Insurers may unveil new unit-linked offerings

With the regulatory dispute over unit-linked insurance plans (ULIPs) behind them, insurance companies are gearing up to launch new ULIPs.

Most insurers had put on hold new launches after the Securities and Exchange Board of India, asked them to take its permission before launching such products.

“Many investors will now go ahead and invest in ULIPs. Insurance companies that had put on hold new products will now bring them out,” said Mr Nageswara Rao, Managing Director and Chief Executive Officer, IDBI Fortis Life Insurance. “We are also working on some new products”.

More Details :- Myallagents.com

LIC Profit Plus | LIC Life Insurance

LIC profit plus is a unit linked endowment plan where the PPT or the premium payment plan is limited to a single sum of amount more than 3, 4 and 5 years. When the insurance policy gets developed the policy holder can exercise resolution option and can receive the policy money in installments. The installments will be available over a period not more than 5 years from the planned date of maturity of the term.

LIC profit plus does not provide any life cover during this period. The value of the payable installment is a subject to investment risk because the NAV value may go up and down according to the presentation of the fund.
More Details Click Here :-  LIC Profit Plus | LIC Life Insurance

Insurance Institute of India Model Tests online test

Model Tests

In order to familiarise yourself about the pattern of question paper, you may attempt model test papers of:

Insurance Institute of India Mock Tests

and get it evaluated instantly on submission of test paper....Experience the feel of Real Test!

Please go through the Instructions carefully before taking the test.


Instructions for appearing the Model Test:

• The question paper consists of objective type questions only.
  
  
• For every question, you will find four alternative answers. To select your answer, click on the radio button next to the alternative.
  
  
• In case you want to change the answer click on any other desired alternative.
  
  
• After completing the test, press the ‘done’ button. A list of questions attempted as well as not attempted will appear along with the two options, 
  viz, ‘Go back to question paper’ or ‘Submit answer paper’.
  
  
• In case you want to go back to your question paper, to recheck your answers, click on the ‘Go back to question paper button’.
  
  
• Click on the ‘Submit question paper’ button to submit the paper and result will be displayed on the screen
  
  
• Click on ‘Close window’ to close the model test paper.

Insurance Agency Marketing and PR

Insurance Agency Marketing and PR

Small business marketing tips help any business promote their products and services. Identify an insurance agency’s marketing and public relations campaign objectives to stay on target. Some questions to ask:

* What will be gained by an insurance agency’s marketing campaign?
* Is the focus on finding new customers or customer retention? Or both?
* What messages should be sent to prospects, customers, business partners and insurance agency employees?

Completing an executive summary, a more complex SWOT (Strengths, Weaknesses, Opportunities and Threats exercise) or compiling competitive intelligence helps small businesses identify their insurance agency’s marketing and public relations objectives and to get agreement on them.
Small Business Marketing Goals

Set concrete marketing and public relations campaign goals for an insurance agency or small business. Agencies may need to change goals later, but this sets checkpoints to review progress throughout the campaign. Here’s a sample marketing campaign goals and objectives statement:

Lisa Nichols' Insurance Agency has a great opportunity to find all-new customers in 2008. It is estimated that there are 10,000 potential, eligible agency customers in our community. The agency anticipates that 1,000 new customers will join the agency by the end of 2008, and that an additional 2,000 customers will be on board by June 2009.

L.I.C. Development Officers' Exam

L.I.C. Development Officers' Exam

A competitive examination for the recruitment of Assistant Development Officers' in the Life Insurance Corporation is held once a year, generally in the month of
September. The blank application forms and particulars are published in the Employment News, generally in the month of July and the last date for submission of applications is generally the first week of August.

Educational Qualifications: Candidates must hold a Bachelor's Degree in Arts, Science, Commerce, Agriculture or Law of an Indian or Foreign University or an equivalent qualification.

Age Limits: The applicants should have completed the age of 21 years on the 1 st July of the year of examination.
More Detail Pls check the link
L.I.C. Development Officers' Exam

Bonus Information - Life Insurance Corporation of India

Bonus Information - Life Insurance Corporation of India 2008-2009
All this “bonus rates” is always declares on the sum assured instead of the amount you deposit [premiums] to the LIC.

