Distribution proxy of LIC Slip Casualty plus ANAND. G MOULAN. S MANOJ. K RAVEE KUMAR.
M. S Primary concrete of the disposal is to growth the customer ignoble who enjoy a stinted pay equalize of further than 2 lakhs per annum. Price: The worth of a career protection depends upon the era by which guerdon is bieng paid. Specifications of LIC slip casualty plus is given under Specifications | LIC Slip Casualty plus | Age (Male)| 35 years| Premium| 1,00,000| Sum Assured| 5,00,000| Benefit Period| 20 years| Fund Option| Growth Fund| Guerdon Paying Term| 20 years|Maturity FV @10%| 45,29,923| Margins of intermediaries: Margins of intermediaries is on errand premise. These intermediaries enjoy multifarious errand rates according to the system and according to the posse. These edge rates generally lie between 7-8%. Other brands feeld by intermediaries: Intermediaries may feel sundry other brands to-boot.
The most despicable brands that these intermediaries feel are : * Aviva plenty plus one * ICICI vigor artifice Size of network (no of intermediaries): In protection trade barely one intermediary is base.That is the proxy who acts on advantage of the posse and for the customer. Sale body at each equalize: Sale body in protection sector is increasing day by day. The Protection posse hawk at an mediocre body of Rs . 140 crores. The Distributor hawk at an mediocre body of Rs 8 lakhs. Logistics: There are two edicts of hawking the protection System 1.
Offline: This through the proxy who feels the customer. 2. Online : The protection forms are beneficial in the internet where it is a tiresome tasks to occupy sundry forms through online average.Mostly the offline edict of grant is preffered by most of the customers. Promotion by proxy members: 1. Posse : Most of the promotions are performed by the LIC barely. They circulate in Televisions, Radio, Interenet and sundry other stereotype media.
They to-boot fix in sponsoring for sundry events and conferences which bargain after a while the protection interest. 2. Proxy : Proxy don’t mingle in vast promotions instead they induldge in viral tradeing which spreads the account of aperture from one customer to another. Financial issue in the proxy: