This document provides information about career opportunities as an LIC agent. It summarizes some top agent performances, including Shri S. B. Choudhary who earned over Rs. 2 crore in commission in 2002. The document outlines the changing role of agents from just selling policies to providing financial advice. It highlights LIC's financial strength as India's largest insurer and asset manager, as well as its wide range of insurance products. The document concludes by inviting the audience to join LIC's team of agents and share in the business opportunities and rewards.

1. LIFE INSURANCE CORPORATION OF INDIA
WELCOMES YOU
TO A
PRESENTATION ON
LIC Agency
The tremendous business opportunities

2. Shri. S. B. Choudhary is a resident of Mumbai.
He took up LIC agency in January 2002.
During the Calender Year 2002, the commision earned by him
for the new business brought by him is:-
Rs. 2,17,95,429
In addition to this, he earned a Bonus of
Rs. 87,18,171 (40% of above)

3. Do you know how Shri. Choudhary changed his future
through his one Year’s effort?
He will receive for the coming 15 to 20 years
a Renewal Income of
Rs. 51,89,000 per year….
A cool Rs. 4,32,416 per month!

4. Some other Stalwart Performances :-
Smt. Ritu Nanda:
Daughter of the legendary Raj Kapoor; daughter-in-law of the
renowned Industrialist family- Escorts
But above all No.1 Agent of LIC Of India continouously procuring
premiums of over Rs. 8 Crores for so many years in a row……
Renewal income running into Crores!
Shri. Brijesh Kumar Bhargav
Retd. Wing Commander of Indian Air Force. Exponent in
Employer-Employee Schemes. Last Year Performance 122.31 Cr
(Rs. 1.22 Billions)
Shri. S. Kavlekar
Record-breaking performance with 11303 Policies in Year 2002-
2003…. Hailing from Goa….

5. The rules of the game have changed…….
From a person
running after you
for his business
A financial Consultant
advising you about the
need and necessity of
Insurance and one who
devises plans to meet
these needs….
The LIC Agent

6. The rules of the game have changed………..
The Corporation is looking for high net worth individuals who
can accept agency as a profession- A business worth millions!
The awareness of Insurance has increased many folds in the
recent past. Number of High Net worth individuals taking
adequate insurance on their lives (running into crores of
Rupees) have increased tremendously. This trend is visible not
only in Urban India, the value of Insurance is well understood
in semi-urban centres like Mehsana also.Last year the largest
single policy of Rs. 51 Crores came from Nathdwara!
Attractive schemes like Employer-Employee schemes,
Keyman Insurance, Bimagrams, new innovative products etc.
have created unlimited business opportunities for the
professional agent…

7. All this
Along with the pride of working with
the World’s Largest Life Insurer……..
AND
The Pride Of India
Life Insurance Corporation Of India

8. LIC is today the pride of India…….the largest Insurer
in the World !
Insurance in India is today synonymus with LIC
In a competitive Insurance market, it has a market
share of over 97% (In fact, the 12 Pvt. Insurance Cos.
together could not even complete the business done
by LIC’s top 25 Branches(out of 2048 Branches))
It has a wide range of products in its kitty, one for
every need……
It has a wide reach with 2048 fully computerised and
networked Branch Offices throughout the length and
breadth of the country.
It has an impeccable record of investor confidence…

9. L.I.C HAS THE
FULLGUARANTEE OF THE
GOVERNMENT
OFINDIA*
underSec.37of theLIC of IndiaAct,1956.

10. The LIFE FUND of LIC as
at 31st MARCH 2002 is….
Rs.2,27,009 Crores
(An increase of Rs.40,984 Crs
during 2001-2002)

11. LIC HAS A TOTAL ASSET OF…....
Rs.2,45,331 Crores
as at 31.3.2002
It is the largest Real
Estate Owner in India.

12. Total Premium Income
Rs. 48,963.60 Crores*
SOME WORKING RESULTS ……
(2001-2002)
(First Year Premium Income Alone
Rs.10,271.36 Crores.)
* Nearly Rs.150 Crores
of Premium collected/day

13. LIC today has become the pride of India…….
LIC created history in Insurance sector by registering world’s
highest business growth in 2001-2002 (137.11% in First
Premium).
LIC issued 2.32 Cr Policies in 2001-2002 :- The largest by any
Life insurer….
LIC today ranks No. 1 in the List of Top 500 Companies in India
on the basis of Net Worth (Rs.15,47,951 Million) as well as Net
Profit (Rs.2,66,277 Million) in 2001-Dun & Bradstreet (India 500).
LIC settled 87.67 Lakh Claims in the Year 2001-2002. It is the
largest number settled by any Life Insurer anywhere.
Outstanding Claims Ratio by number is 0.67% and by amount is
1.85% - This is the Lowest outstanding claim ratio of any Life
Insurance Company in the World today!

