LIC is India's largest life insurance company with over 1.16 lakh employees and 1.2 million agents [SENTENCE 1]. It had over 36 million new policies last year and a market share of over 83% [SENTENCE 2]. Being an LIC agent provides an independent career with flexibility, training, rewards and benefits like a pension scheme [SENTENCE 3].
EXCELLENT OPPURTUNITY FOR BRIGHT CAREER
• IF YOU ARE LOOKING FOR ORGANISATION WHERE YOU
• DECIDE YOUR OWN TIMINGS TO WORK,
• CAN EARN AS MUCH YOU WANT AND
• PROVIDES EVER INCREASING INCOME,
• FACILITY OF CAR
• TELEPHONE
• COMPUTER ETC.
AND ALSO SECURED FUTURE
JOIN AS AGENT OF LIFE INSURANCE CORPORATION OF INDIA
OPPURTUNITY FOR MALE/FEMALES/HOUSEWIVES/C.A.’S/ OR ANY
PERSON ZEAL TO GET ALONG WITH PEOPLE
ALSO CONTACT FOR INSURANCE PLAN FOR YOUR NEEDS
SANJEEV HANDA
Sr. Business Associate
9810163246
handa1502@gmail.com
LIC Agent Training, Recruitment by Raj SharmaRaj Sharma
The document discusses requirements and process for becoming a Life Insurance Corporation (LIC) agent in India. LIC is India's largest life insurance company established in 1956 to serve rural and economically disadvantaged populations. To become an LIC agent one must have a 12th standard pass, be age 18 or older, undergo 100 hours of online and offline training, and pass an examination administered by the Insurance Regulatory and Development Authority. The document provides contact information for an experienced LIC agent who can provide assistance with the application process.
LIC was established in 1956 and is fully owned by the Government of India. It has a large market share and offers a wide range of insurance products. However, it is facing challenges in the southern region of India. To address this, LIC should increase the number of agents, offer higher commissions, and provide free health insurance to attract more customers aged 20-35 years old in the south.
The document discusses how AgentsBids helps life insurance agents more easily sell policies by connecting them with local leads. AgentsBids provides thousands of valid leads who want to buy life insurance from agents in their area. Agents can view lead details and purchase single leads through the AgentsBids platform. The company also offers agents CRM tools to manage leads and customers as well as the ability to create and sell local deals.
LIFE INSURANCE INDUSTRY IN TRANSITION PHASE
CHANGING WITH TIME
1 Still selling video cassette?
2. Are u getting royalty if old book?
3. Does he have computer, email, smartphone?
4. Does he use software for sales?
5. Do u arrange any training for them?
The document discusses the advantages of pursuing a career as an LIC agent. It notes that most wealthy individuals are self-made business owners rather than employees. Given India's large working age population and lack of sufficient job growth, entrepreneurship is needed. Becoming an LIC agent provides an opportunity to enter business with little capital investment. While some may be apprehensive about marketing skills or competition, the document asserts that proper training can help agents earn over 1 lakh rupees per month within 3 years by building a trusted client base and receiving lifetime royalty payments and referrals. Those interested in leaving a trail where no path exists rather than following an existing path are well-suited for this career.
The document summarizes Colonial Voluntary Benefits' products and opportunities for career producers. It outlines the growing market for voluntary insurance benefits, Colonial's product offerings, compensation structure including commissions and bonuses, and career path opportunities. Producers can earn over $96,000 in their first year opening cases and receive ongoing commissions from renewals. The timing is right given many employers' interest in introducing new voluntary benefits.
Dear Friend ,
You Are Searching For Highest Paid Profession in The World ??.
Come & Joint With Us As a Team Member & Grove Together .
Bharat Thakkar
LIC , Development Officer
Ahmedabad
98253 29660
Let's See The Dream Plan In Video Then Decides.
All The Best For New Horizons Of The Life Friend.
EXCELLENT OPPURTUNITY FOR BRIGHT CAREER
• IF YOU ARE LOOKING FOR ORGANISATION WHERE YOU
• DECIDE YOUR OWN TIMINGS TO WORK,
• CAN EARN AS MUCH YOU WANT AND
• PROVIDES EVER INCREASING INCOME,
• FACILITY OF CAR
• TELEPHONE
• COMPUTER ETC.
