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LIFE INSURNACE

CORPORATION OF INDIA
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 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 restriction on the


amount 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
 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%

Balance 74% of population 26%


isB yet to be insured.
a
l
a

There is a vast untapped


market to explore

IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION


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

 These 20% account for more than 80% of total


Life Insurance Business.

20%

80%
Be “ONE” among the
“PROFESSIONALS”
And earn your fortune 20% Professional
agents
80% Business

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
There are:

•Doctors
•Engineers
•Chartered Accountants
•Share brokers
•Lawyers
•Film personalities
•CEOs
•Businessmen
•Housewives
•Students & many more

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


What about you?

IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION


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 attractive commissions

On the premium you get.

IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION


Magic of Renewal Commission
CASH JUST FLOWS
Busi Prm Y 1 2 3 4 5 6 7 8 9 10
ness income r
in
Crs
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 1000000 10 350000
0 0

Commission 350000 600000 887500 1187500 1512500 1862500 2237500 2637500 3062500 5187500
earned at the
end of each
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
(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/-

IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION


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

Corporate Club

Chairman’s
club
Zonal
Manager’s
Club
Divisional
Manager’s
club
Branch
Manager’s
club
Distinguished
club

IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION


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.

IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION


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

IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION


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


Your Role

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.

IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION


T
There are only 4 Countries* in the
h

world whose population is larger


e
r
than LIC’s Customer Base
e

*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


Policies to be guaranteed by
Central Government
Section 37 of Life Insurance Corporation Act 1956
The Sum Assured by all Policies issued by the Corporation
Including any bonuses declared in respect thereof, and subject
to 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.

IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION


Our Organisational Strength

Central Office

EAST N.EAST WEST NORTH SOUTH CENTRAL N.CENTRAL S.CENTRAL


(PATNA) (MUMBAI) (DELHI) (CHENNAI) (BHOPAL) (KANPUR) HYDERABAD
(Kolkata)

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 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

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


Nation Building Activities of LIC
A Life Insurance Agent renders a Social Service to the
families as well as generates funds for ……….

LIC’s INVESTMENT AS AT
31.3.2012

Some Highlights (` in crores)


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

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


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)
50 hrs
 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.

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 Working together Staying together


is beginning in progress 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


PROCESS
You need to undergo 25 hours IRDA prescribed online training
- costs 200/-

You need to pass IRDA Online test-objective multiple choice


type, 1 hour duration. 35% is the minimum pass marks
required- u need to pay 502/- online while scheduling the test

You need to pay 150/- at LIC counter

The entire process takes 2 to 3 weeks time and total


investment would be 852/-

IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION


Contact: Ajay Gupta
Development Officer, LIC of India.
Mobile:9845136164
Website: www.licajaygupta.com

IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION

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