All insurance agents should sell MFs because it is an integral part of financial planning and investment. An additional product in the armoury will strengthen his position as a financial intermediary and advisor and bring in additional earnings says K Nitya Kalyani.
Life insurance and General insurance are two very different businesses. Yet, the two are tied together
permanently in the minds of the customer! For this very reason insurance agents should sell both Life
and General insurance, says K Nitya Kalyani. Even for sound business reasons, they should pay equal
attention to both as a matter of Business Strategy, in order to grow their agency practice, in order to
widen their client base and retain their clients and in order to serve the clients needs better.
A housewife turns insurance agent in her 50s and makes it to MDRT through sheer persistence. Read Mrs G Kanakaratnam’s story in this month’s Role Model section by K Nitya Kalyani.
The last ten years have thrown a series of challenges at the Indian insurance agent who feared that competition would kill his livelihood. Nothing like that happened. Yet, change is very fast paced even today, and K Nitya Kalyani brings you the first part of a new series on Business Strategy to thrive in a new era of competition and challenges.
A delayed train changed the course of Mr P M Padmanabhan’s career. This 72 year old Life Insurance Corporation of India Agent at Vellore, Tamil Nadu gave up thoughts of giving up his agency and went on to become a long standing member of the Chairman’s Club.
Life Insurance Corporation of India (LIC) has introduced a contributory pension scheme for its agents who are eligible for renewal commission and are earning less than Rs one lakh as commission per year.
Life Underwriters Guild of India (LUGI), the self-development association of insurance agents, held its 8th Annual Convention, Hotel Leela , Tiruvananthapuram, Inspire – Take the Lead,
Attended by over 460 top agents of India, the convention had sessions on a range of topics including the future of the profession, the importance of professional education and motivational and inspirational topics.
We present highlights from the convention.
“Success is what keeps me going”, says Mr M Rajavardhan Reddy who has been attending the Million Dollar Round Table (MDRT) annual meet for the past 12 years continuously as an agent of Life Insurance Corporation of India (LIC) at Hyderabad. Apart from his insurance selling business, Mr Reddy is also active in the MDRT organisation in India and has been recently reappointed to the post of Area Chair, Andhra Pradesh.
Happy Birthday!
Union Minister for Finance, Mr Pranab Mukherjee, cuts a cake on the occasion of the 54th Anniversary of Life Insurance Corporation of India (LIC) on September 1 at Mumbai.
We are familiar with the saying, ‘if there is a will, there is a way’.
Look at Mr Koutike Vittal’s life and we know that it is pretty true. With his consistent performance as an Agent of Life Insurance Corporation of India (LIC) based at Hyderabad, he has been able to create a name for himself in the industry. Belonging to the Nizamabad Branch of LIC located in northern Telengana that borders Karnataka, Mr Vittal is a prominent figure in the LIC circles both in Andhra Pradesh and in Karnataka states.