AND ALSO SECURED FUTURE
JOIN AS AGENT OF LIFE INSURANCE CORPORATION OF INDIA
OPPURTUNITY FOR MALE/FEMALES/HOUSEWIVES/C.A.’S/ OR ANY
PERSON ZEAL TO GET ALONG WITH PEOPLE
ALSO CONTACT FOR INSURANCE PLAN FOR YOUR NEEDS
SANJEEV HANDA
Sr. Business Associate
9810163246
handa1502@gmail.com
LIC Agent Training, Recruitment by Raj SharmaRaj Sharma
The document discusses requirements and process for becoming a Life Insurance Corporation (LIC) agent in India. LIC is India's largest life insurance company established in 1956 to serve rural and economically disadvantaged populations. To become an LIC agent one must have a 12th standard pass, be age 18 or older, undergo 100 hours of online and offline training, and pass an examination administered by the Insurance Regulatory and Development Authority. The document provides contact information for an experienced LIC agent who can provide assistance with the application process.
LIC was established in 1956 and is fully owned by the Government of India. It has a large market share and offers a wide range of insurance products. However, it is facing challenges in the southern region of India. To address this, LIC should increase the number of agents, offer higher commissions, and provide free health insurance to attract more customers aged 20-35 years old in the south.
The document discusses how AgentsBids helps life insurance agents more easily sell policies by connecting them with local leads. AgentsBids provides thousands of valid leads who want to buy life insurance from agents in their area. Agents can view lead details and purchase single leads through the AgentsBids platform. The company also offers agents CRM tools to manage leads and customers as well as the ability to create and sell local deals.
LIFE INSURANCE INDUSTRY IN TRANSITION PHASE
CHANGING WITH TIME
1 Still selling video cassette?
2. Are u getting royalty if old book?
3. Does he have computer, email, smartphone?
4. Does he use software for sales?
5. Do u arrange any training for them?
The document discusses the advantages of pursuing a career as an LIC agent. It notes that most wealthy individuals are self-made business owners rather than employees. Given India's large working age population and lack of sufficient job growth, entrepreneurship is needed. Becoming an LIC agent provides an opportunity to enter business with little capital investment. While some may be apprehensive about marketing skills or competition, the document asserts that proper training can help agents earn over 1 lakh rupees per month within 3 years by building a trusted client base and receiving lifetime royalty payments and referrals. Those interested in leaving a trail where no path exists rather than following an existing path are well-suited for this career.
The document summarizes Colonial Voluntary Benefits' products and opportunities for career producers. It outlines the growing market for voluntary insurance benefits, Colonial's product offerings, compensation structure including commissions and bonuses, and career path opportunities. Producers can earn over $96,000 in their first year opening cases and receive ongoing commissions from renewals. The timing is right given many employers' interest in introducing new voluntary benefits.
Dear Friend ,
You Are Searching For Highest Paid Profession in The World ??.
Come & Joint With Us As a Team Member & Grove Together .
Bharat Thakkar
LIC , Development Officer
Ahmedabad
98253 29660
Let's See The Dream Plan In Video Then Decides.
All The Best For New Horizons Of The Life Friend.
People work to earn income, that's so obvious, right? So what is wrong in earning some more in this rapidly increasing economy. We're there to guide you to succeed in your business. All you need to do is grab this opportunity and become LIC Advisor. Training and other relevant support needed for the work will be provided from our side. Visit www.getmelic.com for more details
This document promotes becoming an agent for Life Insurance Corporation of India (LIC), highlighting the benefits such as being self-employed with no capital requirements, unlimited income potential, and lifelong renewal commissions. It notes that LIC agency offers one of the highest-paid professions worldwide and that there is a large untapped insurance market in India. The document provides commission rates agents can earn and emphasizes that agents only need a high school education to qualify. It encourages readers to join LIC agency to gain financial freedom and security.
This document advertises becoming a life insurance agent with LIC of India. It highlights that agents can start their own business with zero investment, set their own hours, and top agents can earn 6 crores annually. Becoming an agent provides an opportunity to help people save for retirement and education while building a stable career and income stream. The LIC offers training, support, products, and rewards to help agents succeed and has opportunities for growth as the insurance market expands.
The document is a letter from Bharat Thakkar, a Development Officer at LIC, inviting the reader to become an insurance advisor with LIC. It outlines the benefits of becoming an LIC insurance advisor such as unlimited income potential, lifelong commissions, low barrier to entry with just a 12th grade education required and no upper age limit. It also highlights LIC's reputation and market dominance in India as the largest and most trusted insurance company. Tables are included showing projected annual income growth over a 15 year period ranging from Rs. 4.9 lakhs in year 1 to over Rs. 1 crore in year 15 by selling insurance plans.
Vivek Gupta gives a presentation about becoming an MDRT insurance agent. He outlines the benefits which include high earning potential, unique pensions, promotions, and sense of achievement. MDRT agency offers over Rs. 12 lakh in first year commissions and hereditary and renewal commissions. Success stories are shared of agents earning over Rs. 2 crore annually. The process to become an agent requires tests, training, and licensing. Becoming an MDRT agent provides financial security, status, and an opportunity for those with communication skills and a desire to be businessmen.
