I – Monthly Rewarding
- Top 3 agents with the most number of policies that enrolled in BPI-DD for the month will each get PHP 5,000 cash incentive. Count of policies enrolled per agent will be reset every month.
- Basis for rewarding will be policy count based on policies with the agent as the listed servicing agent by the end of each month.
- Winners will be extracted and qualified by Pru Life UK. Awarding of the cash incentive will be through the Agency Rewards and Incentives Team.
II – Agent Qualification
Agents or agency leaders (on personal production) must have 85% personal persistency in order to qualify. This will be based on the persistency on the latest month of the applicable campaign period.
A personal consistency of below 85% or 0% will be considered for the incentive provided that:
a. This is due to zero personal production or sales of single premium / A&H products alone or a decrease in personal productions; AND
b. The agent or agency leader has no lapsed first year policy or a first-year policy that is under unit cancellation during the corresponding study period.
c. Agency leaders need not validate their team persistency requirement as they are participating in this campaign as personal producers.
On qualitative criteria:
Sales disciplinary sanctions such as suspension of the right to sell license carries a prescriptive period beginning on the first day of the suspension period. Said prescriptive period is equivalent to the length of the suspension period. Within such period, the agency member will not qualify for campaigns, contests, recognition, incentives and/or trips. The prescriptive period will affect all campaigns where the campaign period ends.
Agents who have been alleged to have committed malpractice cases and where the case is still undergoing evaluation may still qualify to contests on the presumption of innocence until proven otherwise.
The prescriptive period will apply notwithstanding an appeal filed by the agency member contesting the case decision, resolution, or sanction.
Agents who are serving their suspension period during the period of the campaign where they qualified are not entitled to receive the reward during the period of their suspension.
On appointment status:
The campaign is limited to agents with valid agency appointments every end of reward period (monthly or quarterly). Any winner whose agency appointment becomes invalid at the time of the contest settlement will forfeit his contest qualification.