LIC AGENCY
for Life Long Income to YOU & Your
Family
WHY
LIC AGENCY
WHAT ARE THE USES ??
• No Bossism
–You are the BOSS
to yourself
–You need not work under
anybody. You are a free bird.
• No Capital required
• Requirements are:
–A smile
–A few good words
–A little physical work &
–A strong thrust for earning
• Self-Employment
–No retirement.
–No Golden shake hand.
–Life long work.
– High net worth people always like
to be self-employed
• Highly Potential:
–Population growth of India
is 2 crores per annum.
– We produce one AUSTRALIA
every year.
In India only 24% of Insurable Population is insured till date.
Remaining 76% of Insurable population is yet to be insured.
There is a huge untapped market to explore.
Insurable Population
24%
Insured
Not Insured
76%
• Increasing Population,
• Increasing Insurance needs,
• Continuous launching of
New Life Insurance policies
have been increasing Life
Insurance SALES every year
in India.
• Work according to your
own TIMINGS
–Great opportunity
to manage your
free time
–Part time agents are most
successful agents
• Unlimited INCOME
–You can decide your own
income
–Regular Cash Flow
Unlimited Earning
Opportunities:
LIC’s Insurance Agency is the
Highest Paid Profession in the
World……
Commission Rates
The Agent will get the following
Commission Rates:
25% of 1st year premium with 10% Bonus Commission.
7.5% of 2nd & 3rd year premium.
5% from 4th year to end of the policy term.
Every time a Policyholder pays his Installment Premium
the Agent receives his Commission.
THAT MEANS
YEAR PREMIUM % COMMISSION
1st 10,000 35% 3,500
2nd 10,000 7.5% 750
3rd 10,000 7.5% 750
4th 10,000 5% 500
5th 10,000 5% 500
6th 10,000 5% 500
7th 10,000 5% 500
8th 10,000 5% 500
9th 10,000 5% 500
10th 10,000 5% 500
11th 10,000 5% 500
12th 10,000 5% 500
13th 10,000 5% 500
14th 10,000 5% 500
15th 10,000 5% 500
16th 10,000 5% 500
17th 10,000 5% 500
18th 10,000 5% 500
19th 10,000 5% 500
20th 10,000 5% 500
2,00,000 Total Commission on 1 Policy 13,500
Magic of
Renewal Commissions
Total Premium Collection - 2,75,00,000
Total Renewal commission@5% will be 13,75,000 SOURCE
P.A. Business standard
Recurring Consistent Income 1,14,583 P.M. 24-09-2001.
• LIC Agency is a Social Service &
Nation building activity
–LIC has invested
Rs. 13,51,000 Crores
in our Nation building
activities from
1956 to 2012.
Own Pension:
- If LIC agent works for 5 years,
- As long as his policyholders pay
renewal premiums,
- He…. Later his Family Members
will receive the
renewal commission. (ERC & HRC)
•Social Status
–LIC agency gives a good
recognition in the society.
–Adding “LIC” to your Vehicle
or to your Visiting Card will
give a status
• No boundaries to do
business
Any where in our
• Country,
• World,
• Universe.
• Professionalism
Like any other
–Financial,
–Legal,
–Accountancy,
–Health consultants,
•LIC agent is an
Insurance
consultant
• Recognition –
– B.M. club membership
– D.M. club membership
– Z.M. club membership
– C.M. club membership
– M.D.R.T.
– Corporate club membership
• Benefits to Club Members –
– Car or Motorcycle
– Housing Loan
– Office allowance
– Computer
– Furniture
– Marriage advance
– Flight journey
– & so many benefits.
• Bright Career
• Agent
• Dev. Officer
• Branch Manager
• S.D.M.
• Zonal Manager
• Chairman
• Regular Training to
meet the changes in
the market
–Branch level Training
–Specialised Training at Sales
Training Centers
• Inner talents will be
recognised and developed
–Specialisation in selling HFL,
PF business
–Celebrity Marketing
–Child & Female Insurance
–Income Tax savings
• Public Relations
can be developed
–Many of our LIC Agents
have become Local
Leaders, MLAs, MPs
• Excellent Job
satisfaction
–When the dependent of a
customer receives claim
money from LIC
• 100% white money
– All the Commission is taxable
income.
– Agents submit I.T. returns
every year
– Income Tax will be deducted
at source.
JOB profile of LIC agent :-
• Out Going: Loving to go out & meet
People.
• Plan Presentation: Suggesting suitable
PLANS that fulfill the NEEDS of the
Prospect.
• Closing the Sale: Convincing the Prospect
that you have suggested the best possible
solution for his Need & ask for the Order.
• After Sales Service: Provide efficient after
sales service and claims settlement.
• NOT necessary:-
• LIC Agent need not be a highly
talkative.
• LIC Agent need not be a highly
qualified.
• LIC Agent need not be a highly
intelligent.
• LIC Agent need not have rich back
ground.
• LIC Agent need not have cast back
ground.
• Any Indian….
who
• completed 18 years age…
• completed 10th Class….
can take “LIC AGENCY”
• SUCCESS formula for LIC Agents:-
• Prepare a List of your Friends & Relatives.
The list is called “Prospective List.”
• It is good if you prepare very big List.
• Inform all the persons in that List, as You
have taken LIC Agency & You will meet
them shortly.
• If you could get policies from 2 out of 10
persons in the list…, You will become a Top
Agent.
• No body will give a policy as soon as you
ask them. Somebody may take policy
immediately, somebody after a month or
year or later.
• SUCCESS formula for LIC Agents:-
• Daily... meet 4 persons, who are well
known to you, explain them LIC
policies, & ask them to take a policy.
• Daily… get acquainted with 4 new
persons. Collect references (address)
from your Friends, Relatives &
Customers.
Ask these people….
Dipti Abhishek
Bhatnagar Bachhan
Ragini
Ritu Yadav
Only 20% of total agency force are working in a
Professional Capacity. These 20% agents bring for
more than 80% of total Life Insurance Business.
Be “One” among the “Professionals” and
earn your fortune.
COMPARISION….
Employee LIC Agent
Salary Commission
Pension (contributory) Renewal + Pension
Gratuity Gratuity
L. T. C. L. T. C.
2 Wheeler Loan 4 Wheeler (Car) Advance
Office Allowance × Office Allowance
Housing Loan Housing Loan
Festival Advance Festival Advance
Mediclaim Mediclaim
Telephone Facility Telephone Facility
10am-6pm OFFICE JOB OWN BOSS
COMPARISION….
Professio Degre Investme Tim Workpla
n e nt e ce
Doctor √ √ √ √
C.A.
√ √ √ √
Lawyer
√ √ √ √
Enginee
r
√ √ √ √
LIC
Agent X X X
X
Time :
Money - Retired &
√ X 10% Unemployed
X √ 5% - Professionals
X X 80% - Salaried People
√ √ 5% - Agents
Documents
required:--
4 Passport size color photographs
Educational Proof :-
1. SSC / 10th Class Mark sheet / Certificate
2. Intermediate Certificate
(for Giddalur Town)
Age Proof :- (Any One)
1. S.S.C. Marks Sheet
2. Any T.C.
3. Passport
Address Proof :- (Any One)
1. Aadhar Card
2. Passport
3. Voter ID
4. Ration Card
5. Driving License
6. Bank Statement
later… PAN Card & BANK a/c
Join as an
&
Get a future
• If “Dhana Lakshmi”
knocks at your door,
do you welcome her or not ?
• She/Agency will give you:
– Name
– Fame
– Money
– Satisfaction
– Confidence
