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Life Insurance Consultant

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Presentation on theme: "Life Insurance Consultant"— Presentation transcript:

1 Life Insurance Consultant
LIFE INSURANCE CORPORATION OF INDIA ( A Govt. of India undertaking ) Welcome to the profession of Life Insurance Consultant Call:

2 What we wish to have in life ?
Call:

3 ARE YOU ? TALKATIVE GOOD LISTNER SELF MOTIVATED SOFT SPOKEN
LIKE FIELD WORKING MEET PEOPLE Call:

4 Who can join this career :
Voluntary retired. House wives Fresh Graduates Software consultants. MBA’s Consultants. Sales / Marketing persons. Chartered Accountants. Self employed. Serving employees from Govt. or non-Govt organizations. People have entered this profession from all walks of life. There have been Doctors, Engineers, Chartered Accountants, Lawyers, Business Persons, Employed, Housewives, Students & many others who made good income by coming to this profession. Call:

5 Why Become an LIC Agent When you become an LIC agent you do more than earn income. You become a financial advisor, a businessman and your own boss, wherein your growth is limited by your own imagination. You will not need to acquire capital. Your capital is your desire to learn, earn and work. You can earn as much you want. You set your own income objectives. There is virtual no limit to how much you will earn. Your compensation package is one of the best in the industry. Call:

6 You can be among the best in the insurance world.
You will achieve success from a professional training program that will help you establish a career even if you have had no previous selling experience. The Training is continuous and will keep you on top of the game. You establish your own work patterns; choose your own clients set your own business hours. You will be helping people and families to find means to achieve financial security. Call:

7 Life Insurance Agency is considered today as
Highest Paid hard work in the world! 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. Call:

8 1 Lac policy sold to a client for 15 years term premium Rs.5000 p.a
A commission sample case … 1 Lac policy sold to a client for 15 years term premium Rs.5000 p.a 1st year >> 35 % =00 2nd year >> % =00 3rd year >> % =00 4th year >> % X =00 (250X12) Total in 15 years >> 5500=00 (110% of basic annual premium) Call:

9 MONTHLY INCOME GROWTH CHART
If you sell only 10 policies every Month for an average Sum Assured of Rs.1,00,000 ENDOWMENT WITH PROFIT POLICY for 20 years with an average annual premium of Rs.50 per thousands S.A. and you increase your sales 20% each year. Years of Working 1 2 3 4 5 6 7 8 9 10 No. of policies completed 120 144 173 207 249 299 358 430 516 619 Business (S.A) in lacs Annual Premium 6,00,000 7,20,000 8,64,000 10,36,800 12,44,160 14,92,992 17,91,590 21,49,908 25,79,890 30,95,868 1st year 35% 210000 252000 302400 362880 435456 522547 627057 752468 902962 2nd year 45000 54000 64800 77760 93312 111974 134369 161243 193492 3rd year 4th year 5% 30000 36000 43200 51840 62208 74650 89580 5th year 6th year 7th year 8th year 9th year 10th year Total 297000 401400 511680 644016 802819 993383 Monthly Income 17,500 24,750 33,450 42,640 53,668 66,902 82,782 1,01,838 1,24,706 1,52,147 Call:

10 MORE FEATURES UNLIMITED INCOME HEREDITARY COMMISSIONS CLUB MEMBERSHIP
INTEREST FREE ADVANCES NO RETIREMENT AGE NO JOINING AGE BAR GRATUITY 2,00,000 INTERNATIONAL RECOGNITION (MDRT) NO SR./JR. STATUS NO UPLINE OR DOWNLINE TIMELY COMMISSIONS NO BOSSING Call:

11 L.I.C. is Synonym for insurance!
Why LIC? L.I.C. is Synonym for insurance! LIC of India is Your trusted life insurer since 54 years. We pledge to serve you better! Call:

12 Why LIC? Awards Owned By LIC career@vinodchandak.com, Call: 9422949646
Brand Equity Most Trusted Brand 2009 Top in Insurance Category OUTLOOK MONEY -- NDTV PROFIT AWARD 2009 in " BEST LIFE INSURER CATEGORY " World Brand Congress Award NDTV PROFIT BUSSINESS LEADERSHIP, AWARDS 2009 Loyalty Award ASIA PACIFIC HRM Congress, 2009 Award for INNOVATIVE HR PRACTICES CNBC AWAAZ CONSUMER AWARD for " Most preferred insurance company " Golden Peacock Innovative Product / Service Award Reader's Digest Trusted Brand Award, 2009 ( Platinum category ) NASCOM IT USER Award 2008 Business Superbrand India 2009 Call:

