INTRODUCTION:

The life Insurance Corporation (LIC) of India is India’s largest insurance company. Its market share continues to make it the dominant player in the insurance industry. It has an unmatched reach with 8 Zonal Offices, 113 Divisional Offices, 2048 Branch Offices and 1275 Satellite Offices. LIC draws its strength from over 1.16 lakh employees and more than 1.2 million agents. It has largest customer base of about 290 million policyholders and its asset base is more than Rs. 30 lakh crore.

So, what better reason can you have for associating yourself with such a big and growing organization?

BEING AN AGENT:

For life insurance, the policy is the finished product. But to sell them, LIC makes use of various channels, such as Individual Agents, Brokers and Corporate Agents. The individual agency system, however, remains the backbone and the largest channel for selling policies.

Life insurance helps families maintain their standard of living and also helps them to save for their long term goals. LIC agents help individuals, families and business select insurance policies that provide the best protection for their lives, health and property. Agents prepare reports, maintain records, seek out new clients, and, in the event of a loss, help policy holders settle their insurance claims. Increasingly, some are also offering their clients financial analysis or advice on ways to minimize risk.

Life insurance agents specialize in selling policies that pay the beneficiaries in the event of death of life insured or on survival. Depending on the policyholder’s circumstances, a cash-value policy can be designed to provide retirement income, funds for the education of children, or, other benefits. Life insurance agents also sell annuities that promise a retirement income.

ROLE OF AN AGENT:

Life insurance agents are hired by insurance companies and they act as the main link between the insurance company and the insured. Their role is to recommend their clients the right products that address their clients ‘needs. They must act in the interest of the insurance company by using their unique position of knowing their clients well enough to protect the insurance company from any undue adverse product selection. Agents facilitate the smooth sale of insurance products by assisting their clients with completing the paperwork involved and after the policy is sold, the agent should ensure it is serviced properly until maturity or in the event of a claim. At the time of a claim, the agent should also assist the client to complete the required formalities to ensure quick settlement.

LIC CARE:

Life insurance agents are the backbone of any insurance organization. They are a key source of business for the organization, and are a continuing link with the clients. That is the reason why LIC takes a lot of care in recruiting and developing their agency force. Then endeavor is to set high standards of quality in service and salesmanship. To cater to the needs of the knowledge-oriented marketplace, LIC looks out for the people who are service-oriented, good communicators and enjoy meeting new peoples.

WHY TO CHOOSE “LIC” FOR LIFE INSURANCE AGENCY:

• Rewarding career
• A Successful Team
• Attractive Remuneration
• Independence
• World Class Training
• Commitment To Career Agency System
• Full Range Of Products & Services
• Sales & Marketing Support
• Financial Strength
• Rewards & Recognition
• Incentives: Mediclaim, Group Insurance, Gratuity, Computer Advance, Vehicle Advance, Pension Schemes.

QUALITIES OF A SUCCESSFUL AGENT:

Successful agents take this opportunity seriously and run it as their own business. They use their time and interpersonal skills better after becoming an insurance agent. They understand customer’s needs well, hear them out and suggest the best plans. They stay updated with the times. Some of the qualities for a potentially successful agent are:-

• Self-Motivation
• A master communicator
• A go-getter
• 10+2 in urban areas and 10th standard in rural areas
• Insurance agents should be flexible, enthusiastic, confident, disciplined, hard working and willing to solve problems
• They should communicate effectively and inspire customer confidence.
• Insurance agents must be able to plan their time well and have the initiative to locate new clients.
• Persons with proven sales ability or success in other occupations get an added advantage.

FOR DETAILS PLEASE CONTACT:-
Suresh Pawar- Chief Life Insurance Advisor
M- 09850501879/9422201179
Mail id- myjeevandhan@gmail.com