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INCOME Active / Temporary IncomePassive / Permanent Income Job Royalty ProfessionRent BusinessInterest Renewal Commission PRIYA RANJAN ROUTRAY DEVELOPMENT.

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Presentation on theme: "INCOME Active / Temporary IncomePassive / Permanent Income Job Royalty ProfessionRent BusinessInterest Renewal Commission PRIYA RANJAN ROUTRAY DEVELOPMENT."— Presentation transcript:

1 INCOME Active / Temporary IncomePassive / Permanent Income Job Royalty ProfessionRent BusinessInterest Renewal Commission PRIYA RANJAN ROUTRAY DEVELOPMENT OFFICER, MOB- 9861167887

2 ProfessionDegreeInvestmentTimeWorkplace Doctor C.A. Lawyer Engineer LIC Agent X X X X √ √ √ √ √ √ √ √ √√ √ √ √ √ √ √ COMPARISION PRIYA RANJAN ROUTRAY DEVELOPMENT OFFICER, MOB- 9861167887

3 Central Govt. EmployeeLIC CM Club Member Agent SalaryCommission PensionRenewal + Pension Gratuity L. T. C. 2 Wheeler Loan4 Wheeler (Car) Advance Office Allowance × Office Allowance Housing Loan Festival Advance Mediclaim Telephone Facility 10am-6pm OFFICE JOBOWN BOSS COMPARISION PRIYA RANJAN ROUTRAY DEVELOPMENT OFFICER, MOB- 9861167887

4 Advantages over other professions Start business of your own without Capital Investment. 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 other businesses. No Compulsory Retirement. Commitment + Time Devoted = Results PRIYA RANJAN ROUTRAY DEVELOPMENT OFFICER, MOB- 9861167887

5 LIC’s Insurance Advisory is the Highest Paid Profession in the World……

6 Busi ness in Crs Prm income YrYr 12345678910 110000001 35000075000 50000 215000002 525000112500 75000 320000003 700000150000 425000004 875000187500 125000 530000005 1050000225000 150000 635000006 1225000262500 175000 740000007 1400000300000 845000008 1575000337500 950000009 1750000375000 101000000 0 10 350000 0 Commission earned at the end of each year 350000600000887500118750015125001862500223750026375003062500 5187500 Magic of Renewal Commissions

7 THAT MEANS YEAR 1 st 2 nd 3 rd 4 th 5 th 6 th 7 th 8 th 9 th 10 th 11 th 12 th 13 th 14 th 15 th 16 th 17th 18th 19 th 20 th PREMIUM 10,000 2,00,000 % 35% 7.5% 5% 5%5%5% COMMISSION 3,500 750 500 Total Commission on 1 Policy 13,500

8 -I-If LIC agent works for 5 years, -A-As long as his policyholders pay renewal premiums, -H-He…. Later his Family Members will receive the renewal commission. (ERC & HRC) Own Pension:

9 Attractive Commission Rates On any standard policy you shall be paid commission as per the following rates: Upto 25% of 1 st year 40% Bonus Commission on the 1 st year commission. Upto 7.5% of 2 nd & 3 rd year premium. Upto 5% thereafter till the policy continues. Every time a Policyholder pays his instalment Premium, the Agent receives his Commission

10 Only 20% of total agency force are working in a professional capacity. These 20% account for more than 80% of total Life Insurance Business. Be “one” among the “PROFESSIONALS” And earn your fortune 80% 20% 20% Professionals Agents 80% Business PRIYA RANJAN ROUTRAY DEVELOPMENT OFFICER, MOB- 9861167887

11 This is the only profession where you are entitled for GRATUITY (Proportionate to your Commission earned) after completion of 15 years continuous agency or attaining age 60 years which ever is later, even though you are not an Employee of the Corporation PRIYA RANJAN ROUTRAY DEVELOPMENT OFFICER, MOB- 9861167887

12 PEOPLE SAVE IN BANKS GET 7.25 %INTEREST OTHERS WILL SAVE FOR THEM SELVES YOU GET 6% ON IT PRIYA RANJAN ROUTRAY DEVELOPMENT OFFICER, MOB- 9861167887

13 An Agent will get International Recognition by Qualifying for MDRT(Million Dollar Round Table) First Year Commission Rs. 7.6 Lacs COT(Court of the Table) First Year Commission Rs. 22.8 Lacs TOT(Top of the Tale) First Year commission Rs. 45.6 Lacs By getting qualified in any of the above category you Become a PROUD INDIAN to get RECOGNISED INTERNATIONALLY & thus bring in pride to OUR COUNTRY PRIYA RANJAN ROUTRAY DEVELOPMENT OFFICER, MOB- 9861167887

14 Distinguished Club Membership Branch Manager’s Club Membership Divisional Manager’s Club Membership Zonal Manager’s Club Membership Chairman’s Club Membership Corporate Club Membership Your path to the Top Club membership is a recognition given for outstanding performances by an advisor PRIYA RANJAN ROUTRAY DEVELOPMENT OFFICER, MOB- 9861167887

15 A Dream HouseA Dream Car Own Office Higher Education (Self / Children)

16 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 Daughter’s marriage  Telephone facility  Group Insurance  Mediclaim policy  Guest House facility  Authority for MHR  Visiting Cards, Letter Heads, Envelopment

17 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.

18 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

19 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. 2011 - 12 2016 -17 Rs. 1,09,000 Amount in Crores. Rs. 2,60,000 Growth will be doubled in next 5 years.

20 Public Relations can be developed –M–Many of our LIC Agents have become Local Leaders, MLAs, MPs PRIYA RANJAN ROUTRAY DEVELOPMENT OFFICER, MOB- 9861167887

21 100% white money –A–All the Commission is taxable income. –A–Agents submit I.T. returns every year –I–Income Tax will be deducted at source.

22 People from all walks of life have entered this profession There are:- Doctors Engineers Chartered Accountants Share Brokers Lawyers Film Personalities Chief Executive Officer’s Businessman Housewives Students & many others…

23 Ask these people…. Ritu Nanda Dipti BhatnagarAbhishek Bachhan Ragini Yadav


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