ACKNOWLEDGEMENT

The another homage to founder department commerce,

Dr. H.S. Gour before beginning the work of writing project.
My thankful acknowledgement is to our head of the
department Prof .J.K Jain who arrange this project inspiring of
facing problems.
I express my sincere gratitude to Dr. Nelesh Jain our project
incharge; under this enable guidance and remarkable
knowledge learn certain new fundamental of L.I.C. I wish to
record my thanks for classmates for nice company.
My acknowledgement is incomplete until showing DEBT
of my parents. I am highly in debted to my parents for
financial cooperation and useful suggestions without which
work have not been completed.

DATE:
PLACE:

ANJALI KUJUR
B.Com 4th Sem
Department of
Commerce
Dr.HARI SINGH
GOUR

DECLRATION OF THE STUDENT

I ANJALI KUJUR daughter of

MR.JAMES KUJUR certify that the project report
entitled JOB OPPORTUNITIES IN THE FIELD OF
L.I.C Prepared by me is my personal and
authentic work under the guidance of
DR.NELESH JAIN .

DATE:
PLACE:
Sem.
525583
nagar
varma
no. 7

ANJALI KUJUR
CLASS: 4 TH
Roll no:
Address: Sneh
Sandeep
Colony plot
Phone: 265618

CERTIFICATE OF THE SURVEYED

INSTITUTION

This is to certify that MS. ANJALI KUJUR has

visited our office for her project work. During
the project work was satisfactory.

DATE:
PLACE:
Designation:

Signature:
Name:
Office

CERTIFICATE OF THE SUPERVISOR

This is to certify that Ku. ANJALI KUJUR work

in original to my best of knowledge.

DATE:
JAIN

Signature of the
Supervisor
Name: DR. NELESH

INTRODUCTION

The Life Insurance Corporation (L.I.C) of India founded in 1956 is

the largest life insurance company in India owned solely by the government
of India headquarter the Mumbai, which is considered the financial capital
of India, L.I.C presently has 7 zonal offices and 100 divisional offices
situated all around the country.
In addition to an even distribution of 2048 branches all
around located in different towns and cities of India, L.I.C also has a
network of around one million agents who solicit life insurance policies to
the public.

OBJECTIVES
.Spread life insurance widely and in particular to the rural areas and
to the socially and economically back ward 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 peoples savings by making
insurance linked savings adequately attractive.
-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.
-Conduct business with utmost economy and with the full realization
that moneys belong to the policyholder.
-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.
-Involve all people working in the corporation to the best of the
insured public by providing efficient service with courtesy.
-Promote of participation, pride and job satisfaction though
discharge of their duties with dedication towards achievement of
corporate objective.

POSSIBILITIES AND EFFORTS IN EMPLOTMENT/SELF

EMPLOYMENT H IGHER EDUCATION SERVICES AND
CONNECTION WITH ITS ALTERNATIVES POINTS TO ITS
ALTERNATIVES

Life insurance agents

A comprehensive benefit package

Training
Careers
Rewards & recognition

Some of the qualities we seek for a L.I.C AGENT

Self- motivation
A master communicator
A go- getter
A graduate

Source of inspiration to choose this alternative

I am inspired by my family friend who is a L.I.C ( Life insurance) agent and
getting a handsome income

Facts to know about a LIC agent

What does an L.I.C agent do?
Most people have their first contact with an insurance company through an
insurance sales agent. These workers help individuals, families , and businesses select
insurance policies that provide the best protect for their lives, health, and property.
Insurance sales agents who work exclusively for one insurance company are referred
to as captive agents. Independent insurance agents, or brokers, represent several
companies and place insurance policies for their clients with the company that offers
the best rate and coverage. In either case, 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 the clients can minimize risk.
Insurance sales agents, commonly referred to as producers in the insurance
industry, sell one or more types of insurance, such as property and casualty, life,
health, disability, and long-term care. Property and casualty insurance agents sell
policies that protect individuals and businesses from financial loss resulting from
automobile accidents, fire, theft, storms, and other events that can damage property.
For businesses, property and casualty insurance can also cover injured workers
compensation, product liability claims, or medical malpractice claims.
Life insurance agents specialize in selling policies that pay beneficiaries when a
policyholder dies. Depending on the policyholders circumstance, 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. Health insurance agents sell health insurance policies that cover the costs of
medical care and loss of income due to illness or injury. They also may sell dental
insurance and short- and long-term-disability insurance policies.
The growth of the internet in the insurance industry is gradually altering the
relationship between agent and client. In the past, agents devoted much of their time

to marketing and products to new clients, a practice that is now changing.

