Thank you very much for

giving me the opportunity to

present to you a Wonderful
Career as a

Life
Insurance
Agent 1
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Life Insurance Agency is
considered today as

thehighest 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 4

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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 & more than
1000 SOs 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 India enjoys
such a Guarantee 6
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Minimum qualifications?

10thStandard (For Rural Area ) &

XII standard (For Urban )
Min.age completed -- 18 years .

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 Qualities needed ?
• 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. 10 to 14 days after
which the person can appear for an
examination. 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.
• Complete Knowledge of Products
• Effective Marketing Ideas
• Gives Professional inputs
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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
purpose a Development Officer/
Chief advisor 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 time 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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 RAMESH THAKUR (AGC 00719167)

• Consistent Performer from

Shimla
• Appt. Date : 14.12.1987
• CM Club Member – Since 1988
• MDRT – Seven Times.
• Last three Financial years
Commission Earnings:-
RAMESH THAKUR
2008-09 : Rs.15,41,169
2009-10 : Rs.19,96,724
2010-11 : Rs.21,41,196

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Bhawna Thakur (AGC 01676167)
• Consistent Performer from Shimla.
• Appt. Date : 14.07.1998
• MDRT –Three times
• Last three Financial years
Commission Earning:-
2008-09 : Rs. 4,64,462
2009-10 : Rs. 9,31,912
Bhawna Thakur
2010-11 : Rs.10,70,064

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 Bharat Parekh

• Consistent Performer
from Nagpur.

• Member of the Top of

the Million Dollar
Round Table.
Income per annum
more than Rs. 5 CRORE
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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
Income per Dollar Round Table since
annum more than 1998.
Rs. Two cr.
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 NO ONE AGENT ???
DO U KNOW THAT
• SHE IS DAUGHTER
OF THE GREATEST
DREAM MERCHANT
OF INDIA ??
• SHE IS RITU NANDA
• OWNER OF RNIS

INCOME PER ANNUM

MORE THAN 8 CRORES
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 Commission Rates
On any standard policy that you procure you shall be
paid the following Commission Rates :
• 35% of 1st year
premium installments
• 7.5% of 2nd & 3rd year
installments
• 5% of every year till
maturity of the policy
• 2% on Single Premium

Every time a policyholder pays his premium installment,

the agent receives his commission. 20
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 You create your own Pension

As years pass by the

Renewal Commissions
start building up
thereby assuring you a
pension for the next 20
to 25 years.

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Club Memberships/ Other Distinctions
Recognitions given for outstanding
performances by agents
• Distinguished Club Membership
• Branch Manager’s Club
Membership
• Divisional Manager’s Club
Membership
• Zonal Manager’s Club
Membership
• Chairman’s Club Membership
• MDRT/ COT/ TOT
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 MILLION DOLLAR ROUND TABLE-2012
(2011- CALENDER YEAR PRODUCTION)

FIRST YEAR COMMISSION CONDITION

MDRT Qualifiers Rs 7,89,100

COT Qualifiers Rs. 23,67,300
TOT Qualifiers Rs. 47,34,600

FIRST YEAR PREMIUM CONDITION

MDRT Qualifiers Rs 31,56,400
COT Qualifiers Rs. 94,69,200
TOT Qualifiers Rs. 189,38,400

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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
• Gratuity / Group Term
Insurance / Medi-Claim
• Pension Scheme 2010
Swavalamban/ Samvardhan
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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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 The Future !!!!
• After becoming
CM/ZM/DM club
agent, opportunity
to become CHIEF
LIFE INSURANCE
ADVISOR
(Just in 3 years)
• Earn DOUBLE
INCOME as AGENT
as well as CLIA.
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Another Option !!!

You can rise in LIC

ladder. You shall
be given preference
when you apply for
Development
Officer

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Would you like to take
advantage of this
Wonderful
Opportunity?????
If Yes, Contact:
Dev. Officer/Chief
Advisor/Nearest Branch

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 SPONSORSHIP FORM TO BE USED BY CANDIDATE SPONSORED BY DEVELOPMENT OFFICER
 

Branch Inward No………………..

All fields are mandatory and to be filled in block letters Date ……………........
Signature (Sales Deptt)……………

DEV. OFFICER CODE NO Applicant’s Photo

Application Date
NAME ( Mr. / Ms/ Mrs.)
Father/Husband Name
Category(Gen/SC/ST/OBC)
Area (Urban/Rural)
PAN CARD NO. or
( Driving License No or
Passport No or
Voter Identity Card No. )
Basic Qualification (X/XII)
Board Name
Roll Number
Year of Passing
Higher Qualification
DOB (DDMMYYY)
Sex (Male/Female) Applicant’s Signature
Primary Profession ( with black pen )

Nationality 29
Contd...
 Contd...

Current Address : Permanent Address :

.
Pin Code No. Pin Code No.

Phone No.(land Line)

Mobile No
e-mail address
(Mandatory for on line training )

Applicant Training Details Examination Details

For Divisional Office use
Trg Mode Online/Offline Exam. Mode(Online/Offline)
ATI Location Examination Body
Trg Institute Name Exam Centre
Exam Language

Insurer Reference No.

IRDA Unique Reference Number

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 PRE- RECRUITMENT
AGENTS TRAINING SESSIONS
CLASS ROOM TRAINING 50HOURS

No Session No From To
1 163 06.06.2011 17.06.2011
2 164 20.06.2011 01.07.2011
3 165 04.07.2011 15.07.2011
4 166 18.07.2011 29.07.2011
5 167 01.08.2011 12.08.2011
6 168 16.08.2011 27.08.2011
7 169 05.09.2011 16.09.2011
8 170 19.09.2011 30.09.2011
9 171 03.10.2011 14.10.2011
10 172 17.10.2011 29.10.2011
11 173 08.11.2011 19.11.2011
12 174 21.11.2011 02.12.2011 31

13 175 12.12.2011 23.12.2011

 ROHIT CHAMBIAL
DEVELOPMENT OFFICER
KHUNDIAN 32