Presentation Transcript

New Business Opportunity With“My Life Insured” :

Marketed by Call :9869196456 patjeet@gmail.com New Business Opportunity With“My Life
Insured” My Life Insured for details contact Call:- 9870356272 / MyLifeInsured@gmail.com

New Business Opportunity With“My Life Insured” :

New Business Opportunity With“My Life Insured” Be a Business Partner with us and avail an
opportunity to earn along with your regular incomes My Life Insured for details contact Call:-
9870356272 / MyLifeInsured@gmail.com Marketed by Call :9869196456 patjeet@gmail.com

New Business Opportunity :

New Business Opportunity All you need to do is Just Open an LIC – Jeevan Saral Policy and get
two more customers for “MY LIFE INSURED” My Life Insured for details contact Call:-
9870356272 / MyLifeInsured@gmail.com Marketed by Call :9869196456 patjeet@gmail.com

New Business Opportunity :

New Business Opportunity Enrolling your Jeevan Saral policy through “My Life Insured” For a
premium of Rs,1000/- and you get Sum Assured + Loyalty Addition around 25-30 Lacs.(Tax
Free) + Income Tax Benefit on the premium paid.+ You Can consider this policy as recurring
deposit with 8-10%+ Business Partner Ship My Life Insured for details contact Call:-
9870356272 / MyLifeInsured@gmail.com Marketed by Call :9869196456 patjeet@gmail.com

New Business Opportunity :

New Business Opportunity Please send us an email to know the benefits My Life Insured for
details contact Call:- 9870356272 / MyLifeInsured@gmail.com Marketed by Call :9869196456
patjeet@gmail.com

Jeevan Saral :
Jeevan Saral was given Best Insurance Policy among all Insurance Companies in the World. My
Life Insured for details contact Call:- 9870356272 / MyLifeInsured@gmail.com Marketed by
Call :9869196456 patjeet@gmail.com

Jeevan Saral :
Jeevan Saral Jeevan Saral is awarded by “Golden Peacock “ For Best Innovative Product. My
Life Insured for details contact Call:- 9870356272 / MyLifeInsured@gmail.com Marketed by
Call :9869196456 patjeet@gmail.com

Jeevan Saral :
Jeevan Saral Covers all in one Policy Periodical Guaranteed Cash Back Any Time Maturity
Return of Premiums with Loyalty Addition My Life Insured for details contact Call:-
9870356272 / MyLifeInsured@gmail.com Marketed by Call :9869196456 patjeet@gmail.com

Jeevan Saral :
Jeevan Saral The One and only policy which gives you all the benefits. Withdraw as per your
NEED Pay as per your CAPACITY My Life Insured for details contact Call:- 9870356272 /
MyLifeInsured@gmail.com Marketed by Call :9869196456 patjeet@gmail.com
Jeevan Saral (Premium /S.A) :
Jeevan Saral (Premium /S.A) Jeevan Saral is the only Policy: You can pay the same premium for
different ages. You will get the same Death Sum Assured for different ages Low premium high
Death Sum Assured for short term.(i.e. as a term insurance). In all ages premium and death S.A.
Both are same. My Life Insured for details contact Call:- 9870356272 /
MyLifeInsured@gmail.com Marketed by Call :9869196456 patjeet@gmail.com

Jeevan Saral (All in One) :

Jeevan Saral (All in One) Jeevan Saral can be compared with any :- Saving Accounts Recurring
Deposit Scheme P.P.F /G.P.F. Account Endowment Plan Money Back Plan Pension Plan My
Life Insured for details contact Call:- 9870356272 / MyLifeInsured@gmail.com Marketed by
Call :9869196456 patjeet@gmail.com

Jeevan Saral (All in One) :

Jeevan Saral (All in One) Jeevan Saral can be compared with any :- Marriage Plan Education
Plan Premium Reducing Plan My Life Insured for details contact Call:- 9870356272 /
MyLifeInsured@gmail.com Marketed by Call :9869196456 patjeet@gmail.com

“My Life Insured” :

“My Life Insured” You can compare the Policy will any of the Insurance and Fix Deposit
Schemes. Or Simply log on to: Life Insurance Corporation of India My Life Insured for details
contact Call:- 9870356272 / MyLifeInsured@gmail.com Marketed by Call :9869196456
patjeet@gmail.com

We Invite to Join in the Family of“My Life Insured” :

We Invite to Join in the Family of“My Life Insured” Thank YOU !!! Suggestions Invited Please
send this your friends My Life Insured for details contact Call:- 9870356272 /
MyLifeInsured@gmail.com Marketed by Call :9869196456 patjeet@gmail.com

LIFE INSURANCE CORPORATION OF INDIA :

LIFE INSURANCE CORPORATION OF INDIA PRESENTED BY: ARCHANA SHARMA
(99) ABHIJIT BHAGWAN (11) ANITA JURIASINGHANI (51) AMIT JAISWAL (49)

ABOUT LIC :
ABOUT LIC Founded in 1956 Largest insurance co. in India Owned by Government 8 zonal
offices 100 Divisional offices 2048 Branch offices 100,21,449 Agents