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.
Marketing Idea for Bharti AXA life insurance Jayesh Gawde
1. The document outlines a marketing strategy to promote life insurance products to urban women in India between the ages of 25-55.
2. It proposes targeting this demographic through advertising on television, women's magazines, and digital channels. Experiential marketing events like savings seminars are also suggested.
3. The goal is to educate women on the benefits of life insurance for themselves and their families, and empower them to make independent financial decisions. Products will focus on helping conserve female wealth.
LIC is a major insurance brand in India. The document discusses the career opportunities and benefits of becoming an LIC agent. It notes that agents can earn attractive commissions through selling policies and qualifying for various club memberships. The career allows flexibility to work part-time and agents gain public recognition. With India's underpenetrated insurance market and growing middle class, there are significant growth opportunities for agents.
Academic project with an objective to break conventional and conditioned pattern of thinking and to induce associative thinking by appying learnings from different industries and domiains
This document provides information on consumers' perceptions of various financial products in India. It shows that life insurance is the most popular financial product, with 61% of Indians having a life insurance policy. The largest insurer is LIC India, holding a 50% market share. When asked which insurer they would purchase from, 18% said LIC India. The document also outlines AIM India's vision, mission, services, products, organizational structure, recruitment process, and sales process. It shares insights from a customer survey on preferred investment options and perceptions of different insurers. Suggestions are provided to improve promotion of financial products and services.
become LIC & Star Health Insurance agentjkkhanduja
This document advertises an opportunity to join an insurance agency team. It outlines that the role pays well and can be a career for individuals from all backgrounds. It details the minimum qualifications, which are 10th grade education in rural areas and 12th grade in urban areas. Agents will undergo 50 hours of training and exams. Upon passing, they will be licensed by IRDA and can start earning commissions by selling insurance products. The role offers ongoing commissions over the lifetime of policies sold, allowing one to create a pension. Additional benefits include club memberships, loans, and reimbursements.
LIC OF INDIA, AGENT LIC, BE AN INSURANCE AGENT, LIC SURATVinodkumar Hariani
The document describes the opportunities available in becoming a life insurance advisor with Life Insurance Corporation of India (LIC). It highlights that life insurance agency is one of the highest paid professions worldwide with no limit on earnings. As an LIC advisor, one can earn commissions from new policies as well as ongoing renewal commissions with no mandatory retirement age. It promotes the career opportunities, training, support and benefits available to agents.
LIC was established in 1956 and is the largest life insurance company in India. It primarily serves rural and socially/economically backward sections of society. LIC offers various insurance policies and savings features to promote money saving. It is highly development-oriented, conducting extensive training programs both internally and through partnerships with management schools. Training aims to increase employee skills, versatility, and adaptability to improve job performance. LIC employs various training strategies including standard, role-based, and sales training programs using on-the-job, off-the-job, and technology-based methods.
The Life Insurance Corporation of India (LIC) was established in 1956 and is wholly owned by the Government of India. It has over 200 million policyholders, making it the largest life insurer in India. LIC has a strong presence across India with over 2,000 offices and 1.2 million agents. It has assets of over 5 trillion rupees and contributes significantly to the Indian government's expenses and economic development projects. LIC offers a variety of insurance and pension plans to Indian customers.
SERVICE DIFFERNTIATING OF LIC AND BAJAJ ALLIANZ - a comparision on 7p's of se...Sunny Gandhi
LIC and Bajaj Allianz both utilize various communication channels. Within their organizations, they use websites and help centers to provide customers information. Outside their organizations, they rely on advertisements through television, radio, and social media to promote their brands and positioning. While LIC has traditionally focused on slogans emphasizing protection throughout life, Bajaj Allianz aims to position itself as offering comprehensive insurance solutions. Both companies prepare advertising to achieve communication objectives and effectively place their image in customers' minds.
- Life insurance first came to India from England in 1818, with the Oriental Life Insurance Company starting as the first life insurer.
- The Insurance Act of 1912 was passed to regulate the insurance business, requiring actuarial certification of premium rates and valuations.
- The LIC Act was passed in 1956 leading to the nationalization of the insurance industry and creation of LIC as a statutory body.
- Today, LIC dominates the Indian life insurance market as the largest insurer, though private players have gained significant share in recent years.
LIC is a major insurance brand in India. The document discusses the career opportunities and benefits of becoming an LIC agent. It outlines the job responsibilities of agents in prospecting, needs analysis, plan presentation, and after-sales service. Agents can earn attractive commissions and qualify for various club memberships and benefits based on performance. The insurance market in India is growing rapidly, providing significant potential for agents.
