
- Reliance Super five Plus Policy
- Reliance Cash Flow Policy. Very attractive policy suitable for all ages (entry at age 18 to 48). Easy liquidity-Get periodic cash flows. Minimum sum assured Rs 1.00 lakh maximum 2.00 lakh. Cash back after 4 yrs, 7 yrs, 10, yrs, 13 yrs, 16 yrs(@ 20% of the sum assured) also available for 22 yrs.( approximate premium for 16 years for Rs 1 lakh would be approximately Rs 9000 and Rs 7000 for 22 year policy .Pl. see table for exact amount)
- Reliance Super five Plus Policy:- a ten/fifteen year policy where you can pay premium for only five years or pay for full term of 10 or 15 years. Minimum sum Assured Rs 30,000 Maximum Rs 2.00 lakh. Age at entry 18-48 yrs. .( approximate premium for 10 years for Rs 30000 would be approximately Rs 8000 and Rs 26 000 for Rs 1 lakh policy, Rs 53000 for Rs 2 lakh policy. Pl. see table for exact amount)
- Systematic Investment Plan (SIP) monthly investment of Rs 500,1000 or more (one time Service Tax of Rs 900 on SIP of Rs 500 per month ) And Rs 1800(on saving of Rs 1000) only once during the entire term of 10 years, to be collected in cash) along with copies of ID proof, Pan No, Cheque for the amount of investment for ECS debit on future collection.. Can be withdrawn after one year of subscription without any deduction.( this can be sold only to people with Bank Account in their name for facilitating ECS transfer)
Sum Assured
|
Amount Payable
|
1 lakh
|
Rs 216
|
2 lakh
|
Rs 381
|
3 lakh
|
Rs 547
|
¯Benefits of Joining GTFS.
- No investment (only Rs 650 for registration and forms)
- No pre qualification needed
- No experience needed
- Chance to help yourself and others
- No fixed working hours, work part time, full time at your own convenience (be your own boss).
- Suitable for unemployed, employed, working women, homemakers, students above 18 years of age.
- Selling Life Insurance and General Insurance(Personal Accident Insurance), Medi-claim, non-banking products(Mutual funds) recognised by Government of India(IRDA and RBI) recognised companies involving zero risk
- What you get on joining GTFS ?
- Commission ( overriding commission)
- Salary, conveyance, incentives, awards, rewards, etc
- One lakh free insurance (Personal Accident policy) till you work with GTFS.
- Two wheelers( Motorcycle) Four wheelers (3 cars with a value of Rs 3 lakh, Rs 6 lakh and Rs 8 lakh in entire career)
- Travel by Rail, Air (in AC class) within the country and abroad
- Prize (wrist watch, suit length, mobile, Two wheeler, Four Wheeler, local tour, Foreign Trip, etc)
- Gift (cash awards, VIP briefcase, Mobile, Laptop and many other items)
- Development Allowance (Rs 25000 every six months from C-IV to C-IX, Rs 50,000 C- X to C- XII, Rs 75000 from Chief CO-I to Chief CO – XIII, Rs 1 lakh from CO XIV to XXI)
- Assured Retirement Benefits – Rs 7 lakh after 7 years, Rs 14 lakh after 14 years, and Rs 21 lakh after 21 years. Total benefits of approximately Rs 5 crore in 21 years in addition to salary, commission, prize, gifts, etc.
- Assured Pension of Rs 25000 to Rs 3 lakh per month after 7 years based on your network and collection at each stage by your team.
- Company- GTFS for the products that are available and newly introduced by the company
- Seniors- to get proper knowledge about the career, training about insurance products and selling techniques
- People – to promote and sell the product ( insurance and other products of the company)
Rank
|
TARGET AMOUNT
|
||||
FOUR WHEELER(Rs 2 LAKH)
|
TWO WHEELER(VALUE Rs 50000)
|
TWO WHEELER(VALUE Rs 30000)
|
Cash award Rs 7000
|
Cash award Rs 5000
|
|
Jr. Coordinator
|
Rs 40 lakh
|
20 lakh
|
10 lakh
|
5 lakh
|
2 lakh
|
Coordinator
|
50 lakh
|
25 lakh
|
15 lakh
|
7.50 lakh
|
4 lakh
|
Coordinator- I
|
100 lakh
|
50 lakh
|
20 lakh
|
||
Coordinator-II
|
150 lakh
|
75 lakh
|
30 lakh
|
||
Coordinator-III
|
200 lakh
|
100 lakh
|
40 lakh
|
||
Coordinator-IV
|
250 lakh
|
125 lakh
|
50 lakh
|
||
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