So if you have a policy of Rs2, 00, 000 with a premium of Rs10, 000 per annum and the bonus rate is 5.5% then your this year bonus amount will be Rs11, 000 [5.5% of 2, 00, 000] and not Rs1100/

Click on the following Link
http://www.myallagents.com/Bonus-Information-Life-Insurance-Corporation-of-India/details.html

Insurance Agent: Career Information

Job Description of Insurance Agents:
Insurance agents, who may be referred to as insurance sales agents, help clients choose insurance policies that suit their needs. Clients include individuals and families as well as businesses. Captive agents work for an insurance company, and only sell that company's products. Independent insurance agents, or brokers, represent several companies. Types of insurance include property and casualty, life, health, disability, and long-term care insurance. Many insurance agents also sell mutual funds, variable annuities and other securities.
Employment Facts for Insurance Agents:
Insurance agents held about 436,000 jobs in 2006. About half of them worked for insurance agencies and brokerages and about 23 percent worked for insurance carriers. More than a quarter of all insurance agents were self-employed.
Educational Requirements for Insurance Agents:
Employers prefer to hire insurance agents who have college degrees, particularly in business or economics. They might consider hiring a high school graduate who has proven sales ability.

How to Become an Insurance Agent

A successful insurance agent must be an excellent salesperson with an outgoing personality. The agent must also possess superior mathematical skills and constantly keep up-to-date on any changes within the Insurance Industry.

Instructions

Step 1

Familiarize yourself with the insurance field. Life, health, property and liability insurance are the areas in which most agents currently work.

Step 2

Receive a bachelor's degree in business or economics. Insurance companies prefer to hire individuals whose academic background includes courses in finance, math, accounting, economics, business and public speaking.

Step 3

Become proficient with the computer software used by the insurance industry.

Step 4

Work part time for an insurance agency while you're in college. Ask your guidance counselor if there are any agencies in your area that have training programs for college students.

Step 5

Expect to take your state's exam for the mandatory insurance license after an agency hires you. Classes for the exam are offered in pre-licensing schools of insurance agents associations and in offices of some insurance companies. Make sure you will meet all the licensing requirements of your state.

Step 6

Be prepared to take continuing education classes for years to come. Many states require these on a regular basis.

Step 7

Obtain certification to further your advancement within the industry. By taking intensive courses and examinations after you have had considerable experience as an agent, you can obtain the highly respected designation of Chartered Property and Casualty Underwriter.

Are life insurance quotes useful?

The life insurance quotes refer to the rates of life insurance policies. However these rates vary from company to company and from policy to policy. Though there many sources for information about the quotes it is better to collect from the company itself. If you can collect from more companies, well and good as it gives competitive edge. Read more from the article on insurance quotes.The article covers

* What are life insurance quotes?
* Where to get them?
* Factors affecting insurance quotes
* Best life insurance quotes

Life Insurance quotes are the prices at which life insurance policies are proposed to be sold. In that context a life insurance quote does not necessarily become the selling price of all life insurance policies as some are given at concessions in case if the individuals chooses to take other types of insurance policies from the same company. In case of group life insurance scheme special discounts are also offered. Life insurance quotes vary from company to company and from individual to individual.

Life Insurance - Plan for Life

The very best time to arrange life insurance

is when it's furthest from your thoughts. Take a typical young man. He's at the start of his career, possibly still living at home, but thinking of looking around for a flat. He has a car and the insurance that he arranged for it was probably his first step in the insurance ladder.

If he decided to take out some life insurance, whilst he's still young, fit and healthy he'd get the best possible rates. Probably the most valuable insurance at this stage is Critical Illness (CI) cover.

Whilst life insurance is designed to pay out to your beneficiaries if you die, CI cover will give you valuable support if you become critically ill. For our young man, starting on his career, an illness of this type could be a financial disaster. It is a fact that one in three people will develop cancer at some time in their lives, but the good news is that treatment and cure rates are improving all the time.

Advances in medical science thankfully mean that more and more people will survive many of the major serious illnesses. Unfortunately this recovery can take many months, or even years and necessitate long period of time off work. It may not be possible to carry on with the same work, meaning a change of career. In some cases it may be necessary to change your home and car.