STAR and Incentive

The full form of STAR is....

• Sales Team Appriciation and Reward

• Sales Team Appraisal and Review

• Sales Team Appraisal and Reward

• None of the above

STAR will help you to ......

• Know if you are meeting the defined performance standard

• ) Know your performance rating on a regular basis

• Take corrective action at the appropriate time

• Know how to get a salary increament or get a promotion

• All of the above

Which of the following options is true with regards to the annual STAR rating and its outcomes?

• *Rating 1,2 - PIP

  *Rating 3,4 - Increment

  *Rating 5, 5P - Promotion and Increment

• *Rating 1,2 - EXIT

  *Rating 3,4 - Increment

  *Rating 5, 5P - Promotion and Increment

• *Rating 1 - EXIT

  *Rating 2 -PIP

  *Rating 3,4, 5 - Increment

  *Rating 5P - Promotion and Increment

• None of the above

Please state the below statement is True or False. An Individual is eligible for promotion twice a year and increment will happen only once

• True

• False

There are two STAR Appraisal cycles, March appraisal cycle and October appraisal cycle

• True

• False

Acheiving >130% of the 12 month target is rated as 5P

• True

• False

What is the maximum amount that an FLS can earn through Spot closure in a month?

• 2000

• 3000

• 4000

• 5000

. How much Bonus an FLS will earn if he activates more than 8 SPs mapped to him/her with >=3 month Vintage?

• 11500

• 10500

• 9500

• 8500

. State True or False. "If the FLS does business with a SP of 0-3 Months Vintage with >= 75

K for VRM, COP, Prime & >= 25 K for VST & VIRM, then he will be

rewarded Rs 500 per Activation of SP and if the FLS does business

with a YTD HLIC inactive SP, then he will be rewarded Rs 500 per

Activation"

• True

• False

An FLS has done a savings plan of 2.5L half yearly premium, how much credit will he get if the policy is issued within T+8 Days.

• 5L

• 2.5L

• 6L

• 3L