What Is Life Insurance? :

What Is Life Insurance? Life insurance is a contract that pledges payment of an amount to the
person assured (or his nominee) on the happening of the event insured against.The contract is
valid for payment of the insured amount during: The date of maturity, or Specified dates at
periodic intervals, or Unfortunate death, if it occurs earlier. Among other things, the contract also
provides for the payment of premium periodically to the Corporation by the policyholder. Life
insurance is universally acknowledged to be an institution, which eliminates 'risk', substituting
certainty for uncertainty and comes to the timely aid of the family in the unfortunate event of
death of the breadwinner. By and large, life insurance is civilisation's partial solution to the
problems caused by death. Life insurance, in short, is concerned with hazards that stand across
the life-path of every person:

OBJECTIVES :
OBJECTIVES Spread Life Insurance widely and in particular to the rural areas and to the
socially and economically backward classes with a view to reaching all insurable persons in the
country and providing them adequate financial cover against death at a reasonable cost.
Maximize mobilization of people's savings by making insurance-linked savings adequately
attractive.

Slide 6:
Conduct business with utmost economy and with the full realization that the moneys belong to
the policyholders. Bear in mind, in the investment of funds, the primary obligation to its
policyholders, whose money it holds in trust, without losing sight of the interest of the
community as a whole; the funds to be deployed to the best advantage of the investors as well as
the community as a whole, keeping in view national priorities and obligations of attractive
return.

Slide 7:
Involve all people working in the Corporation to the best of their capability in furthering the
interests of the insured public by providing efficient service with courtesy. Promote amongst all
agents and employees of the Corporation a sense of participation, pride and job satisfaction
through discharge of their duties with dedication towards achievement of Corporate Objective.

Slide 8:
Act as trustees of the insured public in their individual and collective capacities. Meet the various
life insurance needs of the community that would arise in the changing social and economic
environment.

MISSION :
MISSION “Explore and enhance the quality of life of people through financial security by
providing products and services of aspired attributes with competitive returns, and by rendering
resources for economic development."

VISSION :
VISSION "A trans-nationally competitive financial conglomerate of significance to societies and
Pride of India."

BOARD OF DIRECTORS :
BOARD OF DIRECTORS Shri. T.S. Vijayan (Chairman) Shri. D.K. Mehrotra (Managing
Director - LIC) Shri. Thomas Mathew T. (Managing Director - LIC) Shri. A.K. Dasgupta
(Managing  Director - LIC) Shri. Ashok Chawla (Finance Secretary, Ministry of Finance, Govt.
of India) Shri. G.C. Chaturvedi (Additional Secretary, Department of Financial Services,
Ministry of Finance, Govt. of India.) Shri. Yogesh Lohiya (Chairman cum Managing  Director,
GIC of  India) Shri. T.C. Venkat Subramanian (Chairman & Managing Director. Export Import
Bank of India) Dr. Sooranad Rajashekhran

The other subsidiary companies under LIC are: :

The other subsidiary companies under LIC are: Life Insurance Corporation (LIC) of India
International - A joint venture offshore company promoted by LIC which commenced its
operations in July, 1989 with the objective of offering policies denominated in US $ to NRIs
residing in the Gulf. LIC Nepal - Formed in 2001 in joint venture with Vishal Group of
Industries, Nepal. LIC Lanka - Formed in 2003 in joint venture with Bartleet Group of
Companies, Sri Lanka LIC Housing Finance - Established in 19 th June,1989 in Dubai with the
objective of providing long term finance for construction of houses or apartments. LIC Housing
Finance Limited Care Homes - A wholly owned subsidiary of LIC Housing Finance which
builds "Assisted Community Living Centers" for senior citizens.

PRODUCTS :
PRODUCTS

Special plans :
Special plans

COMPARISION OF TOTAL PREMIUM COLLECTED :

COMPARISION OF TOTAL PREMIUM COLLECTED

MARKET SHARE(2008) :
MARKET SHARE(2008)

TAX BENEFIT :
TAX BENEFIT 1)Tax Benefits available for various Life Insurance plans. -The aggregate
amount of deduction under all the relevant sections viz. section 80C, section 80CCC and section
80CCD shall not, exceed Rs.1 Lakh.

Slide 23:
2) Income tax exemption on Maturity/Death Claims proceeds under Section 10(10D). --All the
benefits payable under a Life Insurance policy are tax free. However in cases the premium paid
in excess of 20% of the capital sum assured within a year, benefits paid excess of premiums will
be taxable. The benefits from a key man Insurance policy and any sum received under Sec
80DD, Sub-section (3) are also taxable. 3) Jeevan Nidhi Plan & New Jeevan Suraksha - I Plan
(U/s. 80CCC). --Amounts paid from  the taxable income to premiums of the above annuity are
deductible.

Slide 24:
4) Deduction under section 80D Medical Premium paid for a Health Insurance policy --Medical
Premium paid for a Health Insurance policy is deductible to the extent of Rs. 15000 for an
assessee and/or his family members’ policy/s. A separate exemption to the extent of Rs. 15,000
for premiums paid for an  assessee’s parents is also available. If any one or both of the parents
are Senior citizens, then an enhanced exemption limit of Rs. 20,000 is available.  Section 80D
also covers payment of premium exclusively for Critical Illness Rider.

