Welcome you

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LIFE INSURNACE CORPORATION OF INDIA
Welcome you To the profession of
LIFE INSURANCE ADVISOR
of
LIFE INSURANCE CORPORATION OF INDIA
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Life Insurance Agency is considered as the
highest paid Profession in the world.
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Earning Opportunities
There is no restriction on the amount of Money
that one can earn
Even sky is not the limit
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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 peoples welfare.

Commitment Time Devoted Results
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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
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• 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
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Be ONE among the PROFESSIONALS And earn your
fortune
20 Professional agents
80 Business
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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
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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

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Just ask your self if..

• Smt..Ritu Nandu (Raj Kapoors 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?
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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.

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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.

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Magic of Renewal Commission
CASH JUST FLOWS
Business in Crs Prm income Yr 1 2 3 4 5 6 7 8 9 10
1 1000000 1 350000 75000 75000 50000 50000 50000 50000 50000 50000 50000
2 1500000 2 525000 112500 112500 75000 75000 75000 75000 75000 75000
3 2000000 3 700000 150000 150000 150000 150000 150000 150000 150000
4 2500000 4 875000 187500 187500 125000 125000 125000 125000
5 3000000 5 1050000 225000 225000 150000 150000 150000
6 3500000 6 1225000 262500 262500 175000 175000
7 4000000 7 1400000 300000 300000 300000
8 4500000 8 1575000 337500 337500
9 5000000 9 1750000 375000
10 10000000 10 3500000
Commission earned at the end of each year Commission earned at the end of each year 350000 600000 887500 1187500 1512500 1862500 2237500 2637500 3062500 5187500
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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
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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/-
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Club Membership
Club membership is the recognition given for
outstanding performance to agents.
Your path to the TOP
Corporate Club
Chairmans club
Zonal Managers Club
Divisional Managers club
You can also become CLIA
Branch Managers club
Distinguished club
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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 _at_ 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.

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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
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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

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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

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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.

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There
There are only 4 Countries in the world whose
population is larger than LICs Customer Base
LIC has more than 30 crores Customers only
China, USA, Indonesia and of course, India have
population of more than 30 crores
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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
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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.
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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
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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
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LIC has crossed 12,00,000 Crores Life Fund
LICS Growth Chart
Source LIC Balance Sheet
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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

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Nation Building Activities of LIC
A Life Insurance Agent renders a Social Service
to the families as well as generates funds for
.
LICs 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
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Be Proud to be associated with the only
Insurance Company with Maximum Awards
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Be Proud to be associated with the only
Insurance Company with Maximum Awards
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Be Proud to be associated with the only
Insurance Company with Maximum Awards
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Performance Results of Life Insurance Companies
(First Year Premium) 2011-2012
NO Company Name 2011-12(Crs) 2010-11(Crs) Difference Market Share
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Performance Results of Life Insurance Companies
(Number of Policies) 2011-2012
NO Company Name 2011-12(Crs) 2010-11(Crs) Difference Market Share
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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.
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Performance of LIC vs Private Insurers
Insurer 31st March 2010 Additions in 2010-11 31st March 2011
LIC Generated surplus of 22752.34 crores as at 31st March 2011. Generated surplus of 22752.34 crores as at 31st March 2011. 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
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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) Break up of claims pending -duration wise (Policies) Break up of claims pending -duration wise (Policies) Break up of claims pending -duration wise (Policies)
Insurer Total Claims Claims Paid Claims repudiated Claims written back Claims pending at the end of year 3 months gt 3 to 6 months gt6 to 12 months gt 12 months
Private 100 86.04 8.90 0.05 5.01 77.30 9.57 4.54 8.59
LIC 100 97.03 1.00 0.51 1.46 36.60 25.14 24.85 13.40
Total 100 95.58 2.04 0.45 1.93 50.51 19.82 17.91 11.76
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The procedure to become a Life Insurance Agent

• Minimum Age 18 Yrs.
• Qualification
• 12th Pass ( Where population is gt5000 ) ,
• 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
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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.

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Coming . .. WorkingStaying
Working together in progress
Staying together is Success
Coming together is beginning
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TEAM WORK
TOGETHER EACH ONE OF US ACHIEVE MORE
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THANK YOU
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION