join as a lic agent
TRANSCRIPT
Conrad Pinto 1
Thank you very much for giving me the opportunity to present to
you a Wonderful Career as a
Life Insurance
Professional
Conrad Pinto 2
Life Insurance Agency is considered today as
the highest paid hard work in the world.
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People have entered this profession from all walks of life.
There have been Doctors, Engineers, Chartered Accountants, Lawyers,
Business-persons, Employed, Housewives, Students and many others who have made good by coming to this
profession.
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A Life Insurance Agent renders a Social Service to not only the families that he/she covers but
he/she generates funds for
Nation Building Activities
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• The brand name LIC is today a household name which commands the trust and confidence of the common man.
• LIC has 2048 branches covering every nook and corner of our vast nation.
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LIC’s Achievements
• Largest Insurance Company in the World servicing more than 25 crore policyholders. (Only 4 countries in this world are bigger than LIC).• Company having the Highest Net Worth in India.• Having an asset base of Rs. 8,50,000 crores.• Settles 3 claims every 2 seconds.• Lowest Outstanding Claim ratio of 0.7%• Largest number of Claims settled in the World
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Excellent New Product called
•Buy a policy of Rs. 10,00,000/- for 20 years by paying only Rs. 48,220/- per year.
Benefits:After 21 years you get Rs.1,20,000/- every year as long as you livePlus In the event of your death your family gets more than Rs.20,00,000/-.This product is also available for Higher as well as Lower Budgets
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Under Section 37 of the Life Insurance Corporation of India Act 1956: the sums
assured by all policies issued by the Corporation including
any bonuses declared in respect thereof shall be guaranteed as
to payment in cash by the Central Government.
No other financial organisation in the India enjoys such a Guarantee
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What are the minimum qualifications you need to have?
You should have passed the Standard XII examination in the 10 + 2 system and you
should have completed 18 years of age.
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What are the qualities you should possess?
• Thirst for Knowledge• Quest for Self-improvement• Willingness to Share• Eagerness to build Relationships• Power to accept Rejections
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The Procedure to become a Life Insurance Agent
As per the guidelines issued by the I.R.D.A. any person aspiring to take up Life Insurance Agency has to undergo formal training for a period of 50 hours i.e. 8 to 9 days (training can also be done
online from home) after which the person can appear for an examination conducted by the
Insurance Institute of India. On successfully passing this examination a License shall be
issued by the I.R.D.A.
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Benefits of Training
• Training is subsidised • You are Certified by Insurance Institute of India• Thorough Knowledge of Products• Very Effective Marketing Ideas• Gives a Professional Focus
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How do you start ?As a thoroughly trained person you
are now ready to begin meeting people. However due to your inexperience you may need
supervisory support. For this reason a Development Officer shall
accompany you for the first few meetings with your prospects.
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How much time should one devote to this business?
Life Insurance Agency can be done on part-time or full-time basis.
Most persons start as part-timers and some end up as full-timers.
The more the time that you devote the more shall be the benefits.
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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.
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I now present to you the profiles of some Highly Successful
Life Insurance Agents.
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Case Study No. 1
Income per annummore than Rs. 1 Crore
• Consistant Performer from Nagpur.
• Member of the Top of the Million Dollar Round Table.
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Case Study No. 2
• Qualified Chartered Accountant who left his profession to be a full-time Life Insurance Agent.
• Court of the Table qualifier of the Million Dollar Round Table since 1998.
Income per annum more than Rs. 60 lakhs
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Commission Rates
• 35% of 1st year premium installments
• 7.5% of 2nd & 3rd year installments
• 5% of every year till maturity of the policy
On any standard policy that you procure you shall be paid the following Commission Rates :
Every time a policyholder pays his premium installment, the agent receives his commission.
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As years pass by the Renewal Commissions start building up thereby assuring you a pension for the next 20 to 25 years.
You create your own Pension
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Club Membership
• Distinguished Club Membership• Branch Manager’s Club Membership• Divisional Manager’s Club Membership• Zonal Manager’s Club Membership• Chairman’s Club Membership
is recognition given for outstanding performances by agents
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Fringe Benefits to Club Members
• Advance for 2 wheeler or 4 wheeler
• Advance for purchase of personal computer, furniture, telephone, etc.
• Housing loan• Reimbursement of
expenses on stationery, office and sales promotion
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The Future !!!!• See yourself as a full
fledged business-person having your own office and staff.
• This will earn you great respect in society.
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Another Option !!!
You can rise up the LIC ladder by applying to
become a Development Officer
for which you shall be given preference if you are already a Performing Life Insurance Agent
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Would you like to take advantage
of this Wonderful Opportunity?????
For enquiries contact:Mr. C. D. Pinto Life Insurance Corporation of IndiaDevelopment Officer Branch 938, Prasad, 147/A, Gokhale Rd. (N),
Dadar (W), Mumbai 400028
Office: 24371104, 24303242, 24303243, 24374345, 24228935Residence: 28959126 Cellphone: 9867642888 e-mail: [email protected]