Be your own boss from today! Become LIC agent and start living financially independent life. LIC Ajay Gupta is a one-step resource for all you want to know about Join LIC as Agent. Procedure to become LIC Agent, call now at 9845136164
The CMO Survey - Highlights and Insights Report - Spring 2024
Become an LIC Agent in 3 Simple Steps (38
1. Welcome you
To the profession of
LIFE INSURANCE ADVISOR
of
LIFE INSURANCE CORPORATION OF INDIA
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
LIFE INSURNACE
CORPORATION OF INDIA
2. Life Insurance Agency is considered
as the highest paid Profession in the
world.
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
3. Earning Opportunities
There is no restriction on the
amount of
Money that one can earn
Even sky is not the limit
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
4. Advantages over Other professions
Start Business of your own without Capital
Investment.
Freedom to set your own working hours.
To be in a Business that gets easier & less
demanding as you grow old, compared to
mounting pressures encountered in other
businesses.
No Compulsory retirement.
Noble profession opens doors for social service
Within a short span of time standard of living
could be improved.
A tool in Nation building activities as money
mobilised is used for people’s welfare.
Commitment + Time Devoted = Results
5. In India only 26% of Insurable
population is insured till date.
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
74%
26%
B
a
l
a
Balance 74% of population
is yet to be insured.
There is a vast untapped
market to explore
6. Only 20% of total agency force are working in a
professional capacity.
These 20% account for more than 80% of total
Life Insurance Business.
80%80%
20%
20% Professional
agents
80% Business
Be “ONE” among the
“PROFESSIONALS”
And earn your fortune
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
7. Growth
Opportunities
Life Insurance Market In India is
projected to grow from ` 1,09,000/-
crores to `2,60,000/- crores within
5 years time.
Be a part of this Growing Industry.
Be a part of
LIFE INSURANCE CORPORATION OF INDIA
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
8. People from all walks of life have entered this
profession
•Doctors
•Engineers
•Chartered Accountants
•Share brokers
•Lawyers
•Film personalities
•CEOs
•Businessmen
•Housewives
•Students & many more
There are:
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
9. IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
Just ask your self …… if…..
• Smt..Ritu Nandu (Raj Kapoor’s Daughter)
• Sri.Abhishek Bachan ( Cine artist)
• Smt.Ragini Yadav (Daughter of Lalu Prasad Yadav)
• Sri.Sri O Madhavan (F/o. Mukesh)
•Sri C K Padmanabhan ( Politician)
•Sri.A.K.Antony
Were or are agents of this Corporation then
What about you?
10. SUPPORT FROM OUTSIDE
We will provide you with world class training and
support you need to make your carrier a success.
Regular counseling & monitoring.
Strong back Office support.
50 powerful products to cater to the needs of every
individual.
Encouragements through various Competitions &
Rewards.
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
11. Attractive Commission Rates
On any standard policy you shall be paid attractive commissions
On the premium you get.
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
13. You earn your own Pension
As years pass, the Renewal Commission starts building up
thereby assuring you a pension for the next 20 to 25 years &
for your generations to come.
Also Svavalamban & Samvardhan Schemes are available.
WE
INSURE
and also
ASSURE
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
14. This is the only profession where you are entitled for
GRATUITY
(Proportionate to your commission earned) if
He has continuously worked as an Agent for 15 or more
Qualifying Years or attained 60 years of age whichever is
later
Maximum amount of Gratuity admissible is ` 2,00,000/-
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
15. Club Membership
Club membership is the recognition given for outstanding
performance to agents.
Distinguishe
d club
Branch
Manager’
s club
Divisional
Manager’s
club
Zonal
Manager’
s Club
Chairman’s
club
Corporate ClubYour path to the TOP
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
16. Fringe Benefits of
Club Membership
Interest free advance for 2 wheeler and 4
wheelers.
Interest free advance for purchase of Personal
Computer, Laptop, Furniture etc.
Housing loan @ 5% p.a
Free term Insurance up to 1.5 lacs & 50%
concession on group medi claim.
Reimbursement of expenses on stationery ,
Office, Sales promotion & Gift items.
And many more. Career path DO etc.
