New Year Wishes!

Wish you all a most successful new year 2010!

May it bring continuous & meaningful growth to all of us!! 

Business Figures of Life Insurance Companies upto 11/2009

The latest figures released yesterday by IRDA.

CPI(M) to protest against Swarup Committee report

LIC agents to oppose move to hike FDI in insurance sector
‘Policies of Union Government pose a threat to LIC’
Proposal to scrap promotional activities termed ‘ridiculous’

MANGALORE: The Life Insurance Corporation Agents Organisation of India (LICOA) resolved to oppose the proposed legislations of the United Progressive Alliance government during its two-day State conference that began here on Sunday.
The LICOA, which is affiliated to the Centre for Indian Trade Unions (CITU) and is backed by the Communist Party of India (Marxist), has concluded that the policies of the Union Government posed a grave threat to the LIC.
Speaking to presspersons on the sidelines of the conference, Basudev Acharia, CPI (M) MP from Bankura, West Bengal, said that his party and the unions aligned with it would launch a nation-wide agitation against the D. Swarup Committee report.
The report, which was submitted to the Union Government on December 3, recommends scrapping of the commission being paid to LIC from 2011. It favours complete stoppage of LIC promotional activities such as advertisements as the committee felt that those interested in securing an insurance policy would approach the corporation, if need be. Arguing that the recommendations of the committee were aimed at finishing off this 53-year-old Rs. 9-lakh-crore public sector behemoth, Mr. Acharia said that nearly 10 lakh LIC agents would be rendered jobless if the recommendations were to be adopted. He termed “ridiculous” the suggestion to scrap promotional activities.
Raising concerns over the alleged “capitulation” of the Union Government to multi-national insurance lobbies, he said there was a “conspiracy to destroy LIC” so as to prepare a ground for the entire of foreign players in the insurance sector.
Mr. Acharia said that he had introduced a private member’s Bill in Parliament demanding job security, pension and welfare fund for LIC agents.
Courtesy: The Hindu
(I try to publish here the details of the above said Bill as early as possible.)

Withdrawal of LIC’s Health Plus (Table No. 901)

It has been decided to withdraw LIC’s Health Plus (Table No. 901) with
effect from 1st January, 2010.
The premium under the plan may be deposited till 31st December, 2009.
Completion under the plan will be allowed upto 31st January, 2010 only.

Changes in Market Plus I

According to IRDA Circular No: 20/IRDA/Actl/ULIP/09-10 dt.22.7.2009 all existing ULIPs should be modified to adhere the Cap on charges or withdrawn.

We have been informed by the Actuarial Department that the name and the plan number of Market Plus-I will continue to be the same even after 31st December, 2009. The Actuarial Department will be issuing the detailed circular regarding modifications. However, some salient features of this plan are being modified as given below:-

1.Maximum entry age for without life cover plans is being reduced from 80 yrs to 75 yrs.
2.The minimum deferment period is being increased from 5 yrs to 10 yrs for both life and without life cover plans.
3.The minimum regular premium, both for with and without life cover plans, is being increased from 5000/-p.a to 10,000/- for policy term of 15 to 19 years and from 5000/- to 15000/- for policy term of 10 to 14 years.
4.For Monthly ECS too the minimum premium under regular premium policies is being increased from 1000/- to 1500/- for policy term 10 to 14 years.
5.The minimum premium under single premium policy is also being increased from 10,000/- to 30,000/- for without life cover policies and from 25000/- to 30,000/- for with life cover policies.
6.For DAB the maximum entry age is being reduced from 65 years to 60 years.
(Note: No change in other conditions)

Trust thy name is LIC

Background

The year 1956 witnessed a defining moment in the history of India's Social Engineering landscape. It marked the beginning of a new phase in the life insurance industry in India, which was, then, a heterogeneous group consisting of companies at varying stages of development, big and small, solvent and insolvent, efficient and inefficient.

Binding these groups into one was a challenging task, and perhaps, the biggest ever attempted in the history of global capitalist era. The merged entity was called 'Life Insurance Corporation of India', with two tiny hands protecting a lamp as its logo.

Who could have imagined that a tiny flame kindled on the September 1,1956 would stand for warmth of security and care for millions of Indians in course of time? The flame has really stood the test of time for over 53 years and is today an icon of trust and stability for over 25 Crores policyholders.

The year 1999 saw the opening up of the insurance sector. Today, there are 21 other players in the market. Still, LIC continues to be the front runner in the race, holding a dominant share in the Indian Life Insurance Industry.

Started with a Life Fund of Rs 380.61 cr, its corpus has grown to Rs 8,07,317 cr as on March 31st, 2009. At the end of December of 1957, the total new business underwritten by LIC was 7,94,585 policies and sum assured was Rs 281.90 cr. This has grown to 3.58 Crore Policies and sum assured of Rs 3,90,053 cr during the fiscal year of 2008-09. When the Corporation took over on the appointed day (September 1st 1956), it had assets under management amounting to Rs 348.68 cr, which have now risen to a stupendous figure of Rs 8,73,551.35 cr (figures as at 31/03/2009).

Network

As on Oct 2009, LIC had 2,048 fully computerized Branch offices, 109 Divisional offices and 8 Zonal offices and 915 Satellite offices apart from its Corporate office in Mumbai. All the offices of the Corporation are fully computerized and networked. Further, to enhance customer convenience, there is a facility to pay premiums On-Line.

Business Profile

LIC is a key player in the life insurance segment providing its clients with a wide range of insurance products. It is one of the largest life insurers in the world in terms of the number of policies issued every year. Its claim settlement operations are among the best internationally. The Corporation has tie-ups with various banks and service providers to offer on-line premium collection facility in select cities. The Corporation has also set-up various NRI centres in order to cater to various needs and requirements of NRIs and people of Indian origin having foreign nationality and residing in foreign countries.

LIC has also launched satellite offices in order to provide easy access to its Policy holders. LIC also operates three international branch offices, one each in Mauritius, Fiji and the UK. The Corporation has extended its operations to the international arena through various JVs, subsidiaries, brokers, etc spread across as many as 14 countries. As on Mar 2009, the Corporation has issued over 25 crore policies and has a total life fund of Rs 8,07,317 crores.

Product offerings

LIC has in its basket more than 50 different plans catering to the differing needs of different segments of the society. LIC has a good mix of the conventional life insurance business and the unit linked insurance business. It has Unit-Linked Plans to serve the needs of those who would like to link their returns to the capital market. It also has various pension plans in its basket. Most of these plans come with options called term riders and critical illness riders to offer greater flexibility to the customers.

The double accident benefit, the disability benefit and the term rider are some of them. All life insurance plans come with substantial tax benefits, too. LIC offers a wide range of children plans which are specifically designed to take care of the future needs of children. The Corporation also offers special plans for handicapped dependants. It also offers group insurance, group pension, group gratuity and social

security schemes, which provide life insurance and other benefits at a much lower cost than traditional life

insurance schemes.

LIC also plays an important role in financial inclusion of the economically weaker sections of society by providing insurance to the poor at cheap and affordable premiums. Some of the plans are the micro insurance plans viz., Jeevan Madhur & Jeevan Mangal and social security schemes like Aam Admi Bima Yojana and Janashree Bima Yojana.

Accolades

LIC has been the most trusted choice of the consumers. No wonder it has won a plethora of prestigious Awards such as CNBC Awaaz Consumer Award, 2009, Readers' Digest Trusted Brand Award, 2009 - in Platinum Category, Customer & Brand Loyalty Award, 2009, Business Superbrand India, 2009, Asia Brand Congress-Brand Leadership Award, 2008, NDTV Profit Business Leadership Award, 2009, Outlook Money NDTV Profit Business Leadership Award for the Best Life Insurer, 2009.

Brand Equity rated LIC was as the Most Trusted Service Brand for 5 years in a row. In 2009, LIC emerged as the Top Brand in the Insurance Category in the survey conducted by Brand Equity with AC Nielsen. Even in the field of technology, our innovations and practices have won us the most coveted award viz., NASSCOM Award - Best IT User, 2008.

'Jeevan Saral' and 'Health Plus' have won the Golden Peacock Award in the innovative product category. It has also won the World Brand Congress- Global Brand Leadership Award in the Banking and Financial Category as well as in the Over all Brand Leadership Category. LIC has won the Asia Pacific HRM Congress-Innovative HR practices Award 2009.

Courtesy : The Economic Times, 24 Dec 2009, 1532 hrs IST,

Claim of Same Life- We paid, Private repudiated

Death Claims amounting Rs.7,73,744 paid by LIC of India to Ms.Ragini Dhruve wife of deceased Mr.Kalpesh Dhruve.

Mr.Kalpesh Dhruve also had a policy with Max New York Life Insurance Co.