Associate agent/ Agency Ownership with Farmers Insurance Farmers Insurance
Donald Swanson recruits entrepreneurs to become Farmers Insurance agency owners. There are three paths to ownership - Associate Agent, Protégé, or purchasing an existing agency. As an Associate or Protégé, candidates receive training and mentoring and have the opportunity to be granted an agency after meeting requirements. Qualified graduates can start a new agency, purchase an existing one, or be assigned customer accounts. The training program and corporate support help new agency owners succeed financially and build long-term businesses.
People work to earn income, that's so obvious, right? So what is wrong in earning some more in this rapidly increasing economy. We're there to guide you to succeed in your business. All you need to do is grab this opportunity and become LIC Advisor. Training and other relevant support needed for the work will be provided from our side. Visit www.getmelic.com for more details
This document promotes becoming an agent for Life Insurance Corporation of India (LIC), highlighting the benefits such as being self-employed with no capital requirements, unlimited income potential, and lifelong renewal commissions. It notes that LIC agency offers one of the highest-paid professions worldwide and that there is a large untapped insurance market in India. The document provides commission rates agents can earn and emphasizes that agents only need a high school education to qualify. It encourages readers to join LIC agency to gain financial freedom and security.
This document advertises becoming a life insurance agent with LIC of India. It highlights that agents can start their own business with zero investment, set their own hours, and top agents can earn 6 crores annually. Becoming an agent provides an opportunity to help people save for retirement and education while building a stable career and income stream. The LIC offers training, support, products, and rewards to help agents succeed and has opportunities for growth as the insurance market expands.
The document is a letter from Bharat Thakkar, a Development Officer at LIC, inviting the reader to become an insurance advisor with LIC. It outlines the benefits of becoming an LIC insurance advisor such as unlimited income potential, lifelong commissions, low barrier to entry with just a 12th grade education required and no upper age limit. It also highlights LIC's reputation and market dominance in India as the largest and most trusted insurance company. Tables are included showing projected annual income growth over a 15 year period ranging from Rs. 4.9 lakhs in year 1 to over Rs. 1 crore in year 15 by selling insurance plans.
Vivek Gupta gives a presentation about becoming an MDRT insurance agent. He outlines the benefits which include high earning potential, unique pensions, promotions, and sense of achievement. MDRT agency offers over Rs. 12 lakh in first year commissions and hereditary and renewal commissions. Success stories are shared of agents earning over Rs. 2 crore annually. The process to become an agent requires tests, training, and licensing. Becoming an MDRT agent provides financial security, status, and an opportunity for those with communication skills and a desire to be businessmen.
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.
Marketing Idea for Bharti AXA life insurance Jayesh Gawde
1. The document outlines a marketing strategy to promote life insurance products to urban women in India between the ages of 25-55.
2. It proposes targeting this demographic through advertising on television, women's magazines, and digital channels. Experiential marketing events like savings seminars are also suggested.
3. The goal is to educate women on the benefits of life insurance for themselves and their families, and empower them to make independent financial decisions. Products will focus on helping conserve female wealth.
LIC is a major insurance brand in India. The document discusses the career opportunities and benefits of becoming an LIC agent. It notes that agents can earn attractive commissions through selling policies and qualifying for various club memberships. The career allows flexibility to work part-time and agents gain public recognition. With India's underpenetrated insurance market and growing middle class, there are significant growth opportunities for agents.
Academic project with an objective to break conventional and conditioned pattern of thinking and to induce associative thinking by appying learnings from different industries and domiains
This document provides information on consumers' perceptions of various financial products in India. It shows that life insurance is the most popular financial product, with 61% of Indians having a life insurance policy. The largest insurer is LIC India, holding a 50% market share. When asked which insurer they would purchase from, 18% said LIC India. The document also outlines AIM India's vision, mission, services, products, organizational structure, recruitment process, and sales process. It shares insights from a customer survey on preferred investment options and perceptions of different insurers. Suggestions are provided to improve promotion of financial products and services.
become LIC & Star Health Insurance agentjkkhanduja
This document advertises an opportunity to join an insurance agency team. It outlines that the role pays well and can be a career for individuals from all backgrounds. It details the minimum qualifications, which are 10th grade education in rural areas and 12th grade in urban areas. Agents will undergo 50 hours of training and exams. Upon passing, they will be licensed by IRDA and can start earning commissions by selling insurance products. The role offers ongoing commissions over the lifetime of policies sold, allowing one to create a pension. Additional benefits include club memberships, loans, and reimbursements.
