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Become LIC Agent in Bangalore | Join LIC as Agent

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Be your own boss from today! Become LIC agent and start living financially independent life. LIC Ajay Gupta is a one-step resource for all you want to know about Join LIC as Agent. Procedure to become LIC Agent, call now at 9845136164. – PowerPoint PPT presentation

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Title: Become LIC Agent in Bangalore | Join LIC as Agent


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 peoples 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 yet to 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 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?
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
attractive commissions On the premium you get.
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
12
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
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 60 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
Chairmans club
Zonal Managers Club
Divisional Managers club
Branch Managers 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 _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 etc.

IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
17
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
18
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
19
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
20
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
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
21
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
22
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
23
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
24
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
25
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
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
26
Be Proud to be associated with the only
Insurance Company with Maximum Awards
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
27
Be Proud to be associated with the only
Insurance Company with Maximum Awards
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
28
Be Proud to be associated with the only
Insurance Company with Maximum Awards
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
29
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
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
30
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
31
Coming . .. WorkingStaying
Working together in progress
Staying together is Success
Coming together is beginning
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
32
TEAM WORK
TOGETHER EACH ONE OF US ACHIEVE MORE
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
33
PROCESS
  • You need to undergo 25 hours IRDA
    prescribed online training
  • - costs 200/-
  • You need to pass IRDA Online
    test-objective multiple choice
  • type, 1 hour duration. 35 is
    the minimum pass marks
  • required- u need to pay 502/-
    online while scheduling the test
  • You need to pay 150/- at LIC
    counter
  • The entire process takes 2 to 3
    weeks time and total
  • investment would be 852/-

IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
34
THANK YOU
Contact Ajay Gupta Development Officer, LIC of
India. Mobile9845136164 Website
www.licajaygupta.com
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
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