Increasingly, clients are obtaining insurance quotes from a companys website and
then contacting the company directly to purchase policies.
This interaction gives the client a more active role in selecting a policy at the best
price, while reducing the amount of time agents spend actively seeking new clients.
Because insurance sales agents also obtain many new accounts through referrals, it is
important that they maintain regular contact with their clients to ensure that the
clients financials needs are being met. Developing a satisfied clientele that will
recommend an agents services to other potential customers is a key to success in this
field.

Minimum qualification for the alternative

12th standard pass and of the age 18 and above.

Information of competitive exam/ training related to

the alternative
Elegibility test conducted by insurance institute of India and obtaining license from
IRDA. Training is also given to agents to also given to agents to go through both
generic and specific, professional programs that help them remain well- informed and
knowledgeable about the companys products in the market. There is a further focus
on soft skills such as communication, managing long-term relationships and selling
skills, which are very relevant in a service-driven industry like life insurance.
State of the art infrastructure training facilities coupled with an excellent faculty,
guarantee an exceptional learning environment. For agents who might be occupied
with their daily business/ professional routines.
A 17-18 day training schedule covers the mandatory IRDA training requirements
and L.I.C product-training module. Revision session ensure that the candidates
thoroughly understand the course contents and are well prepared for the licensing
examination. Theoretical training is interspersed with practical appointment
settings with potential customers, giving agents a feel of how their business will
work form the very first day. All through, the development officer and the
management provide continuous support to the advisors in achieving
independence towards garnering business L.I.C agents are constantly recognized
and rewarded for their performance. Numerous competitions all year round

promote healthy competition amongst agents and recognition for their efforts.
Depending on the level of business the agents achieves in a year, he or she can
become a member of various clubs such as the corporate club, the chairmans
club, etc.
Each of these clubs have specific performance criteria for qualification and
member of these clubs are entitled to attend seminars held at exotic international
and domestic location each year. Advisors can also qualify for the renowned
MDRT (Million Dollar Rounds Table), an exclusive international insurance
advisors club.
S.No Date
Address of Contact persons
Surveyed / for
institution
the collection of
Phone No.
information
Name
01

LIC of
India BR.
1 sagar

Shri R.N Thakre

& A.P. Tiwari

LIC of
India br. 1
sagar

Lalit kujur

Changes made
in LIC

03

LIC of
India br. 1
sagar

Smt. Priti D.
Negandhi(HGA)

04

LIC OF
INDIA BR.
1 SAGAR

S.N. Hela(HGA)

Taking
information
about rankers
list& sale of
policy during the
year.
Change made in
pay scale during
the year

02

223929

Taken
information
about various
product/ plans
and carrier of an
agent.

05

06

Bhagwan
ganj br. Of
sagar

Ramesh Kumar
Tiwari

Civil line
br. Of
sagar

Ravendar kumar

No. of Policies
sold by agents
and ranking list
of bhagwan ganj
branch branch
No.of policies
sold and ranking
list of the agents
in civil line
branch

Detailed particulars efforts made by students for the

collections of information
History of LIC of India
The first 150 years of the British RULE in India were characterized by turbulent
economic condition. The first war of independence in 1875, the World Wars 1 and 2
(1914-1918 and 1939-45) and Indias NATIONAL struggle for freedom in had adverse
effect on the economy. In addition this the period of world wide economic crisis in
between the two world wars terms as the period of great depression led to the high rate
of bankruptcies and liquidation of most life insurance companies in India that existed
during that time. These occurrences led loss of faith in insurance of the people of
India.
The life insurance companies act and provident fund act both passed in 1912
provided regulatory to the life insurance industry in India for the first time. After
undergoing several other such reform in the following decades and after India
achieved independence, the parliament of India passed the life insurance of India act
on19th June, 1956 following which the life insurance corporation (LIC) of India on
1st September of the same year. The company began its operation with 5 zonal officers,
33 divisional officers and 212 branch officers.
An individual it is inherent to differ. Each individual? Insurance needs and
requirement are different from that of the other LIC? Insurance plans are policies
that talk to you individually and give you the most suitable option can fit your
requirement.

