LIFE INSURANCE CORPORATION OF INDIA ( A Govt. of India undertaking ) Welcome to the profession of Life Insurance Consultant vinodchandak1@gmail.com, Call: 9422949646 What we wish to have in life ? vinodchandak1@gmail.com, Call: 9422949646 ARE YOU ? TALKATIVE GOOD LISTNER SELF MOTIVATED SOFT SPOKEN LIKE FIELD WORKING MEET PEOPLE vinodchandak1@gmail.com, Call: 9422949646 Who can join this career : • • • • Sales / Marketing persons. Chartered Accountants. Self employed. Serving employees from Govt. or non-Govt organizations. • • • • • • Voluntary retired. House wives Fresh Graduates Software consultants. MBA’s Consultants. People have entered this profession from all walks of life . There have been Doctors, Engineers, Chartered Accountants, Lawyers, Business Persons, Employed, Housewives, Students & many others who made good income by coming to this profession. vinodchandak1@gmail.com, Call: 9422949646 Why Become an LIC Agent When you become an LIC agent you do more than earn income. You become a financial advisor, a businessman and your own boss, wherein your growth is limited by your own imagination. You will not need to acquire capital. Your capital is your desire to learn, earn and work. You can earn as much you want. You set your own income objectives. There is virtual no limit to how much you will earn. Your compensation package is one of the best in the industry. vinodchandak1@gmail.com, Call: 9422949646 You can be among the best in the insurance world. You will achieve success from a professional training program that will help you establish a career even if you have had no previous selling experience. The Training is continuous and will keep you on top of the game. You establish your own work patterns; choose your own clients set your own business hours. You will be helping people and families to find means to achieve financial security. vinodchandak1@gmail.com, Call: 9422949646 Life Insurance Agency is considered today as Highest Paid hard work in the world! How much can one earn from this business? The sky is the limit. There is no restriction to the amount of money that one can earn. vinodchandak1@gmail.com, Call: 9422949646 A commission sample case … 1 Lac policy sold to a client for 15 years term premium Rs.5000 p.a 1st year >> 35 % 1750=00 2nd year >> 7.5 % 375=00 3rd year >> 7.5 % 375=00 4th year >> 5% X 12 3000=00 (250X12) Total in 15 years >> 5500=00 (110% of basic annual premium) vinodchandak1@gmail.com, Call: 9422949646 MONTHLY INCOME GROWTH CHART If you sell only 10 policies every Month for an average Sum Assured of Rs.1,00,000 ENDOWMENT WITH PROFIT POLICY for 20 years with an average annual premium of Rs.50 per thousands S.A. and you increase your sales 20% each year. Years of Working 1 2 3 4 5 6 7 8 9 10 No. of policies completed 120 144 173 207 249 299 358 430 516 619 Business (S.A) in lacs 120 144 173 207 249 299 358 430 516 619 6,00,000 7,20,000 8,64,000 10,36,800 12,44,160 14,92,992 17,91,590 21,49,908 25,79,890 30,95,868 210000 252000 302400 362880 435456 522547 627057 752468 902962 1083554 45000 54000 64800 77760 93312 111974 134369 161243 193492 45000 54000 64800 77760 93312 111974 134369 161243 30000 36000 43200 51840 62208 74650 89580 30000 36000 43200 51840 62208 74650 30000 36000 43200 51840 62208 30000 36000 43200 51840 30000 36000 43200 30000 36000 Annual Premium 1st year commission @ 35% 2nd year commission @7.5% 3rd year commission @7.5% 4th year commission @ 5% 5th year commission @5% 6th year commission @5% 7th year commission @5% 8th year commission @5% 9th year commission @5% 10th year commission @5% 30000 Total 210000 297000 401400 511680 644016 802819 993383 1222060 1496472 1825766 Monthly Income 17,500 24,750 33,450 42,640 53,668 66,902 82,782 1,01,838 1,24,706 1,52,147 vinodchandak1@gmail.com, Call: 9422949646 MORE FEATURES UNLIMITED INCOME HEREDITARY COMMISSIONS CLUB MEMBERSHIP INTEREST FREE ADVANCES NO RETIREMENT AGE NO JOINING AGE BAR GRATUITY 2,00,000 INTERNATIONAL RECOGNITION (MDRT) NO UPLINE OR DOWNLINE NO BOSSING NO SR./JR. STATUS TIMELY COMMISSIONS vinodchandak1@gmail.com, Call: 9422949646 Why LIC? L.I.C. is Synonym for insurance! LIC of India is Your trusted life insurer since 53 years. We pledge to serve you better! vinodchandak1@gmail.com, Call: 9422949646 Why LIC? Awards Owned By LIC OUTLOOK MONEY -- NDTV World Brand Congress PROFIT AWARD 2009 in NDTV PROFIT BUSSINESS Loyalty Award LEADERSHIP, AWARDS 2009 2009 Award 2008-09 " BEST LIFE INSURER CATEGORY " Golden Peacock Innovative Product / Service Award - 2009 CNBC AWAAZ CONSUMER Reader's Digest Trusted AWARD2008- 2009 for Brand Award, 2009 " Most preferred insurance ( Platinum category ) company " ASIA PACIFIC HRM Congress, 2009 Award for INNOVATIVE HR PRACTICES NASCOM IT USER Award 2008 vinodchandak1@gmail.com, Call: 9422949646 Brand Equity Most Trusted Brand 2009 Top in Insurance Category Business Superbrand India 2009 Policies to be guaranteed by Central Government The sums 