lic agency for life long income to you & your family

25
LIC AGENCY for Life Long Income to YOU & Your Family

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Page 1: LIC AGENCY for Life Long Income to YOU & Your Family

LIC AGENCYfor Life Long Income to YOU & Your

Family

Page 2: LIC AGENCY for Life Long Income to YOU & Your Family

AGENCY

BENIFITS ?

Page 3: LIC AGENCY for Life Long Income to YOU & Your Family

Attractive Commission Rates

On any standard policy you shall be paid commission

as per the following rates.

Every time a

Policy Holder pays his instalment premium , the Agent receives his commission

Every time a

Policy Holder pays his instalment premium , the Agent receives his commission

• Up to 25% of 1st year• 40% Bonus Commission on the 1st year commission• Up to 7.5% of 2nd & 3rd year premium.• Up to 5% thereafter till the policy continues.

Page 4: LIC AGENCY for Life Long Income to YOU & Your Family

THAT MEANS

YEAR

1st

2nd

3rd

4th

5th

6th

7th

8th

9th

10th

11th

12th

13th

14th

15th

16th

17th18th19th

20th

PREMIUM

10,00010,00010,00010,00010,00010,00010,00010,00010,00010,00010,00010,00010,00010,00010,00010,00010,00010,00010,00010,000

2,00,000

%

35%7.5%7.5%

5%5%5%5%5%5%5%5%5%5%5%5%5%5%5%5%5%

COMMISSION

3,500750750500500500500500500500500500500500500500500500500500

Total Commission on 1 Policy 13,500

Page 5: LIC AGENCY for Life Long Income to YOU & Your Family

Business in Crs

Prm income

Yr

1 2 3 4 5 6 7 8 9 10

1 1000000 1 350000

75000 75000 50000 50000 50000 50000 50000 50000 50000

2 1500000 2 525000

112500

112500 75000 75000 75000 75000 75000 75000

3 2000000 3 700000

150000 150000 150000 150000 150000 150000 150000

4 2500000 4 875000 187500 187500 125000 125000 125000 125000

5 3000000 5 1050000 225000 225000 150000 150000 150000

6 3500000 6 1225000

262500 262500 175000 175000

7 4000000 7 1400000

300000 300000 300000

8 4500000 8 1575000

337500 337500

9 5000000 9 1750000

375000

10 10000000

10 3500000

Commission earned at the end of each year

350000

600000

887500

1187500

1512500 1862500

2237500

2637500

3062500

5187500

Magic of Renewal Commissions

Page 6: LIC AGENCY for Life Long Income to YOU & Your Family

- 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)

Own Pension:

Page 7: LIC AGENCY for Life Long Income to YOU & Your Family

•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

Page 8: LIC AGENCY for Life Long Income to YOU & Your Family

• No boundaries to do business

Any where in our •Country, •World, •Universe.

Page 9: LIC AGENCY for Life Long Income to YOU & Your Family

• Professionalism Like any other

–Financial, –Legal, –Accountancy, –Health consultants,

• LIC agent is an Insurance consultant

Page 10: LIC AGENCY for Life Long Income to YOU & Your Family

• Recognition –

– B.M. club membership– D.M. club membership– Z.M. club membership– C.M. club membership– M.D.R.T.– Corporate club membership

Page 11: LIC AGENCY for Life Long Income to YOU & Your Family

• Benefits to Club Members –

– Car or Motorcycle– Housing Loan– Office allowance– Computer– Furniture– Marriage advance– Flight journey– & so many benefits.

Page 12: LIC AGENCY for Life Long Income to YOU & Your Family

• Bright Career

•Agent •Dev. Officer •Branch Manager •S.D.M. •Zonal Manager •Chairman

Page 13: LIC AGENCY for Life Long Income to YOU & Your Family

• Regular Training to meet the changes in the market

–Branch level Training–Specialised Training at Sales

Training Centers

Page 14: LIC AGENCY for Life Long Income to YOU & Your Family

• Inner talents will be recognised and developed

–Specialisation in selling HFL, PF business

–Celebrity Marketing–Child & Female Insurance–Income Tax savings

Page 15: LIC AGENCY for Life Long Income to YOU & Your Family

• Public Relations can be developed

–Many of our LIC Agents have become Local Leaders, MLAs, MPs

Page 16: LIC AGENCY for Life Long Income to YOU & Your Family

•Excellent Job satisfaction–When the dependent of a

customer receives claim money from LIC

Page 17: LIC AGENCY for Life Long Income to YOU & Your Family

• 100% white money

–All the Commission is taxable income.

–Agents submit I.T. returns every year

– Income Tax will be deducted at source.

Page 18: LIC AGENCY for Life Long Income to YOU & Your Family

Ask these people….

Ritu Nanda

Dipti Bhatnagar

Abhishek Bachhan

Ragini Yadav

Page 19: LIC AGENCY for Life Long Income to YOU & Your Family

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….

Page 20: LIC AGENCY for Life Long Income to YOU & Your Family

Profession Degree

Investment

Time Workplace

Doctor

C.A.

Lawyer

Engineer

LIC Agent X X

X X

√ √ √ √

√ √ √ √

√ √ √ √√ √ √ √

COMPARISION….

Page 21: LIC AGENCY for Life Long Income to YOU & Your Family

Time : Money

√ X 10%- Retired & Unemployed

X √ 5% - Professionals

X X 80% - Salaried People

√ √ 5% - Agents

Page 22: LIC AGENCY for Life Long Income to YOU & Your Family

Documents required:--4 Passport size color photographs

Educational Proof :-1. HSC / 12th Class Mark sheet / Certificate

Age Proof :- (Any One)1. S.S.C. Marks Sheet2. Any T.C.3. Passport

Address Proof :- (Any One)1. Aadhar Card2. Passport3. Voter ID4. Ration Card5. Driving License6. Bank Statement

later… PAN Card & BANK a/c

License fees:- Rs.1000*/

Page 23: LIC AGENCY for Life Long Income to YOU & Your Family

• If “Dhana Lakshmi”

knocks at your door,

do you welcome her or not ?

• She/Agency will give you:– Name– Fame– Money– Satisfaction– Confidence

Page 24: LIC AGENCY for Life Long Income to YOU & Your Family

Join as an

&

Get a future

Page 25: LIC AGENCY for Life Long Income to YOU & Your Family

THANK YOU