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MetLife
- The Company
143 years (Founded in 1868) experience serving over 90 million customers across the world No.1 Life Insurer in the World US$ 3.7 trillion of Life Insurance in Force as on 31Dec2010 Ranked 46 on the FORTUNE 500 list 2011 No 1 life Insurer in US Ranked 4th In Fortune Magazine 2011 List of Americas Most Admired Companies
*based on Life Insurance in force
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Hungary Ireland Italy Latvia Lithuania Poland Portugal Romania Russia Serbia Slovakia Spain Turkey Ukraine United Kingdom
MetLife Alico
CONFIDENTIAL
On November 1, 2010, MetLife, Inc. completed its purchase of American Life Insurance Company (ALICO).
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MetLife India
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LR 1 AV4- PNBMetLife
UFS
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Earning Potential-IM
Year No. of policies p.a. NBP (Rs.) FYC (20%) Renewal commission @ 5% (Rs.) Total Earned Commission (Rs.) Salary Y1 12 1200000 240000 Y2 12 1200000 240000 Y3 12 1200000 240000 Y4 12 Y5 12 Y6 12 Y7 12 Y8 12 Y9 12 Y10 12 TOTAL
1200000 1200000 1200000 1200000 1200000 1200000 1200000 240000 240000 240000 240000 240000 240000 240000
60,000
1,20,000
240000 215000
300000 215000
360000 215000
420000 215000
480000 215000
540000 215000
600000 215000
660000 215000
720000 215000
780000 215000
Total Income
4,55,000
5,15,000
5,75,000
72,50,000
Extra Benefits
Foreign Trips
EPF
CONFIDENTIAL
COMMISSION RATES
Met Bhavishya
Money Back Child Plan
30% 5 Pay 10 Pay 15 Pay Regular Pay 10 Pay 5 Pay Regular Pay Limited Pay 12% 22% 30% 30% 15% 7.50% 25% 7.50% 6% 2% 12% 10%
Met Suvidha
Participating Endowment Plan
Met Suraksha
The Term Plan
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3,000,000 12 500,000
As Applicable As Applicable As Applicable Product Commission Rate FA R&R Rate Renewal Commission Rate As Applicable As per FA Qualification Slab As per FA Qualification Slab As per FA Qualification Slab 10
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Insurance Manager has to be Active every month as per Activity Definition Insurance Manager has to meet Quarterly Productivity requirement
Insurnace Manager Grade 1 50,000 20% of Annual Goalsheet Insurnace Manager Grade 2 50,000 20% of Annual Goalsheet Insurnace Manager Grade 3 100,000 20% of Annual Goalsheet
Accelerated Activity
25% Credit to excess business over & 25% Credit to excess business over & 25% Credit to excess business over & above Monthly Activity requirement in above Monthly Activity requirement in above Monthly Activity requirement in subsequent months subsequent months subsequent months
Accelerated Productivity
25% Credit to excess business over & above Quarterly Productivity requirement in subsequent Quarters
25% Credit to excess business over & above Quarterly Productivity requirement in subsequent Quarters
25% Credit to excess business over & above Quarterly Productivity requirement in subsequent Quarters
Insurance Manager not meeting Active Criteria any 2 consecutive months will be terminated Insurance Manager not meeting Quarterly Productivity requirement in any single quarter will be terminated Terminated Insurance Manager can how ever continue with MetLife as 11 Financial Advisor
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8 Lacs.
10 Lacs. 10 Lacs.
2 Seat
2 Seat 1 Seat
OR
PLUS PLUS
12