14. Claims by Death- Rs.2,141.59 Crs.
Claims by Maturity-Rs.12,214.92 Crs.
We settled 87.52 Lakh Claims in 2001-2002
LIC settles 30,336 Claims amounting
to Rs.50.24 Cr every working day!!
OUR CLAIMS PERFORMANCE (2001-2002)
This is the largest
number settled by any
Life Insurer anywhere
in the world !!!

15. Investment Pattern of LIC…
Well-diversified and secure
The investments of LIC
are governed by Sec 27 A
of Insurance Act, 1938
and Regulations
prescribed by IRDA
Investment Norms for LIC:-
Govt. Securities Not less than 25%
Other approved Sec Not less than 50%
Infrastructure + Not less than 15%
Others Not exceeding 35%

16. Robust backing to India’s Economic Development….
SOCIAL SECTOR INVESTMENTS (31.03.2002)
SECTOR TOTAL INVESTMENT
Housing Rs. 4,817.28 Cr
Electricity Rs.13,516.44 Cr
Road Transport Rs.892.44 Cr
Water Supply&Sew. Rs.3,950.28 Cr
Apex Housing Fin. Rs. 3,404.70 Cr.
TOTAL INVESTMENTS OF LIC (31.03.2002) :- Rs. 2,15,392 Cr.

17. WE AT LIC
Provide you the key
toUNLOCK
YOUR
DREAMS
Through our wide product range…….

18. Endowments Plans like….
Jeevan Anand with maturity with Bonus
at the end of selected term. Free risk cover
for the whole of life thereafter.
Jeevan Mitra Triple Cover Plan with 3 times
Risk cover.
Jeevan Saathi Plan covering risk cover of
both husband and wife in a single policy.
Health Insurance Policies like Asha Deep II
and Jeevan Asha II

19. PLANS WITH RETURN OF
MONEY AT INTERVALS
1) Money Back Policies - 20 & 25
Years
2) Jeevan Surabhi - 15, 20 & 25 years
3) Jeevan Chhaya - 18 yrs to 25 yrs term -
A Gift of love for your child
4) Jeevan Samridhi - 12, 15, 20 & 25 years
(Without Profit Plan with provision of
Guaranteed & Loyalty additions.)

20. LOW PREMIUM – HIGH RISK COVER PLANS
HIGH RISK COVER ON LOW PREMIUM
SUITABLE FOR START-IN-CAREER
RETURN OF PREMIUM ON MATURITY
ANMOLJEEVAN N.BIMA KIRAN

21. JEEVAN KISHORE
JEEVAN SUKANYA
KOMAL JEEVAN
THESE SERVE THE PURPOSE OF TAKING CARE OF
CHILDREN’S EDUCATION,START IN LIFE, ESTATE
CREATION ETC.
CHILDREN’s POLICIES

22. INSURANCE FOR
DEPENDENT HANDICAPPED
JEEVAN
AADHAR
JEEVAN
VISHWAS
To Provide For
The Welfare
Of The
Handicapped
Dependents

23. INDIVIDUALPENSION PLANS
- JEEVAN SURAKSHA
1) Provides Deferred Pension for life.
2) Option for Return of Purchase Price
on death of Annuitant.
3) Provides Pension for spouse.
4) Premium paid upto Rs.10,000 p.a. exempt from
I.T. u/s 80CCC(1)

24. INDIVIDUALPENSION PLANS
New Jeevan Akshay I
1N.Jeevan Akshay I : for ages 40 yrs to 79 yrs
 One time Single Premium starting from Rs. 25,000/-
 Pension to start immediately
 Option to receive pension monthly, quarterly, half-yearly
or Yearly.
 Option to choose the type of annuity like Pension with
Return of Purchase Price on death, family pension at
half-rates on death etc.
 Guaranteed Pension rates ranging from 6.5% to 9%
and above. Provision for yearly cash bonus also.
 IT Rebates available u/s 88 upto Rs. 70,000/- premium

25. INDIVIDUALPENSION PLANS
- N. Jeevan Akshay I
Age
Yrly. Pension for Investment*
25000 50000 100000 200000
40 1618 3290 6640 13320
50 1685 3425 6910 13860
55 1725 3505 7070 14180
60 1773 3600 7260 14560
65 1823 3700 7460 14960
*with Return of Purchase Price on death.

26. INDIVIDUALPENSION PLANS
- Varishta Bima Pension Yojana
Govt. subsidised scheme announced in Union Budget 2003
Guaranteed Pension @ 9% for ages above 55 Years
Provides return of Purchase Price on death
Max. Investment Limit for family Rs. 2,66,665 (for
monthly pension) and Rs. 2,55,845 (for yearly pension)
Min. Investment Rs. 33,335/-
Premium by local cheque or DD only.

