. INSURANCE IN INDIA o Io Insurance started in India with LIC in the Year of 1956 o Indian Govt...
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Transcript of . INSURANCE IN INDIA o Io Insurance started in India with LIC in the Year of 1956 o Indian Govt...
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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
.
A GROUP OF PROFIT SHARING
WE ARE SHARING OUR PROFIT WITH OUR
MEMBERS
EXECUTIVES
SALES MANAGERS
SR. SALES MANAGERS
BRANCH MANAGERS
.
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