HOW TO BECOME LIC AGENT IN TUMKUR, KARNATAKA
HIMANSHU KUMAR
Development Officer
Tumkur-1 Branch
Gandhinagar,Tumkur-572102
Mob. - 9031279343
Development Officer
Tumkur-1 Branch
Gandhinagar,Tumkur-572102
Mob. - 9031279343
You can registered with us on http://licindia.in ,click the icon want to be lic agent?
or click the link below
http://agencycareer.licindia.in/agt_req/
Steps:
>Registration
>sponsored agent form
>select sponsor type >DEVELOPMENT OFFICER
>D.O name> HIMANSHU KUMAR
>development officer code>106161
>division code>61
>branch code>615
>select agent type>normal agent
For any query you can call us on: 9031279343
For any query you can call us on: 9031279343
Qualification :10th
Minimum/Maximum Age:18 years /No limit
Documents to be uploaded on image(jpg):
1. 10th Certificate
2. Aadhar card
3. Pan Card
4. photo size below 50kb
5. signature size below 50kb
6. Registration Fee 150 to be deposited in branch
7. online/offline training fee Rs 100 link will be sent after the registration fee is deposited.
8. Free practical training by Branch Manager/Assistant Branch Manager/Development Officer for 25 hours.
9. Book free
10.Examination 425 + service tax please pay on
Minimum/Maximum Age:18 years /No limit
Documents to be uploaded on image(jpg):
1. 10th Certificate
2. Aadhar card
3. Pan Card
4. photo size below 50kb
5. signature size below 50kb
6. Registration Fee 150 to be deposited in branch
7. online/offline training fee Rs 100 link will be sent after the registration fee is deposited.
8. Free practical training by Branch Manager/Assistant Branch Manager/Development Officer for 25 hours.
9. Book free
10.Examination 425 + service tax please pay on
Enroll Now for LIC Agency
LIC OF INDIA
TUMKUR-1 BRANCH
615,
GANDHI NAGAR,
RAILWAY STATION ROAD
TUMKUR-572102
Mob. 9031279343
LIC Agent As Financial Planner:
Personal finance is the financial management which an individual or a family unit performs to budget, save, and spend monetary resources over time, taking into account various financial risks and future life events.[1] When planning personal finances, the individual would consider the suitability to his or her needs of a range of banking products (checking, savings accounts, credit cards and consumer loans) or investment private equity, (stock market, bonds, mutual funds) and insurance (life insurance, health insurance, disability insurance) products or participation and monitoring of individual- or employer-sponsored retirement plans, social security benefits, and income tax management.
Personal financial planning process
The key component of personal finance is financial planning, which is a dynamic process that requires regular monitoring and reevaluation. In general, it involves five steps:[5][6]
1. Assessment: A person's financial situation is assessed by compiling simplified versions of financial statements including balance sheets and income statements. A personal balance sheet lists the values of personal assets (e.g., car, house, clothes, stocks, bank account), along with personal liabilities (e.g., credit card debt, bank loan, mortgage). A personal income statement lists personal income and expenses.
2. Goal setting: Having multiple goals is common, including a mix of short- and long-term goals. For example, a long-term goal would be to "retire at age 65 with a personal net worth of $1,000,000," while a short-term goal would be to "save up for a new computer in the next month." Setting financial goals helps to direct financial planning. Goal setting is done with an objective to meet specific financial requirements.
3. Plan creation: The financial plan details how to accomplish the goals. It could include, for example, reducing unnecessary expenses, increasing the employment income, or investing in the stock market.
4. Execution: Execution of a financial plan often requires discipline and perseverance. Many people obtain assistance from professionals such as accountants, financial planners, investment advisers, and lawyers.
5. Monitoring and reassessment: As time passes, the financial plan is monitored for possible adjustments or reassessments.
Typical goals that most adults and young adults have are paying off credit card/student loan/housing/car loan debt, investing for retirement, investing for college costs for children, paying medical expenses.[7][8]
Areas of focus
The six key areas of personal financial planning, as suggested by the Financial Planning Standards Board, are:[9]
1. Financial position: is concerned with understanding the personal resources available by examining net worth and household cash flow. Net worth is a person's balance sheet, calculated by adding up all assets under that person's control, minus all liabilities of the household, at one point in time. Household cash flow totals up all the expected sources of income within a year, minus all expected expenses within the same year. From this analysis, the financial planner can determine to what degree and in what time the personal goals can be accomplished.
