Welcome you To the profession of LIFE INSURANCE ADVISOR of LIFE INSURANCE CORPORATION OF INDIA IN...

Welcome you

To the profession of

LIFE INSURANCE ADVISOR

of

LIFE INSURANCE CORPORATION OF INDIA

IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION

LIFE INSURNACE CORPORATION OF INDIA

Life Insurance Agency is considered as the highest paid Profession in the world.


Earning OpportunitiesThere is no restriction on the

amount of

Money that one can earn

Even sky is not the limit


Advantages over Other professions Start Business of your own without Capital Investment.

Freedom to set your own working hours.

To be in a Business that gets easier & less demanding as you grow old, compared to mounting pressures encountered in other businesses.

No Compulsory retirement.

Noble profession opens doors for social service

Within a short span of time standard of living could be improved.

A tool in Nation building activities as money mobilised is used for people’s welfare.


Commitment + Time Devoted = Results

In India only 26% of Insurable population is insured till date.


74%

26%Bala

Balance 74% of population is yet to be insured.

There is a vast untapped market to explore

Only 20% of total agency force are working in a professional capacity.

These 20% account for more than 80% of total Life Insurance Business.

80%80%

20%

20% Professional agents

80% Business

Be “ONE” among the

“PROFESSIONALS”

And earn your fortune


Growth Opportunities

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

Be a part of this Growing Industry.

Be a part of

LIFE INSURANCE CORPORATION OF INDIA


People from all walks of life have entered this profession

•Doctors

•Engineers

•Chartered Accountants

•Share brokers

•Lawyers

•Film personalities

•CEOs

•Businessmen

•Housewives

•Students & many more

There are:



Just ask your self …… if…..

• Smt..Ritu Nandu (Raj Kapoor’s Daughter)

• Sri.Abhishek Bachan ( Cine artist)

• Smt.Ragini Yadav (Daughter of Lalu Prasad Yadav)

• Sri.Sri O Madhavan (F/o. Mukesh)

•Sri C K Padmanabhan ( Politician)

•Sri.A.K.Antony

Were or are agents of this Corporation then

What about you?

SUPPORT FROM OUTSIDE

We will provide you with world class training and support you need to make your carrier a success.

Regular counseling & monitoring.

Strong back Office support.

50 powerful products to cater to the needs of every individual.

Encouragements through various Competitions & Rewards.


Attractive Commission Rates

On any standard policy you shall be paid attractive commissions

On the premium you get.


Magic of Renewal CommissionCASH JUST FLOWS

Business in Crs

Prm income

Yr

1 2 3 4 5 6 7 8 9 10

1 1000000 1 350000

75000 75000 50000 50000 50000 50000 50000 50000 50000

2 1500000 2 525000

112500

112500 75000 75000 75000 75000 75000 75000

3 2000000 3 700000

150000 150000 150000 150000 150000 150000 150000

4 2500000 4 875000 187500 187500 125000 125000 125000 125000

5 3000000 5 1050000 225000 225000 150000 150000 150000

6 3500000 6 1225000

262500 262500 175000 175000

7 4000000 7 1400000

300000 300000 300000

8 4500000 8 1575000

337500 337500

9 5000000 9 1750000

375000

10 10000000

10 3500000

Commission earned at the end of each year

350000

600000

887500

1187500

1512500 1862500

2237500

2637500

3062500

5187500

You earn your own Pension

As years pass, the Renewal Commission starts building up

thereby assuring you a pension for the next 20 to 25 years &

for your generations to come.

Also Svavalamban & Samvardhan Schemes are available.WE

INSURE

and also

ASSURE


This is the only profession where you are entitled for

GRATUITY

(Proportionate to your commission earned) if

He has continuously worked as an Agent for 15 or more Qualifying Years or attained 60 years of age whichever is later

Maximum amount of Gratuity admissible is ` 2,00,000/-


Club Membership

Club membership is the recognition given for outstanding performance to agents.

