Introduction of insurance of LIC

7/27/2019 Introduction of insurance of LIC

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FOREWORD

Life Insurance is not just a Piece of Paper; it is Peace ofMind. We are into the business of selling promises andcommitments to be fulfilled on a future date, may be by adifferent set of people altogether. In return for a promise thatthe Insurance Company will come forwardZindagi Ke

SaathBhiZindagi Ke Baad Bh i, the Insured is entrustinghis precious little saving in the hands of the Insurer. This putsenormous responsibility on people in the Insurance Industry toensure delivery of promises, in letter and spirit. This is possibleonly when each one of us understands what Life Insurance is,

how it works and how it can contribute to the needs of theIndustry, Society and the Nations economy.


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The Marketing people and their professionalrepresent the Organisations competitive advantage

Market. There is always a price for education but doone know the cost of ignorance? To stay ahead in thecompetitive and fast changing environment an individuto keep updating his knowledge continuously. In this cois a laudable effort to standardize training of Pros

Agents all over the country. I am sure that this isbeginning and improvements will constantly be atteEvery Prospective Agent and the person associated wwill find the Module of immense value.

Best Wishes,S B(Cha


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PREFACE

The Insurance Regulatory and Development Authority haslaid down that all those who wish to become Insurance Agentshall have completed from an approved institution, at least, onehundred hours practical training and shall pass theexamination conducted by the Insurance Institute of India,

Mumbai or any other examination body. The IRDA hasdesigned the syllabus for the same and on its basis theInsurance Institute of India has published a book- IC-33Revised (Life Insurance). There are 17 chapters in the bookwhich deals in the matter that are basic and should be knownto everybody in the Insurance Industry.


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Though the contents of the book is simple and is beingtaught by the faculties at various ATCs/DTCs, it has beendecided to standardize the module and develop power point

presentations on each chapter so that the learning is morefocused and the candidates are able to perform better. Thistraining is only the beginning and it will be our endeavor to seeour agents reaching greater heights. The role of Insuranceagents is highly rewarding and they earn the gratitude of their

customers. Learning is a never ending process and agentsshould continue to acquire more knowledge, skills andincrease their competencies. It would give us immensepleasure if suggestions are forwarded for improvement in theModule.

With best wishes,L K Dash

Executive Director (Mktg./IO/CRM)


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ACKNOWLEDGEMENTWe place on record our sincere thanks to the following 17

executives posted in the Central Office who all by the virtue ofthe knowledge they possess and by the dint of their hard workhave developed Power Point Presentations on the 17 chaptersof the book- IC- 33 Revised (Life Insurance). These entire 17executive are also Fellows of the Insurance Institute of India

and they have made lot of effort to develop the presentations.We also thank their senior officers who have supported themto give a refinement to their presentations.

1. Ms Sumitra S Shetty AO, Personnel Dept., CO

2. Shri S Srinivasan AO, P&GS Dept., CO3. Ms Supriya Suhas ChavanAAO, Investment Dept, CO


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4. Shri Subodh Bhalerao AAO, Investment Dept, CO5. Shri V J Gurjar AAO, Investment Dept, CO6. Ms Asha S Puthran AAO, Investment Dept, CO7. Ms Pushpa Naresh Rajput AAO, Investment Dept, CO8. Ms Jyoti S Joshi AAO, Actuarial Dept, CO9. Ms Shruti S SanayeAAO, Actuarial Dept, CO10. Ms Swati Nandan Vartak AAO, F&A Dept, CO

11. Ms Anna Fernandes AAO, P&GS Dept, CO12. Ms Neha Ashish Divekar AAO, P&GS Dept, CO13. Ms Anand Gurpreet Kaur AAO, PR&CC Dept, CO14. Ms Pranjali R Ghadigaonkar AAO, PR&CC Dept, CO


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15. Ms Amarjeet R Matharu AAO, Mktg./CRM Dept, CO

16. Ms Ritu S Sachdeva AAO, Mktg./IO Dept, CO

17. Shri Swaroop M Naha AAO, Mktg./IO Dept, CO

Very special thanks to Shri S J Gidwani, Secretary

General, Insurance Institute of India, without whom the project

would not have been possible, the Corporation expresses its

sincere appreciation and gratitude.

L K Dash

Executive Director (Mktg./IO/CRM)

Documents

Introduction of insurance of LIC