Max New York repudiated the (same) claim stating that Mr.Kalpesh Dhruve suppressed the fact that he had high BP.

Even though the death occurred after 3 years from the commencement of Risk of his policy with Max New York!

The details, i.e. copy of LIC's Cheques, repudiation letter of Max New York are given here in the pdf file.

Download details here!

This is a good example for the service offered by private insurance companies!

Spread this to all!

Normally, we get irritated whenever NB Dept. asks for additional requirements. But, only because we insist and get all necessary details and requirements before completion, we are able to settle claims speedier!

Private companies accept all without insisting on requirements; But insist all the requirements at the time of claim! They even utilizing it to repudiate the claims!!

LIC always searches for reasons to settle claims in favour of policyholders!

Private Companies search for reasons to repudiate!!

Insurance Bill could leave agents poorer

Over 30 lakh insurance agents in the country may suffer a huge jolt this Parliament session, should the provisions relating to agency commission in the insurance amendment Bill get approval.
Because the Bill does away with Section 40A of the Insurance Act, 1938, which prescribes the amount of commission an insurance company can pay its agents.
The agents, currently at loggerheads over the recommendations of the D Swarup Committee, could be in for a double whammy if the panel’s recommendations on agency commission and related provisions in the Bill pass muster.
The Bill also omits Section 40, which talks about the total commission that can be paid in the first five years as well as section 44, which concerns hereditary commission payable to agents in the event of the death of the agent or on quitting the company.
Further, section 45, which talks about the right to question and punish an agent in the event of a policyholder’s death within 2 years, has been altered to read 5 years.
Going by industry sources, the Bill has omitted Section 40A with the intention of bringing it under the direct purview of the insurance regulator, which could come up with a commission formula in due course.
“To be frank, if one calculates the commission for the total sum assured, then for a conventional plan of Rs 1 lakh cover, the commission works out to 5% of the total premium paid over a period of 20 years. Agency commission ranges from 0.3% in unit linked plans to 5% in conventional plans if calculated on the sum assured,” R S Ramanujam, general secretary, Life Insurance
Agents Federation of India, south central zone said.
“We are against it (provisions in the Bill) and this is not supportive of agents. We want all the classes to remain unchanged as per the Insurance Act 1938 unless a better alternative is given. Removing these sections will definitely panic the agents,” he said.
A section of agents working for private sector insurance companies said they have come together under one platform to jointly protest the implementation of the provisions proposed in the Bill.
(Source: http://www.dnaindia.com/dnaprint.asp?newsid=1324130)

Our Business upto 15.12.2009

Upto Dec.15th	Current Year	Last Year	Growth
New Policies	2,08,23,335	1,75,74,515	18.49%
First Premium	Rs.20,334 Cr	Rs.15,659 Cr	28.98%

MPs seek fair deal to LIC agents

Congress and Trinamool Congress members in the Lok Sabha on Monday made a strong plea for a fair deal to around 50 lakh LIC agents in the country, protesting against a move by the Corporation to deregister their services.

Raising the issue during Zero Hour, Jai Prakash Agarwal (Cong) said these agents have been doing valuable work of spreading the insurance net far and wide without being provided any office accommodation and get an average meagre monthly commission of Rs.3,000.

He was supported by several party members including Datta Meghe and those from Trinamool Congress.

BJP member Bishnu Pada Ray demanded that the honorarium for angawadi workers in Andaman and Nicobar islands be raised substantially.

Life Insurance Agents sataging a demonstration at Jantar Mantar against the recommendations of Swarup Committee set up by Government, in New Delhi on Friday December 11, 2009.

LIC pays 9.8 bln rupees advance tax in Oct-Dec

Insurance Corp of India (LIC) has paid 9.81 billion rupees ($210 million) as advance tax for the October-December quarter, an income tax department source said on Monday.
(Rs.9.81 billion=Rs.981 Crore)
-Reuters-MUMBAI
Mon Dec 14, 2009 6:35pm IST

LIC hikes stake in 3i Infotech to 10.69%

Life Insurance Corporation of India has raised its stake in software firm 3i Infotech to 10.69 per cent, by purchasing shares worth Rs 28.53 crore through open market transactions.
LIC has bought 36.10 lakh shares, representing 2.14 per cent stake in the software firm, 3i Infotech said in a disclosure on the Bombay Stock Exchange.
Prior to the transactions, LIC held 8.56 per cent stake in the IT firm, which now has gone up to 10.69 per cent or 1.80 crore shares of 3i Infotech.
Shares of 3i Infotech today closed at Rs 84.55 on the BSE, down by 1.63 per cent from its previous close.
14 Dec 2009, 1846 hrs IST, PTI

NAV

12/12/09NAV
B 51.35
FU 21.68
J 20.03
MY 11.32
MK 14.20
FO 11.10
P 10.95
H 11.23
MY1 13.05
MK1 13.09
CF 14.17
HP 10.63
JS 10.93
-Arivukkadal

Private Insurance cos not in good health; see drop in biz volumes

The first half of this fiscal will be something private insurance companies want to put behind them. New business volumes have dropped 15% over the period. An edelweiss report blames this fall on shrunken risk appetite at the retail level, and a lack of demand for unit linked insurance plans.
-TV18’s Avni Raja report.
The stock markets may have traded firm in recent months and even hit 2009-highs, but private are not smiling. They say investor sentiment is still low, and premium inflows have been hit.
As per an Edelweiss report, only insurance giant LIC has managed to clock a volume growth of 16% in its new business, and that's because it banks hugely on its traditional products. The report adds that private players, who demand largely on unit-linked insurance plans (ULIPs), have not fared well.
Of the 23 private insurance players, only two have reported growth in new business. All the others have lost new business—ICICI Prudential saw a 36% drop, Bajaj Allianz saw volumes fall 38%, and Kotak's new business fell 42%.
The main reason for this, the report says, is a fall in demand for ULIPs. It says players will have to revert to traditional products to regain this lost momentum. One main reason for the better performance of traditional products is that IRDA's charge cap does not apply to them. So insurers continue to offer higher commissions on traditional policies, and these products find favour with agents and distributors.

Good Morning 14/12/2009

No matter how hard the past,
you can always begin again!
-Buddha

You still have
107 Days(29.31%)
to Succeed!

So begin
(at least)
NOW!

NAV

11/12/09NAV
B 51.35
FU 21.67
J 20.03
MY 11.32
MK 14.20
FO 11.11
PR 10.95
H 11.24
MY1 13.05
MK1 13.09
CF 14.16
HP 10.62
JS 10.93
-Arivukkadal

Stock Market

11/12/09
BSE
Sensex -70.28
Midcap -39.55
NSE
Nifty -17.35
Midcap -22.05
These are not direct indicators of NAV
-Arivukkadal

Life insurance agents protest against D. Swarup Committee's recommendations

New Delhi, Dec 11: Thousands of agents of the Life Insurance Agent's Federation of India on Friday staged a protest against the recommendations of the Pension Fund Regulatory and Development Authority (PFRDA) Chairman D. Swarup, in the national capital.

D. Swarup Committee's suggestion to the Government to make insurance a fees based profession instead of the current commission based did not go down well with the federation.

Addressing the media, Chairman of the federation, H.M. Jain, demanded that the Government should scrap the recommendation, as this will adversely affect the insurance profession in the country.

"He (D. Swarup) has suggested that commission should be deducted from premium and insurance should be made fees base. I think that insurance has not yet developed in India. Leave alone India, even in those countries where insurance is developed, this system hasn't been employed. In India we have just reached 12-15 percent of the insurable populace, from where we collect Rs. 2 lakh crore and hand it over to the Government," Jain said.

"If this is made fees base, then insurance, which has to be sold because nobody comes out to buy it, this profession will die. Together with this, those companies and all the money invested in country's development will go for a big loss," he added.

Jain also said that if benefiting the investors is what is driving the Government, then it can be achieved though cost reduction measures.

"If the Government and Swarup is serious that policy holder should be benefited then the payment should be made at the mortality. LIC (Life Insurance corporation) and private companies should reduce their expenses, increase the bonuses, include agents into servicing, so that the cost can be reduced and people will be benefited," Jain said. 

Senior Samajwadi Party (SP) leader Ramgopal Yadav also attended the protest and assured the protesting agents that his party will make sure that the report will not get the support of the parliament.

"This will decide the fate of lakhs of people and the government is moving against them with this proposal. While foreign companies flourish, Bhartiya Jeevan Beema Nigam (Life Insurance Corporation of India), which has invested crores of wealth of the country in industries, the Government is intent on destroying it," Yadav said.

"We'll raise the issue in the parliament. I'll also speak to the Finance Minister and say that this report which is coming up against lakhs of people whichever committee has recommended it, this should not come in the parliament and neither should it be passed," he added.

