LIFE INSURNACE CORPORATION OF INDIA Welcome you To

LIFE INSURNACE CORPORATION OF INDIA Welcome you To the profession of LIFE INSURANCE ADVISOR of LIFE INSURANCE CORPORATION OF INDIA IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION

Life Insurance Agency is considered as the highest paid Profession in the world. IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION

Earning Opportunities There is no restriction on the amount of Money that one can earn Even sky is not the limit IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION

Advantages over Other professions § Start Business of your own without Capital Investment. § Freedom to set your own working hours. § To be in a Business that gets easier & less demanding as you grow old, compared to mounting pressures encountered in other businesses. § No Compulsory retirement. § Noble profession opens doors for social service § Within a short span of time standard of living could be improved. § A tool in Nation building activities as money mobilised is used for people’s welfare. Commitment + Time Devoted = Results

In India only 26% of Insurable population is insured till date. 74% Balance 74% of population is yet to be insured. 26% There is a vast untapped market to explore IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION

Ø Only 20% of total agency force are working in a professional capacity. Ø These 20% account for more than 80% of total Life Insurance Business. 20% 80% Be “ONE” among the “PROFESSIONALS” And earn your fortune 20% Professional agents 80% Business IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION

Growth Opportunities Life Insurance Market In India is projected to grow from Rs. 1, 09, 000/crores to Rs. 2, 60, 000/- crores within 5 years time. Be a part of this Growing Industry. Be a part of LIFE INSURANCE CORPORATION OF INDIA IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION

People from all walks of life have entered this profession There are: • Doctors • Engineers • Chartered Accountants • Share brokers • Lawyers • Film personalities • CEOs • Businessmen • Housewives • Students & many more IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION

Just ask your self …… if…. . • Smt. Ritu Nandu (Raj Kapoor’s Daughter) • Sri. Abhishek Bachan ( Cine artist) • Smt. Ragini Yadav (Daughter of Lalu Prasad Yadav) • Sri. O Madhavan (F/o. Mukesh) • Sri C K Padmanabhan ( Politician) • Sri. A. K. Antony Were or are agents of this Corporation then What about you? IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION

SUPPORT FROM OUTSIDE v We will provide you with world class training and support you need to make your carrier a success. v. Regular counseling & monitoring. v. Strong back Office support. v 50 powerful products to cater to the needs of every individual. v Encouragements through various Competitions & Rewards. IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION

Attractive Commission Rates On any standard policy you shall be paid commission as per the following rates. • Up to 25% of year • 40% Bonus Commission on the 1 st year commission • Up to 7. 5% of 2 nd & 3 rd year premium. • Up to 5% thereafter till the policy continues. 1 st Every time a Policy Holder pays his instalment premium , the Agent receives his commission IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION

Magic of Renewal Commission CASH JUST FLOWS Busi nes s in Crs Prm. income Y r 1 2 3 4 5 6 7 8 9 10 1 1000000 1 350000 750000 50000 50000 2 1500000 2 525000 112500 75000 75000 3 2000000 3 700000 150000 150000 4 2500000 4 875000 187500 125000 5 3000000 5 1050000 225000 150000 6 3500000 6 1225000 262500 175000 7 4000000 7 1400000 300000 8 4500000 8 1575000 337500 9 5000000 9 1750000 375000 10 1000000 0 10 Commission earned at the end of each year 3500000 350000 600000 887500 1187500 1512500 1862500 2237500 2637500 3062500 5187500

You earn your own Pension As years pass, the Renewal Commission starts building up thereby assuring a pension for the next 20 to 25 years, not only for you but also for your heirs. Also Swavalamban & Samvardhan Schemes are available. WE INSURE and also ASSURE IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION

This is the only profession where you are entitled for GRATUITY (Proportionate to your commission earned) if He has continuously worked as an Agent for 15 or more Qualifying Years or attained 60 years of age whichever is later Maximum amount of Gratuity admissible is Rs. 2, 000/- IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION

Club Membership Club membership is the recognition given for outstanding performance to agents. th a rp ou P TO e h t to Y Corporate Club Chairman’s club Zonal Manager’s Club Distinguished club Branch Manager’s club Divisional Manager’s club IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION

Fringe Benefits of Club Membership § Interest free advance for 2 wheeler and 4 wheelers. § Interest free advance for purchase of Personal Computer, Laptop, Furniture etc. § Housing loan @ 5% p. a §Free term Insurance up to Rs. 1. 5 lacs & 50% concession on group medi claim. § Reimbursement of expenses on stationery , Office, Sales promotion & Gift items. § And many more. Career path DO, CLIA etc. IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION

An Agent will get International Recognition by Qualifying for MDRT ( Million Dollar Round Table) Qualifying Conditions Type of Performance MDRT Commission Rs. 8, 45, 200 First Year Prm. Rs. 32, 74, 400 Court of the table Top of the table Rs. 24, 55, 800 Rs. 49, 11, 600 Rs. 98, 23, 200 Rs. 1, 96, 400 IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION

Benefits by qualifying for MDRT v Enhancement of selling skills v Increase in production directly resulting in more commission v Development of leadership qualities v Sense of achievement v Recognition as top performers IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION

Qualities you need to possess ♦ Strong determination, Self confidence ♦Good communication skills ♦Willingness to share ♦ Thirst for Knowledge ♦ Quest for Self-Improvement ♦ Eagerness to build relationships ♦ Power to grab opportunities ♦ Time Management ♦ Hard working ♦ Positive attitude, Consistency & Perseverance IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION

Your Role To Identify Various Customer needs Suggest Suitable Life Insurance Plans from 50 powerful plans to satisfy those Needs. Encourage them to buy products PROVIDE EFFICIENT AFTER SALES SERVICE. IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION

T h e r e There are only 4 Countries* in the world whose population is larger than LIC’s Customer Base *LIC has more than 30 crores Customers; only China, USA, Indonesia and of course, India have population of more than 30 crores IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION

All India Performance as at 31. 3. 2012 Ø Total Income : Rs. 2, 87, 315. 38 crores ØTotal Premium Income : Rs. 2, 02, 802. 90 crores ØTotal Life Fund : Rs. 12, 83, 990. 72 crores Ø Total Assets : Rs. 14, 17, 891. 79 crores Ø Total No. of Claims Paid : 185 lakhs Ø Amount of Claims Paid : Rs. 66, 022. 82 crores Ø 93. 34% of Maturity Claims are settled on or before Date of maturity. Ø O/s Claims Ratio (MC+ SB) : 0. 5% Ø O/s Deaths Claims Ratio : 1. 22% LIC settles 64800 Claims every day ie. , 3 Claims per second IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION

Policies guaranteed by Central Government Section 37 of Life Insurance Corporation Act 1956 The Sum Assured by all Policies issued by the Corporation Including any bonuses declared in respect thereof, and subject to the provisions contained in section 14, the amounts assured by all policies issued by any insurer the liabilities under which have vested in the Corporation under this act, and all bonuses declared in respect thereof, whether before or after the appointed day, shall be guaranteed as to payment in cash by the Central Government. IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION

Our Organisational Strength Central Office EAST (Kolkata) N. EAST (PATNA) WEST (MUMBAI) NORTH (DELHI) SOUTH CENTRAL (CHENNAI) (BHOPAL) N. CENTRAL (KANPUR) ALL INDIA ZONES : 8 DIVISIONS : 113 BRANCHES : 2048 SATELLITE OFFICES : 1202 STAFF : More than 1. 19 lakhs AGENTS: 12. 78 lakhs IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION S. CENTRAL HYDERABAD

We are No. 1 in India For generating the highest amount of Net profit (Surplus) in India For being the highest Net worth in India We are 2 nd largest I. T. user Company in India LIC – The Pride of India IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION

LIC has crossed 12, 000 Crores Life Fund LIC’S Growth Chart Number of Policies Life Fund in Crores Source : LIC Balance Sheet IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION

We are No. 1 in World • Highest number of Policies sold in a year • Number of claims settled in a year • To service Highest number of Policies – (Including Group Policies) More than 39 Crores IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION

Nation Building Activities of LIC A Life Insurance Agent renders a Social Service to the families as well as generates funds for ………. LIC’s INVESTMENT AS AT 31. 3. 2012 Some Highlights (Rs. in crores) Central Govt. Securities 4, 41, 760 State Govt. Securities 2, 13, 913 Power 86, 880 Housing 41, 067 Water Supply/Irrigation/Sewerage 3, 774 Road, Port, Bridges & railways 10, 494 Others 21, 947 Total 8, 19, 835 IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION

Be Proud to be associated with the only Insurance Company with Maximum Awards IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION

Be Proud to be associated with the only Insurance Company with Maximum Awards IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION

Be Proud to be associated with the only Insurance Company with Maximum Awards IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION

Performance Results of Life Insurance Companies (First Year Premium) 2011 -2012 NO Company Name 2011 -12(Crs) 2010 -11(Crs) Difference % Market Share IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION

Performance Results of Life Insurance Companies (Number of Policies) 2011 -2012 NO Company Name 2011 -12(Crs) 2010 -11(Crs) Difference % Market Share IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION

Sri D K Mehrotra , Chairman of LIC Of India handing over a cheque for ` 1137, 99, 41, 404 – the dividend by LIC for the Fin. year 2010 -11 to the Union Government. LIC generated a surplus of ` 25624. 58 Cr. For the Fin. Year 2011 -12. Share to Govt. ` 1281. 23 Cr. , Bonus to Policy Holders ` 24343. 35 Crores. IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION

Performance of LIC vs Private Insurers PAID UP CAPITAL – LIFE INSURERS Insurer 31 st March 2010 Additions in 2010 -11 31 st March 2011 Private Sector 210014. 99 Crs. 2641. 86 23661. 85 Crs. LIC Generated surplus of Rs. 22752. 34 crores as at 31 st March 2011. The cumulative losses of the Life Insurance industry as at 31 st March, 2011 stood at Rs. 20, 569 Crores IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION

INDIVIDUAL DEATH CLAIMS : LIFE INSURERS (2010 -11) (Figures in per cent of Policies) Claims pending at the end of year Total Claims Paid Claims repudiated Claims written back Private 100 86. 04 8. 90 0. 05 5. 01 LIC 100 97. 03 1. 00 0. 51 1. 46 Total 100 95. 58 2. 04 0. 45 1. 93 Insurer IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION

The Procedure to become a Life Insurance Agent ØMinimum Age : 18 Yrs. Ø Qualification : 12 th Pass ( Where population is >5000 ) , 10 th pass ( where population is below 5000) Ø Formal training for a period of 50 hours. Ø Qualifying in the examination conducted by Insurance Institute of India. ØField training by Development Officer. Ø Personal Interview ØIssue of Licence by IRDA. IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION 50 hrs

Training & its Benefits * Effective selling skills. * Innovative marketing strategies. * Customised training * Goal Oriented approach. * Through knowledge of products. * Enhanced professionalism * Ability to build long term Customer Relations. * Certificate issued by the Insurance Institute of India. IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION

Coming ………. . . Working……Staying Coming together is beginning Working together is progress Staying together is Success IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION

TEAM WORK TOGETHER EACH ONE OF US ACHIEVE MORE IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION

IN TRUE SPIRIT OF SERVING THE PEOPLE AND NATION