Different types of life insurance

Introduction

In this article I will be writing about different types of LIFE

INSURANCE PLANS in the market. As we know that Life Insurance is the important
for everyone to protect their family incase of their demise the insured money will save
their family for educating their children and marriage of daughter, etc. according to
your needs, one can choose their Life Insurance Scheme. This article presents the
very basic knowledge on different Life Insurance Plans and how it will benefit you in
the future. If you have any double, please post it the comments section. You can
subscribe to our future articles here.

Plans for handicapped dependents

Jeevan aadhar
Jeevan vishwas

Endowment Assurance Plans

The endowment assurance policy
The endowment assurance policy-limited payment
Jeevan mitra (double cover endowment plan)
Jeevan mitra (triple cover endowment plan)
New janaraksha plan
Jeevan Amrit

PLANS for high worth individuals

Jeevan shree-1
Jeevan pramukh

Money Back Plans

Jeevan varsha
The money back policy-20 years
The money back policy-25 years
Jeevan surabhi-15 years
Jeevan surabhi-20years
Jeevan surabhi-25years
Bima bachat

Special Money Back Plan For Women

Jeevan tarang
Jeevan bharati-1

Whole life plans

The whole life policy
The whole life policy-limited payment
The whole life policy-single premium
Jeevan anand

Term Assurance Plans

Two year temporary assurance policy
The convertible term assurance policy
Anmol jeevan-1
Amulya Jeevan-1

Unit Linked Plans

Market Plus
Fortune Plus
Profits Plus

Children Plans
Jeevan anurag
CDA endowment vesting at 21
CDA endowment vesting at 18
Jeevan kishore
Child career plan
Child fortune plus
Komal Jeevan
Marriage endowment or educational annuity plan
Jeevan chhaya

Child future plan

Children plans

Introduction
The plan is specially designed to meet the increasing
educational, marriage and other needs of growing children. It provides
the risk cover on life of child not only during the policy term but also
during the extended term (i.e. 7 years after the expiry of policy term).
A number of survival benefits are payable on surviving by the assured
to end of the specified durations.

Option
You may choose sum assured (S.A.) maturity age, policy term,
mode of premium payment and premium waiver benefit.

Payment of Premiums
You may pay the premiums regularly at yearly, half-yearly,
quarterly or through salary deductions over the term of policy.
Premiums may be paid either for 6 years or up to 5 years before the
policy term.

Simple Premium Rate

Following are some of the sample premium rates per Rs. 1000/- S.A.
Age

For 6 years premium paying term

maturity age

0
4
8
12

23
112.55
132.35
156.20
184.20

24
108.00
127.00
149.90
176.85

25
26
27
103.65
99.45 95.45
121.85 116.90 112.15
143.85 138.05 132.45
169.75 162.95 156.40

For premium paying term= policy term less 5 years

Age
0
4
8
12

maturity age
23
53.10
71.80
107.80
184.20

24
49.45
66.90
96.30
155.40

25
46.20
61.65
86.75
133.90

26
27
43.25
40.60
57.00
52.95
78.75
71.90
117.25 108.05

Mode & High S.A. Rebates

MADE REBATES
Yearly mode
- 2% of tabular premium
Half yearly mode
- 1% of tabular premium
Quarterly &Salary deduction-nil

SUM ASSURED REBATE

Sum assured
100000 to 299999
300000 to 499999
500000 and above

PENSION PLANS
Jeevan nidhi

- Rebate (Rs)
- NIL
- 1.5 % S .A.
- 2 % S.A.

Jeevan akshay- VI
New Jeevan Dhara -I
New Jeevan Suraksha I

PENSION PLANS
Introduction
Pension plans are individual plans that gaze into your future and foresee
financial stability during your old age. These policies are most suited for senior
citizens and those planning a secure future, so that you never give up on the best
things in life.
LICs JEEVAN NIDHI is a with profits Deferred Annuity (Pension) plan. On survival
of the policyholder beyond term of the policy the accumulated amount (i.e. Sum
Assured +Guaranteed Additions +Bonuses) is used to generate a pension (annuity) for
the policy holder. The plan also provides a risk cover during the deferment period. The
UPS of the plan being the pension can commence at 40 years. The premiums paid are
exempt under section 80ccc of income Tax Act.