Slide 25:
5) Jeevan Aadhar Plan (Sec.80DD) Premium paid for LIC’s Jeevan Aadhar Plan (for the
maintenance of an handicapped dependent) is eligible for deduction from the total income to the
extent of Rs.50,000 and to the extent of Rs.75,000/- where handicapped dependent is suffering
from specified severe disability. 6) Exemption in respect of commutation of pension under
Jeevan Suraksha &  Jeevan Nidhi Plans under Section 10(10A):

DIVERSIFIED FIELDS :
DIVERSIFIED FIELDS LIC Housing Finance Ltd LIC HFL Care Homes Ltd LIC Mutual Fund
AMC Ltd LIC Pension Fund Ltd

FUTURE PLAN(2008-09) :
FUTURE PLAN(2008-09) During the year 2008-09 the corporation has planed for sustained
growth in new business. The new business annual budget is as under: (Figures in lakhs)

AWARDS :
AWARDS

Slide 31:
THANKYOU !!

Presentation Transcript
Slide 1:
1 JEEVAN MANGAL DURING INNAUGURAL CEREMONY BY HIS EXCELLENCY THE
GOVERNOR OF BIHAR BRIEF INTRODUCTION
Slide 2:
2

Ab Bima Ki Suraksha Har Ek Ke Lie :

Demand for a Single Premium Plan for making a lump-sum payment on receipt of cash flows/
keeping in mind the low-income group of the society. To serve the underserved – most
vulnerable segment of the society. Constant demand from MI Agents and our MI Officials for
introduction of new Micro Insurance Plan 3 Ab Bima Ki Suraksha Har Ek Ke Lie WHY
JEEVAN MANGAL !!

Slide 4:
4 Difficult to cover the mases with sole existing plan “Jeevan Madhur”. Premiums of a Term
Assurance plan are much lower than an Endowment plan and therefore affordable to the weaker
segment; Maximum S.A. for an Endowment plan is Rs. 30,000/-, however it can be Rs. 50,000/-
for Term Assurance plan, thereby enhancing the risk cover at a very reasonable premium (As per
MI Regulations) Ab har ek ka Jeevan Mangalmay ho ! WHY JEEVAN MANGAL !!

Slide 5:
5 Death Benefit Payment of Sum Assured under the plan. Maturity Benefit Return of premiums
paid excluding premiums paid for A.B. rider if opted for and extra premiums if any. JEEVAN
MANGAL – Product Features A Term Assurance Plan with return of Premiums paid on
Maturity. Benefits Suraksha ka vaada… Dhoop mei, chhaon mein Har nagar, har gaon mein!

Slide 6:
6 JEEVAN MANGAL – Product Features Benefits Modes Single Payment – Yearly, H. Yearly,
Quarterly, Monthly, SSS, F’ly, W’ly. Accident Benefit (Optional) Available on payment of A.B.
rider premium. Grace period Two calendar months or 60 days (for all modes) whichever is
higher.

Slide 7:
7 JEEVAN MANGAL – Product Features Paid-up Value: Acquired after full 3 yrs premiums
have been paid. It is equal to the total premiums paid less premiums paid for A.B. rider and extra
premiums (if any). Guaranteed Surrender Value: For S.P. 90% of S.P. paid excluding A.B. rider
premium and extra premium (if any). For Regular Premium: 30% of total amount of premiums
paid excluding Premium for first year and A.B. rider premium and extra premium (if any). Eit,
eit se banta hai ghar, Thodi thodi bachat se – suraksha har dagar!

Slide 8:
8 Eligibility Conditions and Restrictions: JEEVAN MANGAL – Product Features

Slide 9:
9 Sample premium Rates: Per 1000 S.A. JEEVAN MANGAL – Product Features

Slide 10:
10 JEEVAN MANGAL – Product Features Death Benefit as well as Maturity Benefit under this
plan are Guaranteed. Amount paid by policyholder is refunded (excluding A.B. rider premium)
Availability of Single Premium. MFI’s to protect their loan portfolios due to death of loanee can
piggy back the J. Mangal premium with the loan installment. When loan gets extinguished/
recovered, policy can be reassigned to policy holder and he can enjoy the risk cover till maturity
& get the entire return of premiums paid at the time of maturity. This is a Win-Win arrangement
for creditor & debtor. USPs

Slide 11:
11 JEEVAN MANGAL – Who Will Benefit !! Workers Daily Wages Factory Self Dependant
Vendors Rikshaw Pullers Auto Drivers Domestic Helps Miners Laborers Daily Wage Farm
Laborers Construction Women Petty Laborer Jeevan Mangal ki Pehchan, Har Chehre Par
Muskan!

Slide 12:
12 Dedicated to bringing a smile on every face. Ensure bright future for the needy. Reach Urban
& Rural poor.

Slide 13:
13 HIS EXCELLENCY THANK YOU VERY MUCH