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Commission

We have Eight ways of income, in which we reward our LBOs.

  1. Spot Sales Incentives: This is onetime income is paid to the sponsor for direct referrals
  2. Speed Sales Incentive: This is a Weekly income, and the commission is credited into your E-wallet every Friday at 00:00midnight.
  3. Distributor Margin: This income, can be earned anytime, you sell a product to a customer at MRP.
  4. Profit Team Bonus: This is a weekly income, and the commission is credited into your E-Wallet on every Friday at 00.00 midnight.
  5. Uni-level Sales Incentive: This is also a weekly income, and the commission is credited into your E-Wallet on every Friday at 00.00 midnight.
  6. Leadership Incentive: This is monthly income, and the eligibility amount will be transferred to your E-wallet.
  7. Big Boss Reward: Check our Marketing Module in LBO desktop.
  8. Crorepati Reward: Check our Marketing Module in LBO desktop.

Commission will be paid into your E-wallet every Saturday. You can send us a Withdrawal Request from your Business Desktop. The commission is transferred onto your bank account every Tuesday.

In Profit Team Incentive Earn 10% Bonus on CV Volume generated by Shopping in your Profit [Weak] Leg.

Profit Team Bonus has an overall capping of Rs. 2 Lakhs. This bonus is paid weekly with closing every Friday at 23.59 hours.

Uni-level Sales Incentive is generation income paying as a percentage on the Business Volume of yourself & Direct Team. This bonus is credited to E-Wallet after every week Cycle closing

Lifeis verifies bank account details of each and every LBO, which needs approval from Admin to get updated. To update your bank account details, follow the steps mentioned below:

Lifeis verifies bank account details of each and every LBO, which needs approval from Admin to get updated. To update your bank account details, follow the steps mentioned below:

  1. Login to your Lifeis account.
  2. Under -Profile Tool-section and click-My Profile-Click on –Edit-next to Bank Information.
  3. Fill in the details that are your bank name, account number, branch name, and IFSC code. Also, make sure that your PAN number is updated correctly.
  4. Once you submit the changes, it will come to admin to validate and verify your changes.
  5. Changes will be approved/rejected by admin within 24 working hours*.

*If changes are not updated in your profile, please check your inbox to know the reason for rejection. Re-submit the request after making relevant changes.

No, you need to update your own bank account details ONLY. Also, the same will be verified by the admin. If the account information is found to be someone else’s, then the change request will be rejected.

All commissions will be transferred to each LBO’s E-wallet after every cycle. To transfer E-wallet money to your bank account you need to raise a withdrawal request from the E-wallet. Every week, all withdrawal requests received till Mon night will be processed every Tuesday.

E-wallet: Commission Transfer

E-Wallet is a virtual wallet that you can use to pay for buying PINs and products. You can buy PINs, do shopping or request withdrawal of money to be paid to your bank account from your E-wallet.

No, this is not allowed as per bank regulations.

Yes, you can purchase a PIN using E- wallet. This PIN can be used to make new joining.

When you check your e-wallet there will be an option "Click Here for Payment Request" click on that and select withdrawal type NEFT and mention the amount and submit. The process will be done though Company.

Company processes all withdrawal requests every Tuesday morning. Thus, all withdrawal request received by Monday night will be processed for that week on Tuesday. Money will be credited into your bank account by Thursday.

Yes, you can withdraw any amount which is over and above Rs 100.

Yes, company provides a facility for auto withdrawal wherein your balance in E-wallet on every Monday will be processed on Tuesday. Company charges a processing fee of 3% of withdrawal/commission amount for using this facility. Also, minimum withdrawal amount every week should be more than Rs 500 to qualify for auto processing. If the amount is less than Rs 500, it will be carrying forward in E-wallet to next week.

You can check your E-wallet balance at any point by going to ‘Incentives’ tab and clicking on ‘E-wallet balance’.

You can use your e-wallet amount as per mentioned below:

  1. Purchasing joining PINs.
  2. Shopping Lifeis products.
  3. Withdrawal of money to your bank account.
  4. Prepaid Mobile Recharge

Big Boss Rewards

It’s a kind of reward where you will be eligible when you show your efficiency every month, there are 10 kinds of Big Boss Rewards. It depends on your overall team achievement. For further details you can check our Marketing Module Presentation.

Yes, you can encash your reward, through NEFT where we will deduct 10% TDS. If you go for NEFT the reward amount will be sent through NEFT to your Bank Account.