2. Adequate protection: or Insurance, the analysis of how to protect a household from unforeseen risks. These risks can be divided into liability, property, death, disability, health and long-term care. Some of these risks may be self-insurable while most will require the purchase of an insurance contract. Determining how much insurance to get, at the most cost effective terms requires knowledge of the market for personal insurance. Business owners, professionals, athletes and entertainers require specialized insurance professionals to adequately protect themselves. Since insurance also enjoys some tax benefits, utilizing insurance investment products may be a critical piece of the overall investment planning.
3. Tax planning: typically, the income tax is the single largest expense in a household. Managing taxes is not a question whether or not taxes will be paid, but when and how much. The government gives many incentives in the form of tax deductions and credits, which can be used to reduce the lifetime tax burden. Most modern governments use a progressive tax. Typically, as one's income grows, a higher marginal rate of tax must be paid. Understanding how to take advantage of the myriad tax breaks when planning one's personal finances can make a significant impact.
4. Investment and accumulation goals: planning how to accumulate enough money for large purchases and life events is what most people consider to be financial planning. Major reasons to accumulate assets include, purchasing a house or car, starting a business, paying for education expenses, and saving for retirement.
Achieving these goals requires projecting what they will cost, and when one needs to withdraw funds. A major risk to the household in achieving their accumulation goal is the rate of price increases over time, or inflation. Using net present value calculators, the financial planner will suggest a combination of asset earmarking and regular savings to be invested in a variety of investments. In order to overcome the rate of inflation, the investment portfolio has to get a higher rate of return, which typically will subject the portfolio to a number of risks. Managing these portfolio risks is most often accomplished using asset allocation, which seeks to diversify investment risk and opportunity. This asset allocation will prescribe a percentage allocation to be invested in stocks, bonds, cash and alternative investments. The allocation should also take into consideration the personal risk profile of every investor, since risk attitudes vary from person to person.
5. Retirement planning is the process of understanding how much it costs to live at retirement, and coming up with a plan to distribute assets to meet any income shortfall. Methods for retirement plan include taking advantage of government allowed structures to manage tax liability including: individual (IRA) structures, or employer sponsored retirement plans.
6. Estate planning involves planning for the disposition of one's assets after death. Typically, there is a tax due to the state or federal government when one dies. Avoiding these taxes means that more of one's assets will be distributed to their heirs. One can leave their assets to family, friends or charitable groups.How an agent can become a club member?
The Agent to follow a simple formula for 3 years only .
To Qualify for the Membership of:
BM Club - Just 4/5 Lives every month (1 Life/Week)
DM Club - Just 7/8 Lives every month (2 Lives/Week)
ZM Club - Just 8/9 Lives every month (1 Life/3 Days)
CM Club - Just 11/12 Lives every month (1 Life/2 Days)
MDRT - Rs.200000 FPI Every Month
LIC OF INDIA
TUMKUR-1 BRANCH
615,
GANDHI NAGAR,
RAILWAY STATION ROAD
TUMKUR-572102
Mob. 9031279343
LIC Agent As Financial Planner:
Personal finance is the financial management which an individual or a family unit performs to budget, save, and spend monetary resources over time, taking into account various financial risks and future life events.[1] When planning personal finances, the individual would consider the suitability to his or her needs of a range of banking products (checking, savings accounts, credit cards and consumer loans) or investment private equity, (stock market, bonds, mutual funds) and insurance (life insurance, health insurance, disability insurance) products or participation and monitoring of individual- or employer-sponsored retirement plans, social security benefits, and income tax management.
Personal financial planning process
The key component of personal finance is financial planning, which is a dynamic process that requires regular monitoring and reevaluation. In general, it involves five steps:[5][6]
1. Assessment: A person's financial situation is assessed by compiling simplified versions of financial statements including balance sheets and income statements. A personal balance sheet lists the values of personal assets (e.g., car, house, clothes, stocks, bank account), along with personal liabilities (e.g., credit card debt, bank loan, mortgage). A personal income statement lists personal income and expenses.
