agents ppt
Post on 14-Apr-2018
224 Views
Preview:
TRANSCRIPT
-
7/29/2019 Agents Ppt
1/29
Welcome you
To the profession of
LIFE INSURANCE ADVISORof
LIFE INSURANCE CORPORATION OF INDIA
LIFE INSURNACE
CORPORATION OF INDIA
Sandeep Salawadgi
Development officer
Hubli-1
-
7/29/2019 Agents Ppt
2/29
Life Insurance Agency is consideredas the highest paid Profession in the
world.
-
7/29/2019 Agents Ppt
3/29
Earning Opportunities
There is no restriction on the
amount of
Money that one can earn
Even sky is not the limit
-
7/29/2019 Agents Ppt
4/29
Advantages over Other professions
Start Business of your own without CapitalInvestment.
Freedom to set your own working hours.
To be in a Business that gets easier & less
demanding as you grow old, compared to
mounting pressures encountered in otherbusinesses.
No Compulsory retirement.
Noble profession opens doors for social service
Within a short span of time standard of living
could be improved.
A tool in Nation building activities as money
mobilised is used for peoples welfare.
Commitment + Time Devoted = Results
-
7/29/2019 Agents Ppt
5/29
People from all walks of life have entered this
profession
Doctors
Engineers
Chartered Accountants
Share brokers
Lawyers
Film personalities
CEOs
Businessmen
Housewives
Students & many more
There are:
-
7/29/2019 Agents Ppt
6/29
Just ask your self if..
Smt..Ritu Nandu (Raj Kapoors Daughter)
Sri.Abhishek Bachan ( Cine artist)
Smt.Ragini Yadav (Daughter of Lalu Prasad Yadav)
Sri.Sri O Madhavan (F/o. Mukesh)
Sri C K Padmanabhan ( Politician)
Sri.A.K.Antony
Were or are agents of this Corporation then
What about you?
-
7/29/2019 Agents Ppt
7/29
SUPPORT FROM OUTSIDE
We will provide you with world class training and
support you need to make your carrier a success.
Regular counseling & monitoring.
Strong back Office support.
50 powerful products to cater to the needs of every
individual.
Encouragements through various Competitions &
Rewards.
-
7/29/2019 Agents Ppt
8/29
Attractive Commission RatesOn any standard policy you shall be paid commission as per the following
rates.
Up to 35% of 1st year 40% Bonus Commission on the 1st year
commission
Up to 7.5% of 2nd & 3rd year premium.
Up to 5% thereafter till the policy continues.
Every time a
Policy Holderpays his
instalment
premium , the
Agent receives
his
commission
-
7/29/2019 Agents Ppt
9/29
Magic of Renewal CommissionBusinessinCrs
Prmincome
Yr
1 2 3 4 5 6 7 8 9 10
1 1000000 1 350000 75000 75000 50000 50000 50000 50000 50000 50000 50000
2 1500000 2 525000 112500 112500 75000 75000 75000 75000 75000 75000
3 2000000 3 700000 150000 150000 150000 150000 150000 150000 150000
4 2500000 4 875000 187500 187500 125000 125000 125000 125000
5 3000000 5 1050000 225000 225000 150000 150000 150000
6 3500000 6 1225000 262500 262500 175000 175000
7 4000000 7 1400000 300000 300000 300000
8 4500000 81575000 337500 337500
9 5000000 9 1750000 375000
10 10000000
10 3500000
Commissionearned at the
end of eachyear
350000 600000 887500 1187500 1512500 1862500 2237500 2637500 3062500 5187500
-
7/29/2019 Agents Ppt
10/29
This is the only profession where you are entitled for
GRATUITY
(Proportionate to your commission earned) if
He has continuously worked as an Agent for 15 or more
Qualifying Years or attained 6 years of age whichever is later
Maximum amount of Gratuity admissible is ` 2,00,000/-
-
7/29/2019 Agents Ppt
11/29
Club Membership
Club membership is the recognition given for outstanding performance toagents.
Distinguishedclub
BranchManagersclub
DivisionalManagersclub
ZonalManagersClub
Chairmansclub
Corporate Club
You can also become CLIA
-
7/29/2019 Agents Ppt
12/29
Fringe Benefits of
Club Membership
Interest free advance for 2 wheeler and 4
wheelers.
Interest free advance for purchase of Personal
Computer, Laptop, Furniture etc.
Housing loan @ 5% p.a
Free term Insurance up to 1.5 lacs & 50%
concession on group medi claim.
Reimbursement of expenses on stationery ,
Office, Sales promotion & Gift items.
And many more. Career path DO, CLIA etc.
