.

INSURANCE IN INDIAo Insurance started in India with LIC in the Year of 1956

o Indian Govt target was to get whole India insured

o LIC could cover only 10% to 15% till 2001

o Indian Govt Established an Insurance Regulatory Development

Authority (IRDA) in 2001

&

o It has opened Insurance Sector for Private Companies

.

o 22 - 23 Insurance Companies came between 2001-2005

o PVT. companies have covered approx 35% to 40% of

Insurance Business

oThe survey of LIC on ‘How these PVT. companies work?’ & also change its way to sale!

PRIVATE COMPANIES IN INSURANCE

.

OLD WORKING SYSTEM OF LIC

AGENTS

CUSTOMER

NEW WORKING SYSTEM OF LIC

AGENTS CORP. AGENTS

BANKS

CUSTOMER

GROUPS

CUSTOMERCUSTOMER

PDI GROUP

.

ASSOCIATE PARTNERS

ASSOCIATE PARTNERS

.

A GROUP OF PROFIT SHARING

WE ARE SHARING OUR PROFIT WITH OUR

MEMBERS

EXECUTIVES

SALES MANAGERS

SR. SALES MANAGERS

BRANCH MANAGERS

.

MONEY TREE

MINI MONEY TREE

MONEY PLANT

SHARING PROFIT WITH MEMBERS OF

.

MONEY TREE INCOMESLEVEL 1 Rs. 1050LEVEL 2 Rs. 1100LEVEL 3 Rs. 1200LEVEL 4 Rs. 1400LEVEL 5 Rs. 1800LEVEL 6 Rs. 2600LEVEL 7 Rs. 4200LEVEL 8 Rs. 7400LEVEL 9 Rs. 13800LEVEL 10 Rs. 26600LEVEL 11 Rs. 52200LEVEL 12 Rs. 103400LEVEL 13 Rs. 205800LEVEL 14 Rs. 410600LEVEL 15 Rs. 8,20,200

TOTAL INCOME Rs. 16,53,350

.

.

LEVEL 1 Rs. 500LEVEL 2 Rs. 550LEVEL 3 Rs. 600LEVEL 4 Rs. 700LEVEL 5 Rs. 900LEVEL 6 Rs. 1000LEVEL 7 Rs. 1250LEVEL 8 Rs. 2500LEVEL 9 Rs. 5000LEVEL 10 Rs. 12000LEVEL 11 Rs. 25000LEVEL 12 Rs. 50000LEVEL 13 Rs. 100000LEVEL 14 NILLEVEL 15 NIL

MINI MONEY TREE INCOMES

TOTAL INCOME Rs. 2,00,000

.

.

LEVEL 1 Rs. 250LEVEL 2 Rs. 300LEVEL 3 Rs. 400LEVEL 4 Rs. 450LEVEL 5 Rs. 600LEVEL 6 Rs. 900LEVEL 7 Rs. 1100LEVEL 8 Rs. 2500LEVEL 9 Rs. 4000LEVEL 10 Rs. 7500LEVEL 11 Rs. 12000LEVEL 12 Rs. 20000LEVEL 13 Rs. 50000LEVEL 14 NILLEVEL 15 NIL

MONEY PLANT INCOMES

TOTAL INCOME Rs. 1,00,000

.

5K TO 20K PREMIUM (REGULAR) POLICY

TWO REFREENCES ONLY

MEMBERSHIP TERMS

MEMBERSHIP FEE 200 - 450 (ONCE)

SALES EXECUTIVEFEE: Rs. 1000/-TIME PERIOD 6 MONTHS

GOLES:- SALES ONLY FIVE MEMBERSHIP

5 X 10000 = 50,000/- PREMIUM

EARN 10% OF COLLECTED PREMIUM i.e. Rs.50000/-

TOTAL INCOME EARN = Rs 5000/-

(GET FREE 2 LAC PERSONAL ACCENTIAL INSURANCE)

.

GOLES:- MAKE YOUR OWN SALES EXECUITVES TEAM

INCOMES:-

PER SALES EXECUTIVES INCOME 1500.00

NO. OF EXECUITVE RUNS PER EXECUTIVE INCOME INCOME

10 1500 15000.00

20 1500 30000.00

30 1500 45000.00

40 1500 60000.00

50 1500 75000.00

GET FREE MINI MONEY TREE ID (INCOME 2 LAC)

SALES MANAGER (PERIOD 12 MONTHS)

.

GOLES:- SET YOUR OWN SALES EXECUITVES TEAM

INCOMES:-

PER SALES EXECUTIVES INCOME 2000.00

NO. OF EXECUITVE RUNS PER EXECUTIVE INCOME INCOME

60 2000 95000.00

70 2000 115000.00

80 2000 135000.00

90 2000 155000.00

100 2000 175000.00

GET FREE MONEY TREE ID (INCOME 16 LAC)

SR. SALES MANAGER (PERIOD 12 MONTHS)

BRANCH MANAGER

FIXED SALARY Rs. 20,000 + INCENTIVE

MINI MONEY TREE WILL BE CONTINUE

MONEY TREE PLAN WILL BE CONTINUE

.

PROFIT SHARING

SYSTEM

FUTURE SECURE

ONLINE TRACKING

SYSTEM

WORK WITH FULL FREDOM

MONTHLY PAYMENT

SYSTEM

WORK FAST AND GET FAST

NOMINATION

FACILITY

EXPERTS’ ASSISTENCE

.

THEN

WHAT ARE YOU WAITING FOR

DON’T WAIT FOR YO’ SHIP TO COME IN………

ROW OUT TO MEET IT!