LIC OF INDIA, AGENT LIC, BE AN INSURANCE AGENT, LIC SURATVinodkumar Hariani
The document describes the opportunities available in becoming a life insurance advisor with Life Insurance Corporation of India (LIC). It highlights that life insurance agency is one of the highest paid professions worldwide with no limit on earnings. As an LIC advisor, one can earn commissions from new policies as well as ongoing renewal commissions with no mandatory retirement age. It promotes the career opportunities, training, support and benefits available to agents.
LIC was established in 1956 and is the largest life insurance company in India. It primarily serves rural and socially/economically backward sections of society. LIC offers various insurance policies and savings features to promote money saving. It is highly development-oriented, conducting extensive training programs both internally and through partnerships with management schools. Training aims to increase employee skills, versatility, and adaptability to improve job performance. LIC employs various training strategies including standard, role-based, and sales training programs using on-the-job, off-the-job, and technology-based methods.
The Life Insurance Corporation of India (LIC) was established in 1956 and is wholly owned by the Government of India. It has over 200 million policyholders, making it the largest life insurer in India. LIC has a strong presence across India with over 2,000 offices and 1.2 million agents. It has assets of over 5 trillion rupees and contributes significantly to the Indian government's expenses and economic development projects. LIC offers a variety of insurance and pension plans to Indian customers.
SERVICE DIFFERNTIATING OF LIC AND BAJAJ ALLIANZ - a comparision on 7p's of se...Sunny Gandhi
LIC and Bajaj Allianz both utilize various communication channels. Within their organizations, they use websites and help centers to provide customers information. Outside their organizations, they rely on advertisements through television, radio, and social media to promote their brands and positioning. While LIC has traditionally focused on slogans emphasizing protection throughout life, Bajaj Allianz aims to position itself as offering comprehensive insurance solutions. Both companies prepare advertising to achieve communication objectives and effectively place their image in customers' minds.
- Life insurance first came to India from England in 1818, with the Oriental Life Insurance Company starting as the first life insurer.
- The Insurance Act of 1912 was passed to regulate the insurance business, requiring actuarial certification of premium rates and valuations.
- The LIC Act was passed in 1956 leading to the nationalization of the insurance industry and creation of LIC as a statutory body.
- Today, LIC dominates the Indian life insurance market as the largest insurer, though private players have gained significant share in recent years.
LIC is a major insurance brand in India. The document discusses the career opportunities and benefits of becoming an LIC agent. It outlines the job responsibilities of agents in prospecting, needs analysis, plan presentation, and after-sales service. Agents can earn attractive commissions and qualify for various club memberships and benefits based on performance. The insurance market in India is growing rapidly, providing significant potential for agents.
Associate agent/ Agency Ownership with Farmers Insurance Farmers Insurance
Donald Swanson recruits entrepreneurs to become Farmers Insurance agency owners. There are three paths to ownership - Associate Agent, Protégé, or purchasing an existing agency. As an Associate or Protégé, candidates receive training and mentoring and have the opportunity to be granted an agency after meeting requirements. Qualified graduates can start a new agency, purchase an existing one, or be assigned customer accounts. The training program and corporate support help new agency owners succeed financially and build long-term businesses.
This document discusses recruitment and selection at SBI Life insurance. It provides background on the life insurance industry and SBI Life's vision, values, and achievements in 2013-2014. Recruitment involves locating and attracting individuals for job vacancies, while selection eliminates candidates who do not have the required skills. The findings note that Indians prefer LIC and internal references when applying to SBI Life. The conclusion states that insurance faces high attrition, making recruitment critical, and innovations are needed for organizations to sustain in competition.
Reliance Life Insurance is a subsidiary of Reliance Capital, which is one of India's leading private sector financial services companies. The document outlines Reliance Life Insurance's organizational structure, methods of directing employees and communication, motivational techniques, and processes for controlling sales. Key aspects of the organizational structure include hierarchical levels of managers from advisors up to national heads. Motivation is achieved through commissions, contests, career growth opportunities, and club memberships based on sales targets. Controls are also sales-focused and ensure managers monitor and report on employee routines and quotas.
Reliance Life Insurance is a subsidiary of Reliance Capital, which is one of India's leading private sector financial services companies. The document outlines Reliance Life Insurance's organizational structure, methods of directing employees and communication, motivational techniques, and processes for controlling sales. Key aspects of the organizational structure include hierarchical levels of managers from advisors up to national heads. Motivation is achieved through commissions, contests, career growth opportunities, and club memberships based on sales targets. Controls are also sales-focused and ensure managers monitor and report on employee routines and quotas.