Sailent Features:
a. Guaranteed Additions: Guaranteed Additions @ Rs. 50/- per
thousand sum assured for each completed year, for the first five years.
b. Participation in profits : The policy shall participate in
profits of the corporation from the 6th year onward and shall be entitled to
receive bonuses declared as per the experience of the corporation.
c. Benefit On Vesting :

1. Option to commute: Up to 1/3rd of the amount available on vesting, which

shall include the sum assured under the basic plan together with accrued
Guaranteed additions, simple reversionary bonuses and terminal bonus , if any.
2. Annuity as per the option selected: Annuity on the balance amount
if commutation is exercised, otherwise annuity on the full amount.
d. Annuity Option :
On vesting, the annuity installment , mode of annuity payment and type of annuity
which shall be made available to the life assured(annuitant)/ nominee will depend
upon the then prevailing immediate annuity plan of the life insurance corporation of
India and its terms and condition. Currently the following options are
1. Annuity for life: The annuity is the life assured as long as he/she is alive.
2. Annuity Guaranteed for certain periods: The annuity is paid to the life
assured for periods of 5 or 10 or 15 or 20 years as chosen by him/ her, whether
or not he/ she survives that period. After the chosen period, the annuity is paid to
the life assured as long as he/she is alive.
3. Annuity with return of purchase price on death: the annuity is paid to
the life assured as long as he/she is alive. On the death of the life assured, the
purchase price of the annuity is paid as death benefit. The purchase price
includes the sum assured under the plan, the accrued guaranteed additions and
accrued bonuses, excluding the commuted value, if any.
4. Increasing annuity: the annuity is paid to the assured as long as he/she is
alive. The amount of annuity increases every year at a simple rate of 3% per
annum.
5. Joint life last survivor annuity: the annuity is paid
to the life assured as long as he/she is alive. On death of the life assured, 50% of
the annuity is payable to
the nominated spouse as long as the spouse is alive.

e. Death Benefit on death before annuity vests:

On the death of the life assured during the deferment
period of the policy, i.e. before the annuity vests, an amount equal to the
sum assured under the basic plan along with the accrued guaranteed
additions, simple reversionary bonuses and terminal bonus, if any, will be
paid in a lump sum to the appointed nominee, provided the policy is in
force for full sum assured. Nominee will also have the option to purchase
an annuity with this amount.

Challenges and expected solution in future

Present status of LIC of India

Existing as a towering insurance company for over 50 years, LIC has acquired
almost monopoly power in the solicitation and sale of life insurance
policies in addition to the summary regarding the present stature provided
at the beginning, LIC has extended its activities in 12 countries other than
India with the objective of catering to the insurance needs of non resident
Indians
The enforcement of new economic reforms in 1991 coupled with formation of
insurance regulatory and development authority act (IRDA) of 2000 (which
started issuing licenses to private life insurers) has diluted the monopolistic
attitude commanded by LIC. The only insurance company belonging to the
public sector now has to compete with several other corporate entities of its
kind which often are heavyweight Indian as well as Multinational life
Insurance Brands in themselves.

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
NRI residing in the gulf.
LIC Nepal- Formed in joint venture with Vishal group of industries, Nepal.

LIC Lanka Formed in 2003 in joint venture with Bartlett group of

companies, Sri Lanka.
LIC Housing Finance Established in 19th 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.

Assignment
In case you are raising a loan against your policy from LIC or any other
financial institution, your policy would have to be assigned to LIC or the financial
institution. When you assign the policy the title of the policy is shifted from your
name to that of the institution.
The policy would be reassigned to you on the repayment of the loan. A fresh
nomination should be done after reassignment of the policy. Assignment of
policies can be dine even when a loan is not required or for some special purposes.
When to pay the premiums remember to pay your premium in tim , even if our
notices do not reach you. There may be a postal delay LIC usually sends premium
notices one month in advance to the due month of the premium.
The months in which premium are due given on the first page of the policy bond.
Grace period for premium payment in case you have not paid the premium within
the due date there is still time for you to make the payment without payment of
interest on the premium. This period is called the grace period.( With the exception
of some plans) the grace period for policies where the premium payment mode is
monthly is 15 days from the due date. The grace period for policies where the
premium payment mode is quarterly, half-yearly or yearly is one month but not
less than 30 days.

