ASSOCIATE APPLICATION

Introducer Name

Introducer ID

Application Segment
Select OneBusiness Development AssociateChannel Development AssociateAssociate Business OfficerBusiness Development OfficerUnit Development LeederGroup Development LeederCluster Development ManagerArea Development Manager

Marriage Anniversary Date

Current Occupation
Select OneService in MNCService in Private LimitedService in GovernmentSelf EmployedPartnershipSmall Scale BusinessRetired

If NCFM License Holder, Number In Force Terminated

Date of Birth of Nominee

Date of Birth of Appointee

Education Proof

Branch Address

Other Documents

Upload Selfie

Dear member, this is the system-generated membership application form for registration of your membership with Coverdeed Group and membership code generation after going through your application form and verification to your information provided in with attached related proof, please ensure at the time applying for membership your age should be 20 years completed also considered 80 years age is exit level from membership after membership code gets terminated due to exit, company will not allow using company goodwill for dealing purpose. All your mentioned information in application form and attached verifying supportive documents will be used for internal record of management panel of Coverdeed Group, there would be acceptance or decline of application, there will be more process if application accepted. Agreed

Dear member, the concept of a contribution package for Life & Personal Accidental cover is designed by the company to your loved one a little helping hand in case of death or total permanent disability or any uncertainties during your active membership. Company contributing a package of ₹50,000 as Life cover and ₹50,000 as personal accidental cover. The company will distribute all settlement amounts in case of uncertainty to the registered nominee or appointee, please ensure to fill the nomination accurately at the time of application that the nominee or appointee should be in blood relation or close to blood relation for more clarification check nominee and appointee greed, the appointee is applicable when the registered nominee is minor. The membership code should be active at the time of claim also company need a soft copy of the claim form with all enclosed related documents from the concerned mail ID to the claim department. The claim will be accepted only after 100 days of membership completed in the system. Agreed

I gone through all about company, system, structures and its process through direction of my seniors, Coverdeed Group is the financial, insurance, securities, investment, saving and CSC services providing mediator company, a growing brand name as strong and trustworthy portfolio managing advisory links between listed principal companies, listed services provider broking companies, on part commission appointed associates and customer through direct to customer process, my profile is to serve all listed services and after sales services according to set dealing pattern in respect of government rules and regulations. As an associate I understand that my profile is to go through the process, system and all about company and services and deliver to customer best class service as my level best also if I am applying for grade D2 to L8 then i will care and control my recruited allotted downline team.

I am 20 years age completed and hereby applying for membership, for which I am bearing membership fees ₹100 and with membership GST also same as renewal of membership, I am happy to get Business Support Kit that company has designed Business Support Kit for us to get help in smooth and clear business activities and it is just for ₹1,000 and with stationery GST.

I certify that all information provided by me herein application as part of this is true and correct to the best of my knowledge and I further acknowledge that if any information provided by me or any mention or attested record is found false or wrong also if any of my behaviour hurts the company decorum or system, then the company has rights to take appropriate action including termination of my membership code without any final settlement credit.

I further assure and declare as and when there is any change in the information provided by me, I shall immediately inform to the company on priority base, if I found anything which mismatch with the plan discussion then I have to inform and clear all my doubts within time period, I further agree to keep myself update with respect to any amendment in code and will follow all guideline issued astime to time, if I have any query or doubt about code and policy all I will clear and keep as related conversation confidential.

I gone through whole agreement and fully understand the whole code of conduct and policies. I am accepting the proposal with whole process, system, structure, pattern and criteria as designed and allotted by company as it is, as well as giving assurance to respect any amendment made by company in system and process.

During my membership with company, I will give my business time with honestly, faithfully, diligently and efficiently for business growth also for my personal and professional goals achievement, I am assuring to maintain utmost secrecy in regard to the affairs of the company and shall keep confidentialall information. I understand the rules, instruction, guidelines, login process and all other policies with laws framed by company. I am promising that without accounted permission I will not share any information like photos, logos and all other confidentialtask related to company as it would be considered as an illegal behaviour towards company, I am accepting that, if anything gone wrong with company goodwill due to my any wrong activities will be liable to punishment.