The document discusses Life Insurance Corporation of India (LIC), the largest insurance company in India. It provides details about LIC's history, operations, leadership, objectives, investments, products, and competitors. Some key points include:
- LIC was established in 1956 and is owned by the Government of India. It has over 2000 branches across India.
- LIC's assets total over 31 trillion rupees, making it the largest insurer in the country. It aims to provide affordable financial security to Indians.
- LIC invests heavily in government securities and uses a "contrarian" strategy of buying when markets are down.
- It offers various insurance products and targets both urban and rural
Farmers Insurance offers career opportunities for insurance agents. Agents can choose to start as Reserve Business Builders, receiving training and leads. Within 4 months of training, agents can convert to Career Agents and receive subsidies for commissions, office space, and licensing for up to 2 years. Career Agents establish their own agency and receive ongoing support through Farmers University. Top performing agents are recognized through programs like Blue Vase Society, Leaders Roundtable, Championship, and Presidents Council. Farmers Insurance provides agents flexibility and support to build a successful insurance business.
This document summarizes the career opportunities available with Farmers Insurance District 68-11. It outlines the benefits of working as an independent agent with Farmers, including freedom and flexibility to control your own business. The document details the training and support provided through Farmers' Reserve Business Builder and Career Agent programs, including subsidies, commissions, and recognition opportunities for high performers. Working with Farmers provides agents access to a large portfolio of insurance products and the backing of a major insurance group.
The document discusses insurance and its types. It defines insurance as a contract between an insurance company and a policyholder, where the insurer agrees to pay a specified amount if a specified event occurs. Insurance is divided into life insurance, which covers human lives, and non-life (general) insurance, which covers other assets. The document then discusses SBI Life Insurance, its joint venture with State Bank of India and Cardif SA, and its various individual and group insurance products.
Join lic as Insurance Agent/Insurance AdvisorVenkatesh Kumar
The document provides information about career opportunities in the insurance sector in India. It discusses the growth potential and changing landscape of the industry. Specifically, it outlines the process required to become an LIC agent, including eligibility requirements and skills needed such as communication abilities and a strong work ethic. Contact information is provided to speak with an experienced development officer for help pursuing a role as an LIC agent.
This document is a project report submitted by Tarun Singh Tomar for their Bachelor of Business Administration degree. The report analyzes consumer behavior towards investment plans and products of SBI Life Insurance in Gwalior, India. The report includes sections on the company profile, conceptual framework, SWOT analysis, research methodology, data analysis and interpretation, suggestions and recommendations, and conclusion.
Life insurance corporation of India provides wide range of life insurance products its your time to decide which one you want as we all know life is precious protect it by taking right insurance product.
Donald Swanson promotes owning a Farmers Insurance agency as providing a path to financial freedom and independence. He oversees over 40 agencies and has been recognized for his success in recruiting and training new agency owners. Becoming an agency owner requires an initial investment of $50,000 in liquid assets, completing licensing and training programs, and obtaining an approved office location and staff. The benefits of ownership include financial bonuses, marketing support, and the ability to sell the profitable book of business.
- Life insurance first came to India in 1818 from England. The Oriental Life Insurance Company was the first insurer in India.
- Key legislation around insurance was passed in 1912 and 1956, leading to the creation of LIC as a state-owned monopoly insurer.
- Today, LIC remains the largest insurer in India with over 180 million policies, 2048 branches, and revenues of over $173 billion USD, though its market share has declined with privatization and competition from other insurers.
The role of integrates marketing communications in life insurancetSupa Buoy
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This presentation provides an overview of Bajaj Allianz Life Insurance Company Ltd. It discusses the establishment of the joint venture between Bajaj Auto and Allianz AG. It then summarizes the strengths and weaknesses of Bajaj Allianz, as well as the opportunities and threats facing the company. Finally, it outlines the job responsibilities and training received by the presenter during their time working for Bajaj Allianz.
GCG Financial is a premier financial services firm offering a wide range of financial products and services to both individual and corporate clients. They have over 30,000 individual clients and 4,000 corporate clients nationwide. GCG experts provide services such as employee benefits, retirement plans, insurance, financial planning, and investment strategies to help clients achieve their financial goals.
5 Qualities Of Insurance Financial Analyst.pdfJobs Finder Hub
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A Guide to a Winning Interview June 2024Bruce Bennett
This webinar is an in-depth review of the interview process. Preparation is a key element to acing an interview. Learn the best approaches from the initial phone screen to the face-to-face meeting with the hiring manager. You will hear great answers to several standard questions, including the dreaded “Tell Me About Yourself”.
