www.ganatralic.com

As an LIC Agent, the sky is not the limit—you can go beyond.

The salient features of LIC Agent- as a Career:

Attractive income without any investment

Flexible work hours

A benefit of residual income

Association with LIC- the strongest brand of the country

Participation in exciting recognition program

High potential market with growing opportunities

Better lifestyle for you and your family

Endless earning possibilities

You can be your own boss

Respect and Recognition in Society

Life Insurance Agency Vs. Other professions/Business

Other private and government jobs demand higher qualifications such as graduation and above . These jobswill give you a fixed salary income for fixed working hours (8 to 10 hours). Unlike other jobs you can get LICagency by passing 12th Standard. There will be flexi-working hours as per your convenience. You can do thisjob part time also. Further, there will be an unlimited income which is directly proportional to the effort put inby you.

The comparative features of LIC Agency with respect to other businesses are summarized in the following table:

Criteria Other Business LIC Agency

InitialInvestment

Capital Investment: To start any new business youhave to make provision for large amount of capitaldepending upon the nature of the business

Zero Investment: There is no start up capital

RecurringExpenses

Monthly Expenses: For any business there arerecurring expenses such as rent,electricity charges,municipal taxes, salary of staff staff,etc. Theseexpenses are being incurred irrespective of theprofit.

Little Expense:The expenses for procurement of lifeInsurnce business include travelling expenses,meeting expenses etc. which is a very small portion ofthe commission received.

BusinessPotential

Low Business Potential: For other businesses, thereis stiff competition and very low potential whereprofit can be generated only by improvement inefficiency of different processes. Most of themartets are mature markets.

Sunrise Industry: Unlike other markets insurancemarket is growing market. Only 25%of the insurablepopulation in India is insured. Further many peopleare under insured and the insurance needs are alsochanging with the life cycle.

WorkingHours

Fixed Hours: Business man need to sit on thecounter for 10 to 12 hours a day. He cannot affordto do the business as per his convenience

Flexible Hours: Being LIC agent, there are no fixedhours of working. You can work full time or part timeand that too at your convenience

Income/Profit

Limited Profit: Profit will be generated only aftercovering the revenue expenses and portion ofcapital expneses which is also uncertain

Unlimited Income: You can earn unlimited incomedepending upon the effort put in by you. We arehaving agents earning more than 1 Crore p.a.

Training

Training Cost: The business man has to improve hisbusiness skills by self development or he need toinvest for the same to obtain training from theexternal training institute

Provided by LIC at free of cost : LIC will provide youall types of training necessary for procurement ofbusiness continuously through different avenueswhich will also be useful for your overall personalitydevelopment

Business RiskUncertainty of Income: In other business there isuncertainty of income and even a risk of capital loss

Certain Income and No Risk of Capital Loss: Theincome is certain depending upon your effort andthere is no risk of loss of capital as investment is zero

Ease of doingbusiness

Additional Cost for Creation of Brand: For anybusiness there is cost involve for creation of brand.It is very difficult to establish a new brand incompetitive market

LIC- a strong Brand : LIC is a No.1 brand in insurancemarket in India which is major factor for canvassingthe business

How to become an LIC Agent?The eligibility conditions as per IRDA Regulations are :

Age : Any person with 18 years completed.

Educational Qualifications : 12th Standard Pass (for place with population more than 5000) and 10th Standard

for other places.

Practical Training : 50 hours pre-recruitment training

(Online or Offline depending on your choice)

Pre-recruitment Test: Examination approved by IRDA has to be passed

What is Your Role?

As an LIC agent , your role is not to just sell insurance. It is about making a difference in people’s lives, aninsurance sale being a by-product of that.

As your role will allow you to meet people with special individual needs. You will help them analyse theirfinancial situation and provide them with solutions which will help them achieve those goals and dreams.

While helping others you will also help your self

How LIC will make a difference in your life?We strongly believe that our success lies in your success. Hence, we will support you with:

Customer-centric and easy-to-sell Innovative Products

Investment Expertise

Customised Training Programmes

Essentially, we will equip you with all the processes and tools necessary to create multiple sales which in turn will lead toyour success in business.

Training: Training is an inherent element of our support system at no extra cost. Some of our training initiatives are asfollows:

IRDA Training: Prepares for your career as an LIC agent and enables you to pass the IRDA examination

Basic Training and Induction: Perfects your knowledge about insurance industry as well as our products.

On the Job training: Our Development officers and Marketing Officials will help you to canvass the businessduring the joint calls.

Advanced Training : Upgrade your knowledge and personality development through sophisticated trainingprograms customized for the changing world of financial products and markets. Training will be given in-houseat DTC,ZTC,STC,MDC and at reputed institutes like NIA -Pune, ISB – Hyederabad. We also sponsor topperforming agents for international training programs and seminars

Other Benefits:By joining the LIC team you get associated with one of the most respected names in the financial industry. You canensure a better lifestyle for you and your family, gain membership to our prestigious clubs and earn unlimited rewardsand recognition. You will get the following benefits:

First Year Commission: 15% to 25% of First Year premium depending upon the plan sold

Renewal commission : 7.5% 0r 10% of renewal premium received in second and third year. Thereafter, 5% ofpremium will be paid as renewal commission till the policy resulted into claim.

The hypothetical example of income earnings of a agent shown below proves that if you bring 5 policies per monthwith term 10 years or more for a average premium of Rs.12000/- p.a. with annual growth of 10% for policies, yourearning will increase from 1.76 lac in 1st year to 10 Lacs per annum in the 10th year and it will continue till thematurity of policies.