27. INDIVIDUALPENSION PLANS
- Varishta Bima Pension Yojana
Investmt
Annuity per
Month
9%
Qrtr
9.06%
HYR
9.17%
YRLY
9.38%
50000 375 1133 2293 4690
100000 750 2267 4585 9381
200000 1500 4534 9170 18761
250000 1875 5667 11463 23452
266665 2000 - - -

28. LIC is today …….
The only Pension Provider to the nation……

30. Commission rates are dependent on theCommission rates are dependent on the
following factors :-following factors :-
 ♣Premium being paidPremium being paid
♣Type of insurance planType of insurance plan
♣Total duration ofTotal duration of
premium-premium- paymentpayment
under the planunder the plan

31. UNDER ENDOWMENT PLANs, INCLUDING JEEVAN ANANDUNDER ENDOWMENT PLANs, INCLUDING JEEVAN ANAND
PLAN, if the TOTAL PERIOD OF PREMIUM PAYMENTs isPLAN, if the TOTAL PERIOD OF PREMIUM PAYMENTs is
15 years or more commission rates are :-15 years or more commission rates are :-
1st
Year
Prem.
2nd
& 3rd
Years’ Prem.
Subsequent
Years
35%
including
bonus
commission
7.5% on
each prem.
5% on each
prem.

32. If the TOTAL PERIOD OF PREMIUMIf the TOTAL PERIOD OF PREMIUM
PAYMENTS is 10 to 14 years, rates are :PAYMENTS is 10 to 14 years, rates are :
1st
Year
Prem.
2nd
& 3rd
Years’ Prem.
Subsequent
Years
28%
including
bonus
commission
5% on each
prem.
5% on each
prem.

33. If the TOTAL PERIOD OF PREMIUMIf the TOTAL PERIOD OF PREMIUM
PAYMENTS is 05 to 09 years, rates are :PAYMENTS is 05 to 09 years, rates are :
1st
Year
Prem.
2nd
&3rd
Years’ Prem.
Subsequent
Years
14%
including
bonus
commission
5%oneach
prem.
5%oneach
prem.

34. Under Money Back Plans ( TOTAL PERIODUnder Money Back Plans ( TOTAL PERIOD
OF PREMIUM PAYMENTs 15 years or more )OF PREMIUM PAYMENTs 15 years or more )
commission rates are :commission rates are :
1st
Year
Prem.
2nd
&3rd
Years’ Prem.
Subsequent
Years
21%
including
bonus
commission
10.0%on
each prem.
6%on each
prem.

35. Single Premiums BondsSingle Premiums Bonds
III. If mode of
premium payment
is SINGLE
PREMIUM, i.e.
entire premium
is payable at the
inception,
like under Bima
Nivesh Triple
Cover commission
rate is 2% of
premium

36. 1. Bima Nivesh Triple Cover
(SINGLE PREMIUM)
This is a popular
INVESTMENT PLAN for ten
years/ten years. It’s a plan
with guaranteed Returns.
Max.Sum Assured : Rs. 10 Lacs

37. IF THE INVESTOR PAYS
A PREMIUM OF Rs.10 LAC,
COMMISSION WILL BE
Rs.19,220 (I.e.
Rs.9,61,000 * 2%)
2. ENDOWMENT PLANS
including Jeevan Anand
:
Age of the insured :
35 years
SUM ASSURED :
Rs.5 lac with A.B.
PLAN : Endowment Plan
(Table 14)

38. Mode of premium
payment : YEARLY
TTL PERIOD for
Premium Payment
: 20 years
YEARLY PREMIUM
: Rs. 25132.00

39. a. FIRST YEAR COMMISSION : Rs. 8796.00a. FIRST YEAR COMMISSION : Rs. 8796.00
including BONUS COMMN. (25132 x 35%)including BONUS COMMN. (25132 x 35%)
b. SECOND YEAR COMMISSION : Rs. 1884.90b. SECOND YEAR COMMISSION : Rs. 1884.90
(25132 x 7.5%)(25132 x 7.5%)
c. THIRD YEAR COMMISSION : Rs. 1884.90c. THIRD YEAR COMMISSION : Rs. 1884.90
(25132 x 7.5%)(25132 x 7.5%)
d. FOURTH YEAR onwards : Rs. 1256.60d. FOURTH YEAR onwards : Rs. 1256.60
(25132 x 5%)(25132 x 5%)

40. In addition, LIC provides
the professional agent
with all the modern
facilities needed for
business procuration.....
Incl. Car Loan, Computer
Allowance, Office
Equipments,Laptop, Office
Allowance to run his
personal office,
Invaluable training
Inputs(both national and
international) and a
Unique Chance to represent
the Corporation at the
Prestigious MDRT Meet held
every year at U.S.A.

41. Come on
&
Be a part of our
team!!
And be a partner in
prosperity…..

42. Let us march ahead, hand in hand!

43. L.I.C
THANK YOU