ANJANEYULU LINGAMPALLY

Summary of May 2022-Nov 2024 Percentage Growth

• Growth Summary (May 2022 - November 2024)
• Fiscal Year 2022-23 (FY23): The life insurance new business premium of ₹1.60 lakh crore.
• Fiscal Year 2023-24 (FY24): The sector experienced a modest growth of 256%, with new business premiums totalling ₹5.77 lakh crore.
  

📌 Agents: 466 % increase (150 → 850)
📌 Leaders: 1300 % increase (5 → 70)
📌 Policies Sold: 100% increase (600)
📌 Revenue (Premium Collected): 100% increase (₹1.5Cr → ₹7.00 Cr)

• Key Strategies for Achieving This Growth:

✅ Recruitment & Training – Focus on onboarding & skill-building for new agents.
✅ Leadership Development – More leader coding to manage expanding teams.
✅ Product Diversification – Expanding into term life insurance.
✅ Customer Retention & Referrals – Repeat business from 2023 policyholders.

• Fiscal Year 2020-21 (FY23): The life insurance in gross direct premium of ₹56 lakh, reflecting a growth fiscal year.
• Fiscal Year 2021-22 (FY24): The sector continued , achieving a premium of 1.66 lakh crore, marking a 196% increase compared to FY23.
  
• Total Premium Collected: ₹2.2lakh crore (over 20 months).
• Insurance Managers Recruited: 120 managers.
• Average Premium per Manager: ₹9.167 lakh per manager for this period..

• Fiscal Year 2019-20 (FY21): The life insurance in gross direct premium of ₹56 lakh, reflecting a growth fiscal year.
• Total Premium Collected: ₹1.1lakh crore (over 10 months).
• Insurance Managers Recruited: 80 managers.
• Average Premium per Manager: ₹1,.37 lakh per manager for this period..

• 150 agents were recruited.
• The total premium collected was ₹3 crore .
• The average premium per agent was ₹2 lakh .
• The average premium per month was ₹10.34 lakh .
• There was a 100% growth in both agents recruited and premium collected from the start to the end of the period.

• Invested in Herbal Products business as a Super stockiest Ap and Telangana
• Total Investment : ₹10 lakh
• Total Turnover=₹2 crore
• Turnover Growth over 5 years :
• The turnover grew steadily by ₹40 lakh each year over 5 years.
• The profit margin ranged from 25% to 30% , resulting in growing profits each year.
• The YoY growth in turnover gradually decreased over time, from 100% in FY13 to 25% in FY17 .

• Maintain the 10 Team members and increase the Branch Portfolio of the business
• The portfolio size grows steadily over the 2.5 years, with a larger increase in the higher growth scenario (25%) .
• YoY growth shows strong performance, with 15% and 25% annual growth in the first year, followed by a 6-10% growth rate in the subsequent year.
• In the partial 10/2011 - 02/2012 period, growth slowed down but still continued steadily.
• Targeted Cross sell products like SIP and MF, , High value FD'S above 10 LAC to 1 Cr

• Maintain the Branch Portfolio
• Source the new business of Saving account and Current accounts through the open market
• Over the period 11/2007 to 09/2009 , assuming a 15% to 25% annual growth in portfolio size, the Senior Business Manager could have increased the portfolio from ₹1 crore to around ₹ ₹2.04 crore by by the end of September 2009 .
• Targeted Cross sell products like SIP and MF, insurance, High value FD'S above 10 LAC to 1 Cr