We Welcome You

1
We Welcome You
to the profession of
Life Insurance Consultant OF
We Know India Better
2
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
3

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
4
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
5
MARKET POTENTIAL
We Know India Better
6
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
7
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
8
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
9
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
10
Just Ask your self. If.Mahatma Gandhi (Father
of the Nation)Sonia Gandhi (Congress
President)Ritu Nanda (Rajkapoors
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?

11
Qualities you need to possess
_at_ Thirst for Knowledge _at_ Quest for
Self-improvement _at_ Willingness to Share _at_
Eagerness to build Relationships _at_ Power to grab
the opportunities _at_ Positive Attitude,
Consistency Perseverance
We Know India Better
12
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
13
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
14
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
15
Magic of Renewal Commisions
Business In Crores Premium Collected Year 1 2 3 4 5
1 500000 1 175000 37500 37500 25000 25000
2 1000000 2 350000 75000 75000 50000
3 1500000 3 525000 112500 112500
4 2000000 4 700000 150000
5 2500000 5 875000
Total for the Year Total for the Year Total for the Year 175000 387500 637500 912500 1212500
We Know India Better
16
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
17
GRATUITY
Agent is eligible for Gratuity payment to the
extent of Rs 1/- Lac
We Know India Better
18
Club Membership is the recognition given for
outstanding performance to agents
Your Path to the Top
Chairmans Club Membership
Zonal Managers Club Membership
Division Managers Club Membership
Branch Managers Club Membership
Distinguished Club Membership
We Know India Better
19
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 _at_ 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
20
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
21
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
22
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.Os 20,000 Agents 9,00,000
We Know India Better
23
LIC has crossed Rs.2,00,000 Crore life fund
232
No. of Policies in lakhs
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
24
Working Results( 2001-2002) In Crores
Premium Income 48,963.60
Other Income 1,110.80
Income Form Investments 22,695.42
Total Income 72,769.82
Commission Adm. Expenses 8,677.14
Claims 14,356.51
Total Expenses 22,933.65
Total Assets 2,45,331.46
We Know India Better
25
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
26
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
27
A Life Insurance agent renders a social service
to families, as well as generates funds for....
Nation Building Activities
We Know India Better
28
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
29

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
30
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
31
Coming... Working...Staying
Coming Together Is Beginning Working Together Is
Progress Staying together Is Success
We Know India Better
32
TEAM WORK
Together Each one of us Achieve More
We Know India Better
33
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
34
Presented By SAMEER R. SARDESHMUKH Development
Officer CELL- 98690 87959
We Know India Better