How and where to pay the premiums

By cash, local cheque (subject to realization of cheque), demand draft at

branch office.

The DD and cheques or money order may be sent by post.

You can pay premium at any of our branches as 99% of our branches are
networked.

Many banks do accept standing instructions to remit the premiums. So by

providing a standing a standing instruction to your Bank to debit your
account for the premium amount and send it vide a bankers cheque to
LIC, on the due dates and months mentioned on your policy bond.

Through internet payment of premiums can be made through internet

through service provider's viz. HDFC Bank, ICICI Bank, Times of money,
bill junction, UTI Bank, Bank of Punjab, Citibank, Corporation Bank,
Federal Bank and Bill desk.

Premium payment can also be made through ATMs of corporation Bank

and UTI Bank.
Premium payment can also be made through Electronic Clearing Service
(ECS) which has been launched at Mumbai, Hyderabad, Chennai, kolkata,
New Delhi, Kanpur, Bangalore, Vijay wada, Panta, jaipur, Chandigarh,
Trivandrum, Ahmedabad, Pune, Goa, nagpur, Secunderabad &
Visakhapatnam. A policy holder wishing to use this system would have to
fill up a Mandate from available at our Branches/DO and it certified by the
bank. The certified Mandate Forms are to be submitted to our BO/DO.

Policy can be anywhere in India: Citibank Kiosks at industrial Assurance

Building, Church gate, New India Building, Santa Cruz, Jeevan Shikha
Building, Borivili are dedicated for collection of premiums through
cheques.

Policy Status-Where Available

Status of your policy indicates if your policy is in force or has lapsed due
to non- payment of premium. It also provides other important information with respect
to your policy, for your reference.
The status of your policy is available at the branch that services your policies.

It is also available through our interactive voice response system in select cities in
cities connected by our computerized the status will be available in any of the
branches.
Now the policy status of policies being serviced in the cities online touch screen kiosks
are also provides where you can view your policy status.

Revival of Lapsed Policies

If your policy has lapsed due to non- payment of premium within the due
date, the terms and conditions of the policy contract are rendered void, till you revive
your policy.
A lapsed policy has to be revived by payment of the accumulated premiums with
interest as well as giving the health requirement as required. Always keep your policy
in force to ensure that your family gets their financial protection assured by your
policy.
However certain concessions dependent on the term for which you have paid the
premium are available with the exception of some plans for claims concession.

Availing Loans on Policies

Many of our of endowment type and would be allowed to raise a loan
against your policy should you require funds.
You repay the loan with interest or continue paying the interest and allow the loan to
be deducted at the time of the claim payments.
Further loans on policies are allowed after deduction of earlier out standings. Most
financial institutions too allow loans against LIC policies based on the value LIC
quotes on request from you.

Surrender Value
This is the value which is the amount payable to you should you decide to discontinue
the policy and encash the same from LIC.
Surrender value is payable only after three full years premium are pa
This id to LIC. More over if it is a participating policy the bonus get attached to
it as per prevalent rules.

Surrender of policy is not recommended since the surrender value would always be
proportionately low.
Should you decide to go in for anther insurance at this stage further insurance would
be available to you at a much higher premium because your age would have advanced
since taking out the earlier policy.
Therefore relation of earlier policies and continuation of all policies without allowing
them to lapse is the best strategy for continuing life insurance protection.

Maturity, Survival Benefits, Disability and Death

Claims
When your survival benefits (for money back policies) or maturity benefits are due, we
send intimations to you in advance. However, if the survival benefit amount is less
then or equal to Rs 60000/- the same will be sent to you directly without policy or
discharge forms with a few exceptions.
If such intimations have not come to you before the due date kindly inform us so
that we may take necessary action.

Policies under Salary savings scheme

If you have taken your policy under salary saving scheme please read the
following suggestions:

For each salary savings scheme policy your employer deducts the premium
form your salary and sends a consolidated cheque for all the policies of the
employees to a designated branch of LIC, where all the policy files are
maintained.

You can find out which branch of LIC your policy file will be serviced either
form your agent or from the pay roll department of your employer.

You will need to know which branch of LIC services your policy because you
will require their help in getting your maturity/ survival benefits, for any
alterations like change of address and for availing loans etc.

In case you are in a transferable job please inform the designated branch of
LIC about your new place of posting. After you join your new place of posting
please ask your employer the LIC branch where the premiums are being
remitted by your office there and inform the LIC branch which was servicing
you earlier so that your policy files can be transferred.