Accounts

As each Business Centre is an independent business, transfer of Business Centre goes through a legal process of ownership transfer. It is similar to when you transfer a property or buy and sell shares in a business. Thus, to enable Business Centre transfers we allow them on a case-by-case basis, based on the merits of the case.

Here is some important information regarding Sale, Transfer, or Assignment of Business Centre:

You may not sell, transfer, or assign your distributor rights to any person or entity without LifeIs` written approval. To obtain approval, the following criteria must be met:

  1. Lifeis must approve the buyer prior to a sale.
  2. You must notify Lifeis corporate offices of your intent to sell or transfer the business. The request must be made in writing with a notarized signature.
  3. No changes in line of sponsorship can result from the sale or transfer.
  4. The buyer or transferee must be (or must become) a qualified Lifeis distributor.
  5. The combining of distributor organizations (downline) is not permitted. If you wish to purchase or receive ownership of another members distributorship, you must first forfeit all rights to any sales organization and sales volume you presently have and assume the position, title, and qualification of the selling distributor.
  6. Before any transfer or sale will be approved, any debt obligations you may have with Lifeis must be satisfied.
  7. No sale shall be final and no change of title of the business shall be made final until approved in writing by Lifeis.
  8. All awards previously awarded to the business will not be transferred to the new owners. Qualification for awards for the business will be determined only by activities occurring after the date of sale.

Business Plan

All the people who are members of our company are termed a Lifeis Business Owners or LBOs.

There are 8 ways of earnings:

  1. Spot Sales Incentives
  2. Speed Sales Incentive
  3. Distributor Margin
  4. Profit Team Bonus
  5. Uni-level Sales Incentive
  6. Leadership Incentive
  7. Big-Boss Rewards
  8. Crorepati Rewards

Profit Team Bonus is calculated every week with closing on Friday at 23:59 hours.

Spot Sales and Speed Sales Incentive will be calculated daily and credited to your E-wallet. Profit Team Bonus and Uni-level Sales Incentive will be calculated weekly with Friday closing and will be credited to your E-wallet every Saturday.

All commissions are paid by direct credit to your E-wallet daily.

Enrolments

Please call our customer support or send us your detailed query on contact@lifeisspeed.com or Mobile/WhatsApp: +91 7400031023.

Organization

Lifeis genesis happened in the year 2009, when the idea was born. This was originated to tap the immense potential of India’s rising middle class demands and aspirations; and to fill in existing gap in the Indian Direct Selling industry. The company started its operations in India in May 2010. The company currently has its headquarter in Mumbai, Maharashtra. It has its branch offices in the states of Manipur, Arunachal Pradesh, Nagaland etc.

The company is registered under the Companies Act, 2013 in the state of Maharashtra, with the Registrar of Companies- India, a government of India undertaking with registration No. U52609MH2019PTC324584. (The same can be verified through www.mca.gov.in). The company’s PAN No. AADCL9113H has been issued by Income Tax department. The company has also completed the GST registration, and ISO9001:2015 certifications which clearly shows our legal standings.

No, there is no government body to regulate direct marketing industries as of now. However, the company is a registered member of the "Confederation of Indian Industries", "Small & Medium Business Development Chamber of India" and is a certified ISO 9001:2015 Company as per the UKAS standard of U.K.

There is no state-wise registration required to do business in any part of country, as the company has registered with the Central Government. The company has also followed and fulfilled all the state statutory requirements to carry on its business in different states to open pick-up centres and franchises.

Payments

There are three bank account, you can deposit in any of these bank accounts:

ICICI BANK

Company Name: Lifeis Speed Pvt. Ltd.

Account No: 122105000509

IFSC Code: ICIC0001221

Branch Name: Malad, Link Road, Mumbai, Maharashtra

For ICICI Bank: You have to fill the normal deposit slip available at all branches. Please mention your LBO id on the slip. Request the cashier to mention your LBO id instead of ’By Cash’ in bank records for the deposit. Above process is necessary for getting fast PIN approval.

You can call our customer support number Mobile/WhatsApp: +91 7400031023. (Monday to Saturday during business hours 10:00am to 6:00pm) or emails us with all the details at contact@lifeisspeed.com.

Yes, you can deposit in any of the branch across India for above three banks.

No, we don’t charge anything to the customer for any kind of deposits.

