Presentation

LIC Advisor Recruitment Drive

Sumeet Pawar (Development Officer)

What We Do?

We groom ordinary people into LEADERS. There is a difference between being a leader and being a boss. Both are based on authority. A boss demands blind obedience; a leader earns his authority through understanding and trust.

So if you’re interested to be a leader in Sales & Marketing, then I welcome you in this field of insurance selling where you can write your own cheque, manage your own time and be your own boss.

About LIC Advisor

• LIC advisor is the person who provides advice on Life Insurance Planning to people to protect their family from unexpected events of death, disability and retirement of the bread-winner. It is a noble profession indeed.• LIC advisor also contributes to economic development of the country as the money collected from life insurance premium goes towards Nation Building Activities e.g: Roads, Railways, Ports, Bridges, Water supply, Electricity, Housing etc.• Top LIC advisors earn between Rs 3 crores to Rs 4 crores per annum.• The average gross income of top 20% of LIC advisors is above Rs 12 lakhs per annum.

LIC Advisor Work Profile

• Prospecting# Identifying the prospective customers and fixing appointment.• Need Analysis# Identifying the needs and getting the prospect agree that need exists. (i.e. Family Income Provision, Children Education and Marriage Provision or Retirement Income Provision.)• Plan Presentation# Suggesting suitable plans that fulfill the needs as agreed by the prospect.• Closing the Sale# Convincing the prospect that you have suggested the best possible solution for his needs and ask for the order.• After Sales Service# Provide efficient after sales service and claims settlement.

LIC Advisor Benefits

• LIC agency is considered today as the highest paid profession in the world.• It also provides you with the Royalty Income.• You can start your own Business with less Capital Investment.• You have freedom to set your own working hours.• You have the opportunity to earn as per your potential.• Your work gets easier and less demanding as your business grows.

LIC Advisor Club Membership

Club Membership is the recognition bestowed upon the advisors to increase their status in the society and in the Corporation.

Following are the levels of club membership depending up on the Business performance:• Distinguished Club Member.• Branch Manager’s Club Member.• Divisional Manager’s Club Member.• Zonal Manager’s Club Member.• Chairman’s Club Member.• Galaxy Club Member.• Corporate Club Member.

LIC Advisor Club Membership

Following additional benefits are given over and above the commissions payable:• Office Allowance to maintain your own office.• Telephone/Mobile bill reimbursement.• Reimbursement of Sales Promotional Gift items.• Interest free advance for purchase of Car/Motorbike.• Interest free advance for purchase of office equipment.• Interest free advance for Training.• Interest free Festival Advance.• Housing loan at concessional rate of interest.• Term Insurance and Mediclaim benefits.• Guest house facility throughout India at concessional rates as applicable to employees.• Annual Convention.• Attestation authority.

The total monetary equivalent of all above benefits ranges from Rs 5,500 to Rs 5,50,000, depending up on level of Club Membership.

LIC Advisor Income

Remuneration:• The remuneration will be paid to you in the form of Commission as percentage of premium collected through the policies sold by you.• It is not a one time commission on a sale made by you.• It provides you the royalty income through out the term of policy.• As long as policy holder pays the Premium you will get the commission.• Moreover this commission is hereditary i.e. it will be paid to your nominees even after your death.

The Commission rates on regular premium policies are as under: • First year Commission: 4% to 25% depending up on the type & term of the policy.• Bonus Commission: 40% of first year commission.

Renewal Commission:• 2nd and 3rd year of policy: 2% to 7.50% depending up on the type and term of policy.• 4th year onwards: 2% to 5% depending up on the type and term of policy.

LIC Advisor Income

Example of Commission on Endowment type of policy of Term 15 years and above:• 1st Year Commission: 25% of Premium. • Bonus Commission: 40% of first year Commission (i.e. 10% of Premium)• Total 1st Year Commission: 35% of Premium

Renewal Commission:• 2nd & 3rd Year of policy: 7.5% of Premium• 4th Year onwards: 5% of Premium

As Years pass by your Renewal Commission keeps on increasing thereby assuring you a pension for the next 20 to 25 years when you stop working or to your family on your death.

