LIC Agency as Career

Suryakant Naik
Suryakant NaikDevelopment Officer at Life Insurance Corporation of India
LIC OF INDIA
Welcomes
You!!!
Good
to
Great
Goals
Dreams
Visions
A Dream House A Dream Car
Own Office
Higher Education
(Self / Children)
World Tour
Plane Travel
Luxurious
Life
Life
Insurance
Corporation
Of India
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.
LIC has won
various Awards &
Recognitions.
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
How LIC will help
you for your Growth
& Success?
THESE PEOPLE JOIN
LIC AS AGENT Ask these people….
Ritu Nanda
Dipti Bhatnagar
Abhishek Bachhan
Ragini Yadav
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
Career as
An Insurance Advisor
(LIC Agent)
LIC’s Insurance Advisory is the Highest
Paid Profession in the World……
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
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
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
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
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
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.
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.
Earning Opportunities
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
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
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
Profession Degree Investment Time Workplace
Doctor
C.A.
Lawyer
Engineer
LIC Agent
X X X X
√ √ √ √
√ √ √ √
√ √ √ √
√ √ √ √
COMPARISION
Time : Money
√ X 10% - Retired & Unemployed
X √ 5% - Professionals
X X 80% - Salaried People
√ √ 5% - Agents
INCOME
Active / Temporary Income Passive / Permanent Income
Job Royalty
Profession Rent
Business Interest
Renewal Commission
Who can become LIC’s Insurance Agent?
How one can become LIC’s Insurance
Agent?
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
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
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
1. Exam fee : Rs. 500
2. Training fee : Rs. 150
3. Registration Fee : Rs. 150
Total: Rs. 800
Fees :-
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 :-
LIC Agency as Career
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LIC Agency as Career

  • 4. A Dream House A Dream Car Own Office Higher Education (Self / Children)
  • 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. LIC has won various Awards & Recognitions.
  • 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. How LIC will help you for your Growth & Success?
  • 11. THESE PEOPLE JOIN LIC AS AGENT Ask these people…. Ritu Nanda Dipti Bhatnagar Abhishek Bachhan Ragini Yadav
  • 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. Career as An Insurance Advisor (LIC Agent)
  • 14. LIC’s Insurance Advisory is the Highest Paid Profession in the World……
  • 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. 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. 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. 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. 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. 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. 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.
  • 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. 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. 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. Profession Degree Investment Time Workplace Doctor C.A. Lawyer Engineer LIC Agent X X X X √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ COMPARISION
  • 27. Time : Money √ X 10% - Retired & Unemployed X √ 5% - Professionals X X 80% - Salaried People √ √ 5% - Agents
  • 28. INCOME Active / Temporary Income Passive / Permanent Income Job Royalty Profession Rent Business Interest Renewal Commission
  • 29. Who can become LIC’s Insurance Agent? How one can become LIC’s Insurance Agent?
  • 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. 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. 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. 1. Exam fee : Rs. 500 2. Training fee : Rs. 150 3. Registration Fee : Rs. 150 Total: Rs. 800 Fees :-
  • 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 :-