Enter the World of Unlimited Earning Opportunity IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
Enter the World of Unlimited Earning Opportunity
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
Welcomes you
To the profession of
LIFE INSURANCE ADVISOR
of
LIFE INSURANCE CORPORATION OF INDIA
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
LIC OF INDIA
Life Insurance Agency is considered as the highest paid Profession in the world.
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
Earning Opportunities
There is no limit of
Money that one can earn
Even sky is not the limit
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
Advantages over Other professions Business 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 mobilized is used for peoples’ welfare.
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
Commitment + Time Devoted = Results
In India only 26% of Insurable population is insured till date.
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
74%
26%Balance 74% of population is yet to be insured.
There is a vast untapped market to explore
Only 20% of total agency force work in a professional manner.
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
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
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
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
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:
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
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
Why not 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.
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
Attractive Commission Rates
On any standard policy you shall be paid commission as per the following rates.
• Up to 25% of 1st year• 40% Bonus Commission on the 1st year commission• Up to 7.5% of 2nd & 3rd year premium.• Up to 5% thereafter till the policy continues.
Every time a
Policy Holder pays his installment premium , the Agent receives his commission
Every time a
Policy Holder pays his installment premium , the Agent receives his commission
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
Magic of Renewal Commission
Get a Policy of Rs.30/day for 7 Yrs & Get Rs. 1 Lakh / P. M. Lifetime
Yr Pre. 1000/MLY
1 2 3 4 5 6 7 8
1 3600000 1260000 270000 270000 180000 180000 180000 1800002520000
2 3600000 1260000 270000 270000 180000 180000 1800002340000
3 3600000 1260000 270000 270000 180000 180000
21600004 3600000 1260000 270000 270000 180000
19800005 3600000 1260000 270000 270000
18000006 3600000 1260000 270000
15300007 3600000 1260000
1260000Total:
13590000
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
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
This is the only profession where you are entitled for
GRATUITY
If you work continuously as an Agent for 15 or more Qualifying Years or attained 60 years of age whichever is later, even though you are not an employee of the Corporation
Maximum amount of Gratuity admissible is ` 2,00,000/-
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
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
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
You can also become CLIA
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, CLIA etc.
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
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
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
Benefits by Qualifying for
MDRT
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
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
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
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
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
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
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
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%
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
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
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
Our Organizational 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
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
We are No.1 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
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
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
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
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
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
A Life Insurance Agent renders a Social Service
to the families as well as generates funds for
Nation
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
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
Be Proud to be associated with the only
Insurance Company
with Maximum Awards
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
Be Proud to be associated with the only
Insurance Company
with Maximum Awards
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
Be Proud to be associated with the only
Insurance Company
with Maximum Awards
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
NO Company Name 2011-12(Crs) 2010-11(Crs) Difference % Market Share
Performance Results of Life Insurance Companies (First Year
Premium)2011-2012
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
NO Company Name 2011-12(Crs) 2010-11(Crs) Difference % Market Share
Performance Results of Life Insurance
Companies (Number of Policies)2011-2012
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
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.
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
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
v/s
Private Insurers
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
InsurerTotal
Claims
Claims
Paid
Claims repudiat
ed
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 100 86.04 8.90 0.05 5.01 77.30 9.57 4.54 8.59
LIC 100 97.03 1.00 0.51 1.46 36.60 25.14 24.85 13.40
Total 100 95.58 2.04 0.45 1.93 50.51 19.82 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
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
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.
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
Coming …… Working……Staying
Coming together is beginning
Working together in progress
Staying together is Success
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
TEAM WORK
TOGETHER
EACH ONE OF US
ACHIEVE MORE
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
Why Agency with VINODKUMAR HARIANI.08866230725, SURAT.