LIFE INSURNACE CORPORATION OF INDIA

Welcome you To the profession of

LIFE INSURANCE ADVISOR

of

LIFE INSURANCE CORPORATION OF INDIA

Sandeep Salawadgi Development officer Hubli-1

Life Insurance Agency is considered as the highest paid Profession in the world.

Earning Opportunities
There is no restriction on the amount of Money that one can earn

Even sky is not the limit

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

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

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?

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.

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 35% of 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. 1st

Magic of Renewal Commission

Busi ness in Crs 1 2 3 4 5 6 7 8 9 10 Prm income Y r 1 2 3 4 5 6 7 8 9 10

1000000 1500000 2000000 2500000 3000000 3500000 4000000 4500000 5000000 1000000 0

1 2 3 4 5 6 7 8 9
10

350000

75000 525000

75000 112500 700000

50000 112500 150000 875000

50000 75000 150000 187500 1050000

50000 75000 150000 187500 225000 1225000

50000 75000 150000 125000 225000 262500 1400000

50000 75000 150000 125000 150000 262500 300000 1575000

50000 75000 150000 125000 150000 175000 300000 337500 1750000

50000 75000 150000 125000 150000 175000 300000 337500 375000 350000 0

Commission earned at the end of each year

350000

600000

887500

1187500

1512500

1862500

2237500

2637500

3062500

5187500

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/-

Club Membership
Club membership is the recognition given for outstanding performance to agents.

Corporate Club Chairmans club Zonal Managers Club

Distinguished club

Branch Managers club

Divisional Managers club

You can also become CLIA

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.

An Agent will get International Recognition by Qualifying for

MDRT ( Million Dollar Round Table)

Qualifying Conditions Type of Performance Commission

MDRT
` 8,18,600

Court of the table

` 24,55,800

Top of the table

` 49,11,600

First Year Prm.

` 32,74,400

` 98,23,200

` 1,96,46,400

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

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.

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 CENTRAL (CHENNAI) (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

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

LIC has crossed 12,00,000 Crores Life Fund

LICS Growth Chart
1283990
29.16 25.7827.83 28.6 23.39 21.26 18.65 16.78

999518 809525 686616 572603 463147 385791

1151201

'04- '05- '06- '07- '08- '09- '10- '1105 06 07 08 09 10 11 12

'04- '05- '06- '07- '08- '09- '10- '1105 06 07 08 09 10 11 12

Source : LIC Balance Sheet

Be Proud to be associated with the only

Insurance Company
with Maximum Awards

Be Proud to be associated with the only

Insurance Company
with Maximum Awards

Be Proud to be associated with the only

Insurance Company
with Maximum Awards

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.

50 hrs

Field training by Development Officer.

Personal Interview Issue of Licence by IRDA.

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.

Coming . .. WorkingStaying

Coming together is beginning

Working together in progress

Staying together is Success

TEAM WORK

TOGETHER EACH ONE OF US ACHIEVE MORE

For further enquiries you can contact me at +91-9739793453 Sandeep.salawadgi@gmail.com