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We Welcome You. to the profession of. Life Insurance Consultant OF. We Know India Better. Life Insurance Agency is considered today as the highest paid profession in the World. Thereby giving you the satisfaction of growing rich very fast. Isn't it what u had been looking for?.
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We Welcome You to the profession of Life Insurance Consultant OF We Know India Better
Life Insurance Agency is considered today as the highest paid profession in the World Thereby giving you the satisfaction of growing rich very fast. Isn't it what u had been looking for? We Know India Better
Earning Opportunities Even Sky Is Not the LIMIT There is no restriction on the amount of money that one can earn We Know India Better
Benefits of the Profession * Go into Business of your own without Huge Capital Investment. * Freedom to set your own working hours. * Income directly proportionate to commitment & time devoted. *Work gets Easier and Less Demanding as you Grow Older. We Know India Better
MARKET POTENTIAL We Know India Better
In India only 22% of Insurable Population is Insured till date 22% Balance 78% of Insurable Population is yet to be Insured 78% There is a vast Untapped Market to explore We Know India Better
At present only 20% of Agents are working as Professionals. 20% And these 20% of agents account for more than 80% of Total Life Insurance Business. 80% We Know India Better
GROWTH POTENTIAL Life Insurance Market is Projected to Grow From Rs-35,000/- crores to Rs-1,75,000/- crores within 5 years Time. We Know India Better
People from all walks of life have entered this profession THERE ARE:- # Doctors # Engineers # Chartered Accountants # Share brokers # Lawyers # Film Personalities # Chief Executive Officers # Businessmen # Housewives # Students & many others….. We Know India Better
Just Ask your self…. If….Mahatma Gandhi (Father of the Nation)Sonia Gandhi (Congress President)Ritu Nanda (Rajkapoor’s Daughter)Mamta Bhatnagar &Deepti Bhatnagar (Daughter of an Industrialist)Abhishek Bachhan (Son of Amihabh Bachhan)Archana Bhalerao (Daughter of V N Gadgil)were & are agents of this Corporation then.. Why not people like you?
Qualities you need to possess @ Thirst for Knowledge @ Quest for Self-improvement @ Willingness to Share @ Eagerness to build Relationships @ Power to grab the opportunities @ Positive Attitude, Consistency & Perseverance We Know India Better
Your Role: *To Identify Various Customer Needs. *Suggest Suitable Life Insurance Plans From 46 powerful plans to satisfy those Needs. *Encourage them to Buy the Products. *Provide Efficient after Sales Service. We Know India Better
Support provided for Growth • Counseling, Monitoring & Motivating • Extensive Marketing & field Activity • Strong Back Office Support • Performance enhancement through competitions • 46 powerful products to cater to the needs of every individual We Know India Better
Attractive Commission Rates On any standard policy you shall be paid commission as per the following rates • Up to 25% of the 1st year premium. • 40% Bonus on the 1st year commission. • Up to 7.5% of 2nd & 3rd year premium. • Up to 5% thereafter till the policy continues. Every Time a Policyholder pays his premium the Agent receives his Commission We Know India Better
Magic of Renewal Commisions We Know India Better
You Create 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 generation to come. We Know India Better
GRATUITY Agent is eligible for Gratuity payment to the extent of Rs 1/- Lac We Know India Better
Club Membership is the recognition given for outstanding performance to agents Your Path to the Top Chairman’s Club Membership Zonal Manager’s Club Membership Division Manager’s Club Membership Branch Manager’s Club Membership Distinguished Club Membership We Know India Better
Fringe Benefits of Club Membership *Interest free advance for purchase of 2 or 4 wheeler. *Interest free advance for purchase of Personal computers, Lap tops, Office Furniture, Training, Festivals etc. *Housing Loan @ 5% p.a. interest. *Reimburesement of Office Expenses and Sales promotion Gift Items. *To avail Guest House Facility Throughout India. *Free Term Insurance and 50% concession on Group Mediclaim. * and much more.... We Know India Better
You get International fame by qualifying for: *MDRT- Million Dollar Round Table (First year commission Rs-5 Lacs) *COT- Court of The Table (First year commission Rs-15 Lacs) *TOT- Top of The Table (First year commission Rs-30 Lacs) We Know India Better
Profile of our TOT Agents(Year 2002) First Year Income Excluding Bonus Commission S.B.Choudhary Mumbai 2,17,95,429 *S.S.Poddar Mumbai 1,04,36,904 Ravindra Joshi Udaipur 88,88,183 *Ritu Nanda Delhi 63,12,399 H.D.Shah Mumbai 57,68,194 *M.R.Gupta Mumbai 55,92,832 Sanjeev Bajaj Delhi 55,74,869 *P.Rajithaa Chennai 46,02,297 Jignesh Shah Mumbai 45,44,587 B.V.Parekh Nagpur 41,60,216 *U.Goenka Kolkatta 37,97,965 H.M.Shah Mumbai 35,72,886 J.Kannan Mumbai 34,35,713 *C.V.Bheda Mumbai 30,35,450 R.S.Satoskar Mumbai 30,26,058 D.G.Kokane Pune 30,12,443 Jaydeep Kashikar Mumbai 30,00,477 We Know India Better
Our Organizational Strength Central Office - Yogakshema East West North South Central N Central S Central (Kolkata) (Mumbai) (Delhi) (Chennai) (Bhopal) (Kanpur) (Hyderabad) All India Zones -7 Division – 100 Branches 2048 Staff - 1,23.000 D.O’s – 20,000 Agents – 9,00,000 We Know India Better
LIC has crossed Rs.2,00,000 Crore life fund No. of Policies in lakhs 232 150 Life fund in crore 2,27,008.98 92 22 127,389.10 14 72,780.10 5.7 5,818.10 1,611.00 410.40 From 1957 To 2002 We Know India Better
We are No 1 in World * On Highest No Of Policies Sold in a Year. * On Highest No of Claims Settelled in a Year. * On Highest No of Policies in Force. * On Lowest Oustanding Claims ratio(0.22%). We Know India Better
We are No 1 Company in India * On Highest Net Profit for the Year. * On the Basis of Highest Net Worth. We are 2nd Largest I.T. user Company in India We Know India Better
A Life Insurance agent renders a social service to families, as well as generates funds for.... Nation Building Activities We Know India Better
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 Under SECTION 37 OF LIC ACT,1956 We Know India Better
The procedure to become a Life Insurance Agent • Minimum Age: 18 Years. • Qualification : Old SSLC/HSC/Diploma Equivalent to HSC. • Formal training for a period of 100 Hours. • Passing the Examination conducted by the Insurance Institute of India. • Personal Interview. • Issue of License by the I.R.D.A. We Know India Better
Training & Its Benefits • Customised Training. • Thorough Knowledge of products. • Effective Selling Skills. • Innovative Marketing Strategies. • Enhanced Professionalism. • Ability to build long term Customer Relations. • Goal Oriented Approach. We Know India Better
Coming... Working...Staying Coming Together Is Beginning Working Together Is Progress Staying together Is Success We Know India Better
TEAM WORK Together Each one of us Achieve More We Know India Better
Thank You Very Much For giving us the opportunity to present you a Wonderful Career as an LIFE INSURANCE AGENT OF We Know India Better
Presented By: SAMEER R. SARDESHMUKH Development Officer CELL:- 98690 87959 We Know India Better