THIS PRESENTATION IS PREPARED AND PRESENTED BY ANIKET PATEL DEVELOPMENT OFFICER CONTACT : BECOME LIC ADVISOR
Aniket Patel is a young and dynamic Development officer of LIC of INDIA, Fatejgunj Branch in Vadodara. Development Officer's job profile is to recruit sales personnel to work for LIC of INDIA. They are popularly known as agents. Agents are delivering the same as is done by LIC of India. But there is dire need of choosing the right agent. The definition of right agent is truly professional. In modern era Pre-sales service is of much Importance than the after sales service. This Pre-sales service comprises of proper financial advice for investment, risk management and security of funds. Synchronization of need and the insurance products includes the assessment ability of the financial advisor. ABOUT MYSELF :
I just want to tell that each agent recruited by him undergoes vigorous training and then only moves in the market. Not only that he trains his agents, he himself is exposing to various training. He has successfully completed induction training from Power House Academy, an academy run by most experienced retired marketing vizard of LIC. He is a man of knowledge, systems and innovative ideas. Joining him will be an opportunity to carve a wonderful and rewarding career in Financial Market. I wish him a great success in his career and a unique name as a Development Officer. Himanshu Shah Ex. SR.DM LIC OF INDIA, VADODARA.
Do you want to grow and move forward?
Answer this questions ? Do you want to earn more than earning today? Do you want to enhance family satisfaction by increasing income? For improving productivity you need continuous training, are you getting it? Are you looking forward for rewarding career? Do you want to be an extra ordinary? Do you have an ambition or burning desire to do something different from others?
If you are sure about your answers, you are at right place.
Why LIC ? LIC is the no.1 insurance company in the world on the basis of policy holder with large customer base. LIC Is most trusted brand of the country. LIC Settles about 3 claims per second and LIC is having lowest outstanding claim ratio in the world.
Life insurance agency is considered as the highest paid profession in the world.
There is no restriction on to the amount of money that one can earn. You can write your own cheque of earning. Sky is the limit.
Why should I choose profession of LIC insurance advisor ?
Personal Growth Unlimited Earning Potential No Forced Retirement Recognition and awards
You can secure your income for number of years by providing solution to clients through insurance products. For every policy you sold, you will going to earn commission each time as well as when client pays renewal premium then also you are entitled to earn commission.
COMMISSION RATE FOR 1 ST YEAR = 35% FOR 2 ND & 3 RD YEAR = 7.5% FOR 4 TH YEAR AND ONWARD = 5%
Illustration of earning ExampleCommission Year Policies sold Average premium Total premium 1st year2 nd year3 rd year 4 TH to 20 th year Total 15010, , , , , , , , , , This illustration is on certain assumptions. Your real earning may differ according to your work and commission rate. For more detail, contact personally.
Who can become lic advisor ? Tax consultants Advocate clerks Private teachers Medical representatives Students House wives Retired employees Ex-servicemen Day deposit collectors Unemployed youth And Many More.
Different club membership 1.Corporate club 2.Galaxy club 3.Chairman’s club 4.Zm club 5.Dm club 6.Bm club 7.Distinguish club
International recognition Million dollar round table Top of the table Core of the table
Following are the benefits to club member agents/advisors Vehicle advances Housing loan Group insurance Office allowances Telephone expenses Sales promotional gifts Festival advances Mediclaim cover Stationery
CriteriaOther business / professionLIC agency Initial Investment Capital investment : large amount of investment for initial start. Zero investment : there is no start up capital. Recurring Expenses Monthly expenses : rent, electricity, municipal taxes, salary of staff, etc. Little expenses : the expenses for procure life insurance business include travelling, meeting, etc. Business potential Low potential, too much trial and error method required to stability. High potential : growing market, only 25% of the insurable population insured. Working Hours Fixed hours : needs 10 to 12 hours. He can not afford to do business as per his convenience. Flexible hours : no fixed hours of working. Work as a part time or full time. Income / profit Profit only generated after covering revenue expenses and part of capital expenses. Depends on your efforts. Sky is the limit. Business Risk Uncertainty of income and many of time risk of the capital. Certain income with no risk of capital loss. More your efforts, more your income. Ease of doing business Additional cost of creating new brand and time taking. Lic it self is a strong brand and it helps to canvassing the business.
What is role ? As an LIC advisor, your role is not just sell insurance. It is about making difference in people’s lives, an insurance sales being a by – product of that. As your roll allow to meet people with special individual needs. Analyze their financial situation and provide them solution which will help them achieve those goals and dreams.
Procedure to become LIC agent / advisor Any person minimum 18 years completed. Person with minimum qualification of HSC, Graduate or Post Graduate. 25 hours pre-recruitment training. Online / offline depending on your choice. Examination approved by IRDA has to be passed.
Thank you for giving your time for go through this glance of a career. Be a wise chooser, Don’t waste wonderful Opportunity.
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