Transcript Why LIC?

LIFE INSURANCE CORPORATION OF INDIA
( A Govt. of India undertaking )
Welcome to the profession of
Life Insurance
Consultant
[email protected], Call: 9422949646
What we wish to have in life ?
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ARE YOU ?
TALKATIVE
GOOD LISTNER
SELF MOTIVATED
SOFT SPOKEN
LIKE FIELD WORKING
MEET PEOPLE
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Who can join this career :
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Sales / Marketing persons.
Chartered Accountants.
Self employed.
Serving employees from
Govt. or non-Govt
organizations.
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Voluntary retired.
House wives
Fresh Graduates
Software consultants.
MBA’s
Consultants.
People have entered this profession from all walks of life .
There have been Doctors, Engineers, Chartered Accountants,
Lawyers, Business Persons, Employed, Housewives, Students &
many others who made good income by coming to this profession.
[email protected], Call: 9422949646
Why Become an LIC Agent
When you become an LIC agent you do more than earn income.
You become a financial advisor, a businessman and your own
boss, wherein your growth is limited by your own imagination.
You will not need to acquire capital. Your capital is your desire to
learn, earn and work.
You can earn as much you want. You set your own income
objectives. There is virtual no limit to how much you will earn.
 Your compensation package is one of the best in the industry.
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You can be among the best in the insurance world.
You will achieve success from a professional training program that
will help you establish a career even if you have had no previous
selling experience.
The Training is continuous and will keep you on top of the game.
You establish your own work patterns; choose your own clients set
your own business hours.
You will be helping people and families to find means to achieve
financial security.
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Life Insurance Agency is considered today as
Highest Paid hard work in the world!
How much can one earn from this business?
The sky is the limit.
There is no restriction to the amount of money that one can earn.
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A commission sample case …
1 Lac policy sold to a client for 15 years term premium Rs.5000 p.a
1st year >> 35 %
1750=00
2nd year >> 7.5 %
375=00
3rd year >>
7.5 %
375=00
4th year >>
5% X 12 3000=00 (250X12)
Total in 15 years >> 5500=00 (110% of basic annual premium)
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MONTHLY INCOME GROWTH CHART
If you sell only 10 policies every Month for an average Sum Assured of Rs.1,00,000 ENDOWMENT WITH PROFIT POLICY for 20 years with an
average annual premium of Rs.50 per thousands S.A. and you increase your sales 20% each year.
Years of Working
1
2
3
4
5
6
7
8
9
10
No. of policies completed
120
144
173
207
249
299
358
430
516
619
Business (S.A) in lacs
120
144
173
207
249
299
358
430
516
619
6,00,000
7,20,000
8,64,000
10,36,800
12,44,160
14,92,992
17,91,590
21,49,908
25,79,890
30,95,868
210000
252000
302400
362880
435456
522547
627057
752468
902962
1083554
45000
54000
64800
77760
93312
111974
134369
161243
193492
45000
54000
64800
77760
93312
111974
134369
161243
30000
36000
43200
51840
62208
74650
89580
30000
36000
43200
51840
62208
74650
30000
36000
43200
51840
62208
30000
36000
43200
51840
30000
36000
43200
30000
36000
Annual Premium
1st year commission @ 35%
2nd year commission @7.5%
3rd year commission @7.5%
4th year commission @ 5%
5th year commission @5%
6th year commission @5%
7th year commission @5%
8th year commission @5%
9th year commission @5%
10th year commission @5%
30000
Total
210000
297000
401400
511680
644016
802819
993383
1222060
1496472
1825766
Monthly Income
17,500
24,750
33,450
42,640
53,668
66,902
82,782
1,01,838
1,24,706
1,52,147
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MORE FEATURES
UNLIMITED
INCOME
HEREDITARY
COMMISSIONS
CLUB
MEMBERSHIP
INTEREST
FREE
ADVANCES
NO RETIREMENT
AGE
NO JOINING
AGE BAR
GRATUITY
2,00,000
INTERNATIONAL
RECOGNITION
(MDRT)
NO UPLINE
OR DOWNLINE
NO BOSSING
NO SR./JR.
STATUS
TIMELY
COMMISSIONS
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Why LIC?
L.I.C. is Synonym for insurance!
LIC of India is Your trusted life insurer since 54 years.
We pledge to serve you better!
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Why LIC?
Awards Owned By LIC
OUTLOOK MONEY -- NDTV
World Brand Congress PROFIT AWARD 2009 in NDTV PROFIT BUSSINESS
Loyalty Award LEADERSHIP, AWARDS 2009 2009
Award 2008-09
" BEST LIFE INSURER
CATEGORY "
Golden Peacock
Innovative Product /
Service Award - 2009
CNBC AWAAZ CONSUMER Reader's Digest Trusted
AWARD2008- 2009 for
Brand Award, 2009
" Most preferred insurance
( Platinum category )
company "
ASIA PACIFIC HRM
Congress, 2009 Award for
INNOVATIVE HR
PRACTICES
NASCOM IT USER
Award 2008
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Brand Equity
Most Trusted
Brand 2009 Top
in Insurance
Category
Business
Superbrand India
2009
Policies to be guaranteed by Central
Government
The sums 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.
