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LIC Welcomes You!!!.

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Presentation on theme: "LIC Welcomes You!!!."— Presentation transcript:

1 LIC Welcomes You!!!

2 Good to Great

3 Goals Dreams Visions

4 A Dream House A Dream Car Higher Education (Self / Children) Own Office

5 Luxurious Life Plane Travel World Tour

6 Life Insurance Corporation Of India

7 LIC has settled death claims within a week.
13/7 Bomb Blast None of the Insurance company come ahead and settled the claims to the Victims family…. Except LIC LIC has settled death claims within a week.

8 LIC has won various Awards & Recognitions.

9 CNBC Awaz Consumer Award
ET Brand Equity Award for Top Brand in Insurance Category Outlook Money Award for Best Life Insurer AIMA High Performance Award Readers Digest Trusted Brand Global Youth Marketing Award for Most preferred Life Insurance Company Golden Peacock Award for Corporate Governance Power Brand Award Shoppers & Consumers Insight Award MY FM Stars of Industry Award for Excellence in Life Insurance

10 How LIC will help you for your Growth & Success?

11 Ask these people…. THESE PEOPLE JOIN LIC AS AGENT Dipti Bhatnagar
Abhishek Bachhan Ritu Nanda Ragini Yadav

12 People from all walks of life are working with LIC as
An Insurance Agent Doctors Engineers Chartered Accountants Company Secretaries Lawyers Celebrities – Bollywood CEO Share Broker Estate Agents Businessmen Housewives Students Artists & many others

13 Career as An Insurance Advisor (LIC Agent)

14 LIC’s Insurance Advisory is the Highest Paid Profession in the World……

15 Benefits Big & Best Brand High Paying & Rewarding Career
Prestigious Profession Own Business – An Entrepreneur No Investment No time restrictions – Freedom (Part / Full Time) No income limit To fulfill dreams Continuous Income Professional Training Personality Development Programs Working with Big & Best Brand Retirement Solution Hereditary Commission Gratuity Mediclaim Term Insurance Club Membership Advances for 2 / 4 wheelers Advances for Computers / Laptops Home Loans at Subsidies Interest rates Social Service

16 TOT Top of the Table COT Court of the Table
Awards & Rewards – Club Membership MDRT (Million Dollar Round Table) – Rs Lacs COT (Court of the Table) – Rs Lacs TOT (Top of the Table) – Rs Lacs TOT Top of the Table COT Court of the Table

17 Club membership is a recognition given for outstanding performances by an advisor
Your path to the Top Corporate Club Membership Chairman’s Club Membership Zonal Manager’s Club Membership Divisional Manager’s Club Membership Branch Manager’s Club Membership Distinguished Club Membership

18 Benefits of Club Membership
Advance for 2/4 wheelers Computer Advance Furniture Advance Festival Advance Office Allowance Travelling facility Air fair/Railway fare Tour Allowance Housing Loan at subsidized rate of Interest Advance for Daughter’s marriage Telephone facility Group Insurance Mediclaim policy Guest House facility Authority for MHR Visiting Cards, Letter Heads, Envelopment

19 Scope In India only 26% of Insurable Population is insured till date.
Remaining 74% of Insurable population is yet to be insured. There is a huge untapped market to explore. Scope

20 Be “One” among the “Professionals” and earn your fortune.
Only 20% of total agency force are working in a Professional Capacity. These 20% accounts for more than 80% of total Life Insurance Business. Be “One” among the “Professionals” and earn your fortune.

21 Growth Opportunities Life Insurance Market in India is projected to grow from Rs. 1,09,000 Crores to Rs. 2,60,000/- crores within 5 years time. Growth will be doubled in next 5 years. Rs. 2,60,000 Rs. 1,09,000 Amount in Crores.

22 Earning Opportunities

23 Magic of Renewal Commissions Commission (Amt. in Lacs)
Year Business In Crores Premium Income Commission (Amt. in Lacs) 1 10 3.50 0.75 0.50 2 15 5.25 1.13 3 20 7.00 1.50 1.00 4 25 8.75 1.88 1.25 5 30 10.50 2.25 6 35 12.25 2.63 1.75 7 40 14.00 3.00 2.00 8 45 15.75 3.38 9 50 17.50 3.75 100 35.00 3.5 6.00 8.88 11.88 15.13 18.00 22.38 26.38 30.63 50.88

24 Business Figures of Successful Agents
Success Stories Business Figures of Successful Agents Name Commission Rachna Jindal 72.61 Lacs/month V. D. Jain 66.22 Lacs/month Ritu Nanda 67.13 Lacs/month Amit Agarwal 45.95 Lacs/month Anshu Srivastav 41.77 Lacs/month

25 LIC CM Club Member Agent
COMPARISION Central Govt. Employee LIC CM Club Member Agent Salary Commission Pension Renewal + Pension Gratuity L. T. C. 2 Wheeler Loan 4 Wheeler (Car) Advance Office Allowance × Office Allowance Housing Loan Festival Advance Mediclaim Telephone Facility 10am-6pm OFFICE JOB OWN BOSS

26 √ √ √ √ X COMPARISION Doctor C.A. Lawyer Engineer LIC Agent Profession
Degree Investment Time Workplace Doctor C.A. Lawyer Engineer LIC Agent X

27 Time : Money √ X 10% - Retired & Unemployed 5% - Professionals 80%
- Salaried People - Agents

28 Active / Temporary Income Passive / Permanent Income
Job Royalty Profession Rent Business Interest Renewal Commission

29 Who can become LIC’s Insurance Agent?
How one can become LIC’s Insurance Agent?

30 Eligibility :- Qualities :- 2. Minimum age 18 years
1. HSC / XII passed (10 + 2) 2. Minimum age 18 years Qualities :- 1. Positive Attitude 2. Dare to Dream Big 3. Thirst for Knowledge 4. Effective Listening Skill 5. Build or Maintain Relationship 6. Willingness to Share 7. Patience

31 Documents required 3 Passport size photographs (with White Background)
Educational Proof :- 1. SSC / 10th passed Mark sheet / Certificate 2. HSC / 12th passed Mark sheet / Certificate 3. Bachelor Mark sheet / Degree Certificate (If Graduate) Age Proof :- (Any One) 1. School Leaving Certificate 2. Pan Card 3. Passport 4. Driving License Address Proof :- (Any One) 1. Ration Card 2. Passport 3. Driving License 4. Bank Statement 5. Electricity Bill 6. Telephone Bill 7. Voter ID

32 Procedure :- 2. 50 hrs Online / Offline Training
IRDA :- 1. Registration - URN 2. 50 hrs Online / Offline Training 3. Online / Offline Examination (I. I. I.) 4. IRDA issues License to Successful candidate LIC :- 1. Interview with Branch Manager 2. Agency Code allotment IRDA – Insurance Regulatory & Development Authority I.I.I. – Insurance Institute Of India

33 Fees :- 2. Training fee : Rs. 250 3. License fee: Rs. 250
1. Exam fee : Rs. 350 2. Training fee : Rs. 250 3. License fee: Rs. 250 Total: Rs. 850

34 Suryakant G. Naik Development Officer Life Insurance Corporation Of India Mobile: , Website:

35


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