13 Policies to be guaranteed by Central Government
The sums 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 assured by 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 LIC ACT, 1956 Government Guarantee Call:

14 We Have A Wide Range Of Products For Every One!!!!
Why LIC? We Have A Wide Range Of Products For Every One!!!! Call:

15 Financial Highlights during FY 2009-2010
Figures speak louder than words Financial Highlights during FY Total Premium Income : Rs crore Total Income : Rs crore Payments to Policyholders : Rs crore As on Rs. (in crores) ,45,331.46 ,67,359.84 ,52,447.33 ,56,890.51 ,52,057.21 As on Rs. (in crores) ,27,008.98 ,21,753.53 ,63,147.62 ,86,616.45 ,99,517.59 Assets Life Fund Call:

16 Winning the trust of the people, year after year
Business Inforce Year Policies (in crores) 12.58 15.39 21.00 23.39 27.83 Total New Business In No. of policies : Lakhs First Premium : Rs crores Call:

17 World class Claims Performance
Ratio of outstanding claims1.13 % It s the largest number settled by any life insurer in the world LIC settles 2.11 Crore claims i.e claims every working day i.e. 3 claims settled every second. Year Number Amount (in lakhs) Rs. (in crores) ,519.25 ,607.20 ,512.26 ,011.47 Claims settled Call:

18 Keeping pace with times - Trust meets technology
All 2048 branches of LIC are computerized. LIC’s WAN covers 110 Divisions. Branches are connected by MAN. Online Premium Payments. Satellite Sampark offices opened to bring LIC to your doorstep IVRS facility available in 58 Urban centers. Kiosks installed in 150 Select Centers. Info Center working in 8 centers. Call:

19 About Me I am a leading Dev. Officer of L.I.C.82C Branch, which is located in the heart of the city at VMV road, AMRAVATI. For the last 17 year I have been ranking NO.1 in the branch and in the first 1 in the division. For the last 17 years I have been leading a team of 120 agents. I have been reckoned as the most knowledgeable and active development officer in my branch. My Team My team of agents comprises of people of all age groups . There are agents as young as 19 years of age and as old as 67 year too. But the common thing between them is that they are all highly motivated and beaming with energy. This positive attitude of my team has been instrumental in their outstanding performance year. In 2010 six agents of my team qualified for prestigious MDRT level. It is my privilege to welcome you to my team of insurance professionals . It will be my endeavor to nurture your selling skills and help you become outstanding & successful insurance consultant. Call:

20 SUPPORT TO AGENTS Tips on objection handling.
Professional training through seminars. Innovative Marketing strategies. Tips on customer relations management. Effective selling skills. Tips on objection handling. Exposure to international selling practices. Setting and achieving realistic goal. Sponsorship for special training programs. I have invested in technology and manpower to ensure that my team gets adequate sales support from me. Few examples of my support activities are as under: 1) Make joint calls with agents for big business prospects. 2) Provide assistance in organizing medical check ups done for their customers. 3) Counseling with agents to help him perform better. 4) Monitoring his/her sales activity and providing appropriate guidance from time to time. 5) Conducting sales motivation seminars to recharge their energies. 6) Provide access to state of art computerized presentation system . 7) Provide monthly statements which encompass all their policy holder servicing needs. Call:

21 Procedure To Become An LIC Agent
Minimum age : 18 yrs. 3 Passport Size Photograph’s Minimum Qualifications : HSC / Diploma Equivalent to HSC Original certificates for verification. Qualifying in the exams conducted by the Insurance institute of India. Personal Interview. Issue of license by I.R.D.A. Call:

22 Fee Structure Registration Fee Rs. 150/- Exam fee Rs. 400/-
License fee (for 3 yrs.) Rs. 250/- Study Material Rs. 75/- Agent Working Material Rs. 625/- On Line Training Fee Rs. 500/- Extra Training: Formal class room training by LIC, for a period of 50 hours absolutely free !!! Or Online training through the Internet to suit your convenience. Call:

23 “Insurance Consultant”.
So take a quick & prompt decision and .. Join as a respectable “Insurance Consultant”. Call:

24 More Details For Contact,
Mr. Vinod M. Chandak Sr. Business Associate / Dev. Officer, Local Chair I.F.P.A. L.I.C. Of India, Branch 82C, Amravati. Address : V.C. Group ‘Laxmi Palace’,Nr. Rajapeth Rly. Crossing, Shankar Nagar Road, Amravati. (M.S.) Telefax: 0721/ Call:


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