- Section 37 of LIC ACT, 1956
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Why LIC?
We Have
A Wide
Range Of
Products
For
Every
One!!!!
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Financial Highlights during FY 2009-2010
• Total Premium Income
• Total Income
• Payments to Policyholders
As on
31.3.2002
31.3.2004
31.3.2006
31.3.2008
31.3.2010
Rs. (in crores)
2,45,331.46
3,67,359.84
5,52,447.33
7,56,890.51
11,52,057.21
:
:
:
Rs. 185985.91 crore
Rs. 298721.55 crore
Rs. 80134.20 crore
As on
31.3.2002
31.3.2004
31.3.2006
31.3.2008
31.3.2010
Rs. (in crores)
2,27,008.98
3,21,753.53
4,63,147.62
6,86,616.45
9,99,517.59
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Year
Policies
(in crores)
2001-2002
12.58
2003-2004
15.39
2005-2006
21.00
2007-2008
23.39
2009-2010
27.83
Total New Business In 2009-10
No. of policies : 388.39 Lakhs
First Premium : Rs. 42960.44 crores
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• Ratio of outstanding claims1.13 %
• It s the largest number settled by any life
insurer in the world
• LIC settles 2.11 Crore claims i.e 74558
claims every working day i.e. 3 claims
settled every second.
Year
Number
(in lakhs)
2001-02
2003-04
2005-06
2007-08
2009-10
87.67
103.53
120.85
140.95
211.00
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Amount
Rs. (in crores)
14,519.25
19,607.20
28,512.26
37,011.47
53954.00
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All 2048 branches of LIC are computerized.
LIC’s WAN covers 110 Divisions.
Branches are connected by MAN.
Online Premium Payments.
1000 + Satellite Sampark offices opened to
bring LIC to your doorstep
• IVRS facility available in 58 Urban centers.
• Kiosks installed in 150 Select Centers.
• Info Center working in 8 centers.
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About Me
I am a leading Dev. Officer of L.I.C.82C Branch, which is located in the heart of the city at
VMV road, AMRAVATI. For the last 17 year I have been ranking NO.1 in the branch and in
the first 1 in the division. For the last 17 years I have been leading a team of 120 agents. I have
been reckoned as the most knowledgeable and active development officer in my branch.
My Team
My team of agents comprises of people of all age groups . There are agents as young as
19 years of age and as old as 67 year too. But the common thing between them is that
they are all highly motivated and beaming with energy. This positive attitude of my
team has been instrumental in their outstanding performance year. In 2010 six agents
of my team qualified for prestigious MDRT level. It is my privilege to welcome you to
my team of insurance professionals . It will be my endeavor to nurture your selling skills
and help you become outstanding & successful insurance consultant.
[email protected], Call: 9422949646
SUPPORT TO AGENTS
Professional training through seminars.
Innovative Marketing strategies.
Tips on customer relations management.
Effective selling skills.
Tips on objection handling.
Exposure to international selling practices.
Setting and achieving realistic goal.
Sponsorship for special training programs.
I have invested in technology and manpower to ensure that my team gets adequate sales
support from me. Few examples of my support activities are as under:
1) Make joint calls with agents for big business prospects.
2) Provide assistance in organizing medical check ups done for their customers.
3) Counseling with agents to help him perform better.
4) Monitoring his/her sales activity and providing appropriate guidance from time to time.
5) Conducting sales motivation seminars to recharge their energies.
6) Provide access to state of art computerized presentation system .
7) Provide monthly statements which encompass all their policy holder servicing needs.
[email protected], Call: 9422949646
Procedure To Become An LIC Agent
Minimum age : 18 yrs.
3 Passport Size Photograph’s
Minimum Qualifications : HSC / Diploma Equivalent to HSC
Original certificates for verification.
Qualifying in the exams conducted by the Insurance institute of
India.
Personal Interview.
Issue of license by I.R.D.A.
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Fee Structure
Registration Fee
Exam fee
License fee (for 3 yrs.)
Study Material
Agent Working Material
On Line Training Fee
Rs.
Rs.
Rs.
Rs.
Rs.
Rs.
150/400/250/75/625/500/- Extra
Training:
Formal class room training by LIC, for a period of 50 hours absolutely free !!!
Or
Online training through the Internet to suit your convenience.
[email protected], Call: 9422949646
So take a quick & prompt
decision and ..
Join as a respectable
“Insurance Consultant”.
[email protected], Call: 9422949646
More Details For Contact,
Mr. Vinod M. Chandak
Sr. Business Associate / Dev. Officer,
Local Chair I.F.P.A.
L.I.C. Of India, Branch 82C, Amravati.
Address :
V.C. Group
‘Laxmi Palace’,Nr. Rajapeth Rly. Crossing,
Shankar Nagar Road, Amravati. (M.S.)
Telefax: 0721/2567609
[email protected], Call: 9422949646