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2. Contents
Introduction
Being an Agent
Life Insurance Agent Model
Role of an Agent
LIC Care
Why to Choose ‘LIC’ for Life Insurance Agency
Becoming an LIC Agent
Rewards and Recognition
Qualities of a successful agent
The Work Office
Professional Courses
1
3. India’s largest life insurance company, The Life
Insurance Corporation (LIC) of India, has footprints
across the country and its market share continues
to make it the dominant player in the life insurance
industry. It has an unmatched reach with eight zonal
offices, 113 divisional offices, 2,048 branch offices
& 1,275 Satellite Offices. LIC draws its strength from
over 1.16 lac employees and more than 1.2 million
agents.
The Corporation’s figures speak for themselves.
In last financial year, LIC sold over 36 million new
policies and occupying more than 83% market
share. It has the largest customer base of about 290
million policyholders and its asset base is more than
a mammoth Rs 15 lakh crore. The valuation surplus
runs into more than Rs 28,000 crore, of which, nearly
Rs1,400 crore is given to the central government as
dividend. So, what better reason can you have for
associating yourself with such a big and growing
organization?
Introduction
2 3
4. 4 5
For life insurers, the policy is the finished product. But to sell
them, LIC makes use of various distribution channels, such as
individual agents, brokers and corporate agents. The individual
agency system, however, remains the backbone and the largest
channel for selling policies.
Few industries provide unemployed or inexperienced
individuals with an opportunity of unlimited earning from the
very first day of working. The agency career with LIC, however,
is an exception. For these agents, the sky is the limit when it
comes to their earnings and signing their own cheque. With
flexible working hours and the control to run one’s own agency
as a business, life insurance agency system suits those with
entrepreneurial aptitude.
Beingan
Agent
5. Life
Insurance
Agent
Model
6 7
Life insurance helps families maintain their standard
of living and also helps them save for their long-
term goals. LIC, being the oldest and the biggest in
the life insurance industry, knows it best in handling
lives and money.
Most people have their first contact with an
insurance company through an insurance sales
agent. These people help individuals, families, and
businesses select insurance policies that provide
the best protection for their lives, health and
property. Agents prepare reports, maintain records,
seek out new clients, and, in the event of a loss,
help policyholders settle their insurance claims.
Increasingly, some are also offering their clients
financial analysis or advice on ways to minimise
risk.
Life insurance agents specialise in selling
policies that pay the beneficiaries in the
event of death of life insured or on survival
Depending on the policyholder’s circumstances,
a cash-value policy can be designed to provide
retirement income, funds for the education of
children, or, other benefits. Life insurance agents
also sell annuities that promise a retirement
income.
6. Life insurance agents are hired by insurance companies and
they act as the main link between the insurance company and
the insured. Their role is to recommend their clients the right
products that address the clients’ needs. At the same time, they
must act in the interests of the insurance company by using
their unique position of knowing their clients well enough to
protect the insurance company from any undue adverse product
selection.
8 9
This makes the role of the agent very crucial.Agents facilitate the
smooth sale of insurance products by assisting their clients with
completing the paperwork involved, and after the policy is sold,
the agent should ensure it is serviced properly until maturity, or
in the event of a claim. At the time of a claim, the agent should
also assist the client to complete the required formalities to
ensure quick settlement.
Role
of
an
Agent
7. Life insurance agents are the backbone of any insurance
organisation.They are a key source of business for the organisation,
and are a continuing link with the clients. That is the reason why
LIC takes a lot of care in recruiting and developing their agency
force. The endeavour is to set high standards of quality in service
and salesmanship.To cater to the needs of the knowledge-oriented
marketplace, LIC looks out for the people who are service-oriented,
good communicators and enjoy meeting new people.
LIC
Care
10 11
8. Rewarding Career
You will help people realise their dreams by fulfilling their
financial goals and assisting the families in case of misfortune
strucks.The difference you make to their lives is more rewarding
and satisfying than you could ever imagine.
A Successful Team
By joining LIC, you will be a part of the
country’s finest team of life insurance
agents. Last year, LIC contributed
more than five thousand members to
the Million Dollar RoundTable USA - a
global forum that salutes the world’s
most successful insurance agents.
Whyto Choose
‘LIC’for
Life Insurance
Agency
12 13
Attractive
Remuneration
LIC takes care of your current earnings and
guarantees an earning for the future. What’s
more, you can set your own income targets
with a potential to earn as much as you want
for the rest of your life.
Independence
As an agent, you will be a true entrepreneur.You will have the freedom
to be your own boss: work for yourself, choose your own clients and
make your own money; and all of this without your having to make
any initial capital investment.
World-class Training
LIC provides its agents with the best-in-class training systems, since
that is what differentiates LIC agents from the rest. Even if you don’t
have previous experience in selling, the multi-dimensional training
programme conducted by qualified in-house training personnel will
make you a specialist in life insurance sales.