This way your records will be at correct place and will receive the services
form us like maturity, in time. In case you are leaving your employer for a
new job or joining another firm, you have the facility to either continue the
policy under the salary savings scheme of your new firm or to convert the
payment mode into quarterly, half yearly or yearly mode.

Always ensure the continuity of premium payments to avoid frequent revivals

of policy. This may become a cumbersome process for a person who is in a
transferable job.

Please do not send any installments directly to us. Your premium must come
through your employer only. We do not have systems to adjust single
installments received from our policy holders. Otherwise please convert the
mode into quarterly, half yearly, or yearly and pay directly. This way you also
get a discount on the premium payable.

Leave a permanent local address with us so that we can reach you wherever
you are even after many years.

DIFFERENCE IN PAY SCALE OF DIFFERENT

DESIGNATION
Zonal Manager(selection)
56510-58150-59850
Zonal Manager(ordinary scale)
32530-46610-53610
Senior Divisional Manager
41660-45260-47960
Divisional Manager
22030-34460-42860
Assistant Divisional Manager
29000-34460-39260
Administrative Officer
23120-29000-34460
Assistant Administrative Officer
17240-29000-32640
Section Head
9965-14375-24455

Stenographers
15270-16850-23570
Cashiers
15270-16850-21050
Drivers
8975-9300-13980
Sweepers
7115-9235-11125

GRAPHICAL REPRESENTATION OF THE PAY

SCALE

DIFFERENCE BETWEEN THE OLD & NEW POLICIES

OLD POLICY
1.
2.
3.
4.
5.

Bima gold policy

Jeevan anurag
Jeevan nidhi
Jeevan mitra
Anmol Jeevan I

NEW POLICY
1.
2.
3.
4.
5.

Health plus
LIC s fortune plus
Jeevan varsha
Jeevan Bharti
new gold policy

LIFE INSURANCE CORPORTION OF INDIA

Dev. Off. Code WISE ANALYSIS OF NEW BUSINEES
COMPLETED DURING: 01/04/2009 TO 30/09/2010

Branch code: 371 MAIN BRANCH OF SAGAR

Dev off code

No. of
POLICY

PREMIUM

Sum assured

000000
0002066
0002067
0002973
0002975
0002976
0002977
0008892
0008894
0008922
0008923
0008924
0008926
0008927
7777777
9999999

538
431
399
242
345
271
293
481
210
438
130
478
161
9
167
231

10925853.00
4188064.00
5471980.00
2818158.00
2533443.00
3676381.00
4813145.00
5330035.00
2627932.00
7630202.00
1454577.00
3872770.00
732097.00
14188.00
3865511.00
13760299.00

42700000
27767500
36805000
25062500
34262500
24255000
33755000
40007500
23532500
44517500
17562500
57390000
13062500
560000
13455000
33445000

BRANCH
TOTAL

4824

72914635.00

468140000

CIVIL LINE BRANCH DEV. OFF. CODE WISE ANALYSIS

OF NEW BUSINESS DURING 01/04/2010 TO
30/09/2010

DEV OFF
CODE
0000000

NO. OF
POLICY
10

PREMIUM

SUM ASSURED

199524.00

555000

0002063

10

128743.00

800000

0002065

758

18651279.00

115897500

0002068

250

2750301.00

19885000

0002069

640

8463595.00

61457500

0002553
0002971
0002982
0002985
0002989

234
314
241
791
154

2534348.00
8741873.00
7172553.00
11769110.00
3474762.00

19175000
3655500
18250000
68575000
12005000

0370753
0370754
7777777
9999999
BRANCH
TOTAL

43
236
211
675
4567

141234.00
1220439.00
6548106.00
14993755.00
86789622.00

2805000
19192500
18580000
64807500
458540000

BHAGWAN GANJ BRANCH CODE: 3051 DEV. OFF.