Bombay News.Net

Friday 11th December, 2009 (ANI)

NAV

10/12/09NAV
B 52.06
FU 21.76
J 20.12
MY 11.35
MK 14.24
FO 11.13
P 10.98
H 11.26
MY1 13.09
MK1 13.12
CF 14.20
HP 10.64
JS 10.94
-Arivukkadal

Insurance agents to stage dharna

Press Trust of India / New Delhi December 10, 2009, 18:55 IST

About 25 lakh life insurance agents would stage a dharna tomorrow at Jantar Mantar in Delhi to oppose the recommendations of a government appointed panel on elimination of upfront commission paid to advisers.
"The protest would be against Swarup Committee Report that threatens to end the very existence of insurance agents in the country," Life Insurance Agents' Federation of India President H M Jain told reporters here.
"Implementation of the recommendation will make the role of 25 lakh life insurance agents working with LIC and private insurers redundant and adversely affect crores of people who are dependent on them," he said.
The Committee on Investor Awareness and Protection, headed by interim PFRDA Chairman D Swarup, in its consultation paper had proposed elimination of upfront commission paid to insurance agents by April 2011.
"Immediately the upfront commissions embedded in the premium paid (to agents by insurance companies) be cut to not more than 15 per cent of the premium. This should fall to 7 per cent in 2010 and become nil by April 2011," a consultation paper prepared by the committee had said.
In a country like India insurance is not bought but it is sold, Jain said, adding that the elimination of commission would hurt the industry and starve the nation of long-term capital for development.
(Courtesy:Business Standard)

Good Morning 11/12/2009

Never complain
Never explain
Never defend urself
Never make excuses

These are ways to
cheat urself

Instead
Repeat efforts
110 Days(30.13%)

Stock Market

10/12/09
BSE
Sensex +64.09
Midcap +18.26
NSE
Nifty +22.65
Midcap +11.05
These are not direct indicators of NAV
-Arivukkadal

NAV

09/12/09NAV
B 52.06
FU 21.70
J 20.08
MY 11.31
MK 14.19
FO 11.10
P 10.93
H 11.25
MY1 13.05
MK1 13.08
CF 14.16
HP 10.64
JS 10.90
-Arivukkadal

Good Morning 10/12/2009

Success
doesn't depend upon
being
at the right place
at the right time;
it depends upon
being READY!

Be prepared & succeed
111Days(30.41%) more

Stock Market

09/12/09
BSE
Sensex -102.46
Midcap -38.67
NSE
Nifty -35.95
Midcap -14.15
These are not direct indicators of NAV
-Arivukkadal

NAV

08/12/09NAV
B 52.06
FU 21.76
J 20.16
MY 11.36
MK 14.25
FO 11.16
P 10.99
H 11.28
MY1 13.10
MK1 13.17
CF 14.21
HP 10.65
JS 10.95
-Arivukkadal

If these people can do...

All India Top Agents upto 30.11.2009

Policies

Rank	Agent	Policies
1	Chetankumar Nagindas Desai	22643
2	S.Brindhaa	3717
3	Varikutty Prabudas	2365
4	Madan Mohan Singh	2289
5	Shahjahan	1616
6	Ramesh Chandra Patel	1137
7	Tejas N Desai	1045
8	D.Venkatesan	1041
9	Preeti Desai	1035
10	Manojkumar Dubey	1024
11	Anuradha Kolkur	1013
12	Abhay V Phadke	1001

Total Premium

Rank	Agent	Rs.Cr.
1	Anushman Patnaik	23.99
2	Ravindar Jethani	21.95
3	Harendra D Shah	12.00
4	Ragini	7.30
5	Kiran Gupta	6.24
6	U K Mehta	5.93
7	Harshit Vimal Goenka	5.80
8	Manojkumar Jivankrishna Sinha	5.61
9	Anoop Tiwari	5.18
10	Dindayal R Singh	4.85

(Other particulars of the Agents are purposely avoided.)

Why can't you?

Good Morning

To succeed
it is not a necessity
that
U be the best;
but
the necessity is
that
U have to TRY YOUR BEST!

112 Days(30.68%) more
Good Morning

Stock Market

08/12/09
BSE
Sensex +244.54
Midcap +85.52
NSE
Nifty +81.25
Midcap +38.40
These are not direct indicators of NAV
-Arivukkadal

OUR FREE SMS SERVICE

Any LIC Agent
can join our
FULLY FREE SMS service
by SMSing
JOIN LICTRY
to 567678
Any LIC Policyholder
can join
by SMSing
JOIN LICGNAV

Both receive NAV, Stock Market Result and News about LIC!
In addtion Agents receive Daily Motivation and other items related to Agents!!

NAV

07/12/09NAV
B 51.73
FU 21.59
J 19.98
MY 11.26
MK 14.11
FO 11.06
P 10.89
H 11.23
MY1 13.03
MK1 13.04
CF 14.15
HP 10.61
JS 10.84
-Arivukkadal

Good Morning 08/12/2009

Judge each day
by the seeds U plant;
not
by the harvest U reap!

The more U seed
the more U will reap!

U have
113 days(30.95%) more to seed

Stock Market

07/12/09
BSE
Sensex -118.40
Midcap -52.04
NSE
Nifty -42.20
Midcap -21.75
These are not direct indicators of NAV
-Arivukkadal

NAV

05/12/09NAV
B 51.73
FU 21.69
J 20.06
MY 11.32
MK 14.19
FO 11.12
P 10.95
H 11.26
MY1 13.08
MK1 13.13
CF 14.20
HP 10.63
JS 10.89
-Arivukkadal

Good Morning 07/12/2009

U will never reach your destination
if
U stop & throw stones at every dog that barks
-Winston Churchill

114 Days(31.23%) more
Good Morning

Good Morning 06/12/2009

Good Morning
You have
115 days(31.50%) more
including
16 sundays!
If you plan to take rest on sundays
you have
99 days(27.12%) only!

NAV

04/12/09NAV
B 51.73
FU 21.66
J 20.06
MY 11.32
MK 14.19
FO 11.13
PR 10.95
H 11.27
MY1 13.08
MK1 13.13
CF 14.20
HP 10.64
JS 10.89
-Arivukkadal

Good Morning 05/12/2009

Dictionary
is
the only place
where
'success'
comes before
'work'!

116 days(31.78%) more!

NAV

03/12/09NAV
B 51.41
FU 21.66
J 20.11
MY 11.35
MK 14.22
FO 11.16
P 10.97
H 11.29
MY1 13.11
MK1 13.15
CF 14.22
HP 10.64
JS 10.93
-Arivukkadal

Stock Market

04/12/09
BSE
Sensex -84.14
Midcap -12.58
NSE
Nifty -22.80
Midcap +1.20
These are not direct indicators of NAV
-Arivukkadal

Insurance agents protest against insurance bill

Mumbai, Dec 4 (PTI) Protesting against the Insurance Amendment Bill and the Swarup Committee report, LIC agents today staged a 'dharna' at the Azad Maidan in the city.

"We are opposing the Insurance Amendment Bill and the Swarup Committee report," LIC Agents Organisation of India's General Secretary, PG Dileep, told PTI here.

The organisation has over two-lakh agents associated with it, he said, adding that around 10,000 agents had assembled here to take part in the protest 'dharna'.

Good Morning 04/12/2009

Majority
of
the failures are
due to
lack of persistence
to
create new plans
@
the place of failed plans.
Get it
&
Succeed
in 117 days 32.05%

LIC's market share rises 65%

27 Nov 2009, 2207 hrs IST, PTI
NEW DELHI: The country's largest insurer, Life Insurance Corporation has increased its market share by 10 per cent to 65 per cent by garnering new businesses worth Rs 30,469 crore in the first seven months of the current fiscal.The market share of LIC improved by 10 per cent from 55 per cent at the end of October last year.
Meanwhile, the overall life insurance industry registered over 17 per cent growth in the April-October period of this financial year.
The 22 insurers collected Rs 46,689 crore first year premium in the April-October period this year, against Rs 39,684 crore in the same period last year.
During April-October 2008, LIC had mopped up first year premium of Rs 21,874 crore against the industry collection of Rs 39,684 crore, according to figures released by Insurance Regulatory and Development Authority (IRDA).
However, the private life insurance industry has registered a decline of 9 per cent. The 21 private insurers have collected Rs 16,217 crore first year premium during April-October period this year as compared to Rs 17,810 crore during the same period in 2008-09.
Private insurer ICICI Prudential was the worst hit as its premium declined by 33 per cent in the first seven months of the current fiscal from the corresponding period last year. The insurer mopped up first year premium of Rs 2,587 crore during April- October period this year.