We will make sure through our meticulous training that your earnings should be as per above chart, but that requires willingness on your part to take lot of physical pain.

LIC Advisor Income

LIC Advisor Gratuity

Advisors are entitled to get the gratuity at age 60/65 years after serving for minimum 15 years. At present the Maximum Gratuity amount payable is Rs 2,00,000/- depending up on the amount of renewal commission paid during last 15 years before age 60.

International Recognition MDRT

What is MDRT: Founded in 1927, the Million Dollar Round Table (MDRT), The Premier Association of Financial Professionals, is an international, independent association of nearly 36,000 of the world's leading life insurance and financial career professionals from more than 430 companies in 78 countries. MDRT members demonstrate exceptional professional knowledge, strict ethical conduct and outstanding client service. MDRT membership is recognized internationally as the standard of sales excellence in the life insurance and financial career business.To qualify for the membership of MDRT advisors have to earn the prescribed First Year Commission excluding the Bonus Commission OR brings prescribed First Year Premium during the Calendar year.

Total 6114 advisors from LIC of India qualified for MDRT 2012.Total 6800 advisors from LIC of India qualified for MDRT 2014. – No. 1 in WorldThrough our training process we will make sure that you will qualify for Basic MDRT by the end of 3rd year of your agency. Out of Top 10 TOT-2014 qualifiers four are from Mumbai. This shows that insurance Awareness and Potential is more in Mumbai and People have more Trust in LIC.

LIC Advisor Attributes

• You should be outgoing and love to meet people.• You should be ambitious to start your own Business.• You should have Good Communication Skills.• You should have lot of Perseverance.• You should be willing to work hard with lot of Dedication and Devotion.• You should be prepared to accept rejections as stepping stone.

Procedure to Join

Minimum Requirements:• Age 18 years & above• Graduate (SSC/HSC pass will be considered for exceptional Candidates)• Passion for Sales & Marketing• Good Communication skills & Self Confidence

4-Step Easy Procedure to become LIC advisor:Registration: For joining LIC as Insurance Advisor, you have to register with us filling your details in registration form and later by submitting your Documents.Training: After Successful registration, you have to go for Online Training or Offline Training of 25 Hrs. Study Materials will be provided by us.Examination: Pre-Licensing Online Exam conducted by the IRDA. Exam will be of 50 Marks and Question will be Objective Type. 17 Marks minimum Passing.License: After Successful completion of the Exam , you will be appointed as an Insurance Advisor.

Get LIC Franchise - Investment

Fees: • Rs 150 Registration Fees.• Rs 250 Online Training Fees. No Charges for Offline Training.• Rs 350 IRDA Examination Fee.• Rs 125 License Fee.

Total: • Rs 875/- for Online Training &• Rs 625/- for Offline Training with study materials.

YOU CAN PAY IT AS PROCESS GOES FURTHER.

Documents Required to Join

Get REGISTERED online or directly walk-in with your required documents: • SSC passing certificate for rural area (where population is below 5000)

(OR) HSC passing certificate for urban area (where population is 5000 & above)• SSC/HSC School Leaving Certificate as Standard Age Proof• 4 Stamp-size Photographs• PAN Card• Address Proof (Aadhar Card, Electricity Bill, Voter ID, Passport, etc…)• Photo-ID Proof• Cancelled Cheque for NEFT transaction

Contact NOW !Book your appointment prior visiting office OR fix my appointment with you at your convenient place.(Working Hours: 24X7)

LIC of India, Branch 92F, 1st Floor Maruti Chambers,Nr. NCT School & Opp. Vithalwadi Police QuartersAbove The Kalyan Janta Sahakari BankO.T. Section, Ulhasnagar, 421004Contact Person: Sumeet Pawar (Development Officer)Mobile 1: (+91) 750-624-7952Mobile 2: (+91) 750-624-7965Email-ID: contact@getmelic.comVisit www.getmelic.com for more details. Online Registration also available.