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LIC Agency as Career

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Are you – Student, Housewife, Businessman, Professional or Retired ?

We help Students who try to earn money for higher studies.
We help Housewives to earn money by working in free time.
We help Businessmen to earn more income.
We help Professionals who want to earn enough money to support their family.

Published in: Career
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LIC Agency as Career

  1. 1. LIC OF INDIA Welcomes You!!!
  2. 2. Good to Great
  3. 3. Goals Dreams Visions
  4. 4. A Dream House A Dream Car Own Office Higher Education (Self / Children)
  5. 5. World Tour Plane Travel Luxurious Life
  6. 6. Life Insurance Corporation Of India
  7. 7. 13/7 Bomb Blast None of the Insurance company come ahead and settled the claims to the Victims family…. Except LIC LIC has settled death claims within a week.
  8. 8. LIC has won various Awards & Recognitions.
  9. 9. CNBC Awaz Consumer Award ET Brand Equity Award for Top Brand in Insurance Category Outlook Money Award for Best Life Insurer AIMA High Performance Award Readers Digest Trusted Brand Global Youth Marketing Award for Most preferred Life Insurance Company Power Brand Award Golden Peacock Award for Corporate Governance Shoppers & Consumers Insight Award MY FM Stars of Industry Award for Excellence in Life Insurance
  10. 10. How LIC will help you for your Growth & Success?
  11. 11. THESE PEOPLE JOIN LIC AS AGENT Ask these people…. Ritu Nanda Dipti Bhatnagar Abhishek Bachhan Ragini Yadav
  12. 12. People from all walks of life are working with LIC as An Insurance Agent  Doctors  Engineers  Chartered Accountants  Company Secretaries  Lawyers  Celebrities – Bollywood  CEO  Share Broker  Estate Agents  Businessmen  Housewives  Students  Artists  & many others
  13. 13. Career as An Insurance Advisor (LIC Agent)
  14. 14. LIC’s Insurance Advisory is the Highest Paid Profession in the World……
  15. 15. Benefits  High Paying & Rewarding Career  Prestigious Profession  Own Business – An Entrepreneur  No Investment  No time restrictions – Freedom (Part / Full Time)  No income limit  To fulfill dreams  Continuous Income  Professional Training  Personality Development Programs  Working with Big & Best Brand  Retirement Solution  Hereditary Commission  Gratuity  Mediclaim  Term Insurance  Club Membership  Advances for 2 / 4 wheelers  Advances for Computers / Laptops  Home Loans at Subsidies Interest rates  Social Service
  16. 16. Awards & Rewards – Club Membership  MDRT (Million Dollar Round Table) – Rs. 8.74 Lacs  COT (Court of the Table) – Rs. 26.22 Lacs  TOT (Top of the Table) – Rs. 52.44 Lacs TOT Top of the Table COT Court of the Table
  17. 17. Distinguished Club Membership Branch Manager’s Club Membership Divisional Manager’s Club Membership Zonal Manager’s Club Membership Chairman’s Club Membership Corporate Club Membership Club membership is a recognition given for outstanding performances by an advisor
  18. 18. Benefits of Club Membership  Advance for 2/4 wheelers  Computer Advance  Furniture Advance  Festival Advance  Office Allowance  Travelling facility Air fair/Railway fare  Tour Allowance  Housing Loan at subsidized rate of Interest  Advance for Daughter’s marriage  Telephone facility  Group Insurance  Mediclaim policy  Guest House facility  Authority for MHR  Visiting Cards, Letter Heads, Envelopment