Swarup sticks on; IRDA determined to oppose

After some debate on its consultation paper, the Swarup committee submitted its final recommendations to the government on Wednesday.

Despite vehement opposition from the insurance industry, the committee has stuck to its guns and recommended the no-entry load structure for insurance products. This report will now be forwarded to the high level coordination committee of regulators (which had appointed the Swarup committee), which will decide how and if at all these recommendations are to be implemented.

The insurance regulator -IRDA-maintains that these recommendations are not in the industry’s best interest and has said it will do whatever it takes to ensure that the recommendations are not implemented.

Stock Market

03/12/09
BSE
Sensex +15.77
Midcap +25.87
NSE
Nifty +8.45
Midcap +24.50
These are not direct indicators of NAV
-Arivukkadal

Where we are...

LIC Upto 30/11/09
New Pols 1,95,63,559
(Last yr 1,65,32,697)
Growth 18.33%
New Prem Rs.18,765 Cr
(Last Yr Rs.14,856 Cr)
Growth 26.32%

NAV

02/12/09NAV
B 51.41
FU 21.57
J 20.06
MY 11.31
MK 14.18
FO 11.13
P 10.95
H 11.28
MY1 13.08
MK1 13.12
CF 14.18
HP 10.63
JS 10.90
-Arivukkadal

Interview with SDM

Interview
with
Thanjavur Dvn SDM
on
Health Policies
S TV(Trichy only)
03.12.09 Thursday 7 to 8 PM
Watch
&
Make your customers to watch

Stock Market

02/12/09
BSE
Sensex -28.36
Midcap +58.92
NSE
Nifty +1.25
Midcap +13.95
These are not direct indicators of NAV
-Arivukkadal

NAV

01/12/09NAV
B 51.41
FU 21.57
J 20.05
MY 11.30
MK 14.17
FO 11.10
P 10.94
H 11.29
MY1 13.07
MK1 13.11
CF 14.16
HP 10.64
JS 10.86
-Arivukkadal

Good Morning 02/12/2009

Count
your
blessings;

Not
your
problems!

If
you
learn
&
do so,
Nothing can
stop you
from succeeding
in the
remaining 119 days(32.60%)

Stock Market

01/12/09
BSE
Sensex +272.05
Midcap +113.29
NSE
Nifty +89.30
Midcap +44.90
These are not direct indicators of NAV
-Arivukkadal

NAV

30/11/09NAV
B 50.17
FU 21.32
J 19.84
MY 11.17
MK 14.00
FO 10.97
P 10.82
H 11.24
MY1 12.97
MK1 12.95
CF 14.07
HP 10.62
JS 10.75
-Arivukkadal

Good Morning 01/12/2009

Sun's rays
do not burn
until
brought to a focus.

Concentrate
all ur thoughts
upon
ur target.

U will definitely achieve it
in 120 ds
32.87%

Stock Market

30/11/09
BSE
Sensex +294.21
Midcap +102.71
NSE
Nifty +90.95
Midcap +48.25
These are not direct indicators of NAV
-Arivukkadal

NAV

27/11/09NAV
B 50.17
FU 21.07
J 19.63
MY 11.05
MK 13.85
FO 10.85
PR 10.70
H 11.19
MY1 12.88
MK1 12.78
CF 13.97
HP 10.59
JS 10.59
-Arivukkadal

Attractive new presentation for Jeevan Nischay

Dear friends,
It is a new, attractive, different presentation for Jeevan Nischay, created by me. (The earlier presentations were created by some marketing officials.)

I felt that,
It should not be a ppt version of our pamphlet.
I feel that the presentation should speak.
It should prepare the mindset of the customer to buy the policy.
There is no fit for all presentation.
After preparing his/her mindset, you must pose the features relevant to that customer
and finish the sale.
So,
I tried to supply you such a presentation for Jeevan Nischay!

Download it here!

I am awaiting your feedbacks, suggestions, experiences, etc.!
(Write them @ 'What's your opinion? Say here...' link below this post)

Good Morning 28/11/2009

If
U have started
u can
improve urself
on the way
to
ur target

If
u wait
to improve & start
U can never win

Start now
123 Days 33.69% more

Stock Market

27/11/09
BSE
Sensex -222.92
Midcap -86.27
NSE
Nifty -63.80
Midcap -29.05
These are not direct indicators of NAV
-Arivukkadal

NAV

26/11/09NAV
B 50.72
FU 21.20
J 19.77
MY 11.11
MK 13.95
FO 10.92
P 10.77
H 11.22
MY1 12.95
MK1 12.87
CF 14.02
HP 10.61
JS 10.66
-Arivukkadal

Good Morning 27/11/2009

No one
can
go back
&
change
a bad beginning!

But
anyone
can
start
anything
anytime
&
create
a successful ending!
For it U have
124 Days
33.97%

Stock Market

26/11/09
BSE
Sensex -344.02
Midcap -94.13
NSE
Nifty -102.60
Midcap -49.05
These are not direct indicators of NAV
-Arivukkadal

NAV

25/11/09NAV
B 50.72
FU 21.44
J 19.99
MY 11.24
MK 14.11
FO 11.04
PR 10.89
H 11.26
MY1 13.04
MK1 13.03
CF 14.13
HP 10.63
JS 10.77
-Arivukkadal

Good Morning 26/11/2009

Success
is
directly proportioanate
to
ur efforts!

To
get
maximum success
put
maximum efforts!

Maximise ur efforts
&
succeed in
124 days(34.24%)

LIC pays Agents; Pvt pay Banks!

In 2008-09, private insurers forked out Rs 205.42 crore as
commission for banassurance, while the payout by LIC for this
distribution model was only Rs 0.12 crore.
The commission payout by private insurers for business written
through bancassurance in 2007-08 was Rs 202.22 crore as against Rs
0.16 crore by LIC. The insurance sector was thrown open for private
participation in 2000.
LIC continues to heavily bet on its individual agents (not corporate
agency) for selling its products. The life insurance major’s
commission payout to individual agents during 2008-09 stood at Rs
10,029 crore, higher than the payout level of Rs 9,552.68 crore in
2007-08, the Lok Sabha was informed.
On the other hand, private insurers’ commission payout to individual
agents declined to Rs 2,649.85 crore in 2008-09 as against Rs
2,725.80 crore in the previous year. Private insurers’ commission
payout for corporate agency was Rs 1,768.64 crore in 2008-09 as
against Rs 1,536.94 crore in the previous year.
LIC’s commission payout under corporate agency stood at Rs 2.86
crore in 2008-09 as against Rs 12.22 crore in previous year.
-Businessline, 25.11.2009

Sensex & Nifty MINUS; LIC's NAVs PLUS!

Yesterday
24/11/09
Sensex -49.10
Nifty -13.00
But
NAV of
Fu+
J+
are
GROWN
MY+
FO+
H+
CF
are
STABLE
That is LIC
Convey to everyone!

Stock Market

25/11/09
BSE
Sensex +67.87
Midcap -7.48
NSE
Nifty +17.60
Midcap -9.05
These are not direct indicators of NAV
-Arivukkadal

NAV

24/11/09NAV
B 50.72
FU 21.40
J 19.94
MY 11.22
MK 14.07
FO 11.03
PR 10.86
H 11.25
MY1 13.01
MK1 13.00
CF 14.12
HP 10.61
JS 10.74
-Arivukkadal

Good Morning 25/11/2009

Defeat
is
not bad

Not to have tried
is
true failure!

Real success
is
in trying
to ur best!!

Try,try
until U succeed
126 days(34.52%)more

Govt not to discontinue insurance agents commission

24 Nov 2009, 1455 hrs IST, PTI
NEW DELHI: The government is not considering doing away with the commission
for insurance agents, the Rajya Sabha was informed on Tuesday.
Minister of State for Finance Namo Narain Meena said "No" in a written reply to the
Rajya Sabha when asked whether the government is considering any proposal to
discontinue insurance agents' commission.
A government-appointed committee headed by D Swarup had proposed phased
elimination of upfront commission paid to insurance agents by April 2011 in its
discussion paper.
However, the committee has not yet submitted its report to the government.
The country's largest insurer, Life Insurance Corporation, had paid Rs 10,029.72
crore commission to agents in the last fiscal compared to Rs 9,552.68 crore in
2007-08.
In the financial year 2006-07, the agents' commission amounted to Rs 9,153.13
crore by LIC.
On the other hand, private insurers paid Rs 2,649.85 crore commission to agents in
the last fiscal compared to Rs 2,725.80 crore in 2007-08.
In 2006-07, the commission paid to agents stood at Rs 1,848.26 crore.

