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Bharat Thakkar.: Welcomes You!!!

This document provides information about becoming an insurance agent with Life Insurance Corporation of India (LIC). It outlines the eligibility requirements, necessary documents, registration process, benefits, career growth opportunities, and success stories of top earning agents. Some key points include: - To become an LIC agent one must have passed 10+2 and be at least 18 years old. The registration process involves training, examination through IRDA, and an interview with the LIC branch manager. - Being an LIC agent offers many benefits like retirement solutions, business ownership, rewards and club memberships based on performance, advances and loans. Top agents can earn over 50 lakhs annually through renewal commissions alone. - There is significant potential

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56 views35 pages

Bharat Thakkar.: Welcomes You!!!

This document provides information about becoming an insurance agent with Life Insurance Corporation of India (LIC). It outlines the eligibility requirements, necessary documents, registration process, benefits, career growth opportunities, and success stories of top earning agents. Some key points include: - To become an LIC agent one must have passed 10+2 and be at least 18 years old. The registration process involves training, examination through IRDA, and an interview with the LIC branch manager. - Being an LIC agent offers many benefits like retirement solutions, business ownership, rewards and club memberships based on performance, advances and loans. Top agents can earn over 50 lakhs annually through renewal commissions alone. - There is significant potential

Uploaded by

mickey4482
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
You are on page 1/ 35

BHARAT

THAKKAR.

Welcomes
You!!!

Good
to

Great

Goals
Dreams
Visions

A Dream House

Own Office

A Dream Car

Higher Education
(Self / Children)

Luxurious
Life

Plane Travel

World Tour

Life
Insurance
Corporation
Of India

13/7 Bomb Blast


None of the Insurance company come
ahead and settled the claims to the
Victims family. Except LIC
LIC has settled death claims within a
week.

LIC has won


various Awards &
Recognitions.

CNBC Awaz
Consumer
Award

ET Brand Equity
Award for Top Brand
in Insurance Category

Outlook Money
Award for Best Life
Insurer

AIMA High
Performance Award
Readers Digest
Trusted Brand

Global Youth
Marketing Award for
Most preferred Life
Insurance Company

Power Brand Award

Golden Peacock
Award for
Corporate
Governance

Shoppers &
Consumers Insight
Award

MY FM Stars of
Industry Award
for Excellence in
Life Insurance

How LIC will help


you for your Growth
& Success?

THESE PEOPLE JOIN


LIC AS AGENT

Ask these people.

Dipti Bhatnagar

Abhishek Bachhan

Ritu Nanda
Ragini Yadav

People from all walks of life are


working with LIC as
An Insurance Agent

Doctors
Engineers
Chartered Accountants
Company Secretaries
Lawyers
Celebrities Bollywood
CEO

Share Broker
Estate Agents
Businessmen
Housewives
Students
Artists
& many others

Career as
An Insurance Advisor
(LIC Agent)

LICs Insurance Advisory is the Highest


Paid Profession in the World

Benefits

High Paying & Rewarding Career

Retirement Solution

Prestigious Profession

Hereditary Commission

Own Business An Entrepreneur

Gratuity

No Investment

Mediclaim

No time restrictions Freedom


(Part / Full Time)

Term Insurance

Club Membership

No income limit

Advances for 2 / 4 wheelers

To fulfill dreams

Continuous Income

Advances for Computers /


Laptops

Professional Training

Personality Development Programs

Home Loans at Subsidies


Interest rates

Working with

Social Service

Big & Best Brand

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


COT
Court of the Table

Club membership is a recognition given for


outstanding performances by an advisor

Corporate Club
Membership
Chairmans Club
Membership
Zonal Managers
Club Membership

Divisional
Managers Club
Membership
Branch Managers
Club Membership
Distinguished Club
Membership

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 Daughters marriage
Telephone facility
Group Insurance
Mediclaim policy
Guest House facility
Authority for MHR
Visiting Cards, Letter Heads, Envelopment

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.

Scope

Insurable Population
24%

Insured

Not Insured
76%

Only 20% of total agency force are working in a Professional


Capacity. These 20% accounts for more than 80% of total Life
Insurance Business.

Be One among the Professionals and earn your fortune.

Growth Opportunities
Life Insurance Market in India is projected to
grow from Rs. 1,09,000 Crores to Rs. 2,60,000/crores within 5 years time.
Growth will be doubled in next 5 years.
2016 -17
2011 - 12

Rs. 2,60,000

Rs. 1,09,000
Amount in Crores.

Earning Opportunities

Premium
Income

10

15

20

25

30

35

40

45

50

10

10

100

Year

Business In
Crores

Magic of Renewal Commissions


Commission (Amt. in Lacs)
3.50

0.75

0.75

0.50

0.50

0.50

0.50

0.50

0.50

0.50

5.25

1.13

1.13

0.75

0.75

0.75

0.75

0.75

0.75

7.00

1.50

1.50

1.00

1.00

1.00

1.00

1.00

8.75

1.88

1.25

1.25

1.25

1.25

1.25

10.50

2.25

2.25

1.50

1.50

1.50

12.25

2.63

2.63

1.75

1.75

14.00

3.00

3.00

2.00

15.75

3.38

3.38

17.50

3.75
35.00

3.5

6.00

8.88

11.88

15.13

18.00

22.38

26.38

30.63

50.88

Success Stories

Business Figures of Successful Agents


Name
Rachna Jindal
V. D. Jain

Ritu Nanda
Amit Agarwal
Anshu Srivastav

Commission
72.61
Lacs/month
66.22
Lacs/month
67.13
Lacs/month
45.95
Lacs/month
41.77
Lacs/month

COMPARISION
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

OWN BOSS

OFFICE JOB

COMPARISION
Profession

Doctor
C.A.
Lawyer
Engineer
LIC Agent

Degree

Investment

Time

Workplace



X X

Time : Money

10%

- Retired & Unemployed

5%

- Professionals

80%

- Salaried People

5%

- Agents

INCOME
Active / Temporary Income

Passive / Permanent Income

Job

Royalty

Profession

Rent

Business

Interest
Renewal Commission

Who can become LICs Insurance Agent?


How one can become LICs Insurance
Agent?

Eligibility :1.
2.

HSC / XII passed (10 + 2)


Minimum age 18 years

Qualities :1.
2.
3.
4.
5.
6.
7.

Positive Attitude
Dare to Dream Big
Thirst for Knowledge
Effective Listening Skill
Build or Maintain Relationship
Willingness to Share
Patience

Documents required
3 Passport size photographs (with White Background)
Educational Proof :1.
2.
3.

SSC / 10th passed Mark sheet / Certificate


HSC / 12th passed Mark sheet / Certificate
Bachelor Mark sheet / Degree Certificate (If Graduate)

Age Proof :- (Any One)


1.
2.
3.
4.

School Leaving Certificate


Pan Card
Passport
Driving License

Address Proof :- (Any One)


1.
2.
3.
4.
5.
6.
7.

Ration Card
Passport
Driving License
Bank Statement
Electricity Bill
Telephone Bill
Voter ID

Procedure :IRDA :-

1.
2.
3.
4.

Registration - URN
50 hrs Online / Offline Training
Online / Offline Examination (I. I. I.)
IRDA issues License to Successful candidate

LIC :-

1.
2.

Interview with Branch Manager


Agency Code allotment

IRDA Insurance Regulatory & Development Authority


I.I.I. Insurance Institute Of India

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