Trisha makwana 28 November 2024

Branch manager not receive his incentive on notice period

Dear Team

My Self Mitesh Makwana Working in Bajaj Allianz Life insuance Co Limited Since 16th June 2020 I got Opprunity in Other Oraganization hence I submit Rasignation as on 28th Oct 2024

As per compnay Policy Copmnay provide Every Month Incetive on below Gate Critera

1 Branch Manager Month Traget Sould be Complete 100%

2 13th Month Renewal Persistancu % should be 88% and 25th Month Renewal PErsiatncy Should be 80%

3 Product type Traditional Policy % should be minimum 30%

If above Gate Critera Complete that Employee should received his Every Month Incentive After Three month of business done ( Example If Aug 2024 Business Incetice I should receive in Novemebr 2024 Month Salary

Now I need your help that in the month of Aug 2024 I am Active Employee so I must receive my August Month Incetive of RS 155000 in this month November 2024 Salary as i submitted Rasigantion on 28th Oct 2024 and My notice Period of 3 Month

So please guide me on legal point of view

Please find the attachment of Standard Condition

Regards

Mitesh Makwana

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2 Replies

T. Kalaiselvan, Advocate (Advocate) 28 November 2024

If you have not received the incentive so far you may write to the company and ask for it.

If there's no response then you can take legal by first issuing a legal demand notice demanding the same and then file a money recovery suit against the company.

Dr. J C Vashista (Advocate ) 29 November 2024

Request ex-employer to consider your case on its merits and pay you the incentive, which is otherwise, may be (possibly) declined on acceptance of resignation.