LIC hikes stake in Bank of Maharashtra to 7.27 pc

LIC has purchased 89,80,398 shares of the state-owned Bank of Maharashtra, representing 2.08 per cent stake,
worth Rs 39.70 crore, Bank of Maharashtra said in a disclosure to the Bombay
Stock Exchange.
LIC held 5.19 per cent stake in the bank initially, now it holds 7.27 per cent stake or
3,13,33,967 shares of Bank of Maharashtra.

Stock Market

24/11/09
BSE
Sensex -49.10
Midcap +14.83
NSE
Nifty -13.00
Midcap +12.20
These are not direct indicators of NAV
-Arivukkadal

NAV

23/11/09NAV
B 50.29
FU 21.35
J 19.93
MY 11.22
MK 14.08
FO 11.03
PR 10.87
H 11.25
MY1 13.02
MK1 13.01
CF 14.12
HP 10.62
JS 10.75
-Arivukkadal

Good Morning 24/11/2009

All
talented people
are not
successful;

Only
who do
a lot of hard work
are
successful.

Wish your success
in rem 127 days(34.79%)
Gud Mrng.

Another presentation for Jeevan Nischay

A new, better presentation for Jeevan Nischay!
Get it here!

Dear Friends,
You can comment about every post.
Your feedback will help me to understand
the difference between
what you need and
what I post.
I will try to match your expectations!
Sincerely
Arivukkadal

Stock Market

23/11/09
BSE
Sensex +158.33
Midcap +20.20
NSE
Nifty +51.10
Midcap +6.25
These are not direct indicators of NAV
-Arivukkadal

NAV

21/11/09NAV
B 50.29
FU 21.24
J 19.84
MY 11.15
MK 14.00
FO 10.98
PR 10.81
H 11.23
MY1 12.97
MK1 12.94
CF 14.08
HP 10.60
JS 10.70
-Arivukkadal

Good Morning 23/11/2009

If
You
bridge

the gap
between

what
You do
&
what
You are capable of doing

You will definitely succeed
in remaining
128 days(35.06%)

NAV

20/11/09NAV
B 50.29
FU 21.24
J 19.82
MY 11.15
MK 13.99
FO 10.97
PR 10.81
H 11.21
MY1 12.96
MK1 12.94
CF 14.07
HP 10.57
JS 10.70
-Arivukkadal

Good Morning 21/11/2009

Success
&
Excuses
can't stay together

If U find Excuses
Forget Success
&
If U want SUCCESS
never find Excuses!
Gud Mrng
130 Days
35.61% More

Stock Market

20/11/09
BSE
Sensex +236.20
Midcap +69.02
NSE
Nifty +63.45
Midcap +30.05
These are not direct indicators of NAV
-Arivukkadal

NAV

19/11/09NAV
B 50.22
FU 21.04
J 19.64
MY 11.04
MK 13.86
FO 10.87
P 10.71
H 11.17
MY1 12.88
MK1 12.83
CF 13.99
HP 10.53
JS 10.64
-Arivukkadal

Good Mroning 20/11/2009

Efforts
may not
always
bring
success;
But
there is
no success
without
efforts!
Continue
ur efforts till
U reach success!
131days-35.89% more

Stock Market

19/11/09
BSE
Sensex -213.13
Midcap -108.44
NSE
Nifty -65.70
Midcap -52.20
These are not direct indicators of NAV
-Arivukkadal

Where are WE?

LIC Upto 15/11/09
New Pols 1,77,98,851
(Last yr 1,50,63,286)
Growth 18.16%
New Prem Rs.16,939 Cr
(Last Yr Rs.13,633 Cr)
Growth 25.25%

Sensex is minus; But LIC NAVs are PLUS!

Yesterday
18/11/09
Sensex -51.87
Nifty -7.55
But
NAV of
Fu+
J+
H+
HP+
JS+
are
GROWN
FO+
MK+
MY+
are
STABLE
That is LIC
Convey to everyone!

NAV

18/11/09NAV
B 50.22
FU 21.22
J 19.81
MY 11.14
MK 13.98
FO 10.97
P 10.80
H 11.20
MY1 12.95
MK1 12.95
CF 14.07
HP 10.48
JS 10.72
-Arivukkadal

Good Morning 19/11/2009

U can
complain
as
roses have thorns
or
U can
rejoice
as
thorns have roses
that's
ATTITUDE
Tune ur attitude &
succeed in
rem 132 Days(32.16%)

Stock Market

18/11/09
BSE
Sensex -51.87
Midcap +18.57
NSE
Nifty -7.55
Midcap +6.85
These are not direct indicators of NAV
-Arivukkadal

NAV

17/11/09NAV
B 50..22
FU 21.18
J 19.79
MY 11.14
MK 13.98
FO 10.97
P 10.82
H 11.19
MY1 12.97
MK1 12.96
CF 14.08
HP 10.46
JS 10.70
-Arivukkadal

Good Morning 18/11/2009

Difference between
Ordinary & Extraordinary
is
that little "Extra"
Take some EXTRA efforts
than others &
Be a WINNER
in rem 133 days(36.43%)

NAV

16/11/09NAV
B 49.60
FU 21.19
J 19.78
MY 11.15
MK 13.99
FO 10.98
PR 10.82
H 11.19
MY1 12.97
MK1 12.96
CF 14.09
HP 10.46
JS 10.69
-Arivukkadal

Stock Market

17/11/09
BSE
Sensex +18.14
Midcap -5.34
NSE
Nifty +4.20
Midcap -0.35
These are not direct indicators of NAV
-Arivukkadal

Good Morning 17/11/2009

Good Morning
134 days(36.71%)more
Real failure
is
when
you don't realise
how close
you were
to success
when
you
gave up!
NEVER
EVER
GIVE UP!

Stock Market

16/11/09
BSE
Sensex +183.68
Midcap +73.15
NSE
Nifty +59.10
Midcap +25.50
These are not direct indicators of NAV
-Arivukkadal

NAV

14/11/09NAV
B 49.60
FU 21.06
J 19.64
MY 11.06
MK 13.88
FO 10.89
PR 10.73
H 11.15
MY1 12.90
MK1 12.85
CF 14.02
HP 10.43
JS 10.58
-Arivukkadal

Good Morning 16/11/2009

If
we try,
we may not
always win;
But
if
we don't try,
we will
surely lose!
So
try
again & again
in these
135 days(36.98%)
Surely U will win!

NAV

13/11/09NAV
B 49.60
FU 21.05
J 19.63
MY 11.06
MK 13.88
FO 10.89
P 10.73
H 11.14
MY1 12.90
MK1 12.85
CF 14.02
HP 10.43
JS 10.58
-Arivukkadal

Good Morning 14/11/2009

Only those
who
dare
to fail greatly
can
ever
achieve greatly!

137 Days(37.53%) more!
Good Morning!

Stock Market

13/11/09
BSE
Sensex +152.80
Midcap +1.52
NSE
Nifty +46.30
Midcap +9.90
These are not direct indicators of NAV
-Arivukkadal

Toppers @ 31/10/2009

31/10Top
Ag
Chetankumar,M3-17623 Pols
Anshuman,Smblpr-23.99Cr
BO
Hajipur,Muzaffarpur 34810 Pols
Janpat,Delhi1-41.07Cr
Y cant
U?
V?
us?

NAV

12/11/09NAV
B 49.04
FU 20.94
J 19.54
MY 11.01
MK 13.82
FO 10.85
P 10.68
H 11.12
MY1 12.86
MK1 12.80
CF 13.98
HP 10.42
JS 10.54
-Arivukkadal

Good Morning 13/11/2009

U
can't change
the direction
of the wind!
But
U
can adjust
ur sails
to reach
ur destination!

Change & succeed
in remaining
138 Days(37.80%)

Stock Market

12/11/09
BSE
Sensex -153.57
Midcap -60.48
NSE
Nifty -51.30
Midcap -36.40
These are not direct indicators of NAV
-Arivukkadal

NAV

11/11/09NAV
B 49.04
FU 21.05
J 19.65
MY 11.09
MK 13.90
FO 10.93
P 10.76
H 11.15
MY1 12.93
MK1 12.91
CF 14.06
HP 10.43
JS 10.61
-Arivukkadal

LIC picks 0.67% stake in Ruchi Soya

Shares of Ruchi Soya Industries gained on Wednesday(11.11.2009)
after Life Insurance Corporation acquired 0.67% stake
in the company on Tuesday for Rs.112.16 million.
It bought 1.46 million shares of the company
at Rs 77 a share at the National Stock
Exchange (NSE).

Good Morning 12/11/2009

So many
of our dreams
at first
seem impossible
then
they seem improbable
& then
when
we summon
the will
they soon become inevitable!

Summon your WILL
make your target
which seemed
impossible & then
improbable
into
inevitable
in the remaining
139 Days(38.08%)
Good Morning!

NAV of LIC is Growing even when stock market is not!