CODE WISE ANALYSIS OF NEW BUSINESS DURING:
01/04/2010 TO 30/11/2010

DEV OFF
CODE

NO. OF POLICY

PREMIUM

SUM ASSURED

0000000
7777777

31
130

367691.00
1531227.00

3297500
13052500

9999999

2024

38131562.00

177705000

BRANCH
TOTAL

2185

40030480.00

194055000

Main branch
RANKING LIST OF AGENTS ON THE BASIS OF: FIRST. PRE FOR
371 BRANCH; For the period: 01/04/2009 TO 30/09/2010

Agent
Code
0402537
1
0473837
1
0471537
1
0507537
1
0495337
1
0597037
1
0461037
1
0524537
1
0453637
1
0444137
1

Agents
name

No. of
policy

Premium

Sum
Assured

Rank

SRI MANHU
KANT JAIN
SRI RAKESH
CHHABDA
SRI VINOD
JAIN
SRI
VISHWANATH
PATEL
SMT SARLA
JAIN
GOVIND
PRASAD
DUBEY
MEENAKSHI
SINGH
SMT ANITA
AGRAWAL
SRI
DHARMENDR
A KU. MISHRA
SRI KAMLESH
KUMAR
TIWARI

59

8483888.0
0
2940946.0
0
1504000.0
0
1477684.0
0

5692500

7575000

340000

2582500

1302530.0
0
1203301.0
0

2470000

5225000

1151790.0
0
1149442.0
0
1097285.0
0

500000

3777500

1490000

987313.00

2037500

10

33
21
28
35
40
17
38
28
31

CIVIL LINE BRANCH RANKING LIST OF AGENTS- on the basis offirst. Prm. For 37m branch For the period: 01/04/2010 TO

30/09/2010
Agent

Agent s

No. Of

Premium

Sum

Rank

code
0140337
M
0201937
M

policy
105

0022437
M
0024737
M

Name
SRI NITIN
KUMAR SAHU
SMT
SANGEETA
JAIN
SRI CHANDRA
SHEKHAR
CHOUBEY
SRI MONOJ
PATEL
SRI SITA RAM
SAHU

0060037
M

SRI SUBHASH
PATEL

0066137
M

ROOPESH
KUMAR
KEDHARWANI
SRI RAJKUAR
RAWAT
SRI SRIYANSH
JAIN
AMREET
DINGH LODHI

0195937
M

0098637
M
0060337
M
0163337
M

16

4426780.0
0
4100000.0
0

Assured
1601500

1750000

51

2798182.0
0

6305000

73

2443314.0
0
2375588.0
0

6635000

2010000

76

2291624.0
0

3380000

51

1966934.0
0

7060000

19

1751981.0
0
1520517.0
0
1512486.0
0

5695000

7372900

5120000

10

62

101
51

INDEX
S.NO

TOPIC

1
2

Introduction
Objectives

Page
No.

3
4
5

8
9
10

Name of the alternative

Source of inspiration
Minimum qualification for the
alternative
Information of competitive exam
training related to the alternative.
Detailed particulars efforts made by
students for the collections of
information
Difference in pay scale
Changes made by LIC in policies
Sales of policies

11

Ranking of the agents

6
7

12

Working of LIC

13

Five great reasons to choose LIC

14
15

Problems face by LIC

Consulsion

BHAGWAN GANJ BRANCH RANKING LIST OF AGENTSON THE BASIS OF- FIRST. PRM. FOR 3051 BRANCH
FOR THE PERIOD 01/0402010 TO 30/11/2010
AGENT
CODE
00025305
1

AGENTS
NAME
SRI
SURENDRA
KUMAR DUBEY

NO. OF
POLICY
201

PREMIUM
4444248.0
0

SUM
ASSURED
14112500

Ran
k
1

00266305
1
00012305
1
00098305
1
00037305
1
00140305
1
00051305
1
00046305
1
00145305
1
82002351

HANAN SINGH
THAKUR
SRI ARVIND
JAIN
SRI DILEEP
KUMAR
CHOURASIA
SHRI
JITENDRA
KESHARWANI
SRI RAKESH
KUMAR
FUSKELAY
SMT PUSHPA
NENA
SHRI NETRAM
AATHIYA
SRI
RAMESHWAR
PD. SHARNA
PARIVAR
DAIRIES AND
ALLIED LTD

101

3828545.0
0
2657070.0
0
2525795.0
0

13025000

4312500

2455000

61

2040581.0
0

3612500

47

1725833.0
0

3165000

32

1621119.0
0
1177673.0
0
1127550.0
0

3030000

8730000

3710000

1107384.0
0

4415000

10

53
54

85
43
68

THE LIC AGENTS DURING THE YEAR 2009 AND 2010

BRANCH
MAIN BRA.
BHAGWAN
BRA.
CIVIL LINE
BRA.

