LIC Welcomes You!!!. Good to Great Goals Dreams Visions.

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LIC Welcomes You!!!

Transcript of LIC Welcomes You!!!. Good to Great Goals Dreams Visions.

LIC Welcomes

You!!!

Goodto

Great

GoalsDreamsVisions

A Dream House

A Dream Car

Own OfficeHigher Education(Self / Children)

World Tour

Plane Travel

Luxurious Life

LifeInsurance

CorporationOf India

13/7 Bomb Blast

None of the Insurance company come ahead and settled the

claims to the Victims family…. Except LIC

LIC has settled death claims within a week.

LIC has won various Awards & Recognitions.

CNBC Awaz Consumer

Award

ET Brand Equity Award for Top

Brand in Insurance Category

Outlook Money Award for Best

Life Insurer

AIMA High Performance

AwardReaders

Digest Trusted Brand

Global Youth Marketing Award

for Most preferred Life Insurance

Company

Power Brand Award

Golden Peacock Award for Corporate

Governance

Shoppers & Consumers

Insight Award

MY FM Stars of Industry Award for Excellence

in Life Insurance

How LIC will help you for your

Growth & Success?

THESE PEOPLE JOIN LIC AS AGENT Ask these people….

Ritu Nanda

Dipti Bhatnagar Abhishek

Bachhan

Ragini Yadav

People from all walks of life are working with LIC

as An Insurance Agent

Doctors Engineers Chartered

Accountants Company

Secretaries Lawyers Celebrities –

Bollywood CEO

Share Broker Estate Agents Businessmen Housewives Students Artists & many

others

Career as An Insurance

Advisor(LIC Agent)

LIC’s Insurance Advisory is the Highest Paid Profession in the World……

Benefits High Paying & Rewarding

Career

Prestigious Profession

Own Business – An Entrepreneur

No Investment

No time restrictions – Freedom (Part / Full Time)

No income limit

To fulfill dreams

Continuous Income

Professional Training

Personality Development Programs

Working with

Big & Best Brand

Retirement Solution

Hereditary Commission

Gratuity

Mediclaim

Term Insurance

Club Membership

Advances for 2 / 4 wheelers

Advances for Computers / Laptops

Home Loans at Subsidies Interest rates

Social Service

Awards & Rewards – Club Membership MDRT (Million Dollar Round Table) – Rs.

7.89 Lacs

COT (Court of the Table) – Rs. 22.8 Lacs

TOT (Top of the Table) – Rs. 45.6 Lacs

TOT

Top of the Table

COT

Court of the Table

Distinguished Club

Membership

Branch Manager’s Club

Membership

Divisional Manager’s Club

Membership

Zonal Manager’s Club

Membership

Chairman’s Club

Membership

Corporate Club

MembershipYour path to

the

Top

Club membership is a recognition given for outstanding performances by an

advisor

Benefits of Club Membership

Advance for 2/4 wheelers Computer Advance Furniture Advance Festival Advance Office Allowance Travelling facility Air fair/Railway fare Tour Allowance Housing Loan at subsidized rate of Interest Advance for Daughter’s marriage Telephone facility Group Insurance Mediclaim policy Guest House facility Authority for MHR Visiting Cards, Letter Heads, Envelopment

In India only 26% of Insurable Population is insured till date.Remaining 74% of Insurable population is yet to be insured.There is a huge untapped market to explore.

24%

76%

Insurable Population

Insured

Not InsuredScop

e

Only 20% of total agency force are working in a Professional Capacity. These 20% accounts for more than 80% of total Life Insurance Business.

Be “One” among the “Professionals” and earn your fortune.

Growth Opportunities

Life Insurance Market in India is projected to grow from Rs. 1,09,000 Crores to Rs. 2,60,000/- crores within 5 years time.

2011 - 12

2016 -17

Rs. 1,09,000

Amount in Crores.

Rs. 2,60,000

Growth will be doubled in next 5 years.

Earning Opportunities

Magic of Renewal Commissions

Year

Business In

Crores

Premium

Income

Commission (Amt. in Lacs)

1 1 10

3.50

0.75

0.75 0.50

0.50

0.50

0.50

0.50

0.50

0.50

2 2 15  

5.25

1.13 1.13

0.75

0.75

0.75

0.75

0.75

0.75

3 3 20    

7.00 1.50

1.50

1.00

1.00

1.00

1.00

1.00

4 4 25       8.75

1.88

1.25

1.25

1.25

1.25

1.25

5 5 30        

10.50 2.25

2.25

1.50

1.50

1.50

6 6 35          

12.25 2.63

2.63

1.75

1.75

7 7 40            

14.00 3.00

3.00

2.00

8 8 45              

15.75 3.38

3.38

9 9 50                

17.50 3.75

10 10 100                  

35.00

3.5

6.00

8.88

11.88

15.13

18.00

22.38

26.38

30.63

50.88

Success Stories

Business Figures of Successful Agents

Name Commission

Rachna Jindal72.61

Lacs/month

V. D. Jain66.22

Lacs/month

Ritu Nanda67.13

Lacs/month

Amit Agarwal45.95

Lacs/month

Anshu Srivastav41.77

Lacs/month

Central Govt. Employee LIC CM Club Member Agent

Salary Commission

Pension Renewal + Pension

Gratuity Gratuity

L. T. C. L. T. C.

2 Wheeler Loan 4 Wheeler (Car) Advance

Office Allowance × Office Allowance

Housing Loan Housing Loan

Festival Advance Festival Advance

Mediclaim Mediclaim

Telephone Facility Telephone Facility

10am-6pm OFFICE JOB OWN BOSS

COMPARISION

Profession Degree

Investment

Time Workplace

Doctor

C.A.

Lawyer

Engineer

LIC Agent X X

X X

√ √ √ √

√ √ √ √

√ √ √ √√ √ √ √

COMPARISION

Time : Money√ X 10% - Retired & Unemployed

X √ 5% - Professionals

X X 80% - Salaried People

√ √ 5% - Agents

INCOME

Active / Temporary IncomePassive / Permanent

Income

Job Royalty

Profession Rent

Business Interest

Renewal Commission

Who can become LIC’s Insurance Agent?

How one can become LIC’s Insurance Agent?

Eligibility :-1. HSC / XII passed (10 + 2)2. Minimum age 18 years

Qualities :-1. Positive Attitude2. Dare to Dream Big3. Thirst for Knowledge4. Effective Listening Skill5. Build or Maintain Relationship6. Willingness to Share7. Patience

Documents required3 Passport size photographs (with White Background)

Educational Proof :-1. SSC / 10th passed Mark sheet / Certificate 2. HSC / 12th passed Mark sheet / Certificate3. Bachelor Mark sheet / Degree Certificate (If Graduate)

Age Proof :- (Any One)1. School Leaving Certificate2. Pan Card3. Passport4. Driving License

Address Proof :- (Any One)1. Ration Card2. Passport3. Driving License4. Bank Statement5. Electricity Bill6. Telephone Bill7. Voter ID

Procedure :-

IRDA :-1. Registration - URN2. 50 hrs Online / Offline Training3. Online / Offline Examination (I. I. I.)4. IRDA issues License to Successful candidate

LIC :-1. Interview with Branch Manager2. Agency Code allotment

IRDA – Insurance Regulatory & Development AuthorityI.I.I. – Insurance Institute Of India

1. Exam fee : Rs. 3502. Training fee : Rs. 2503. License fee: Rs. 250

Total: Rs. 850

Fees :-

Suryakant G. Naik Development Officer Life Insurance

Corporation Of India

Mobile: 7588698160, 944 955 6584

[email protected]:

www.CareerLIC.in