Agents Ppt

7/29/2019 Agents Ppt

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Welcome you

To the profession of

LIFE INSURANCE ADVISORof

LIFE INSURANCE CORPORATION OF INDIA

LIFE INSURNACE

CORPORATION OF INDIA

Sandeep Salawadgi

Development officer

Hubli-1


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Life Insurance Agency is consideredas 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 CapitalInvestment.

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 otherbusinesses.

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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People from all walks of life have entered this

profession

Doctors

Engineers

Chartered Accountants

Share brokers

Lawyers

Film personalities

CEOs

Businessmen

Housewives

Students & many more

There are:


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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 RatesOn any standard policy you shall be paid commission as per the following

rates.

Up to 35% 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.

Every time a

Policy Holderpays his

instalment

premium , the

Agent receives

his

commission


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Magic of Renewal CommissionBusinessinCrs

Prmincome

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 81575000 337500 337500

9 5000000 9 1750000 375000

10 10000000

10 3500000

Commissionearned at the

end of eachyear

350000 600000 887500 1187500 1512500 1862500 2237500 2637500 3062500 5187500


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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 toagents.

Distinguishedclub

BranchManagersclub

DivisionalManagersclub

ZonalManagersClub

Chairmansclub

Corporate Club

You can also become CLIA


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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 @ 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

PerformanceMDRT 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 forMDRT

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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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.

Your Role


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All India Performance as at

31.3.2012Total Income : ` 2,87,315.38 croresTotal 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%

IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION

LIC settles 64800 Claims every day ie., 3 Claims per second


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Policies to be guaranteed by

Central Government

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 assuredby 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.

Section 37 of Life Insurance Corporation Act 1956



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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.CENTRALHYDERABAD

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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16.7818.65

21.2623.39

25.7827.83 28.629.16

'04-

05

'05-

06

'06-

07

'07-

08

'08-

09

'09-

10

'10-

11

'11-

12

385791

463147

572603

686616

809525

999518 11512011283990

'04-

05

'05-

06

'06-

07

'07-

08

'08-

09

'09-

10

'10-

11

'11-

12

Source : LIC Balance Sheet

LIC has crossed

12,00,000 Crores Life FundLICS Growth Chart


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Be Proud to be associated with the only

Insurance Company

with Maximum Awards


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Insurance Company

with Maximum Awards


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Insurance Company

with Maximum Awards



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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.

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

Coming together

is beginning

Working together

in progress

Staying together

is Success


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TEAM WORK

TOGETHER

EACH ONE OF US

ACHIEVE MORE


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For further enquiries

you can contact meat

+91-9739793453

[email protected]

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Agents Ppt