The Stock Market is very volatile and people are often asking us about the growth of the money in LIC policies. We should remember that whenever a crash of stock market occurs, it is LIC that supports. Hence LIC buys shares mostly for throwaway price and LIC never sell shares in urgency!
So, obviously, our NAVs must be stronger than others! See the table:



We must always feel happy whenever stock market goes down as it brings opportunity for LIC to get more for lowest prices and ultimately our NAVs grow faster when market recovers!

So have it in mind
Remit all your ULIP premiums - New or Old - during stock market falls!
Submit all your withdrawals (surrenders) during stock market rises!!
Even though you couldn't explain it to your customer, practice it without telling him,
it will give more returns!

In the table, of the three plans compared, Bond, Secured and Balanced Funds of Profit Plus Grown more than others!!!

Now,
Why shouldn't we try to qualify in the Profit Plus policies competition?
(40 policies during 1/4/09 to 30/11/09 of which 15 during 1/10/09 to 30/11/09 Rs.2000 Cash Award
Rs.450 for every additional 3 policies above the said level, during 1/10/09 to 30/10/09, Max-15)

Stock Market

11/11/09
BSE
Sensex +409.04
Midcap +127.67
NSE
Nifty +122.25
Midcap +69.70
These are not direct indicators of NAV
-Arivukkadal

NAV

10/11/09NAV
B 49.04
FU 20.74
J 19.39
MY 10.93
MK 13.69
FO 10.78
P 10.61
H 11.08
MY1 12.81
MK1 12.72
CF 13.94
HP 10.39
JS 10.44
-Arivukkadal

Good Morning 11/11/2009

The
only
honest
measure
of your success
is
what
you are doing
compared
to
your
true potential!
Verify
Rectify &
succeed
in
140 days(38.35%)!

Stock Markets

10/11/09
BSE
Sensex -58.16
Midcap -27.42
NSE
Nifty -16.705
Midcap -12.00
These are not direct indicators of NAV
-Arivukkadal

LIC ULIPs Growth Fund

09/11/09NAV
B 48.28
FU 20.76
J 19.43
MY 10.95
MK 13.72
FO 10.79
P 10.63
H 11.09
MY1 12.83
MK1 12.72
CF 13.95
HP 10.39
JS 10.48
-Arivukkadal

Good Morning 10/11/2009

Good Morning

141 Days(38.63%) more

Always try to be a first place Winner
Because the second place winner
is the FIRST LOSER!

Aim, & work!

Stock Markets

09/11/09
BSE
Sensex +340.44
Midcap +123.00
NSE
Nifty +102.25
Midcap +58.70
These are not direct indicators of NAV
-Arivukkadal

LIC ULIPs Growth Fund

07/11/09NAV
B 48.28
FU 20.54
J 19.19
MY 10.79
MK 13.53
FO 10.63
P 10.48
H 11.02
MY1 12.70
MK1 12.53
CF 14.09
HP 10.36
JS 10.36
-Arivukkadal

LIC ULIPs Growth Fund

06/11/09NAV
B 48.28
FU 20.53
J 19.18
MY 10.81
MK 13.54
FO 10.63
P 10.50
H 11.02
MY1 12.69
MK1 12.55
CF 14.09
HP 10.35
JS 10.36
-Arivukkadal

Good Morning 07/11/2009

Good Morning
144 days(39.45%)more
What U are &
Where U are
because of ur
efforts!
Not because of
what U are having!
U only can change it!

Stock Market

06/11/09
BSE
Sensex +94.38
Midcap +138.92
NSE
Nifty +30.60
Midcap +42.20
These are not direct indicators of NAV
-Arivukkadal

LIC ULIPs Growth Fund

05/11/09NAV
B 46.23
FU 20.44
J 19.08
MY 10.72
MK 13.46
FO 10.54
P 10.40
H 10.96
MY1 12.65
MK1 12.42
CF 13.75
HP 10.33
JS 10.27
-Arivukkadal

Good Morning 06/11/2009

Good Morning
145 Days(39.72%)more
Winners are not
those
who never had failures
But
Those
who had failures
again and again
but
never give up

Stock Market

05/11/09
BSE
Sensex +151.77
Midcap +121.04
NSE
Nifty +54.75
Midcap +50.10
These are not direct indicators of NAV
-Arivukkadal

LIC ULIPs Growth Fund

04/11/09NAV
B 46.23
FU 20.30
J 18.93
MY 10.62
MK 13.33
FO 10.45
P 10.30
H 10.90
MY1 12.55
MK1 12.30
CF 13.66
HP 10.31
JS 10.15
-Arivukkadal

Good Morning 05/11/2009

Good Morning
Replace
can't with can
won't with will
and
if with when
You can do wonders in the
remaining 146days(40.00%)
My best wishes!

Stock Market

04/11/09
BSE
Sensex +507.19
Midcap +204.91
NSE
Nifty +146.90
Midcap +79.15
These are not direct indicators of NAV
-Arivukkadal

DINNER WITH CHARIMAN

Chairman Shri T.S. Vijayan
will be addressing
the High Performing CLIAs
over dinner
at Mumbai
in December, 2009.

CLIAs who have a minimum of
5 Supervised Agents
as on 30.11.2009
and
who bring in an FPI of atleast
Rs.30 lakhs or 250 policies during November, 2009
will qualify for the said meeting.
The CLIAs who cross
One crore FPI or 1000 Policies by 30.11.2009
will be specially honoured.

LIC till 31/10/2009

Number of Ploicies
Current Year 1,67,93,672
Last Year 1,40,70,092
Growth 19.36%

First Premium Income
Current Year Rs. 15,809 Crores
Last Year Rs.12,764 Crores
Growth 23.86%

Business During October 2009
Number of Policies 27,28,994
First Premium Income Rs.3,070 Crores

By 30.11.2009 we can easily cross
2 Crore Policies
and
Rs.20,000 Crore FPI
provided
we do our share!
It is in our hands!
Can’t we do it?

LIC ULIPs Growth Fund

03/11/09NAV
B 46.23
FU 19.92
J 18.61
MY 10.44
MK 13.09
FO 10.27
P 10.14
H 10.83
MY1 12.41
MK1 12.08
CF 13.52
HP 10.05
JS 09.99
-Arivukkadal

Stock Market

03/11/09
BSE
Sensex -491.34
Midcap -224.81
NSE
Nifty -147.80
Midcap -79.90
These are not direct indicators of NAV
-Arivukkadal

Normally people get frightened to ULIPs
whenever stock market slides
Utilise it!
Concentrate on Nischay!
Find an opportunity in every hurdle!

iPhone or 16 Gm Gold

South Zone again offers iPhone
or 16 gm GOLD

Already iPhone was offered to Agents completing a portion of Chalo Jaipur qualifying condition, i.e. Rs.10 Lacs qualifying FPI before 31.10.2009. (Qualifying FPI : Single Premiun 10%, Non-Single 100%)

Now another offer is given!
Period : 1/11/2009 to 15/11/2009

Offer I : Late Bloomers
For Agents missed the iPhone
Conditions are same as for last month’s early bird (Rs.10 Lacs eligible FPI)
to be done between 1/11/2009 and 15/11/2009.

Offer II : For Agents qualified for early bird and got iPhone
80% of the earlier competition (Rs.8 Lacs eligible FPI)
to be done between 1/11/2009 and 15/11/2009.

Hurry!
Opportunities are bright!
Utilise them now!
Do more! Get more and more!!

Good Morning 03/11/2009

Good Morning
148 Days(40.54%)more
Opportunities are like sunrises
If you wait too long
you will miss them
Start early to catch opportunities

LIC raises stake in Tata Tea to 16%

The Life Insurance Corporation of India has raised its stake in Tata Tea to 16.03 per cent after buying shares worth Rs 113.10 crore through open market transactions.

The LIC has bought 12,95,212 shares, representing a 2.09 per cent stake in Tata Tea.

Prior to the purchase, the LIC held 13.93 per cent in the Tata firm.

LIC ULIPs Growth Fund

31/10/09NAV
B 47.26
FU 20.40
J 18.87
MY 10.63
MK 13.34
FO 10.45
P 10.32
H 10.91
MY1 12.56
MK1 12.33
CF 13.70
HP 10.31
JS 10.18
-Arivukkadal

Good Morning 02/11/2009

Good Morning
149 Days (40.82%)more

Effective people are not problem minded!
They are opportunity minded!

Nischay is a great opportunity!

Last yr we felt
If min prem for Astha is 10K?
If Astha available till March?
Now
Min prem for Nischay is 10K!
Nischay available till March!

What for should we wait more?
Dont wait till March!
Start now!
Exploit all opportunities!
Otherwise someone else
will take it before you!