  19. 19. In India only 26% of Insurable Population is insured till date. Remaining 74% of Insurable population is yet to be insured. There is a huge untapped market to explore. 24% 76% Insurable Population Insured Not Insured Scope
  20. 20. Only 20% of total agency force are working in a Professional Capacity. These 20% accounts for more than 80% of total Life Insurance Business. Be “One” among the “Professionals” and earn your fortune.
  21. 21. Growth Opportunities Life Insurance Market in India is projected to grow from Rs. 1,09,000 Crores to Rs. 2,60,000/- crores within 5 years time. 2015 - 16 2020 -21 Rs. 1,09,000 Amount in Crores. Rs. 2,60,000 Growth will be doubled in next 5 years.
  22. 22. Earning Opportunities
  23. 23. Magic of Renewal CommissionsYear BusinessIn Crores Premium Income Commission (Amt. in Lacs) 1 1 10 3.50 0.75 0.75 0.50 0.50 0.50 0.50 0.50 0.50 0.50 2 2 15 5.25 1.13 1.13 0.75 0.75 0.75 0.75 0.75 0.75 3 3 20 7.00 1.50 1.50 1.00 1.00 1.00 1.00 1.00 4 4 25 8.75 1.88 1.25 1.25 1.25 1.25 1.25 5 5 30 10.50 2.25 2.25 1.50 1.50 1.50 6 6 35 12.25 2.63 2.63 1.75 1.75 7 7 40 14.00 3.00 3.00 2.00 8 8 45 15.75 3.38 3.38 9 9 50 17.50 3.75 10 10 100 35.00 3.5 6.00 8.88 11.88 15.13 18.00 22.38 26.38 30.63 50.88
  24. 24. Success Stories Business Figures of Successful Agents Name Commission Rachna Jindal 72.61 Lacs/month V. D. Jain 66.22 Lacs/month Ritu Nanda 67.13 Lacs/month Amit Agarwal 45.95 Lacs/month Anshu Srivastav 41.77 Lacs/month
  25. 25. Central Govt. Employee LIC CM Club Member Agent Salary Commission Pension Renewal + Pension Gratuity Gratuity L. T. C. L. T. C. 2 Wheeler Loan 4 Wheeler (Car) Advance Office Allowance × Office Allowance Housing Loan Housing Loan Festival Advance Festival Advance Mediclaim Mediclaim Telephone Facility Telephone Facility 10am-6pm OFFICE JOB OWN BOSS COMPARISION
  26. 26. Profession Degree Investment Time Workplace Doctor C.A. Lawyer Engineer LIC Agent X X X X √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ COMPARISION
  27. 27. Time : Money √ X 10% - Retired & Unemployed X √ 5% - Professionals X X 80% - Salaried People √ √ 5% - Agents
  28. 28. INCOME Active / Temporary Income Passive / Permanent Income Job Royalty Profession Rent Business Interest Renewal Commission
  29. 29. Who can become LIC’s Insurance Agent? How one can become LIC’s Insurance Agent?
  30. 30. Eligibility :- 1. SSC Passed (10 th) 2. Minimum Age 18 years Qualities :- 1. Positive Attitude 2. Dare to Dream Big 3. Thirst for Knowledge 4. Effective Listening Skill 5. Build or Maintain Relationship 6. Willingness to Share 7. Patience
  31. 31. Documents required 4 Passport size photographs (with White Background) Educational Proof :- 1. SSC / 10th Board Certificate 2. HSC / 12th Mark sheet / Certificate Age Proof :- (Any One) 1. School Leaving Certificate 2 Birth Certificate Identity Proof :- 1. Pan Card 2. AADHAR Card Address Proof :- (Any One) 1. AADHAR Card 2. Ration Card 3. Electricity Bill 4. Telephone Bill Bank Details :- (Any One) 1. Cancelled Cheque 2. Bank Passbook
  32. 32. Procedure :- IRDA :- 1. Registration - URN 2. Online Examination (I. I. I.) 3. LIC issues License to Successful candidate LIC :- 1. Interview with Branch Manager 2. Agency Code allotment IRDA – Insurance Regulatory & Development Authority I.I.I. – Insurance Institute Of India
  33. 33. 1. Exam fee : Rs. 500 2. Training fee : Rs. 150 3. Registration Fee : Rs. 150 Total: Rs. 800 Fees :-
  34. 34. Suryakant G. Naik Development Officer Life Insurance Corporation of India Mobile: 944 955 6584 Email: suryakant.naik@yahoo.co.in Website: www.CareerLIC.in -: Contact :-

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