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Agency presentation

  1. 1. Thank you very much for givingme the opportunity to present to you a Wonderful Career as a LifeInsurance Agent 1
  2. 2. Life Insurance Agency is considered today asthe highest paidhard work in the world. 2
  3. 3. People have entered thisprofession from all walks of life. There have been Doctors, Engineers, Chartered Accountants, Lawyers, Business-persons, Employed,Housewives, Students and many otherswho have made good by coming to this profession. 3
  4. 4. A Life Insurance Agent renders a Social Service to not only the families that he/she covers but he/she generates funds forNation Building Activities 4
  5. 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. 5
  6. 6. Under Section 37 of the Life Insurance Corporation of India Act 1956: the sums assured by all policies issued by the Corporation includingany bonuses declared in respectthereof shall be guaranteed as to payment in cash by the Central Government.No other financial organisation in the India enjoyssuch a Guarantee 6
  7. 7. What are the minimumqualifications 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. 7
  8. 8. 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 8
  9. 9. 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 of100 hours i.e. 15 to 18 days after which the personcan 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. 9
  10. 10. Benefits of Training• Training is subsidised• License is issued by the I. R. D. A.• Thorough Knowledge of Products• Very Effective Marketing Ideas• Gives a Professional Focus 10
  11. 11. 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 thisreason a Development Officer shall accompany you for the first few meetings with your prospects. 11
  12. 12. 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. 12
  13. 13. 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. 13
  14. 14. I now present to you the profilesof some Highly Successful Life Insurance Agents. 14
  15. 15. Bharat Parekh• Consistent Performer from Nagpur.• Member of the Top of the Million Dollar Round Table. Income per annum more than Rs.4 CRORE ++ 15
  16. 16. Arvind Hirlekar • Qualified Chartered Accountant who left his profession to be a full-time Life Insurance Agent. • Court of the Table qualifier of the MillionIncome per annum Dollar Round Tablemore than Rs.1 CRORE since 1998.+++ 16
  17. 17. Commission RatesOn any standard policy that you procure you shall bepaid 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 policyEvery time a policyholder pays his premium installment,the agent receives his commission. 17
  18. 18. You create your own PensionAs years pass by theRenewal Commissionsstart building up therebyassuring you a pensionfor the next 20 to 25years. 18
  19. 19. 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 19
  20. 20. 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 20
  21. 21. The Future !!!!• See yourself as a full fledged business-person having your own office and staff.• This will earn you great respect in society. 21
  22. 22. Another Option !!! You can rise up the LIC ladder by applying to become a Development Officer for which you shall be given preference if you are already a Performing Life Insurance Agent 22
  23. 23. Would you like to take advantage of this Wonderful Opportunity????? FOR ENQUIRIES CONTACT: SHRI NARENDRA M KOLPE Sr. BUSINESS ASSOCIATE & DEVELOPMENT OFFICER Mob – 098228 95167 . SBA OFFICE : ’ GANESH KRUPA’ ,917/19B , Nr.BRITISH LIABRARY, Opp.HOTEL VAISHALI , F. C. ROAD , PUNE - 411 004 . TEL : 020 – 256 50 500 . 23
  24. 24. THANK Y OU FOR V IEWING THISPrepared BY .Sr. BUSINESS ASSOCIATE & E-MAIL – nmkolpe@yahoo.comDEVELOPMENT OFFICERMob -9822895167 24