Four month back, I got a call from far relative of mine, he wanted an hour time from me to discuss on a business opportunity with me, I agreed and we met in our house for a discussion Between. I was wondering what he wanted to discuss with me as he is a big business man. After asking my whereabouts he questioned about my knowledge about Insurance, it was now my turn to explain about insurance. He said if I show any opportunity where you can earn 1lac per month without much efforts and will you ready to do? I thought for a moment and said yes. He continued and said think as normal person and tell me what benefit you will get when you take an insurance policy. I said I will get some amount after 3yrs of lock in period and if wont withdraw I would get some handsome amount after 10 or 15 years. He said I have a plan where a person invest in insurance and he refers two or more people to buy the same policy immediately he starts earning. Oops... It is an MLM no way I am going to do this... it is not my cup of tea as many of my friend approached me to join Amway, herbal life... etc. was my answer.
He started to explain about the company named TLC (Team life care), TLC is the channel partner for Bajaj allianz life insurance company and they contribute 10% of the business to BALIC. TLC is started as a channel partner from 2004 and last year turnover was nearly 700cr and for 2009 they are expecting to cross 1000 cr. I was shocked to hear the financial of this company. I said I need a day time so that I can do you research on this. After doing a fair bit of research i found that this company has a clear vision for growth and also came to know that these guys are ISO 9000:2001 certified and know what they are doing. Unlike other MLM they are not into any of the products but into investment. They deal with only insurance policies. They work in simple 1:1 Binary plan, If a person wants to become a business partner then he need to take BALIC policy through TLC.Whatever the amount a person invest for that amount he will get a policy, apart from that he need to pay a onetime lifetime charge 500/- to TLC for the business opportunity. Once a person joins this business he needs to refer more and more people. The maximum amount a person can earn 50K per fortnight (Two payouts in a month), apart from the normal referal incentives they are many lucarative rewards like foreign tour, pension schemes etc.overall it was a worth research.
One fine day I decided to join this business, before joining I did make sure that I answered few of the questions like... what are my short term goals? What are my long term goals? What could be the approximate budget to meet each of these goals? Using your current opportunities, what are the possibilities to reach /Achieve them?
Answers to these question made us to join this Business. I have joined this business by taking a policy of 5000HLY and now I have 7 different ID’s where I have an earning potential of 7lakh per month. My team is growing as I have around 85 people now...
I would like to end this write up by saying " Though most of the people are salaried and self employed, to get the financial freedom we need to jump to other quadrant of the life as Robert Kiyoski mentioned in Richdad and poor dad, In this recession period i suggest people to switch over to other alternative career like this where you can grow by levaraging other peoples time, effort, contacts..etc."
However I would like clarify that all the insurance companies are monitored by IRDA including LIC (like how RBI governs bank, MNC banks, NBFC... etc). I agree that people are yet to gain trust on the private insurance companies as some of the advisors have made misselling of the products or they are unable to give the good service. Also would like to highlight that market capture by LIC as on 2004 was 87% and it 67% and by 2015 it will be 33%.
Final Note: Raw material for this business is people and it is very abundant in India.
satheesh,
91 99942 82326
[email protected]
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