Products

The company offers free home delivery anywhere in India for all our joining products. For shopping products, there is a nominal charge of Rs. 100/-, and your products will be at your doorstep. The company has tied up with leading courier companies and Speed Post, to ensure Speedy delivery of your products at all times, to each and every location.

Yes, you can purchase products as well as make new enrolments at the various franchise locations across India.

We will be soon launching more Nutrition & Healthcare, Personal Care, best range of Apparels, FMCG and many more products. Complete product details on new products would be communicated on our website and also will be emailed to our registered LBOs. We request our registered and future LBOs to provide us with their valid email IDs and mobile phone numbers, so that communication from Lifeis reaches you on time.

Please call our customer support number Mobile/WhatsApp: +91 7400031023 (Monday to Saturday during business hours 10:00am to 6:00pm) or email us at contact@lifeisspeed.com giving all the details. Our customer support team will assist you.

We employ services of one of India’s largest warehousing services providers, who pick and pack the right product as per the order details confirmation sent by us to them.

In case the packet is received in visibly damaged condition, you may refuse the delivery of the packet, without opening the packet, and complete the necessary documentation with the respective courier company. You are also advised to call our customer support number Mobile/WhatsApp: +91 7400031023 (Monday to Saturday during business hours 10:00am to 6:00pm) or email us at contact@lifeisspeed.com giving all the details.

In case you have received the delivery, but find the product to be defective or damaged, the company should be notified in writing, latest within 2 calendar days of the date of delivery, by email to our official email id contact@lifeisspeed.com. Please arrange to return the goods to the company’s registered office giving the reference of your email at your cost. If your complaint is found to be genuine, the company shall arrange to send you a replacement product without any additional costs and also credit your account with the delivery cost that you incurred while returning the product.

We ensure the product to be delivered within 15 working days for most of our products. But, due to high demand for some of our popular products and far-fetched serviceable areas, the delivery time may be slightly more in few cases. If there is any delay, you can call our customer support number Mobile/WhatsApp: +91 7400031023 (Monday to Saturday during business hours 10:00am to 6:00pm) or write to us at contact@lifeisspeed.com and we would give you the tracking details for the order. a. Delivery at Serviceable locations will be done within 15 days of your order dispatch b. ODA (Out of Delivery Area) locations will be send by India Post and may take more than 15 days.

We would mail the products at the shipment address mentioned by you at the time of placing your order. Our systems are robust and we don’t expect delivery at wrong address. If you still faced a problem of wrong delivery, then please email us on contact@lifeisspeed.com. We will then trace the delivered product with delivery acknowledgement and rectify the error (if any).

If you are not satisfied with our product quality, you have the right to return the product and claim a refund and for any assistance can email us on conatct@lifeisspeed.com by giving all the details.

The process of delivery of your product starts only after your payment has been realized by Company. The Lifeis Business Owners (LBOs) can monitor the status of its payment as well as the status of its delivery from LIW’s website www.lifeisspeed.com under "My Orders" → "My orders".

The company has franchises and pickup centres spread across various locations in India. Orders can be created, paid and products can be picked from these locations.

When you receive the consignment, you must put your LifeIs Business Owner number, your registered mobile number and your signature on the receipt document of the respective courier service provider. Also, check that your product is received in good condition.

For any Defect and Damage in products please contact our CRM Department immediately to resolve matter timely.

The payment you have made for your order already includes the Value Added Tax as well as the delivery costs. However, depending on your location there could be Octroi or Road Tax that may be applicable, which shall be collected by the delivery courier at the time of delivery. You should make the payment of the same, if applicable, and obtain a receipt from the delivery courier. You should not make payment for any other charges. In case the payment of Octroi or Road Tax is applicable but not paid, the delivery courier shall refuse delivery and return the package to the company. The company shall debit the costs of return delivery and the Octroi / Road tax to your account.

If our FAQs do not help to address your problem, kindly feel free to write to us at contact@lifeisspeed.com or call our customer support number Mobile/WhatsApp: +91 7400031023 (Monday to Saturday during business hours 10:00am to 6:00pm) giving all the details.

Yes, commission working will be calculated on the basis of money received and dispatches. If order returns /or is cancelled then Commission paid on such sales would be adjusted against any future commission payable.

If a product is out of stock, you will be intimated of the same at the time of placing an order and order won’t be accepted. If any case is reported then refund will be in the same form as the payment is made. For credit cards it would be credited back to credit card account. For Net-banking it would be credited back to bank account from which it was paid. For Cash/ DD payments it would be credited to bank account registered with us.