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 LIC ACT, 1956 vinodchandak1@gmail.com, Call: 9422949646 Why LIC? We Have A Wide Range Of Products For Every One!!!! vinodchandak1@gmail.com, Call: 9422949646 Financial Highlights during FY 2008-2009 • • • • Total Premium Income Income from Investment Total Income Payments to Policyholders As on 31.3.2001 31.3.2002 31.3.2003 31.3.2004 31.3.2006 31.3.2007 31.3.2008 Rs. (in crores) 1,92,514.65 2,45,331.46 2,89,895.52 3,67,359.84 5,52,447.33 6,74,514.78 7,56,890.51 : : : : Rs. 155734.72 crore Rs. 62847.95 crore Rs. 218582.67 crore Rs. 50734.17 crore As on 31.3.2001 31.3.2002 31.3.2003 31.3.2004 31.3.2006 31.3.2007 31.3.2008 Rs. (in crores) 1,86,024.75 2,27,008.98 2,73,004.96 3,21,753.53 4,63,147.62 5,72,602.80 6,86,616.45 vinodchandak1@gmail.com, Call: 9422949646 Year Policies (in crores) 2001-2002 12.58 2002-2003 14.11 2003-2004 15.39 2004-2005 18.64 2005-2006 21.00 2006-2007 21.25 2007-2008 23.39 Total New Business In 2008-09 No. of policies : 358 Lakhs First Premium : Rs. 35321.21 crores vinodchandak1@gmail.com, Call: 9422949646 • Ratio of outstanding claims: 0.96% • It s the largest number settled by any life insurer in the world • LIC settles 1.41 Crore claims i.e 49800 claims every working day i.e. 2 claims settled every second. Year 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 Number (in lakhs) 87.67 96.91 103.53 114.91 120.85 135.31 140.95 Amount Rs. (in crores) 14,519.25 17,061.75 19,607.20 23,560.66 28,512.26 36,485.91 37,011.47 vinodchandak1@gmail.com, Call: 9422949646 • • • • • All 2048 branches of LIC are computerized. LIC’s WAN covers 109 Divisions. Branches are connected by MAN. Online Premium Payments. 110 Satellite Sampark offices opened to bring LIC to your doorstep • IVRS facility available in 59 Urban centers. • Kiosks installed in 150 Select Centers. • Info Center working in 8 centers. vinodchandak1@gmail.com, Call: 9422949646 About Me I am a leading Dev. Officer of L.I.C.82C Branch, which is located in the heart of the city at VMV road, AMRAVATI. For the last 16 year I have been ranking NO.1 in the branch and in the first 2 in the division. For the last 16 years I have been leading a team of 120 agents. I have been reckoned as the most knowledgeable and active development officer in my branch. My Team My team of agents comprises of people of all age groups . There are agents as young as 19 years of age and as old as 67 year too. But the common thing between them is that they are all highly motivated and beaming with energy. This positive attitude of my team has been instrumental in their outstanding performance year. It is my privilege to welcome you to my team of insurance professionals . It will be my endeavor to nurture your selling skills and help you become outstanding & successful insurance consultant. vinodchandak1@gmail.com, Call: 9422949646 SUPPORT TO AGENTS Professional training through seminars. Innovative Marketing strategies. Tips on customer relations management. Effective selling skills. Tips on objection handling. Exposure to international selling practices. Setting and achieving realistic goal. Sponsorship for special training programs. I have invested in technology and manpower to ensure that my team gets adequate sales support from me. Few examples of my support activities are as under: 1) Make joint calls with agents for big business prospects. 2) Provide assistance in organizing medical check ups done for their customers. 3) Counseling with agents to help him perform better. 4) Monitoring his/her sales activity and providing appropriate guidance from time to time. 5) Conducting sales motivation seminars to recharge their energies. 6) Provide access to state of art computerized presentation system . 7) Provide monthly statements which encompass all their policy holder servicing needs. vinodchandak1@gmail.com, Call: 9422949646 Procedure To Become An LIC Agent Minimum age : 18 yrs. 3 Passport Size Photograph’s Minimum Qualifications : HSC / Diploma Equivalent to HSC Original certificates for verification. Qualifying in the exams conducted by the Insurance institute of India. Personal Interview. Issue of license by I.R.D.A. vinodchandak1@gmail.com, Call: 9422949646 Fee Structure Registration Fee Rs. 150/- Exam fee Rs. 400/- License fee (for 3 yrs.) Rs. 250/- Study Material Rs. 75/- Training: Formal class room training by LIC, for a period of 50 hours absolutely free !!! Or Online training through the Internet to suit your convenience. vinodchandak1@gmail.com, Call: 9422949646 So take a quick & prompt decision and .. Join as a respectable “Insurance Consultant”. vinodchandak1@gmail.com, Call: 9422949646 More Details For Contact, Mr. Vinod M. Chandak Sr. Business Associate / Dev. Officer, Local Chair I.F.P.A. L.I.C. Of India, Branch 82C, Amravati. Address : V.C. Group ‘Laxmi Palace’,Nr. Rajapeth Rly. Crossing, Shankar Nagar Road, Amravati. (M.S.) Telefax: 0721/2567609 vinodchandak1@gmail.com, Call: 9422949646