agency pr -rectt final

LIFE INSURANCE CORPORATION OF INDIA

WELCOMES YOU

TO A

PRESENTATION ON

LIC Agency

The tremendous business opportunities

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)

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!

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….

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

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…

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

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…

L.I.C HAS THE

FULL GUARANTEE OF THE

GOVERNMENT

OF INDIA*

under Sec.37 of the LIC of India Act, 1956.

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)

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.

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

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!

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 !!!

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 IRDAInvestment 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%

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.

WE AT LICProvide you the key

toUNLOCK YOUR DREAMS

Through our wide product range…….

Endowments Plans like….Jeevan Anand with maturity with Bonusat the end of selected term. Free risk coverfor the whole of life thereafter.

Jeevan Mitra Triple Cover Plan with 3 timesRisk 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

PLANS WITH RETURN OF MONEY AT INTERVALS

1) Money Back Policies - 20 & 25 Years2) 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.)

LOW PREMIUM – HIGH RISK COVER PLANS

HIGH RISK COVER ON LOW PREMIUMSUITABLE FOR START-IN-CAREERRETURN OF PREMIUM ON MATURITY

ANMOL JEEVANN.BIMA KIRAN

JEEVAN KISHOREJEEVAN SUKANYAKOMAL JEEVAN

THESE SERVE THE PURPOSE OF TAKING CARE OF CHILDREN’S EDUCATION,START IN LIFE, ESTATE CREATION ETC.

CHILDREN’s POLICIES

INSURANCE FOR DEPENDENT HANDICAPPED

JEEVAN AADHAR

JEEVAN VISHWAS

To Provide For The Welfare Of The Handicapped Dependents

INDIVIDUAL PENSION 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)

INDIVIDUAL PENSION PLANSNew 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

INDIVIDUAL PENSION PLANS - N. Jeevan Akshay I

AgeYrly. 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.

INDIVIDUAL PENSION PLANS - Varishta Bima Pension Yojana

1) Govt. subsidised scheme announced in Union Budget 2003

2) Guaranteed Pension @ 9% for ages above 55 Years

3) Provides return of Purchase Price on death

4) Max. Investment Limit for family Rs. 2,66,665 (for monthly pension) and Rs. 2,55,845 (for yearly pension)

5) Min. Investment Rs. 33,335/-

6) Premium by local cheque or DD only.

INDIVIDUAL PENSION PLANS - Varishta Bima Pension Yojana

Investmt

Annuity per

Month9%

Qrtr9.06%

HYR9.17%

YRLY9.38%

50000 375 1133 2293 4690

100000 750 2267 4585 9381

200000 1500 4534 9170 18761

250000 1875 5667 11463 23452

266665 2000 - - -

LIC is today …….

The only Pension Provider to the nation……

Commission rates are dependent on the Commission rates are dependent on the following factors :- following factors :-

Premium being paid Premium being paid Type of insurance planType of insurance planTotal duration of Total duration of

premium-premium- payment payment under the planunder the plan

UNDER ENDOWMENT PLANs, INCLUDING JEEVAN ANAND UNDER ENDOWMENT PLANs, INCLUDING JEEVAN ANAND PLAN, if the TOTAL PERIOD OF PREMIUM PAYMENTs is PLAN, 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.

If the TOTAL PERIOD OF PREMIUM If 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.

If the TOTAL PERIOD OF PREMIUM If the TOTAL PERIOD OF PREMIUM PAYMENTS is 05 to 09 years, rates are :PAYMENTS is 05 to 09 years, rates are :

1st YearPrem.

2nd & 3rd

Years’ Prem.Subsequent

Years

14%including

bonuscommission

5% on eachprem.

5% on eachprem.

Under Money Back Plans ( TOTAL PERIOD Under 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 YearPrem.

2nd & 3rd

Years’ Prem.Subsequent

Years

21%including

bonuscommission

10.0% oneach prem.

6% on eachprem.

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

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

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)

Mode of premium payment : YEARLYTTL PERIOD for Premium Payment : 20 yearsYEARLY PREMIUM

: Rs. 25132.00

a. FIRST YEAR COMMISSION : Rs. 8796.00 a. FIRST YEAR COMMISSION : Rs. 8796.00 including BONUS COMMN. (25132 x 35%)including BONUS COMMN. (25132 x 35%)

b. SECOND YEAR COMMISSION : Rs. 1884.90 b. SECOND YEAR COMMISSION : Rs. 1884.90 (25132 x 7.5%) (25132 x 7.5%)

c. THIRD YEAR COMMISSION : Rs. 1884.90 c. THIRD YEAR COMMISSION : Rs. 1884.90 (25132 x 7.5%) (25132 x 7.5%)

d. FOURTH YEAR onwards : Rs. 1256.60 d. FOURTH YEAR onwards : Rs. 1256.60 (25132 x 5%) (25132 x 5%)

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.

Come on

&

Be a part of our team!!

And be a partner in prosperity…..

Let us march ahead, hand in hand!

L.I.C

THANK YOU