Distinguished club

Branch Manager’s club

Divisional Manager’s club

Zonal Manager’s Club

Chairman’s club

Corporate ClubYour path to

the

TOP


Fringe Benefits of

Club Membership Interest free advance for 2 wheeler and 4 wheelers.

Interest free advance for purchase of Personal Computer, Laptop, Furniture etc.

Housing loan @ 5% p.a

Free term Insurance up to 1.5 lacs & 50% concession on group medi claim.

Reimbursement of expenses on stationery , Office, Sales promotion & Gift items.

And many more. Career path DO etc.


An Agent will get International Recognition by Qualifying for

MDRT ( Million Dollar Round Table)

Qualifying Conditions

Type of Performance

MDRT Court of the table

Top of the table

Commission ` 8,18,600 ` 24,55,800 ` 49,11,600

First Year Prm. ` 32,74,400 ` 98,23,200 ` 1,96,46,400


Benefits by qualifying for MDRT


Enhancement of selling skills

Increase in production directly resulting in more commission

Development of leadership qualities

Sense of achievement

Recognition as top performers

Qualities you need to possess

♦ Strong determination, Self confidence

♦Good communication skills

♦Willingness to share

♦ Thirst for Knowledge

♦ Quest for Self-Improvement

♦ Eagerness to build relationships

♦ Power to grab opportunities

♦ Time Management

♦ Hard working

♦ Positive attitude, Consistency & Perseverance


To Identify Various Customer needs

Suggest Suitable Life Insurance Plans from 50 powerful plans to satisfy those Needs.

Encourage them to buy products

PROVIDE EFFICIENT AFTER SALES SERVICE.

Your Role


There

There are only 4 Countries* in the world whose population is larger than LIC’s Customer Base

*LIC has more than 30 crores Customers; only China, USA, Indonesia and of course, India have population of more than 30 crores


All India Performance as at 31.3.2012

Total Income : ` 2,87,315.38 croresTotal Premium Income : ` 2,02,802.90 croresTotal Life Fund : ` 12,83,990.72 crores Total Assets : ` 14,17,891.79 crores Total No. of Claims Paid : 185 lakhs Amount of Claims Paid : ` 66,022.82 crores 93.34% of Maturity Claims are settled on or before

Date of maturity. O/s Claims Ratio (MC+ SB) : 0.5% O/s Deaths Claims Ratio : 1.22%


LIC settles 64800 Claims every day ie., 3 Claims per second

Policies to be guaranteed by Central Government

The Sum Assured by all Policies issued by the CorporationIncluding any bonuses declared in respect thereof, and subjectto the provisions contained in section 14, the amounts assured by all policies issued by any insurer the liabilities under which have vested in the Corporation under this act, and all bonuses declared in respect thereof, whether before or after the appointed day, shall be guaranteed as to payment in cash by the Central Government.

Section 37 of Life Insurance Corporation Act 1956


Our Organisational Strength

Central Office

EAST

(Kolkata)

N.EAST(PATNA)

WEST(MUMBAI)

NORTH(DELHI)

SOUTH(CHENNAI)

CENTRAL(BHOPAL)

N.CENTRAL(KANPUR)

S.CENTRALHYDERABAD

ALL INDIA

ZONES : 8 DIVISIONS : 113 BRANCHES : 2048 SATELLITE OFFICES : 1202

STAFF : More than 1.19 lakhs AGENTS: 12.78 lakhs


We are No.1 in Company in India

For generating the highest amount of

Net profit (Surplus) in India

For being the highest Net worth in India

We are 2nd largest I.T. user Company in India

LIC – The Pride of India


16.7818.65

21.2623.39

25.7827.83 28.629.16

'04-05

'05-06

'06-07

'07-08

'08-09

'09-10

'10-11

'11-12

385791463147

572603686616

809525

999518 11512011283990

'04-05

'05-06

'06-07

'07-08

'08-09

'09-10

'10-11

'11-12

Source : LIC Balance Sheet

LIC has crossed

12,00,000 Crores Life FundLIC’S Growth Chart


We are No.1 in World

• Highest number of Policies sold in a year

• Number of claims settled in a year

• To service Highest number of Policies –

(Including Group Policies)

More than 39 Crores


A Life Insurance Agent renders a Social Service to the

families as well as generates funds for ……….