My membership with the company calls for long term relationship and i will devote myself exclusively to the business of the company. I will not take up any work for remuneration because I understand that company has set achievable business revenue and recruitment parameters, also I will get enough time for business promotion activities, this is up to me to manage office reporting time by my own or I may work from own place, I will be on or before time for meeting or any emergency call byprior or immediate intimation by company, I completely understand that my profile is target base working pattern so there are no counting for attendance by days. I understand that company has given me an opportunity to share bonus revenue proportion of earned part commission by direct recruited associates D1 – D2 (current the revenue share proportion is 05%) as well as downline level L1 – L8 (current the revenue share proportion is 05%) as caring them and their targets to achieve their goals and complete all parameters which willbe helpful to reach next level.

I understand as gone through in superior direction, already there are set pattern for whole business system from convincing to closing for listed services direct to users, I just have to follow the same, I am giving authority to terminate my membership as per board decision that if anything goas wrong directly or indirectly with any of related trade or business without any prior information or accounted permission during my membership with the company on the spot without creditingany final settlement.

I understand that as per system there is a set time duration for login case whether it is business or membership login, the fixed duration is 01st to 25th of every month and the time duration is subject to amendment as per company requirement, after 25th all login will be considered for next month login, in duration of 26th to last date of month company will calculate total collected revenue and the part commission accordingly, also I am accepting that there are case to case 10 to 30days TAT between case login and commission credit, net commission pay-outs will be direct to be credited after all slandered and substandard deductions as on or before 10th of month in bank my registered bank account.

I understand that monthly Fixed Pay Out is target base pay-out so there are no counting of attendance for days, fixed pay-outcalculated on collected revenue including level and segment weightage, it is mandatory to achieve minimum 80% or level set target for justification of fixed pay-out. If I fail to achieve minimum 80% of my level set target then I am agreed that company will calculate whole collected revenue as on variable base, also I understand that my fixed pay-out with all other calculated commission will be credited in my registered bank account after all structured taxes, facilities contributions and penalties deductions also I am agreed that company will credit minimum ₹1,000 as net commission.

I gone through commission statement, there are two side in commission statement, commission and deduction, income includes fixed pay-out, business commission, referral commission, incentive bonus (include level cross bonus, contest credit and all other extra earned commission proportion) and total earned gross commission, same on deduction side, TDS (current rate set - 05% will be claimed and settled), PCF deduction (current rate set - 10% will be claimed and settled), also I understand that PCF facility only applicable when the level set target gets 80% completed also it is applicable to L1 to L9 grade and not for D1 or for D2, charity fund deduction(current rate set - 01% as a little contribution for distribution basic amenities like food, clothing and medicine to poor and needy people also arrangement of food and treatment for roadside pets) and other deduction (include advance deduction if any, penalty deduction and all other pending amount with member) if any, after all deduction from gross commission company declare net commission and net commission will be credited in registered bank account. The commission statement will be shared to members through registered E-Mail ID and all other supportive media on monthly base.

I under gone through the information that company has set entry and exit age for being in system, entry age is 20 years and exit age is 80 years, a member can take voluntary exit any time with prior 15 days’ accounted intimation, in any uncertainty company has contributed set package, in case of death or total disability company will contribute a little helping hand to loved once as life cover of ₹50,000 to your registered nominee and if the nominee is minor then it will be handover to registered appointee.

I understand that there are 10 levels grade in system set by company, D1 to L8 to take promotion accordingly also I fully agreed that if I am applying for Business Development Associate (D1) level then my profile will be to close the business deal and i cannot recruit any of associate under me, only level D2 to L8 have authority to recruit associate team also get revenue bonus, after L8 there are company and board decision to give next hierarchy grade, there are already set business and recruitment target as per level, also I understand that for promotion company has set duration for taking promotion to next level.

I understand that company is giving lots of opportunities to earn revenue, make self-identification and create own success story and for reward & recognition program organized by company for promoted level called ATM (Achiever Thrilling Meet) twice in a year. Company calls general get together meeting cum reward and recognition program to appreciate all success stories created by associates from pan India for their dedication and hard & smart work in Coverdeed Group also there would be monthly, quarterly & annual contests for earning great limitless part commissions and rewards.

I am aware about company has appointed an investigation team to investigate fraud activities whether its planned or its by chance permitted by company board compliance panel also with or without any prier notice or intimation to find the links, pattern and people involved in, the objective of the process is to reduce forgery and cancellation of business deal, I also understand and agreed that if i caught in such activities then I will be liable for penalize as per penalty chart or and company will terminate membership code without any full & final settlement.

I am fully agreed and accepting the whole system, process, pattern, structure, code of conduct, rules and policies designed by company.