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“our dreams have to be bigger.
our ambitions higher.
our commitment deeper.
and our efforts greater.
this is my dream for Reliance and for India.”
Dhirubhai Ambani
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The legacy of entrepreneurship
Business opportunity for advisors
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The vision of Shri Dhirubhai Ambani
building a world-class enterprise in India based on indian opportunity strength of the indian middle class power of indian youth
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evolution
first textile mill at Naroda launch of ‘Only Vimal’ brand first corporate in Asia to issue
50 and 100 years bond in US controlling stake in erstwhile
BSES today known as Reliance Energy Limited
Anil Dhirubhai Ambani Group - ADAG formed
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The ADAG companies
Mudra Communications NIS Sparta Ltd. Reliance Infocomm Reliance Energy Ltd. Reliance Adlabs Reliance Capital
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Reliance Capital
the financial destination
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in the league of top three with varied businesses
Reliance Mutual Fund AUM of Rs.11 4300 Crs.
Reliance Life Insurance growing by over 100% year
on year Reliance General Insurance
offering spectrum of products
Reliance Credit Cards just launched
Reliance Money giving a new dimensions to
traditional brokerage business
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Life Insurance - the rising industry
an overview
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the past
1956 - the nationalisation
1956 - 2000 – single player named LIC
2000 – invitations to private insurance companies
2010 - 22 private insurance companies
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the potential
industry growth @ CAGR* of 35 % private player @ CAGR of 125% life insurance contribution to GDP
developed countries - 8% India – less than 2%
India's population: 120 crores insured population: 6.73% In numbers: 8 Crs.
average life cover: less than Rs. 10,000 Reliance Life Insurance growing by over
300% year on year
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market share (%)
Insurer 2005-06 2009-10 Growth rate % change
First year premium including single premium
LIC 18835 43573 +131%
Private sector 7451 14364 +93%
In crores
Comparative Data is till Feb. 06 and Feb. 10
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Reliance Life Insurance Company Limited
insuring India, ensuring you.
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the journey so far…..
acquired AMP Sanmar in Feb 2006
100% fully owned Indian company with no JV partner
paid-up capital of Rs. 2300 Crs. present in 1237 branches across1237 locations
190 more branches planned
a strong sales force of over 270,000 advisors
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insurance solutions
plans for varied solutions: savings solutions protection solutions children plan unit linked solutions retirement solutions
flexible rider options accident and disability critical illness term and in-built waiver of
premium
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opportunity for you
build your future
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own your destiny
you can be your own boss! you can write your own
cheque, no matter the size you can seize the future and
dictate your terms you can dream and make it
happen
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build wealth
high FY commissions one of the highest in industry
renewal commissions recurring income year after year
periodical contests
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It is your income!
Year 1 Year 2 Year 3
No of cases 50 75 100
Avg. premium 15,000 20,000 22,000
Total premium 7,50,000 15,00,000 22,00,000
Avg. commission 25% 25% 25%
Year 1 commission 1,87,500 3,75,000 5,50,000
Year 2 commission @ 7.5% 56,250 1,12,500
Year 3 commission @ 7.5% 56,250
Total income 1,87,500 4,31,250 718,250
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Are you a performer?
Year 1 Year 2 Year 3
No of cases 100 150 200
Avg. premium 15,000 20,000 22,000
Total premium 15,00,000 30,00,000 44,00,000
Avg. commission 25% 25% 25%
Year 1 commission 3,75,000 7,50,000 11,00,000
Year 2 commission @ 7.5% 1,12,500 2,25,000
Year 3 commission @ 7.5% 2,25,000
Total income 3,75,000 8,62,500 15,50,000
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drive home your dream!
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fly with your dream
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mdrt/ cot/ tot
the Premier Association of Financial Professionals
an exclusive honor achieved only by a small percentage of all life insurance and financial services advisors worldwide
the highest recognition in insurance internationally
how to get there..?
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vying for covet
criteria for mdrt/ cot/ tot etc
MDRT - premium Rs. 3036400/-
COT - premium Rs. 9109200/-
TOT - premium Rs. 18218400/-
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R.A.R.E. program
advisor career progression
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advisor career progression
Channel Development Associates
Sales Manager
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advisor career progression
qualification
Sales Manager advisors have an opportunity to become employees of Reliance life
insurance, if they satisfy the following criteria: Age : Less than 35 years
Education Qualification : Graduate
Business : 60 cases in a period of 6 to 12 months, with an average premium of Rs 15,000/-
S/he needs to be active for at least (every month – 1)
upon satisfying this criteria, the advisor will be nominated by the BM/AM for an interview process
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advisor career progressioneconomic attributes
proven track record in the business of life insurance, financial products or services. capable of investing an amount between Rs.1-3 lakhs
office space of 800 sq.ft for specific CDA’s.*.
access to a large base of potential customers and agents
behavioral attributes
strong entrepreneurial spirit and drive
passion to succeed against odds
honesty and integrity
long term commitment to business
leadership and managerial skills.
excellent communication skills. *subject to certain qualifications
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our complete support
excellent managerial support
appropriate media support
attractive incentives & contests
robust customer support & service
excellent products (wide range)
regular training (best in the industry)
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5 ‘I’s to success in insurance
intention to excel and make it big IRDA license for soliciting business interact and meet people on a regular
basis incentives & commissions to fuel you improvement on an on-going basis
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benefits in a nutshell
build your business with zero capital
enjoy the benefits of residual income
flexible work hours attractive Commission exciting Recognition programs association with a strong brand
– reliance capitalize on the growing
Insurance market
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let's be 1
you are just a signature away for the most rewarding career!!
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do you have it in you?
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together we will win the world
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questions and answers
A Reliance Capital Company
Thank you
June 25th 2010