Spreadsheet(excel) Calculator for Jeevan Nischay

This is an Excel calculator to calculate the maturity value in Jeevan Nischay.
All you need to key in are the Date of Birth and Amount of Premium being paid only.
The file generates maturity Sum Assured, increased Maturity Sum Assured and the resulting yield (excluding loyalty addition)!
You can give the policyholder a colourful quotation with his name!

Download now
Jeevan Nischay Calculator

With best wishes to surpass all your past records,
Arivukkadal

Percentage of Death Claims Paid, Repudiated and Pending 2007-08

2008-09 figures are yet to be releases by IRDA.

LIC ULIPs Growth Fund

30/10/09NAV
B 47.26
FU 20.40
J 18.88
MY 10.64
MK 13.34
FO 10.45
P 10.32
H 10.91
MY1 12.57
MK1 12.33
CF 13.70
HP 10.31
JS 10.18
-Arivukkadal

Good Morning 31/10/2009

Good Morning
151 Days(41.36%) More
If you do what you've always done,
you'll get what you've always gotten!
Find the Change required & do it

Stock Market

30/10/09
BSE
Sensex -156.44
Midcap -32.49
NSE
Nifty -38.85
Midcap -1.70
These are not direct indicators of NAV
-Arivukkadal

LIC ULIPs Growth Fund

29/10/09NAV
B 45.54
FU 20.49
J 18.95
MY 10.69
MK 13.40
FO 10.49
P 10.37
H 10.93
MY1 12.60
MK1 12.37
CF 13.75
HP 10.32
JS 10.22
-Arivukkadal

Power Point Presentation of Jeevan Nischay

This presentation is less than 100 KB.
But simply tells all the features!
Get it now

Jeevan Nischay Presentation

-Arivukkadal

Saree Winners

Thanjavur Divn
Saree worth Rs.350 for every 50K prem
19/10-31/10
Winners 903
(No. of Agts done 50K or above after 19/10)
-Arivukkadal

Thanjavur Competition

Thanjavur Mega Comptn
Winners upto 29/10 @ 7.23PM
Cooker-217
Mixie-85
Grinder-57
DigiCamera-49
Fridge-35
Washing-13
LCD TV-27
Arivukkadal

Stock Market

29/10/09
BSE
Sensex -230.77
Midcap -120.10
NSE
Nifty -75.60
Midcap -56.30
These are not direct indicators of NAV
-Arivukkadal

LIC ULIPs Growth Fund

28/10/09NAV
B 47.94
FU 20.63
J 19.08
MY 10.78
MK 13.52
FO 10.60
P 10.47
H 10.98
MY1 12.68
MK1 12.50
CF 13.84
HP 10.34
JS 10.36
-Arivukkadal

Good Morning 29/10/2009

Good Morning
153 Days(41.91%)More
Success is independent of how much (days) U have
It is only dependent on how determined U
to succeed!

South Zone Competition

2 days more to get iPhone
Zonal Competition
Chalo Jaipur
Early Bird Prize iPhone
Rs.10Lac Eligible FPI
For more details contact BO

Thanjavur Competition

TjrDivn
Comptn
3 days more
FPI Rs-Prize
15Lac-LCD TV
10L-WashingMach
7L-Fridge
5L-DigCamera
4L-Grinder
3L-Mixie
2L-Cooker
Saree for each 50K

Jeevan Nischay

Sweet Sixteen!

1. It is a Single Premium Policy
2. No Medical Examination is required
3. Minimum age to take the policy is just 18 years
4. Short term of 5, 7 or 10 years
5. Minimum Premim of just Rs.10000
6. Very high risk cover of 5 times in the first year of policy
7. Guaranteed Maturity Sum Assured
8. Greater the premium, greater the Maturity Sum Assured
9. Loyalty Additions
10. Loan facility after just one year
11. Absolute assignment available
12. Guaranteed Surrender Value of 90% of Premium after one year
13. Close-ended scheme
14. Exclusive for existing LIC policyholders
15. Ideal to recycle Bima Gold survival benefit
16. Golden chance to meet all the existing clients

Always leading!

Stock Market

28/10/09
BSE
Sensex -69.91
Midcap -9.41
NSE
Nifty -20.55
Midcap -12.70
These are not direct indicators of NAV
-Arivukkadal

LIC Growth

27/10/09NAV
B 47.94
FU 20.63
J 19.10
MY 10.81
MK 13.57
FO 10.63
P 10.49
H 10.98
MY1 12.71
MK1 12.54
CF 13.86
HP 10.34
JS 10.41
-Arivukkadal

Good Morning 28/10/2009

Gud Mrng
U hav 154 Days(42.19%)

If U fell down
Dont look @ where U fell
Look @ what made U to fall

If business is less
Find why
Rectify it

You have 3 full days excluding today!

TjrDivn
Comptn
3 days more
FPI Rs-Prize
15Lac-LCD TV
10L-WashingMach
7L-Fridge
5L-DigCamera
4L-Grinder
3L-Mixie
2L-Cooker
Saree for each 50K

You have 3 full days excluding today!

3 days more to get iPhone
Zonal Competition
Chalo Jaipur
Early Bird Prize iPhone
Rs.10Lac Eligible FPI
For more details contact BO

Winners so far

Thanjavur Mega Comptn
Winners upto 27/10 @ 3.23PM
Cooker-165
Mixie-75
Grinder-37
DigiCamera-44
Fridge-24
Washing-10
LCD TV-22
Arivukkadal

Stock Market

27/10/09
BSE
Sensex -387.10
Midcap -236.24
NSE
Nifty -124.20
LIC invests in these
But these are not direct indicators of NAV
-Arivukkadal

LIC ULIPs Growth Fund

26/10/09NAV
B 49.12
FU 20.88
J 19.38
MY 11.00
MK 13.80
FO 10.81
PR 10.68
H 11.07
MY1 12.86
MK1 12.76
CF 14.05
HP 10.37
JS 10.59
-Arivukkadal

Good Morning 27/10/2009

Good Morning
Bal 155 Days(42.46%)
If U face a lot of hurdles
understand
u are moving fast!
Like hurdles race!!
Continue with more vigor!!!

Thanjavur Mega Competition

TjrDivn
Comptn
4 days more
FPI Rs-Prize
15Lac-LCD TV
10L-WashingMach
7L-Fridge
5L-DigCamera
4L-Grinder
3L-Mixie
2L-Cooker
Saree for each 50K

4 days more

4 days more to get iPhone
Zonal Competition
Chalo Jaipur
Early Bird Prize iPhone
Rs.10Lac Eligible FPI
For more details contact BO

Performance of Indian Life Insurance Industry - April to Sep.2009

The life insurance industry registered 13 per cent growth in the first half of this financial year. The 22 insurers mopped up Rs 39,047 crore first year premium in the April-September period this year against Rs 34,581 crore in the corresponding period last year.

Among the 22 insurers, Life Insurance Corporation mopped up Rs 25,814 crore in the first half of the current fiscal, registering a growth of 35 per cent. In the April-September period last year, LIC had collected Rs 19,091 crore first year premium.

The 21 private insurers have collected Rs 13,232 crore first year premium during April-september period this year against Rs 15,507 crore during the corresponding period in 2008-09. Overall, the private life insurance industry has registered a de-growth of 15 per cent in the first half of the current fiscal.

ICICI Prudential was the worst hit. Its insurer premium dipped by 40 per cent at Rs 3,464 crore in the first half of the current fiscal from the corresponding period last year. Bajaj Allianz faces a fall of 29 per cent with new businesses collection worth Rs 1,439 crore in the first six months of this fiscal. Reliance Life collected premium of Rs 1,249 crore in the April-September period against Rs 1,473 crore garnered during the corresponding period last year, i.e. negative growth of 13 per cent. SBI, has regained the top position among private players with a premium income of Rs 2,391 crore in the first half of this fiscal. However, when compared to last year, SBI Life's premium declined by around one per cent.