-
7/29/2019 Agents Ppt
13/29
An Agent will get International Recognition by
Qualifying for
MDRT ( Million Dollar Round Table)
Qualifying Conditions
Type of
PerformanceMDRT Court of the
table
Top of the
table
Commission ` 8,18,600 ` 24,55,800 ` 49,11,600
First Year Prm. ` 32,74,400 ` 98,23,200 ` 1,96,46,400
-
7/29/2019 Agents Ppt
14/29
Benefits by
qualifying forMDRT
Enhancement of selling skills
Increase in production directly resulting in more
commission
Development of leadership qualities
Sense of achievement
Recognition as top performers
-
7/29/2019 Agents Ppt
15/29
To Identify Various Customer needs
Suggest Suitable Life Insurance Plans
from 50 powerful plans to satisfy those
Needs.
Encourage them to buy products
PROVIDE EFFICIENT AFTER SALES
SERVICE.
Your Role
-
7/29/2019 Agents Ppt
16/29
All India Performance as at
31.3.2012Total Income : ` 2,87,315.38 croresTotal Premium Income : ` 2,02,802.90 crores
Total Life Fund : ` 12,83,990.72 crores
Total Assets : ` 14,17,891.79 crores Total No. of Claims Paid : 185 lakhs
Amount of Claims Paid : ` 66,022.82 crores
93.34% of Maturity Claims are settled on or before
Date of maturity.
O/s Claims Ratio (MC+ SB) : 0.5%
O/s Deaths Claims Ratio : 1.22%
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
LIC settles 64800 Claims every day ie., 3 Claims per second
-
7/29/2019 Agents Ppt
17/29
Policies to be guaranteed by
Central Government
The Sum 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 assuredby 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 Life Insurance Corporation Act 1956
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
-
7/29/2019 Agents Ppt
18/29
Our Organisational Strength
Central Office
EAST(Kolkata)
N.EAST(PATNA) WEST(MUMBAI) NORTH(DELHI) SOUTH(CHENNAI) CENTRAL(BHOPAL) N.CENTRAL(KANPUR) S.CENTRALHYDERABAD
ALL INDIA
ZONES : 8 DIVISIONS : 113 BRANCHES : 2048 SATELLITE OFFICES : 1202
STAFF : More than 1.19 lakhs AGENTS: 12.78 lakhs
-
7/29/2019 Agents Ppt
19/29
We are No.1 in Company in India
For generating the highest amount of
Net profit (Surplus) in India
For being the highest Net worth in India
We are 2nd largest I.T. user
Company in India
LIC The Pride of India
-
7/29/2019 Agents Ppt
20/29
16.7818.65
21.2623.39
25.7827.83 28.629.16
'04-
05
'05-
06
'06-
07
'07-
08
'08-
09
'09-
10
'10-
11
'11-
12
385791
463147
572603
686616
809525
999518 11512011283990
'04-
05
'05-
06
'06-
07
'07-
08
'08-
09
'09-
10
'10-
11
'11-
12
Source : LIC Balance Sheet
LIC has crossed
12,00,000 Crores Life FundLICS Growth Chart
-
7/29/2019 Agents Ppt
21/29
Be Proud to be associated with the only
Insurance Company
with Maximum Awards
-
7/29/2019 Agents Ppt
22/29
Be Proud to be associated with the only
Insurance Company
with Maximum Awards
-
7/29/2019 Agents Ppt
23/29
Be Proud to be associated with the only
Insurance Company
with Maximum Awards
IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION
-
7/29/2019 Agents Ppt
24/29
The procedure to become a
Life Insurance Agent
Minimum Age : 18 Yrs.
Qualification :
12th Pass ( Where population is >5000 ) ,
10th pass ( where population is below 5000)
Formal training for a period of 50 hours.
Qualifying in the examination conducted by
Insurance Institute of India.
Field training by Development Officer.
Personal Interview
Issue of Licence by IRDA.
50 hrs
-
7/29/2019 Agents Ppt
25/29
Training & its Benefits
*Effective selling skills.
* Innovative marketing strategies.
* Customised training
* Goal Oriented approach.
* Through knowledge of products.
* Enhanced professionalism
* Ability to build long term Customer Relations.
* Certificate issued by the Insurance Institute of India.
-
7/29/2019 Agents Ppt
26/29
Coming . .. WorkingStaying
Coming together
is beginning
Working together
in progress
Staying together
is Success
-
7/29/2019 Agents Ppt
27/29
TEAM WORK
TOGETHER
EACH ONE OF US
ACHIEVE MORE
-
7/29/2019 Agents Ppt
28/29
-
7/29/2019 Agents Ppt
29/29
For further enquiries
you can contact meat
+91-9739793453
Sandeep.salawadgi@gmail.com
top related