2009
711

YEAR
2010
527

44

130

20

Graphical Representation Of Agents During 2009

and 2010

Working of lic

About LIC
LIC is a company proudly built on traditional values. Our roots are firmly planted in
the New Zealand dairy industry but we arent just all about cows anymore. We have

diversified into other species to include beef, deer and sheep and now offer complete
farm management packages.
Our team is made up of 500 permanent and 1200-1500 seasonal employees.
When you join us, youll find youre working with a group of people who are
passionate about the business theyre in, proud of their company, and who really
know their stuff. Working for LIC means continual opportunities to learn from people
who are the best in their field; in some case the best in NZ, in others, the best in the
world.
Youll need to be comfortable with change; LIC is growing fast and change in todays
market is inevitable. Were one team, so we look for people who can look beyond their
own little corner of the world to make decision that make sense for the business, and
who will take responsibility for those decision.
As we change and grow were becoming much more focused on our company values
and what they really mean for us. Were holding ourselves and each other accountable
to being the way we want LIC to be. Were not looking for
yes-people;
challenging the status quo is what has got LIC where it is today.

Five great reasons to choose lic

CAREER OPPORTUNITIES

LIC can provide a wealth of opportunities for personal and professional development.
Theres room here for you to plan a career if thats you what you want to do- ask one
of the people whose
Careers have spanned the entire company ,or one of those who have left us and then
come back to rejoin the LIC team bringing new experience and perspectives.

EMPLOYEE BENEFITS
We know its not just all about money, and we like to look after our people . we can
offer you a choice of superannuation schemes, and access to group discounted health,
life and disability insurances. Our life entitlements exceed the minimum with 10 days
sick and 2 extra annual leave days per year. Whenever possible we like to pass on the
benefits of existing business relationship like discount to fuel, electronics, travel
insurance, banking packages and some legal services.

WORK ENVIRONMENT
The LIC head office based in the Waikato offers a workplace second to none. Set on
the outskirts of Hamilton City we have park-like surroundings with hassle-free
parking. Theres a swimming pool, tennis and your lunch break, always Pilates or
yoga!

OUR PEOPLE
Its the people that make our company so great. We have an infrastructure that can
take you from intention to production and delivery and a team of brilliant people that
have made us an award winning Agribusiness Company.

REWARD
At LIC we believe in working hard and being rewarded for it. We offer a robust
remuneration structure including incentives and bonuses. Where we can we like to
support work flexibility offering real work/life balance.

Problems face by LIC

1.

INDUSTRIES PROPLEMS

Commoditization in personal line products.

2.

Shifting consumer requirements ( everyone wants products tailored to

them customization)
Heightened competition.
Global economic meltdown.

BUSINESS PROPLEMS

The key business challenge for most of the insurers is to reduce the
turnaround time and improves their speed to market their products.
Distribution channel pressures and emerging consumer demands for mass
customization and hydrid products are moving rapid products development from being
a competitive advantage to necessity.

3. PROCESS PROBLEMS
Lack of stream lined processes, change management, automated processes, central
repository.

CONSULSION

New approaches and technology are needed to manage and develop

insurance products which reduces the cost and time to market.

speed, quality, efficiency and capacity are different dimentions to

counter the above challenges.

product Solution

deliver new products/product customizations efficiently,

quickly and in a flexible manner.
Making change to existing products quickly.
Meeting demand for combination products i.e. developing products that encompass
multiple feature in todays products.
Speed to match the competition if market embraces a particular products feature
launched by the competitor, other insure tend to quickly follow suit to meet
competition. Example: conservative LIC introduction Unit Linked Plans to meet
competition.
Real time underwriting based on customer segmentation.

Organizational Solutions

For robust performance and growth empower front-line staff and

equip them with multiple skills.

Technology Solutions
Quickly respond to business needs by deploying new
technologies and applications.
I view global economic meltdown as an opportunity
rather as a threat because we are not dependent of other countries as much as other
countries are on each other. So an investor in India needs security for his funds
than return at this moment, he is willing to invest even in the downturn. So
insurance companies are not finding it difficult to mobilize funds but to give the
promised returns on them.

So the investor is willing or happy to invest his

funds in an insurance company which guarantees him a fair return and the one he
trusts would do.