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12/10 K Tirthadeep
Partner - Kotak Mahindra Life at Cantab Associates

Views:17 Applications:4 Rec. Actions:Recruiter Actions:0

Recruitment Partner/Life Advisor - Sales - Insurance (1-30 yrs)

Kolkata Job Code: 132351

Why the opportunity exists?

Given the abysmally low rates of interest in Bank FDs, Post Office, the best way to invest money without any element of risk is to do the following:

(i) Become a Life Advisor of a Life Insurance company, promoted / backed up by a bank and having at least 2.5 solvency ratio.

(ii) Get into an endowment plan with 10 years horizon in the name of your son / daughter as life assured, and you or your wife become the proposer. This would ensure that in the first year itself (within 15 days) you get 24% of the annual premium back as commission. In addition, you get the regular returns as promised by the policy. You get income tax relief as per old scheme as well.

(iii) From the second year onwards, you get 5% of the annual premium as commission, in addition to the regular returns of the policy.

(iv) For one time premium / pension plans, you get extra 2% of the premium as commission, in addition to the regular returns and IT benefit as per old scheme.

(v) All you regular returns on any Life Insurance is anyways tax free. The commission part should not be though.

Looks like this is the only way to beat the inflation and the poor interest rates.

Kotak Life:

Kotak Mahindra is looking for recruitment partners - primarily senior partners and homemakers who can work part-time. The income potential is very high - Rs. 50,000/- per candidate. If interested please let me know immediately. It is a remote opportunity and you can do this without disturbing any of your existing work.

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