1. Thank you very much for giving
me the opportunity to present to
you a Wonderful Career as a
Life
Insurance
Professional
1

2. Life Insurance Agency is
considered today as
the highest paid
hard work in the world.
www.LICwebsite.com 2

3. People have entered this
profession from all walks of life.
There have been Doctors, Engineers,
Chartered Accountants, Lawyers,
Business-persons, Employed,
Housewives, Students and many others
who have made good by coming to this
profession.
www.LICwebsite.com 3

4. A Life Insurance Agent renders
a Social Service to not only the
families that he/she covers but
he/she generates funds for
Nation
Building
Activities
www.LICwebsite.com 4

5. • The brand name LIC is today a household
name which commands the trust and
confidence of the common man.
• LIC has 2048 branches covering every
nook and corner of our vast nation.
www.LICwebsite.com 5

6. LIC’s Achievements
• Largest Insurance Company in the World
servicing more than 25 crore policyholders. (Only
4 countries in this world are bigger than LIC).
• Company having the Highest Net Worth in
India.
• Having an asset base of Rs. 8,50,000 crores.
• Settles 3 claims every 2 seconds.
• Lowest Outstanding Claim ratio of 0.7%
• Largest number of Claims settled in the World
www.LICwebsite.com 6

7. Under Section 37 of the Life
Insurance Corporation of
India Act 1956: the sums
assured by all policies issued
by the Corporation including
any bonuses declared in respect
thereof shall be guaranteed as
to payment in cash by the
Central Government.
No other financial organisation in the India enjoys
such a Guarantee www.LICwebsite.com 7

8. What are the minimum
qualifications you need to have?
You should have passed the Standard XII
examination in the 10 + 2 system and you
should have completed 18 years of age.
www.LICwebsite.com 8

9. What are the qualities you
should possess?
• Thirst for Knowledge
• Quest for Self-improvement
• Willingness to Share
• Eagerness to build Relationships
• Power to accept Rejections
www.LICwebsite.com 9

10. The Procedure to become a
Life Insurance Agent
As per the guidelines issued by the I.R.D.A. any
person aspiring to take up Life Insurance Agency
has to undergo formal training for a period of
50 hours i.e. 8 to 9 days (training can also be done
online from home) after which the person can
appear for an examination conducted by the
Insurance Institute of India. On successfully
passing this examination a License shall be
issued by the I.R.D.A.
www.LICwebsite.com 10

11. Benefits of Training
• Training is subsidised
• You are Certified by Insurance Institute of India
• Thorough Knowledge of Products
• Very Effective Marketing Ideas
• Gives a Professional Focus
www.LICwebsite.com 11

12. How do you start ?
As a thoroughly trained person you
are now ready to begin meeting
people. However due to your
inexperience you may need
supervisory support. For this
reason a Development Officer shall
accompany you for the first few
meetings with your prospects.
www.LICwebsite.com 12

13. How much time should one
devote to this business?
Life Insurance Agency can be done on
part-time or full-time basis.
Most persons start as part-timers and some
end up as full-timers.
The more the time that you devote the
more shall be the benefits.
www.LICwebsite.com 13

14. How much can one earn from
this business?
The Sky is the Limit.
There is no restriction to the amount of
money that one can earn.
www.LICwebsite.com 14

15. I now present to you the profiles
of some Highly Successful
Life Insurance Agents.
www.LICwebsite.com 15

16. Case Study No. 1
• Consistant Performer
from Nagpur.
• Member of the Top of
the Million Dollar
Round Table.
Income per annum
more than Rs. 1 Crore
www.LICwebsite.com 16

17. Case Study No. 2
• Qualified Chartered
Accountant who left
his profession to be a
full-time Life
Insurance Agent.
• Court of the Table
qualifier of the Million
Income per annum more Dollar Round Table
than Rs. 60 lakhs since 1998.
www.LICwebsite.com 17

18. Commission Rates
On any standard policy that you procure you shall be
paid the following Commission Rates :
• 35% of 1st year
premium installments
• 7.5% of 2nd & 3rd
year installments
• 5% of every year till
maturity of the policy
Every time a policyholder pays his premium installment,
the agent receives his commission.
www.LICwebsite.com 18

19. You create your own Pension
As years pass by the
Renewal Commissions
start building up thereby
assuring you a pension
for the next 20 to 25
years.
www.LICwebsite.com 19

20. Club Membership
is recognition given for outstanding
performances by agents
• Distinguished Club Membership
• Branch Manager’s Club Membership
• Divisional Manager’s Club Membership
• Zonal Manager’s Club Membership
• Chairman’s Club Membership
www.LICwebsite.com 20

21. Fringe Benefits to Club Members
• Advance for 2 wheeler or
4 wheeler
• Advance for purchase of
personal computer,
furniture, telephone, etc.
• Housing loan
• Reimbursement of
expenses on stationery,
office and sales promotion
www.LICwebsite.com 21

22. The Future !!!!
• See yourself as a
full fledged
business-person
having your own
office and staff.
• This will earn you
great respect in
society.
www.LICwebsite.com 22

23. Another Option !!!
You can rise up the LIC
ladder by applying to
become a
C.L.I.A.
for which you shall be
given preference if
you are already a
Performing Life
Insurance Agent
www.LICwebsite.com 23

24. Would you like to take advantage
Wonderful
of this
Opportunity?????
For enquiries contact:
Life Insurance Corporation of India
Greater Noida
Office: 0120-4292986
e-mail: contact@licgreaternoida.com
www.LICwebsite.com 24