Year 1 Year 2 Year 3Year 4 &onwards

1 60 12000 720000 176400 1764002 65 12000 780000 191100 46800 2379003 75 12000 900000 220500 58500 46800 3258004 80 12000 960000 235200 62400 62400 36000 3960005 90 12000 1080000 264600 70200 70200 75000 4800006 100 12000 1200000 294000 78000 78000 120000 5700007 110 12000 1320000 323400 85800 85800 168000 6630008 120 12000 1440000 352800 93600 93600 222000 7620009 130 12000 1560000 382200 101400 101400 282000 867000

10 145 12000 1740000 426300 113100 113100 348000 1000500

YearCommission Earned out of premium collected in Annual

Income

(Assuming average F.Y.commission of 17.5%+ bonusand 6.5% for 2nd and 3rd year and 5% thereafter)

PoliciesSold

AveragePremium

TotalPremium

Retirement Benefit: Tax free gratuity upto Rs.2,00,000/-. Pension through Swavalamban & SamvardhanSchemes

Mediclaim & Group Insurance: Free Group mediclaim and Group insurance upto Rs.5,00,000/-

Hereditary Commission: There is also provision for hereditary commission

Advance for Office Equipment equal to Actual market price of last year’s renewal commission which ever is less

Advance for purchase of Laptop: Up to Rs. 1 lac to CM & Corporate Club members and MDRT/COT/TOTqualifiers (for MDRT agents – maximum of Rs.80000)

Reward and Recognition

We have several reward programs to inspire better performance and create positive spirit amongst our fieldforce. So you can look forward to seminars, conventions, different club memberships such as BM, DM, ZM, CMand Corporate Club. Further, you will get international recognition by qualifying for a by membership of MDRT(Million Dollar round Table), USA.

Criteria for MDRT -2014 : First Year Commission- Rs.8,36,100 / First Year Premium- Rs.33,44,400The criteria for COT (Court of the Table) is 3 times MDRTcriteria and it is 6 times MDRT criteria for TOT(Total ofthe Table) qualifier.

Following are the benefits to club member agents:

Club

Vehicle Advance Ofice Allowance (Basic)+ aditional OfficeAllowance

Festivaladvance

Housing Loan

TelephoneExpenses

SalesPromoionalGifts &Stationery

MedicalimCover

GroupInsurance

CorporateClub

Interest fre car advanceupto 20 lacs

Ranging from Rs.125000 to Rs.175000

20000 18 Lacs (8.5Lacs@5% and

remaining at 9.5%)

Rs.15000 Rs.2500 forvisiting cards &

letterheads

Rs.125000 Rs.520000

Chairman'sClub

Interest free Car dvanceupto Rs.6 lacs (1st ) & uptoRs.7.50 lacs (subsequent)repayable in 72 months

Upto Rs.85000/-includes Rs.6000/- formaintaining PC +additional officeallowance UptoRs.10500/-

13000 18 Lacs (8.5Lacs@5% and

remaining at 9.5%)

Upto Rs.12000/-

Upto Rs.10000 Rs.125000 Rs.280000

ZonalManager'sClub

Interest free Car advanceupto Rs.5 lacs repayble in72 months

Upto Rs.28600/- 11000 16 Lacs (7.45Lacs@5% and

remaining at 9.5%)

Rs.4000 Rs.2950 Rs.75000 Rs.140000

DivisionalManager'sClub

Minimum of Full PurchasePrice of two wheeler orlast 2 years renewalcommission ( 60 months)

Upto Rs.15600/- 7000 14 Lacs (6.45Lacs@5% and

remaining at 9.5%)

Rs.2400 Rs.1650 Rs.55000 Rs.70000

BranchManager'sClub

Minimum of Full PurchasePrice of two wheeler or75% of last 2 yearsrenewal commission ( 60months)

Stationery allowanceupto Rs.1300

5000 Rs.1800 Rs.750 Rs.40000 Rs.40000

Criteria for Club membership

C r i t e r i a * C M ' s C l u b Z M ' s C l u b D M ' s C l u b B M ' s C l u bN e t N o . o f l i v e s 1 3 0 1 0 0 8 0 5 0R e n e w a l c o m m i s s i o n ( R s . ) 2 , 0 0 , 0 0 0 1 , 4 0 , 0 0 0 9 0 , 0 0 0 5 0 , 0 0 0F . Y . R . C o m m i s s i o n ( R s . ) 2 , 0 0 , 0 0 0 1 , 4 0 , 0 0 0 6 0 , 0 0 0 3 5 , 0 0 0( * T h e c r i t e r i a t o b e c o m p l e t e d f o r q u a l i f y i n g y e a r a n d t w o o u t o f t h r e e p r e c e d i n g y e a r s )

Criteria for Corporate Club Membership (M.Y.2014-15): First Year commission paid on LIC business of at least Rs.18 Lacsfor the qualifying year and Rs.18 lacs in financial year preceding the qualifying year .

If you do - One policy a week , you can become BM’s Club member

Two policies a week , you can become ZM Club member

Three policies a week , you can become CM’s club member

Why LIC ? LIC is the No.1 Insurance company in the world on the basis of policyholders with a customer base of more than

29 Crore LIC is the most trusted brand of the country

LIC settles about 3 claims per second & LIC is having lowest outstanding Claims Ratio in the world (SB/Maturity-0.5 % and death Claims-1.22%)

LIC is using people’s money for people’s welfare. LIC has invested 704151 in last five-year plan. Rs.819835 croreinvested in Government and social sector( As on 31.03.2012)

LIC is largest investor in Financial markets in India having total Asset Base of Rs. 13,17,416 Crore

Total Life fund of LIC as on 31.03.2012 is Rs.12,83,991

Remember few of our agents earn in Crores( Refer the news item published in Economic Times dtd.15th May,2013 placed below.)

Join LIC and Make a difference to people's lives, including your own!

Just Call on: 9825054052