agency benefits ppt
Post on 20-Feb-2017
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SUSHMA NALAPUREDEVELOPMENT OFFICER LIC OF INDIACAREER AS LIC AGENT
APPLY ONLINE AT : www.joinlicmumbai.netwww.joinlicmumbai.net
COMMISSIONYEAR1ST TYPE(ENDOWMENT)2ND TYPE(MONEY BACK)1ST YEAR25%15%BONUS COMM.40% OF COMM40% COMM2ND YEAR7.5%10%3RD YEAR7.5%10%4TH YEAR onwards5.0%6.0%
EXAMPLEIF 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% 2500-00BONUS 2500 X 40% 1000-002ND Y 10000 X 7.5% 750-003RD Y 10000 X 7.5.% 750-004TH YTO 20Y-10000X5%X17 8500-00(17 y) 13500-00
MONEY BACK TYPE
1ST Y 10000 X 15% 1500-00BONUS 1500 X 40% 600-002ND Y 10000 X 10% 1000-003RD Y 10000 X 10% 1000-004TH YTO 20Y-1000X6%X17 10200-00(17 y)
14300-00
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HERIDITARY COMMISSION
AGENT SPOUSE CHILDRENELIGIBILITY : 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.
FREE TRAININGNEW 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.
CLUB MEMBERSHIP BENEFITCLUB MEMBERSHIP
DIFFERENT FRINGE BENEFITS ARE AVAILBLE FOR ALL CLUB MEMBER AGENTSAPPLY ONLINE AT : www.joinlicmumbai.net
BENEFITS TO CLUB MEMBERSSales Promotion GiftsC.M.=3000/-Z.M.=2000/-D.M.=1000/-B.M.=500/-
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BENEFITS TO CLUB MEMBERSLETTER HEADS
C.M.=1000Z.M.=750D.M.=500B.M.=300D.C.=200
BENEFITS TO CLUB MEMBERSVisiting CardsC.M.=250Z.M.=200D.M.=150B.M.=100D.C.=100
BENEFITS TO CLUB MEMBERSHousing Loan
ONELY FOR CMZMDMCLUB MEMBER AGENTS
Housing Loan
Agents Club.Basic Loan @ 5%Interest.Extended Loan @ 7.5 % Interest.Total Loan.Corporate Club.8,50,0009,50,00018,00,000CM Club.8,50,0009,50,00018,00,000ZM Club.7,45,0008.55,00016,00,000DM Club.6,45,0007,55,00014,00,000
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BENEFITS TO CLUB MEMBERSInterest FreeCar/Motor CycleAdvance
BENEFITS TO CLUB MEMBERSOFFICE EQUIPMENTSTable,chairs,Storewels,FillingCabinets,racks,Weighing Machine,WallClock,AC,Cooler,Generator/InverterComputor,Fax,Lap-topComputorTable,sofa,Server,LCD Monitor,
Interest FreeADVANCE FOR PURCHASE OF OFFICE EQUIPMENTS
BENEFITS TO CLUB MEMBERSTelephoneFacilityFor 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.
Free Group InsuranceMEMBERSHIPSUM ASSUREDCORPORATE CLUB5,20,000CM CLUB MEMBER2,80,000ZM CLUB MEMBER1,20,000DM CLUB MEMBER70,000BM CLUB MEMBER40,000
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.
BENEFITS TO CLUB MEMBERS
Chance to attend convention
Treveling by AIR by Economic Class
Corporate Club : Airfare Chairmans Club : Airfare Zonal managers Club : AC 2tier Divisional Managers Club : 1st class Branch managers Club : 1st. Class ( Where 1st.class boggy not available then A.C 2 tier. )
MDRTAPPLY ONLINE AT : www.joinlicmumbai.net
WHAT IS MDRT ? APPLY ONLINE AT : www.joinlicmumbai.net
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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.S53%,Japan9%, Canada 4%,
Singapore 3% ,Hong Kong5%. The premier association of Insurance Agents
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IT IS DREAM OF EVERY PROFESSIONAL LIFE INSURANCE AGENT!
Purposes Include: To elevate professional standards and prestige of insurance advisors.
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Zone TOT COTMDRTTOTALWZ279919602086SCZ119786806NZ429666699EZ218443463SZNIL9412421NCZ15302308CZ88238254ECZNIL1198199ALL INDIA 4318850055236L.Y. 20123816346104811
MDRT 2013
MDRT:Rs.8,36,100/- F.Y. Commission (Without Bonus) OR Rs.33,44.000/- First Year premium. .2014 Requirements
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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
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Benefits of Membership Political and charitable involvement opportunities Support system for business and personal needs Increased production through exchange of ideas with peers
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MDRT AnnualMeeting The MDRT Annual Meeting is the life insurance industrys 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.
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INCENTIVES AND SUPPORT TO MDRT AGENTS1) 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.
Thank you
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