2. Goal setting: Having multiple goals is common, including a mix of short- and long-term goals. For example, a long-term goal would be to "retire at age 65 with a personal net worth of $1,000,000," while a short-term goal would be to "save up for a new computer in the next month." Setting financial goals helps to direct financial planning. Goal setting is done with an objective to meet specific financial requirements.
3. Plan creation: The financial plan details how to accomplish the goals. It could include, for example, reducing unnecessary expenses, increasing the employment income, or investing in the stock market.
4. Execution: Execution of a financial plan often requires discipline and perseverance. Many people obtain assistance from professionals such as accountants, financial planners, investment advisers, and lawyers.
5. Monitoring and reassessment: As time passes, the financial plan is monitored for possible adjustments or reassessments.
Typical goals that most adults and young adults have are paying off credit card/student loan/housing/car loan debt, investing for retirement, investing for college costs for children, paying medical expenses.[7][8]
Areas of focus
The six key areas of personal financial planning, as suggested by the Financial Planning Standards Board, are:[9]
1. Financial position: is concerned with understanding the personal resources available by examining net worth and household cash flow. Net worth is a person's balance sheet, calculated by adding up all assets under that person's control, minus all liabilities of the household, at one point in time. Household cash flow totals up all the expected sources of income within a year, minus all expected expenses within the same year. From this analysis, the financial planner can determine to what degree and in what time the personal goals can be accomplished.
2. Adequate protection: or Insurance, the analysis of how to protect a household from unforeseen risks. These risks can be divided into liability, property, death, disability, health and long-term care. Some of these risks may be self-insurable while most will require the purchase of an insurance contract. Determining how much insurance to get, at the most cost effective terms requires knowledge of the market for personal insurance. Business owners, professionals, athletes and entertainers require specialized insurance professionals to adequately protect themselves. Since insurance also enjoys some tax benefits, utilizing insurance investment products may be a critical piece of the overall investment planning.
3. Tax planning: typically, the income tax is the single largest expense in a household. Managing taxes is not a question whether or not taxes will be paid, but when and how much. The government gives many incentives in the form of tax deductions and credits, which can be used to reduce the lifetime tax burden. Most modern governments use a progressive tax. Typically, as one's income grows, a higher marginal rate of tax must be paid. Understanding how to take advantage of the myriad tax breaks when planning one's personal finances can make a significant impact.
4. Investment and accumulation goals: planning how to accumulate enough money for large purchases and life events is what most people consider to be financial planning. Major reasons to accumulate assets include, purchasing a house or car, starting a business, paying for education expenses, and saving for retirement.
Achieving these goals requires projecting what they will cost, and when one needs to withdraw funds. A major risk to the household in achieving their accumulation goal is the rate of price increases over time, or inflation. Using net present value calculators, the financial planner will suggest a combination of asset earmarking and regular savings to be invested in a variety of investments. In order to overcome the rate of inflation, the investment portfolio has to get a higher rate of return, which typically will subject the portfolio to a number of risks. Managing these portfolio risks is most often accomplished using asset allocation, which seeks to diversify investment risk and opportunity. This asset allocation will prescribe a percentage allocation to be invested in stocks, bonds, cash and alternative investments. The allocation should also take into consideration the personal risk profile of every investor, since risk attitudes vary from person to person.
5. Retirement planning is the process of understanding how much it costs to live at retirement, and coming up with a plan to distribute assets to meet any income shortfall. Methods for retirement plan include taking advantage of government allowed structures to manage tax liability including: individual (IRA) structures, or employer sponsored retirement plans.
6. Estate planning involves planning for the disposition of one's assets after death. Typically, there is a tax due to the state or federal government when one dies. Avoiding these taxes means that more of one's assets will be distributed to their heirs. One can leave their assets to family, friends or charitable groups.How an agent can become a club member?
The Agent to follow a simple formula for 3 years only .