Central Govt.Securities 4,41,760

State Govt.Securities 2,13,913

Power 86,880

Housing 41,067

Water Supply/Irrigation/Sewerage 3,774

Road, Port, Bridges & railways 10,494

Others 21,947

Total 8,19,835

LIC’s INVESTMENT AS AT 31.3.2012

Some Highlights (` in crores)

Nation Building Activities of LIC


Be Proud to be associated with the only

Insurance Company

with Maximum Awards



NO Company Name 2011-12(Crs) 2010-11(Crs) Difference % Market Share

Performance Results of Life Insurance Companies (First Year Premium)

2011-2012


NO Company Name 2011-12(Crs) 2010-11(Crs) Difference % Market Share

Performance Results of Life Insurance

Companies (Number of Policies)2011-2012


Sri D K Mehrotra , Chairman of LIC Of India handing over a cheque for ` 1137,99,41,404 – the dividend by LIC for the Fin. year 2010-11 to the Union Government. LIC generated a surplus of ` 25624.58 Cr. For the Fin.Year 2011-12. Share to Govt .` 1281.23 Cr., Bonus to Policy Holders ` 24343.35 Crores.


Insurer 31st March 2010 Additions in 2010-11

31st March 2011

LIC Generated surplus of ` 22752.34 crores as at 31st March 2011.

Private Sector

210014.99 Crs. 2641.86 23661.85 Crs.

The cumulative losses of the Life Insurance industry as at 31st March,2011 stood at ` 20,569 crores

Performance of LIC vs Private Insurers


InsurerTotal

Claims

Claims

Paid

Claims repudia

ted

Claims written back

Claims pending

at the end of year

Break up of claims pending -duration wise (Policies)

≤ 3 months

> 3 to ≤ 6 months

>6 to ≤12 months

> 12 months

Private 10086.0

4 8.90 0.05 5.01 77.30 9.57 4.54 8.59

LIC 10097.0

3 1.00 0.51 1.46 36.6025.1

4 24.85 13.40

Total 10095.5

8 2.04 0.45 1.93 50.5119.8

2 17.91 11.76

INDIVIDUAL DEATH CLAIMS : LIFE INSURERS (2010-11)

(Figures in per cent of Policies)

The procedure to become a Life Insurance Agent

Minimum Age : 18 Yrs.

Qualification :

12th Pass ( Where population is >5000 ) ,

10th pass ( where population is below 5000)

Formal training for a period of 50 hours.

Qualifying in the examination conducted by Insurance Institute of India.

Field training by Development Officer.

Personal Interview

Issue of Licence by IRDA.

50 hrs


Training & its Benefits

* Effective selling skills.

* Innovative marketing strategies.

* Customised training

* Goal Oriented approach.

* Through knowledge of products.

* Enhanced professionalism

* Ability to build long term Customer Relations.

* Certificate issued by the Insurance Institute of India.


Coming ………. .. Working……Staying

Coming together is beginning

Working together in progress

Staying together is Success


TEAM WORK

TOGETHER

EACH ONE OF US

ACHIEVE MORE



PROCESS You need to undergo 50 hours IRDA prescribed online training

- costs 500/-

You need to pass IRDA Online test-objective multiple choice

type, 1 hour duration. 50% is the minimum pass marks

required- u need to pay 350 online while scheduling the test

IRDA licensing after passing the test. DD for 250/-

The entire process takes 2 to 4 weeks time and total

investment would be 1100/-


Contact: Ajay Gupta

Development Officer, LIC of India.

Mobile:9845136164

Website: www.licajaygupta.com

Welcome you To the profession of LIFE INSURANCE ADVISOR of LIFE INSURANCE CORPORATION OF INDIA IN...

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