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BHARATTHAKKAR.
Welcomes
You!!!
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Good
to
Great
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Goals
Dreams
Visions
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A Dream House A Dream Car
Own Office
Higher Education(Self / Children)
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World Tour
Plane Travel
LuxuriousLife
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Life
InsuranceCorporation
Of India
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13/7 Bomb Blast
None of the Insurance company come
ahead and set t led the claims to the
Victims family…. Except LIC
LIC has set t led death claims within a
week.
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LIC has wonvarious Awards &
Recognitions.
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CNBC AwazConsumer
Award
ET Brand EquityAward for Top Brandin Insurance Category
Outlook MoneyAward for Best Life
Insurer
AIMA HighPerformance Award
Readers DigestTrusted Brand
Global YouthMarketing Award forMost preferred LifeInsurance Company
Power Brand Award Golden PeacockAward forCorporate
Governance
Shoppers &Consumers Insight
Award
MY FM Stars ofIndustry Awardfor Excellence inLife Insurance
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How LIC will help
you for your Growth& Success?
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THESE PEOPLE JOIN
LIC AS AGENT Ask these people….
Ritu Nanda
Dipti BhatnagarAbhishek Bachhan
Ragini Yadav
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People from all walks of life areworking with LIC asAn Insurance Agent
Doctors Engineers Chartered Accountants Company Secretaries Lawyers Celebrities – Bollywood
CEO
Share Broker Estate Agents Businessmen Housewives Students Artists
& many others
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Career as
An Insurance Advisor(LIC Agent)
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LIC’s Insurance Advisory is the HighestPaid Profession in the World……
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Benefits High Paying & Rewarding Career
Prestigious Profession
Own Business – An Entrepreneur
No Investment
No time restrictions – Freedom
(Part / Full Time) No income limit
To fulfill dreams
Continuous Income
Professional Training Personality Development Programs
Working with
Big & Best Brand
Retirement Solution
Hereditary Commission
Gratuity
Mediclaim
Term Insurance
Club Membership
Advances for 2 / 4 wheelers
Advances for Computers /Laptops
Home Loans at SubsidiesInterest rates
Social Service
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Awards & Rewards – Club Membership
MDRT (Million Dollar Round Table) – Rs. 7.89 Lacs
COT (Court of the Table) – Rs. 22.8 Lacs
TOT (Top of the Table) – Rs. 45.6 Lacs
TOT
Top of the Table
COTCourt of the Table
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Distinguished Club
Membership
Branch Manager’sClub Membership
DivisionalManager’s Club
Membership
Zonal Manager’sClub Membership
Chairman’s ClubMembership
Corporate ClubMembership
Club membership is a recognition given foroutstanding performances by an advisor
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Benefits of Club Membership
Advance for 2/4 wheelers Computer Advance Furniture Advance Festival Advance Office Allowance Travelling facility Air fair/Railway fare Tour Allowance Housing Loan at subsidized rate of Interest
Advance for Daughter’s marriage Telephone facility Group Insurance Mediclaim policy Guest House facility Authority for MHR Visiting Cards, Letter Heads, Envelopment
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In India only 26% of Insurable Population is insured till date.
Remaining 74% of Insurable population is yet to be insured.
There is a huge untapped market to explore.
24%
76%
Insurable Population
Insured
Not Insured
S c o p e
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Only 20% of total agency force are working in a ProfessionalCapacity. These 20% accounts for more than 80% of total LifeInsurance Business.
Be “One” among the “Professionals” and earn your fortune.
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Growth Opportunities
Life Insurance Market in India is projected togrow from Rs. 1,09,000 Crores to Rs. 2,60,000/-crores within 5 years time.
2011 - 12
2016 -17
Rs. 1,09,000
Amount in Crores.
Rs. 2,60,000
Growth will be doubled in next 5 years.
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Earning Opportunities
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Magic of Renewal Commissions
Y e a r
B u s i n e s s
I n
C r o r e s
P r e m i u m
I n c o m e
Commission (Amt. in Lacs)
1 1 10 3.50 0.75 0.75 0.50 0.50 0.50 0.50 0.50 0.50 0.50
2 2 15 5.25 1.13 1.13 0.75 0.75 0.75 0.75 0.75 0.75
3 3 20 7.00 1.50 1.50 1.00 1.00 1.00 1.00 1.00
4 4 25 8.75 1.88 1.25 1.25 1.25 1.25 1.25
5 5 30 10.50 2.25 2.25 1.50 1.50 1.50
6 6 35 12.25 2.63 2.63 1.75 1.75
7 7 40 14.00 3.00 3.00 2.00
8 8 45 15.75 3.38 3.38
9 9 50 17.50 3.75
10 10 100 35.00
3.5 6.00 8.88 11.88 15.13 18.00 22.38 26.38 30.63 50.88
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Success Stories
Business Figures of Successful Agents
Name Commission
Rachna Jindal
72.61
Lacs/month
V. D. Jain66.22
Lacs/month
Ritu Nanda67.13
Lacs/month
Amit Agarwal45.95
Lacs/month
Anshu Srivastav41.77
Lacs/month
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Central Govt. Employee LIC CM Club Member Agent
Salary Commission
Pension Renewal + Pension
Gratuity Gratuity
L. T. C. L. T. C.2 Wheeler Loan 4 Wheeler (Car) Advance
Office Allowance × Office Allowance
Housing Loan Housing Loan
Festival Advance Festival Advance
Mediclaim Mediclaim
Telephone Facility Telephone Facility
10am-6pm OFFICE JOB OWN BOSS
COMPARISION
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Profession Degree Investment Time Workplace
Doctor
C.A.
Lawyer
Engineer
LIC Agent X X X X
√ √ √ √
√ √ √ √
√ √ √ √
√ √
√
√
COMPARISION
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Time : Money√ X 10% - Retired & Unemployed
X √ 5% - Professionals
X X 80% - Salaried People
√ √ 5% - Agents
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INCOME
Active / Temporary Income Passive / Permanent Income
Job Royalty
Profession Rent
Business Interest
Renewal Commission
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Who can become LIC’s Insurance Agent?
How one can become LIC’s InsuranceAgent?
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Eligibility :-
1. HSC / XII passed (10 + 2)2. Minimum age 18 years
Qualities :-
1. Positive Attitude2. Dare to Dream Big3. Thirst for Knowledge4. Effective Listening Skill5. Build or Maintain Relationship
6. Willingness to Share7. Patience
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Documents required
3 Passport size photographs (with White Background)
Educational Proof :-1. SSC / 10th passed Mark sheet / Certificate2. HSC / 12th passed Mark sheet / Certificate3. Bachelor Mark sheet / Degree Certificate (If Graduate)
Age Proof :- (Any One)1. School Leaving Certificate2. Pan Card3. Passport4. Driving License
Address Proof :- (Any One)1. Ration Card
2. Passport3. Driving License4. Bank Statement5. Electricity Bill6. Telephone Bill7. Voter ID
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Procedure :-
IRDA :-
1. Registration - URN
2. 50 hrs Online / Offline Training3. Online / Offline Examination (I. I. I.)4. IRDA issues License to Successful candidate
LIC :-
1. Interview with Branch Manager
2. Agency Code allotment
IRDA – Insurance Regulatory & Development AuthorityI.I.I. – Insurance Institute Of India
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