The effect of training and environment may be
observed by the average annual productivity of
LIC agent which is 26 policies and Rs. 3.14 lakh
New business premium income which is much
higher than industry’s average.
9. Commitment
to Career Agency System:
Our commitment to the Career Agency System means that,
we support you and your efforts not just today, but at every
stage of your business. We believe in encouraging our agents
to strive towards the highest levels of success, throughout their
careers. In fact, depending on your performance, we also offer a
career management option with the
company.
Full Range of
Products and
Services
You can offer your customers over
50 product combinations of unique products and riders to help
them meet all their financial goals. In order to give you a greater
competitive edge, LIC is also continuously working on
newer and more innovative products.
Sales and Marketing
Support
LIC support its agents with innovative
sales and marketing tools. The sales,
promotions and marketing collaterals
will help you take your business to new
heights.
14 15
Financial Strength
LIC offers you and your customer unmatched
financial strength and solidity. LIC is the most
trusted and time tested insurance brand of the
country.
Incentives
LIC agents are constantly recognized and rewarded
for their performance. Numerous competitions all
year round promote healthy competition amongst
agents and recognition for their efforts. Depending on the
level of business the agent achieves in a year, he or she can
become a member of various clubs such as the Corporate Club,
the Chairman’s club, etc. LIC agents are also entitled for many
benefits like Mediclaim, Group insurance, Gratuity, Pension
scheme which makes this profession almost at par with any
career option. Performing agents are also allowed to open their
offices & LIC reimburses the allowance for running them.
Rewards & Recognition
Pension schemesVehicle advanceComputer advanceMediclaim Group insurance Gratuity
11. Step 1
After successful
completion of
training you will
have to appear
for the online
Pre-Licencing
examination
conducted by
IRDA.
After successful
completion of
the examination
you will
awarded a
Licence by IRDA
to work as an
insurance agent.
All the people in urban areas who have cleared Class XII
and are aged 18 years and above are eligible to apply.
One needs to
contact the
branch office
and meet the
development
officer there.The
branch manager
will conduct an
interview, and if
found suitable,
you will be sent
for training at the
divisional/agency
training centre.
Step 1
Step 2
The training is
for 50 hours and
covers all aspects
of life insurance
business.
Step 2
Step 3
Step 3
Step 4
Step 4
18 19
an
Becoming
LIC
Agent
You will be
appointed as
an agent by the
Branch Office
and you will be
a part of the
team under your
Development
Officer.The
Development
Officer will
impart you field
training and other
valuable inputs
which will help
you in the market
place.
Step 5
Step 5
12. Successful agents take this opportunity seriously and run it as
their own business. They use their time and interpersonal skills
after becoming an insurance agent.They understand customer’s
needs well, hears them out and suggests the best plans. They
stay updated with the times. Some of the qualities that can be
for a potentially successful agent are:
• Self-motivation
• A master communicator
• A go-getter
• 10+2 in urban areas and 10th standard in rural areas
of
a
successful
Qualities
agent
20 21
Insurance sales agents should be flexible, enthusiastic, confident,
disciplined, hard working, and willing to solve problems.
They should communicate effectively and inspire customer
confidence. Because they usually work without supervision,
sales agents must be able to plan their time well and have the
initiative to locate new clients. Persons with proven sales ability
or success in other occupations get an added advantage.
13. Most insurance sales agents are based in small offices, from
which they contact clients and provide information on the
policies they sell. However, much of their time may be spent
outside their offices, travelling locally to meet with clients, or
investigate claims. Agents usually determine their own hours of
work and often schedule evening and weekend appointments
for the convenience of clients. Although most agents work a 40-hour
week, some work 60 hours a week or longer. Commercial sales agents,
in particular, may meet with clients during business hours and then
spend evenings doing paperwork and preparing presentations to
prospective clients.
The
Work
Office
22 23
14. Employers also are placing greater emphasis on continuing
professional education as the diversity of financial products
sold by insurance agents increases. It is important for insurance
agents to keep up to date on issues concerning clients. Changes
in tax laws, government benefits programs, and other State and
Central Government regulations can affect the insurance needs
of clients and the way in which agents conduct business.Agents
can enhance their selling skills and broaden their knowledge
of insurance and other financial services by taking courses at
colleges and universities and by attending institutes,conferences,
and seminars sponsored by insurance organizations. IRDA also
has mandatory continuing education requirements focusing on
insurance laws, consumer protection, and the technical details
of various insurance policies. Lic has inhouse training centre to
provide such training.
Professional
Courses
24 25