Performance

LIC upto 15.10.2009
New
Policies 1,51.00.816 (last yr 1,27,13,242)(+18.78%)
Prem Rs.14,017 Cr(Last yr 11,669 Cr)(+20.12%)
-Arivukkadal

Winners So far

Thanjavur Diwali Comptn
Winners upto 26/10-5.23PM
Cooker-167
Mixie-69
Grinder-36
DigiCamera-44
Fridge-22
Washing-11
LCD TV-20
Arivukkadal

Stock Market

26/10/09
BSE
Sensex -70.31
Midcap -117.17
NSE
Nifty -26.15
LIC invests in these
But these are not direct indicators of NAV
-Arivukkadal

LIC ULIPs Growth Fund

24/10/09NAV
B 49.12
FU 20.92
J 19.43
MY 11.04
MK 13.84
FO 10.87
PR 10.73
H 11.09
MY1 12.92
MK1 12.84
CF 14.15
HP 10.38
JS 10.64
-Arivukkadal

25/10/2009

TjrDivn
Comptn
6 days more
FPI Rs-Prize
15Lac-LCD TV
10L-WashingMach
7L-Fridge
5L-DigCamera
4L-Grinder
3L-Mixie
2L-Cooker
Saree for each 50K

25/10/2009

6 days more to get iPhone
Zonal Competition
Chalo Jaipur
Early Bird Prize iPhone
Rs.10Lac Eligible FPI
For more details contact BO

Good Morning 25/10/2009

Ur concentration must always be on ur target
until U reach it-Napolean Hill
If U remember it wherever U go
U can win in rem.157 days(43.01%)

LIC ULIPs Growth Fund

23/10/09NAV
B 49.12
FU 20.92
J 19.42
MY 11.04
MK 13.84
FO 10.87
PR 10.73
H 11.08
MY1 12.92
MK1 12.84
CF 14.15
HP 10.38
JS 10.64
-Arivukkadal

Thanjavur Competition

TjrDivn
Comptn
7 days more
FPI Rs-Prize
15Lac-LCD TV
10L-WashingMach
7L-Fridge
5L-DigCamera
4L-Grinder
3L-Mixie
2L-Cooker
Saree for each 50K

Aim @ iPhone

7 days more to get iPhone
Zonal Competition
Chalo Jaipur
For details contact BO
Early Bird Prize iPhone
Rs.10Lac Eligible FPI

Good Mroning 24/10/2009

Good Morning
YOU CAN
When?
When u believe u can!
Start believing as U can &
SUCCEED in remaining 158 days(43.28%)
Ur success is LICs success

LIC ULIPs Growth Fund

22/10/09NAV
B 50.08
FU 20.82
J 19.33
MY 11.02
MK 13.81
FO 10.87
PR 10.73
H 11.08
MY1 12.90
MK1 12.83
CF 14.13
HP 10.37
JS 10.64
-Arivukkadal

Club New Rules

ClubNewRule
Existing condition A&B are no more
Sum Assured is not a criterion now
Single condition to be done for
Qualifying Year + any 2 of preceding 3 yrs

Conditions
==============================================
Club--MinNetLives--NetLives/Inforce--RenComn--FirstYrComn
==============================================
CM----------50------------130/600--------Rs. 2Lac------Rs. 2Lac
ZM----------40------------100/400--------Rs. 1.4Lac----Rs. 1.4Lac
DM----------30-------------80/250--------Rs.90,000----Rs.60,000
BM----------20--------------50/150--------Rs.50,000----Rs.35,000
==============================================
Relaxations
FC-50%=RC+50%
(Shortfall of upto 50% in FC can be offset with additional 50% RC)
RC-100%=FC+100%
(Shortfall of upto 100% in RC can be offset with additional 100% FC)

Transitional arrangement for 2 yrs
Members & newly qualified agents under existing condition A or B will be allowed for 2010-11 & 2011-12

Stock Market

23/10/09
BSE
Sensex +21.07
Midcap +66.62
NSE
Nifty +8.45
LIC invests in these
But these are not direct indicators of NAV
-Arivukkadal

Zonal Competition

Zonal Competition
Chalo Jaipur
For details contact BO
Early Bird Prize
iPhone
16/10 to 31/10
Rs.10Lac Eligible FPI
Prepare for iPhone

Thanjavur Competition

TjrDivn
Comptn
8 days more
FPI Rs-Prize
15Lac-LCD TV
10L-WashingMach
7L-Fridge
5L-DigCamera
4L-Grinder
3L-Mixie
2L-Cooker
Saree for each 50K

God Morning 23/10/2009

Gud Mrng
Always look at what you have left
Never look at what you have lost
159 days(43.56%) left!
If u use properly
success will search U!

LIC ULIPs Growth Fund

21/10/09NAV
B 50.08
FU 20.97
J 19.46
MY 11.12
MK 13.93
FO 10.97
PR 10.83
H 11.12
MY1 12.99
MK1 12.94
CF 14.23
HP 10.39
JS 10.74
-Arivukkadal

Stock Market

22/10/09
BSE
Sensex -219.43
Midcap -139.73
NSE
Nifty -75.00
LIC invests in these
But these are not direct indicators of NAV
-Arivukkadal

Good Morning

Good Morning
Success will not come to you
You have to go to it
For that still we have 160 days(43.83%)
Plan your path
Execute your journey

For Thanjavur Divn Agents

TjrDivn
Comptn
9 days more
FPI Rs-Prize
15Lac-LCD TV
10L-WashingMach
7L-Fridge
5L-DigCamera
4L-Grinder
3L-Mixie
2L-Cooker
Saree for each 50K

Zonal Competition

Zonal Competition
Chalo Jaipur
For details contact BO
Early Bird Prize
iPhone
16/10 to 31/10
Rs.10Lac Eligible FPI
Prepare for iPhone

LIC ULIPs Growth Fund

20/10/09NAV
B 50.08
FU 21.13
J 19.64
MY 11.23
MK 14.06
FO 11.08
PR 10.92
H 11.17
MY1 13.06
MK1 13.06
CF 14.33
HP 10.40
JS 10.82
-Arivukkadal

Stock Market

21/10/09
BSE
Sensex -213.84
Midcap -71.49
NSE
Nifty -50.85
LIC invests in these
But these are not direct indicators of NAV
-Arivukkadal

Good Morning 21/10/2009

Good Morning
If you chase two rabbits
both will escape
Plan for a proper target
Focus firmly on it
Achieve it in remaining 161 days(44.10%)

South Zone Competition

Zonal Competition
Chalo Jaipur
For details contact BO
Early Bird Prize
iPhone
16/10 to 31/10
Rs.10Lac Eligible FPI
Prepare for iPhone

Thanjavur Competition

TjrDivn
Comptn
10days more
FPI Rs-Prize
15Lac-LCD TV
10L-WashingMach
7L-Fridge
5L-DigCamera
4L-Grinder
3L-Mixie
2L-Cooker
Saree for each 50K

Zonal Competition

Zonal Competition
Chalo Jaipur
For details contact BO
Early Bird Prize
iPhone
16/10 to 31/10
Rs.10Lac Eligible FPI
Prepare for iPhone

LIC ULIPs Growth Fund

16/10/09NAV
B 50.12
FU 21.16
J 19.68
MY 11.25
MK 14.10
FO 11.10
PR 10.95
H 11.19
MY1 13.08
MK1 13.09
CF 14.35
HP 10.40
JS 10.83
-Arivukkadal

Stock Market

20/10/09
BSE
Sensex -103.00
Midcap +3.93
NSE
Nifty -27.35
LIC invests in these
But these are not direct indicators of NAV
-Arivukkadal

Announcement

19.10.2009 is Holiday @ Mumbai
Hence
No new NAV
No Stock Market
(NAV for 16.10.2009 will be announced on 20.10.2009)

For Thanjavur Division Agents

Tjr Divn
Saree for every 50K also extended till 31/10
Saree worth Rs350 will be given as spot prize
(max 5)
in addition to the listed prizes

Thanjavur Division Competition

Tjr Divn
Comptn
1-31/10
FPI Rs-Prize
15Lac-LCD TV
10L-WashingMach
7L-Fridge
5L-Dig.Camera
4L-Grinder
3L-Mixie
2L-Cooker
13 days more
Do more

Good Morning

Good Morning

No one knows
what
he can do
until
he tries!

Start trying now!

Still U have 163 Days-44.65% left!

Know & show what U can!

Saree again

Tjr Divn
Missed Deepavali Sari?
Dont worry!
Spot Prize till 31/10
Saree worth Rs350
for every 50K FP(Max.5)
Get more sarees &
Get big prizes

Good Morning(2/2) 18/10/2009

Do U know formula to calculate auspicious day?
ie
Yesterday+1
or
Tomorrow-1
ie
TODAY
is always the most auspicious day!
Begin IMMEDIATELY!

Competition

Tjr Divn
Comptn
1-31/10
FPI Rs-Prize
15Lac-LCD TV
10L-WashingMach
7L-Fridge
5L-Dig.Camera
4L-Grinder
3L-Mixie
2L-Cooker
14 days more
do more

Good Morning 18/10/2009

Good Morning
Day 201
As we crossed 200 days & 55% of year
hereafter daily SMS tell you
Remaining Days & percent only
RemD 164(44.93%)

Deepavali Wishes!

We wish you, your family, friends and customers
a happy deepavali!
-Arivukkadal

Tell others

Yesterday both Sensex & Nifty are minus
But
NAVs of
MY+
FO+
PR+
MY+1
MK+1
CF+
JS+
are increased
That is the power of LIC
Convey to customers