1

Thank you very much for giving me the opportunity to present to

you a Wonderful Career as a

Life Insurance

Agent

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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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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. 7 to 8 days 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

• License is issued by the I. R. D. A.

• 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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Bharat Parekh

Income per annummore than Rs. 6 CRORE

• Consistent Performer from Nagpur.

• Member of the Top of the Million Dollar Round Table.

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Arvind Hirlekar

• 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. 50 Lakhs

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LIC’s No.1 AGENT ???

• DO U KNOW THAT • SHE IS DAUGHTER

OF THE GREATEST• DREAM

MERCHANT OF INDIA ?? Raj kapoor

• SHE IS RITU NANDA

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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?????