PIN: Request, Approval and Usage

PIN is secret code which is a combination of card number and pin number used to make login for your downline. Card number is a number associated with each Pin number used to uniquely identify a Pin number. Pin number is a case-sensitive alpha-numeric combination code.

Every Pin number has an associated card number which is used as a reference to identify a Pin number. This is to be used in all communication with the company with reference to your PIN no. Your PIN no. is confidential and is also not known to any executive in the company. So, always use the Card no. to make any queries on your PIN.

No, PIN number is a confidential information and only visible to you. When you login to your Lifeis account and enter your transaction password you can see your Valid PINs under PINs menu section. You should never disclose your PIN number to anyone and to find out any information regarding your PIN, tell your card number associated with that PIN

Transaction password is additional security control which is used to protect your confidential information like bank account withdrawal requests, Valid PINs etc. You can create or change your transaction password anytime by going to ‘Profile Tools’ tab and clicking on ‘Transaction Password’. Here, you can create or change your transaction password.

Please follow the steps mentioned below:

  1. Login to your Lifeis account.
  2. Go to ‘Request PINs’ menu
  3. Then, Click on ‘Pin Request’
  4. PIN Request from will open. Here, you can fill in the number of PINs required for different types of joining packages.

    (E.g. if you have 5 downlines, two of which want to join with joining package 1 and three of them want to join with joining package 4. Then, you fill quantity as 2 in front of joining package 1 and quantity 3 in front of joining package 4. After filling in the required quantity you have to click on ‘Preview’.

  5. You can select the payment mode by which you want to pay for the PINs.
  6. Enter the Bank Details and deposit information. Please ensure that you fill in the correct bank account details where you are making the bank deposit.
  7. Click on ‘Preview’.
  8. Full PIN request details come for your review. If everything is correct, then you can click on ‘Submit’ and your PIN request is complete.

Yes, you can change by going into ‘Request PINs’ menu and clicking on Pending PINs. Here, you can click on the bank name to edit bank details. But you can’t change the quantity of PIN and amount once a PIN is requested.

Please follow the steps mentioned below:

  1. Please Login to your Lifeis account.
  2. Click on Request PIN.
  3. There you can click on Approved PIN.

Here you will see the list of all approved PIN requests

  1. Your approved PINs can be seen from your account by going to ‘Pins Menu’ tab and clicking on ‘Valid Pins’.
  2. You will be asked for your transaction password.
  3. Once you fill in your transaction password you can view a list of all your approved PINs which are not used.
  4. You can now click on any of the Valid PINs which will immediately take you to the member registration page and fill in the PIN details automatically. You can fill in the Sponsor and Upline details and make member registration with this PIN.

You can use it while enrolling new LBO’s.

  1. Login to your Lifeis account. BY login to Genealogy tab and clicking on ‘Tree View’, you can choose the placement.
  2. Click on Join Now.
  3. There you can enter your Card number and PIN numbers.
  4. Once PIN verification is done you can fill the Application Form and enrol the LBO.

Yes, you can transfer your PIN to any other LBO. The following are the steps:

  1. Login to your Lifeis account.
  2. Under PIN Menu tab click on ‘PINs Transfer’.
  3. Enter your Transaction Password and click on submit.
  4. Enter the LBO ID to whom you want to transfer the PIN and press Tab key.Then, confirm that LBO name is coming correctly below the LBO ID.
  5. Once you confirm the LBO ID and name, click on Submit and your PIN will be transferred.

No, PIN is required only for joining member. Once you join, you can do normal shopping from the website by clicking Shopping menu and adding product you want to buy in your Shopping cart. You can pay for shopping by E-wallet, Cash deposit in bank, Draft, Net-banking or Credit/ Debit card.

We have two type of Joining PINs:

  1. Regular Package Half PINs for Single ID Joining.
  2. Regular Package Full PINs for Single ID Joining.

You need to call and inform us after you deposit the amount so that the remaining amount will be added to your e-wallet.

Repurchase vouchers is a kind of vouchers where you can use it for your shopping purpose, for voucher 10% will be deducted from your Speed Sales Incentive Income, which has One Year Validity. While doing shopping you can select your vouchers and do your shopping.

No, you cannot transfer your repurchase vouchers to others. You are supposed to use it for yourself only.

FAQ