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
17. Benefits by
qualifying for MDRT
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
Enhancement of selling skills
Increase in production directly resulting in more
commission
Development of leadership qualities
Sense of achievement
Recognition as top performers
18. Qualities you need to possess
♦ Strong determination, Self confidence
♦Good communication skills
♦Willingness to share
♦ Thirst for Knowledge
♦ Quest for Self-Improvement
♦ Eagerness to build relationships
♦ Power to grab opportunities
♦ Time Management
♦ Hard working
♦ Positive attitude, Consistency & Perseverance
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
19. To Identify Various Customer needs
Suggest Suitable Life Insurance Plans
from 50 powerful plans to satisfy those
Needs.
Encourage them to buy products
PROVIDE EFFICIENT AFTER SALES
SERVICE.
Your Role
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
20. T
h
e
r
e
There are only 4 Countries* in
the world whose population is
larger than LIC’s Customer
Base
*LIC has more than 30 crores Customers; only
China, USA, Indonesia and of course, India
have population of more than 30 crores
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
21. Policies to be guaranteed by
Central Government
The Sum Assured by all Policies issued by the Corporation
Including any bonuses declared in respect thereof, and subject
to the provisions contained in section 14, the amounts assured
by all policies issued by any insurer the liabilities under which
have vested in the Corporation under this act, and all bonuses
declared in respect thereof, whether before or after the appointed day,
shall be guaranteed as to payment in cash by
the Central Government.
Section 37 of Life Insurance Corporation Act 1956
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
22. Our Organisational Strength
Central Office
EAST
(Kolkata
)
N.EAST
(PATNA)
WEST
(MUMBAI)
NORTH
(DELHI)
SOUTH
(CHENNAI)
CENTRAL
(BHOPAL)
N.CENTRAL
(KANPUR)
S.CENTRAL
HYDERABAD
ALL INDIA
ZONES : 8 DIVISIONS : 113 BRANCHES : 2048 SATELLITE OFFICES : 1202
STAFF : More than 1.19 lakhs AGENTS: 12.78 lakhs
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
23. We are No.1 in Company in India
For generating the highest amount of
Net profit (Surplus) in India
For being the highest Net worth in India
We are 2nd
largest I.T. user
Company in India
LIC – The Pride of India
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
24. We are No.1 in World
• Highest number of Policies sold in a year
• Number of claims settled in a year
• To service Highest number of Policies –
(Including Group Policies)
More than 39 Crores
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
25. A Life Insurance Agent renders a Social Service to the
families as well as generates funds for ……….
Central Govt.Securities 4,41,760
State Govt.Securities 2,13,913
Power 86,880
Housing 41,067
Water Supply/Irrigation/Sewerage 3,774
Road, Port, Bridges & railways 10,494
Others 21,947
Total 8,19,835
LIC’s INVESTMENT AS AT
31.3.2012
Some Highlights (` in crores)
Nation Building Activities of LIC
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
26. Be Proud to be associated with the only
Insurance Company
with Maximum Awards
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
27. Be Proud to be associated with the only
Insurance Company
with Maximum Awards
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
28. Be Proud to be associated with the only
Insurance Company
with Maximum Awards
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
29. The procedure to become a
Life Insurance Agent
Minimum Age : 18 Yrs.
Qualification :
12th
Pass ( Where population is >5000 ) ,
10th
pass ( where population is below 5000)
Formal training for a period of 50 hours.
Qualifying in the examination conducted by
Insurance Institute of India.
Field training by Development Officer.
Personal Interview
Issue of Licence by IRDA.
50 hrs
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
30. Training & its Benefits
* Effective selling skills.
* Innovative marketing strategies.
* Customised training
* Goal Oriented approach.
* Through knowledge of products.
* Enhanced professionalism
* Ability to build long term Customer Relations.
* Certificate issued by the Insurance Institute of India.
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
31. Coming ………. .. Working……Staying
Coming together
is beginning
Working together
in progress
Staying together
is Success
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
33. IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
PROCESS
You need to undergo 25 hours IRDA prescribed online training
- costs 200/-
You need to pass IRDA Online test-objective multiple choice
type, 1 hour duration. 35% is the minimum pass marks
required- u need to pay 502/- online while scheduling the test
You need to pay 150/- at LIC counter
The entire process takes 2 to 3 weeks time and total
investment would be 852/-
34. IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
Contact: Ajay Gupta
Development Officer, LIC of India.
Mobile:9845136164
Website: www.licajaygupta.com