To Qualify for the Membership of:
BM Club - Just 4/5 Lives every month (1 Life/Week)
DM Club - Just 7/8 Lives every month (2 Lives/Week)
ZM Club - Just 8/9 Lives every month (1 Life/3 Days)
CM Club - Just 11/12 Lives every month (1 Life/2 Days)
MDRT - Rs.200000 FPI Every Month
About MDRT
Founded in 1927, the Million Dollar Round Table (MDRT), The Premier Association of Financial Professionals®, is a global, independent association of more than 49,500 of the world's leading life insurance and financial services professionals from more than 500 companies in 70 countries. MDRT members demonstrate exceptional professional knowledge, strict ethical conduct and outstanding client service. MDRT membership is recognized internationally as the standard of excellence in the life insurance and financial services business.
Founded in 1927, the Million Dollar Round Table (MDRT), The Premier Association of Financial Professionals®, is a global, independent association of more than 49,500 of the world's leading life insurance and financial services professionals from more than 500 companies in 70 countries. MDRT members demonstrate exceptional professional knowledge, strict ethical conduct and outstanding client service. MDRT membership is recognized internationally as the standard of excellence in the life insurance and financial services business.
BM Club :
1.Minimum number Of lives: 15
2.Net number Of lives :50
or net number of lives inforce:150
3.renewal commission Paid: 50,000
4.First year commission: 35000
Benefits:
1. Stationery and Office allowance: Rs 1000
2.Sales promotion and gift items: Rs 500
3.Festival Advance: 15000
4.Letter heads with envelopes: 300 per year
5.Visiting Cards: 100 per year
6.Attestation of Age Proof: NA
7.MHR limit:10 lac
8.LIC Guest house: yes
9.Interest free Vehicle advance: two whealer only
10.Housing Loan: NIL
11.Telephone Facility: Rs 1800 per year
12.Group mediclaim: Rs.100,000
13.Group term insurance: 55000
14. Conventions: 2nd Ac Train Fare + Rs.200 per day
DM Club
2.Net number Of lives :50
or net number of lives inforce:150
3.renewal commission Paid: 50,000
4.First year commission: 35000
Benefits:
1. Stationery and Office allowance: Rs 1000
2.Sales promotion and gift items: Rs 500
3.Festival Advance: 15000
4.Letter heads with envelopes: 300 per year
5.Visiting Cards: 100 per year
6.Attestation of Age Proof: NA
7.MHR limit:10 lac
8.LIC Guest house: yes
9.Interest free Vehicle advance: two whealer only
10.Housing Loan: NIL
11.Telephone Facility: Rs 1800 per year
12.Group mediclaim: Rs.100,000
13.Group term insurance: 55000
14. Conventions: 2nd Ac Train Fare + Rs.200 per day
DM Club
1.Minimum number Of lives: 20
2.Net number Of lives :80
or net number of lives inforce:250
3.renewal commission Paid: 95000
4.First year commission: 63000
Benefits:
1. Stationery and Office allowance: Rs 12000
2.Sales promotion and gift items: Rs 1000
3.Festival Advance: 20000
4.Letter heads with envelopes: 500 per year
5.Visiting Cards: 150 per year
6.Attestation of Age Proof: yes
7.MHR limit:20 lac
8.LIC Guest house: yes
9.Interest free Vehicle advance: two whealer only
10.Housing Loan: 9 LAKHS Cadre Loan @5% + 11 lakhs Extended @9.5%)
11.Telephone Facility: Rs 2400 per year
12.Group mediclaim: Rs.150,000
13.Group term insurance: 110000
14. Conventions: 2nd Ac Train Fare + Rs.400 per day
15.furniture Advance:35000
ZM Club
2.Net number Of lives :80
or net number of lives inforce:250
3.renewal commission Paid: 95000
4.First year commission: 63000
Benefits:
1. Stationery and Office allowance: Rs 12000
