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Welcome you To the profession of

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.

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Welcome you To the profession of

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  1. 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

  2. Life Insurance Agency is considered as the highest paid Profession in the world. IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION

  3. 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

  4. 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 TRUE SPIRIT OF SERVING THE PEOPLE AND NATION

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

  6. 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

  7. 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

  8. 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

  9. 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

  10. 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

  11. Attractive Commission Rates On any standard policy you shall be paid commission as per the following rates. Every time aPolicy 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

  12. Magic of Renewal Commission CASH JUST FLOWS

  13. 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

  14. 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

  15. Club Membership 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

  16. 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

  17. An Agent will get International Recognition by Qualifying for MDRT ( Million Dollar Round Table) Qualifying Conditions IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION

  18. 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

  19. 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

  20. 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

  21. 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

  22. All India Performance as at 31.3.2012 LIC settles 64800 Claims every day ie., 3 Claims per second IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION

  23. 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

  24. 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

  25. 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

  26. 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

  27. 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

  28. 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) IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION

  29. Be Proud to be associated with the only Insurance Company with Maximum Awards IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION

  30. Be Proud to be associated with the only Insurance Company with Maximum Awards IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION

  31. Be Proud to be associated with the only Insurance Company with Maximum Awards IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION

  32. Performance Results of Life Insurance Companies (First Year Premium) 2011-2012 IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION

  33. Performance Results of Life Insurance Companies (Number of Policies) 2011-2012 IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION

  34. 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

  35. Performance of LIC vs Private Insurers 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

  36. INDIVIDUAL DEATH CLAIMS : LIFE INSURERS (2010-11) (Figures in per cent of Policies) IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION

  37. 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

  38. 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

  39. Coming ………. ..Working……Staying Working together in progress Staying together is Success Coming together is beginning IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION

  40. TEAM WORK TOGETHER EACH ONE OF US ACHIEVE MORE IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION

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

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