This document provides information about becoming a Life Insurance Corporation of India (LIC) agent, including the application process and benefits. It outlines the commission structures for different policy types in the first few years. It also describes the benefits agents can receive as members of LIC's different agent clubs, including loans, reimbursements, and group insurance coverage. Finally, it discusses the Million Dollar Round Table (MDRT), an international organization for top life insurance professionals that offers networking opportunities and prestige for qualified agent members.

1. SUSHMA NALAPURE
DEVELOPMENT OFFICER
LIC OF INDIA
CAREER AS LIC AGENT
APPLY ONLINE AT : www.joinlicmumbai.net
www.joinlicmumbai.net

2. YEAR
1ST TYPE
(ENDOWMENT)
2ND TYPE
(MONEY BACK)
1ST YEAR 25% 15%
BONUS COMM. 40% OF COMM 40% COMM
2ND YEAR 7.5% 10%
3RD YEAR 7.5% 10%
4TH YEAR onwards 5.0% 6.0%

3. IF Rs. 10000/- collected as Yearly premium for a 20 year
Policy and the Policy Holder pays the Premium Regularly ....
The Benefits are :
ENDOWMENT TYPE
1ST Y – 10000 X 25%  2500-00
BONUS 2500 X 40% 1000-00
2ND Y –10000 X 7.5%  750-00
3RD Y – 10000 X 7.5.%  750-00
4TH Y
TO 20Y-10000X5%X17  8500-00
(17 y)
13500-00
MONEY BACK TYPE
1ST Y – 10000 X 15%  1500-00
BONUS 1500 X 40%  600-00
2ND Y –10000 X 10% 1000-00
3RD Y – 10000 X 10%  1000-00
4TH Y
TO 20Y-1000X6%X17  10200-00
(17 y)
14300-00
APPLY ONLINE AT : www.joinlicmumbai.net

4. AGENT  SPOUSE  CHILDREN
ELIGIBILITY : DEATH AFTER 2 YEARS OF SERVICE & RS. 1,00,000/- S.A.
IN FORCE Then COMMISSION WILL BE PAYABLE TO LEGAL HEIRS.
IN CASE OF E.R.C. AGENTS  COMMISSION WILL BE PAYABLE TO THE
LEGAL HEIRS.

5. NEW AGENTS WILL BE TRAINED AT AGENT TRAINING
CENTRES ( A.T.C. ) PRIOR TO QUALIFYING TEST.
BASING ON THE PERFORMANCE FREE TRAINING WILL
BE PROVIDED AT 
D.T.C.
S.T.C.
Z.T.C.

6. CLUB MEMBERSHIP
DIFFERENT FRINGE BENEFITS ARE AVAILBLE FOR ALL
CLUB MEMBER AGENTS
APPLY ONLINE AT : www.joinlicmumbai.net

7. BENEFITS TO CLUB MEMBERS
APPLY ONLINE AT : www.joinlicmumbai.net
a

8. BENEFITS TO CLUB MEMBERS

9. BENEFITS TO CLUB MEMBERS

10. BENEFITS TO CLUB MEMBERS
ONELY FOR
CM
ZM
DM
CLUB MEMBER AGENTS

11. Agents Club. Basic Loan @
5%
Interest.
Extended Loan
@ 7.5 %
Interest.
Total Loan.
Corporate Club. 8,50,000 9,50,000 18,00,000
CM Club. 8,50,000 9,50,000 18,00,000
ZM Club. 7,45,000 8.55,000 16,00,000
DM Club. 6,45,000 7,55,000 14,00,000
APPLY ONLINE AT : www.joinlicmumbai.net

12. BENEFITS TO CLUB MEMBERS

13. BENEFITS TO CLUB MEMBERS
OFFICE EQUIPMENTS
Table,chairs,Storewels,
FillingCabinets,racks,
Weighing Machine,
WallClock,AC,Cooler,
Generator/Inverter
Computor,Fax,Lap-top
ComputorTable,sofa,Server,LCD Monitor,
ADVANCE FOR PURCHASE OF OFFICE EQUIPMENTS

14. BENEFITS TO CLUB MEMBERS
For CM &ZM Club reimbursement for Land
line and /or Mobile Phone call charges
as under.
CM club…..Rs 6000/- per year.
ZM club…..Rs 4000/- per year.
For DM &BM Club reimbursement for
Mobile Phone call charges as under.
DM club…..Rs 2400/- per year.
BM club…..Rs 1800/- per year.