2.Sales promotion and gift items: Rs 1000
3.Festival Advance: 20000
4.Letter heads with envelopes: 500 per year
5.Visiting Cards: 150 per year
6.Attestation of Age Proof: yes
7.MHR limit:20 lac
8.LIC Guest house: yes
9.Interest free Vehicle advance: two whealer only
10.Housing Loan: 9 LAKHS Cadre Loan @5% + 11 lakhs Extended @9.5%)
11.Telephone Facility: Rs 2400 per year
12.Group mediclaim: Rs.150,000
13.Group term insurance: 110000
14. Conventions: 2nd Ac Train Fare + Rs.400 per day
15.furniture Advance:35000
ZM Club
1.Minimum number Of lives: 30
2.Net number Of lives :100
or net number of lives inforce:400
3.renewal commission Paid: 147000
4.First year commission: 147000
Benefits:
1. Stationery and Office allowance: Rs 22000
2.Sales promotion and gift items: Rs 2000
3.Festival Advance: 20000
4.Letter heads with envelopes: 750 per year
5.Visiting Cards: 200 per year
6.Attestation of Age Proof: yes
7.MHR limit:30 lac
8.LIC Guest house: yes
9.Interest free Vehicle advance: up to 500,000/-
10.Housing Loan: 25LAKHS, { 11,25000/@5%, + 13.75000/-@ 9.5%}
11.Telephone Facility: Rs 4000 per year
12.Group mediclaim: Rs.200,000
13.Group term insurance: 200000
14. ZM Club Member - Rail Fare I class/II tier AC/III Tier AC sleeper Fare and out of pocket expenses
Rs. 1800
CM Club:
2.Net number Of lives :100
or net number of lives inforce:400
3.renewal commission Paid: 147000
4.First year commission: 147000
Benefits:
1. Stationery and Office allowance: Rs 22000
2.Sales promotion and gift items: Rs 2000
3.Festival Advance: 20000
4.Letter heads with envelopes: 750 per year
5.Visiting Cards: 200 per year
6.Attestation of Age Proof: yes
7.MHR limit:30 lac
8.LIC Guest house: yes
9.Interest free Vehicle advance: up to 500,000/-
10.Housing Loan: 25LAKHS, { 11,25000/@5%, + 13.75000/-@ 9.5%}
11.Telephone Facility: Rs 4000 per year
12.Group mediclaim: Rs.200,000
13.Group term insurance: 200000
14. ZM Club Member - Rail Fare I class/II tier AC/III Tier AC sleeper Fare and out of pocket expenses
Rs. 1800
CM Club:
1.Minimum number Of lives: 40
2.Net number Of lives :130
or net number of lives inforce:600
3.renewal commission Paid: 210000
4.First year commission: 210000
Benefits:
1. Stationery and Office allowance: Rs 35000
2.Sales promotion and gift items: Rs 3000
3.Festival Advance: 20000
4.Letter heads with envelopes: 1000 per year
5.Visiting Cards: 250 per year
6.Attestation of Age Proof: yes
7.MHR limit:50 lac
8.LIC Guest house: yes
9.Interest free Vehicle advance: CM Club Max of 6 Lakhs (or) last 2 years Renewal commission
10.Housing Loan: 40LAKHS, { 18.50 LAKHS@ 5%, + 21.50LAKHS@ 9.5%}
11.Telephone Facility: Rs 6000 per year
12.Group mediclaim: Rs.300,000
13.Group term insurance: 400000
14. CM Club Member - Economy class Air Fare/II tier Ac/III tier AC sleeper Fare & out of Pocket expenses
Rs. 3000/-
2.Net number Of lives :130
or net number of lives inforce:600
3.renewal commission Paid: 210000
4.First year commission: 210000
Benefits:
1. Stationery and Office allowance: Rs 35000
2.Sales promotion and gift items: Rs 3000
3.Festival Advance: 20000
4.Letter heads with envelopes: 1000 per year
5.Visiting Cards: 250 per year
6.Attestation of Age Proof: yes
7.MHR limit:50 lac
8.LIC Guest house: yes
9.Interest free Vehicle advance: CM Club Max of 6 Lakhs (or) last 2 years Renewal commission
10.Housing Loan: 40LAKHS, { 18.50 LAKHS@ 5%, + 21.50LAKHS@ 9.5%}
11.Telephone Facility: Rs 6000 per year
12.Group mediclaim: Rs.300,000
13.Group term insurance: 400000
14. CM Club Member - Economy class Air Fare/II tier Ac/III tier AC sleeper Fare & out of Pocket expenses
Rs. 3000/-
