LIFE INSURNACE CORPORATION OF INDIA LIFE INSURANCE ADVISOR Welcome you To the profession of LIFE INSURANCE ADVISOR of LIFE INSURANCE CORPORATION OF INDIA IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION

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

There is no restriction on the amount of 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 Commitment + Time Devoted = Results 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 TRUE SPIRIT OF SERVING THE PEOPLE AND NATION

IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION In India only 26% of Insurable population is insured till date. 74% Balance 74% of population is yet to be insured. 26% Bala There is a vast untapped market to explore IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION

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. 80% 20% Be “ONE” among the “PROFESSIONALS” And earn your fortune 20% Professional agents 80% Business IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION

Be a part of this Growing Industry. 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

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

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 commission as per the following rates. Every time a Policy Holder pays his instalment premium , the Agent receives his commission 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. IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION

Magic of Renewal Commission CASH JUST FLOWS Business in Crs Prm income Yr 1 2 3 4 5 6 7 8 9 10 1000000 350000 75000 50000 1500000 525000 112500 2000000 700000 150000 2500000 875000 187500 125000 3000000 1050000 225000 3500000 1225000 262500 175000 4000000 1400000 300000 4500000 1575000 337500 5000000 1750000 375000 10000000 Commission earned at the end of each year 600000 887500 1187500 1512500 1862500 2237500 2637500 3062500 5187500

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

GRATUITY Maximum amount of Gratuity admissible is ` 2,00,000/- 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 6 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 You can also become CLIA Club membership is the recognition given for outstanding performance to agents. Your path to the TOP Corporate Club Chairman’s club Zonal Manager’s Club Divisional Manager’s club You can also become CLIA Branch Manager’s club Distinguished club IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION

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, CLIA etc. IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION

MDRT ( Million Dollar Round Table) 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 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

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

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

IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION All India Performance as at 31.3.2012 Total Income : ` 2,87,315.38 crores Total Premium Income : ` 2,02,802.90 crores Total 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% LIC settles 64800 Claims every day ie., 3 Claims per second 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 (Kolkata) N.EAST (PATNA) WEST (MUMBAI) NORTH (DELHI) SOUTH (CHENNAI) CENTRAL (BHOPAL) N.CENTRAL (KANPUR) S.CENTRAL HYDERABAD 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

LIC – The Pride of India 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

IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION LIC has crossed 12,00,000 Crores Life Fund LIC’S Growth Chart Source : LIC Balance Sheet IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION

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

Performance Results of Life Insurance Companies (First Year Premium) 2011-2012 NO Company Name 2011-12(Crs) 2010-11(Crs) Difference % Market Share IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION

Performance Results of Life Insurance Companies (Number of Policies) 2011-2012 NO Company Name 2011-12(Crs) 2010-11(Crs) Difference % Market Share IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION

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

Performance of LIC vs Private Insurers 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 IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION

INDIVIDUAL DEATH CLAIMS : LIFE INSURERS (2010-11) (Figures in per cent of Policies) Insurer Total Claims Claims Paid Claims repudiated 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 97.03 1.00 0.51 1.46 36.60 25.14 24.85 13.40 Total 95.58 2.04 0.45 1.93 50.51 19.82 17.91 11.76 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) 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 Coming together is beginning IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION

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

IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION THANK YOU IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION