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06/24/22 [email protected] 1 Thank you very much for giving me the opportunity to present to you a Wonderful Career as a Life Insura nce Agent

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Page 1: WELCOME TO DREAM CAREER

05/03/23 [email protected] 1

Thank you very much for giving me the opportunity to present to

you a Wonderful Career as a

Life Insurance

Agent

Page 2: WELCOME TO DREAM CAREER

05/03/23 [email protected] 2

Life Insurance Agency is considered today as

the highest paid hard work in the world.

Page 3: WELCOME TO DREAM CAREER

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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.

Page 4: WELCOME TO DREAM CAREER

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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

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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 covering every nook and corner of our vast nation.

Page 6: WELCOME TO DREAM CAREER

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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 the India enjoys such a Guarantee

Page 7: WELCOME TO DREAM CAREER

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What are the minimum qualifications you need to have?

You should have passed the Standard XII examination in the 10 + 2 system and you

should have completed 18 years of age.

Page 8: WELCOME TO DREAM CAREER

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What are the qualities you should possess?

• Thirst for Knowledge• Quest for Self-improvement• Willingness to Share• Eagerness to build Relationships• Power to accept Rejections

Page 9: WELCOME TO DREAM CAREER

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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

100 hours i.e. 15 to 18 days after which the person can appear for an examination conducted by the

Insurance Institute of India. On successfully passing this examination a License shall be

issued by the I.R.D.A.

Page 10: WELCOME TO DREAM CAREER

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Benefits of Training

• Training is subsidised • License is issued by the I. R. D. A.• Thorough Knowledge of Products• Very Effective Marketing Ideas• Gives a Professional Focus

Page 11: WELCOME TO DREAM CAREER

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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 reason a Development Officer shall

accompany you for the first few meetings with your prospects.

Page 12: WELCOME TO DREAM CAREER

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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 the time that you devote the more shall be the benefits.

Page 13: WELCOME TO DREAM CAREER

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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.

Page 14: WELCOME TO DREAM CAREER

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I now present to you the profiles of some Highly Successful

Life Insurance Agents.

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Bharat Parekh

Income per annummore than Rs. 3 CRORE

• Consistent Performer from Nagpur.

• Member of the Top of the Million Dollar Round Table.

Page 16: WELCOME TO DREAM CAREER

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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 Dollar Round Table since 1998.

Income per annum more than Rs. 100 Lakhs

Page 17: WELCOME TO DREAM CAREER

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OUR AGENT ???

• DO U KNOW THAT • SHE IS DAUGHTER

OF THE GREATEST• DREAM

MERCHANT OF INDIA ??

• SHE IS RITU NANDA

Page 18: WELCOME TO DREAM CAREER

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TOP AGENTS FROM BARODA ONE

• Mr. H.P. Shah• Mr. M.J. Mirpuri

• Living Legends of Life Insurance

Marketing• BOTH ARE • Qualifier of the

Million Dollar Round Table since Long.

• Income per annum more than Rs. 50 Lakhs

Page 19: WELCOME TO DREAM CAREER

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Commission Rates

• 35% of 1st year premium installments

• 7.5% of 2nd & 3rd year installments

• 5% of every year till maturity of the policy

On any standard policy that you procure you shall be paid the following Commission Rates :

Every time a policyholder pays his premium installment, the agent receives his commission.

Page 20: WELCOME TO DREAM CAREER

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

You create your own Pension

Page 21: WELCOME TO DREAM CAREER

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Club Membership

• Distinguished Club Membership• Branch Manager’s Club Membership• Divisional Manager’s Club Membership• Zonal Manager’s Club Membership• Chairman’s Club Membership• Corporate Club Membership

is recognition given for outstanding performances by agents

Page 22: WELCOME TO DREAM CAREER

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Page 23: WELCOME TO DREAM CAREER

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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

Page 24: WELCOME TO DREAM CAREER

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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.

Page 25: WELCOME TO DREAM CAREER

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Another Option !!!

You can rise up the LIC ladder by applying to become a

Development Officer CHIEF LIFE

INSURANCE ADVISOR for which you shall be given

preference if you are already a Performing Life

Insurance Agent

Page 26: WELCOME TO DREAM CAREER

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Would you like to take advantage of this Wonderful

Opportunity?????For enquiries contact:

R. Ravindra KumarCHIEF MANAGER

Life Insurance Corporation of India,

Email me [email protected] Phone:+91 942796031

Page 27: WELCOME TO DREAM CAREER

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Have a nice day!!!R. Ravindra R. Ravindra

KumarKumar CHIEF MANAGERCHIEF MANAGER

BARODA ONE 871Just call on 0091 9427960310Or send TEXT ON +919867249197 · Email your response : [email protected] [email protected], [email protected]@gmail.com