LEADER

LEADER for Android is an insurance premium calculator designed for LIC agents and development officers who need convenient policy calculation features.

What the app actually does

LEADER is Life Insurance Corporation practitioner for a digital Swiss army knife. It does most of the heavy lifting when it comes to insurance mathematical calculations like the premium of various LIC policies including the breakdown of agent’s commission and the calculation of surrender value. You can set the bonus figures, loyalty additions, and Final Additional Bonus (FAB) parameters using the app. The output can be saved in PDF presentations for the client meeting. This suite is just a collection of business calculators that come in an interface suitable for field agents who want to find an answer while sitting with a prospective policyholder.

Users can mix plans of various plans. It includes loan value calculator, policy combination analysis tool which already does calculations which we use generally in excel sheet. For agents managing diverse and complicated LIC products, it offers specificity that generic apps for financial planning do not offer.

The truth behind your daily wipes

LEADER delivers as it pledges, but don’t be fooled. It also has some downsides to consider. The app is free and funded by ads. Users say that the ads can interrupt their client consultations. Sometimes it is not possible to use the internet. The application should work at those times too. Traveling agents would find it a useful information if the documentation mentions whether core calculation features work offline.

The strength lies in speed and accuracy. When using pen and paper, these calculations would take minutes to solve. The PDF exporting option takes care of the professional presentation needs while bonus and loyalty additions editing allow agents sufficient flexibility when modeling various options for their clients. However, due to it being geared to only LIC’s products, it has nothing to offer to anyone but LIC. This is not a tool designed for general finance. It is a tool that is useful for a particular job only.

Who Should Download This

LEADER84 is used on devices of LIC insurance agents, development officers and that of anyone whose work depends on quick reliable agent commission calculation, life insurance calculation and like activities. The ultimate strength of the app is also its ultimate limitation. This becomes an essential tool kit for LIC distribution network. The features of the policy combination analysis along with the surrenders value computations help to the important pain points in the sales process.

For everyone else? There’s little reason to install it. This app isn’t fooling anybody as a service for everyday users researching their own policies or general shoppers for insurance. Having ads to deal with may seem annoying while you are using it for professional purposes. But considering the free pricing and use-case-specific functionality, you get good value for money for this app. LEADER doesn’t promise to change the way you work, but will undoubtedly make the day-to-day mechanics of LIC policy management significantly faster and more accurate than otherwise.