15. MEMBERSHIP SUM ASSURED
CORPORATE CLUB 5,20,000
CM CLUB MEMBER 2,80,000
ZM CLUB MEMBER 1,20,000
DM CLUB MEMBER 70,000
BM CLUB MEMBER 40,000
Cover available to the Agents who are 65 years or below. For Agents above
Age 65 Corporation gives a memento in lieu of the group insurance cover.

16. BENEFITS TO CLUB MEMBERS
Chance to attend convention
Corporate Club : Airfare
Chairman’s Club : Airfare
Zonal manager’s Club : AC 2tier
Divisional Manager’s Club : 1st class
Branch manager’s Club : 1st. Class
( Where 1st.class boggy not available then A.C 2 tier. )

17. APPLY ONLINE AT : www.joinlicmumbai.net

18.  WHAT IS MDRT ?
APPLY ONLINE AT : www.joinlicmumbai.net

20. MDRT is:
• Founded in 1927, the Million Dollar Round Table (MDRT),
MDRT membership is recognized internationally as the
standard of sales excellence in the life insurance and
financial services.
International – 65,000 members in 78 countries &
represents 430 insurance companies.
U.S…53%, Japan…9%, Canada… 4%,
Singapore… 3% , Hong Kong…5%.
• The premier association of
Insurance Agents

21. IT IS
DREAM
OF EVERY PROFESSIONAL
LIFE INSURANCE AGENT…!

22. Purposes Include:
• To elevate professional standards
and prestige of insurance
advisors.

23. Zone TOT COT MDRT TOTAL
WZ 27 99 1960 2086
SCZ 1 19 786 806
NZ 4 29 666 699
EZ 2 18 443 463
SZ NIL 9 412 421
NCZ 1 5 302 308
CZ 8 8 238 254
ECZ NIL 1 198 199
ALL INDIA 43 188 5005 5236
L.Y. 2012 38 163 4610 4811
MDRT 2013

24. • MDRT:
Rs.8,36,100/- F.Y. Commission
(Without Bonus)
OR
Rs.33,44.000/- First Year premium.
.2014 Requirements

25. Benefits of Membership
• Increased prestige, self-esteem and confidence
• Professional development
• Networking opportunities
• Increased quality of life
• Achieving personal goals
• Leadership opportunities within MDRT
• Public relations
APPLY ONLINE AT : www.joinlicmumbai.net

26. Benefits of Membership
• Political and charitable involvement opportunities
• Support system for business and personal needs
• Increased production through exchange of ideas with peers

27. MDRT Annual
Meeting
• The MDRT Annual Meeting
is the life insurance industry’s
sales meeting “par excellence.”
• Three-day meeting features
breakfast seminars, morning
Main Platform presentations and afternoon and
evening sessions.
• Approximately 7,000 MDRT qualifiers and special
guests attend each year, including company CEOs,
company marketing officers and non-member general
agents/managers.

28. INCENTIVES AND SUPPORT TO MDRT AGENTS
1) An interest free advance, maximum up to ` 80,000, is
paid to all MDRT Agents who attend the MDRT
Annual Meet.
2) MDRT agents are also entitled to ‘out of pocket’
expenses of 15,000 for attending the MDRT Annual
Meet.
3) Interest free advance for purchase of Laptop up to a
maximum of 80,000 for
4) Reimbursement of MDRT registration fees who
attend MDRT Meet and submit their Certificate of
Attendance.

29. Thank you