How can I become a LIC agent?
Asked by: Ahmed Kirlin | Last update: February 11, 2022Score: 4.9/5 (24 votes)
- Contact the right individuals. Get in touch with the nearest LIC branch in your city and contact the Development Officer. ...
- Participate in an interview. ...
- Complete training. ...
- Pass the examination. ...
- Obtain licensing. ...
- Complete reporting.
What is the monthly salary of LIC agent?
The statistical data suggest the average income of an LIC agent to be Rs. 39,200/- to Rs. 67,000/- per month. The figure varies depending upon the number of policies an agent sells and amount of premiums paid by the policy holders.
Is LIC agent a good career?
2] Attractive Remuneration: LIC offers one of the best remuneration systems in the industry that not only takes care of your current earnings, but also guarantees an earning for the future. As LIC agent, you can set your own income targets with a potential to earn as much as you want for the rest of your life.
What is the minimum target for LIC agent?
An LIC agent is required to sell minimum 12 policies per year, and if he fails to achieve this, he has an option to complete the target in another one year. But in the third year, if he fails to get 36 policies, his registration gets cancelled.
Do LIC agents get pension?
Group pension
Group pension is also available under Lic Agent Benefits.
How to become LIC Agent | LIC Agency | LIC Agency Exam process | LIC एजेंट कैसे बने | Exam Fees
What are the benefits of becoming LIC agent?
- Zonal Manager's Club.
- Chairman's Club.
- Corporate Club.
- Interest-free vehicle loan.
- Low-interest home loan.
- Office maintenance allowance and financial benefits.
- Furniture allowance.
- Advance or bonus for festival celebrations.
Is LIC agent government job?
If someone is an LIC agent at the present then got a government job. Is there any issue? - Quora. Yes ,there is problem . You have to select either Govt job or LIC agency.
Is LIC agent an employee?
Regulation 29(2) proviso provides that no employee of the Corporation shall be permitted to act as an insurance agent and no employee shall allow any member of his family to act as an insurance agent.
What is the salary of LIC?
The typical Life Insurance Corporation of India Administrative Officer salary is ₹7,71,081 per year. Administrative Officer salaries at Life Insurance Corporation of India can range from ₹4,89,566 - ₹16,69,223 per year.
How can I take IRDA exam?
Candidates who are interested to apply for IRDA exam will have to apply through online mode. Before applying for IRDA exam, the interested candidate has to get 50-hours training from a training institute which is IRDA approved to act as a Life or General Insurance agent.
Who is the richest LIC agent in India?
Bharath Parekh. Parekh, who missed out on watching matinee shows and playing cricket during his youth, is now a millionaire who can afford most luxuries of life. As an agent, his annual income is over Rs 4 crore, around five times more than the Rs 87 lakhs that LIC chairman DK Mehrotra took home last year.
Can a government teacher be a LIC agent?
NO. You can not work as a LIC agent if you are a Government employee.
Why do insurance agents quit?
Most agents quit because they can't get enough sales to support themselves and their families. The only way to change that is to learn how to get more leads, better leads, and follow up on them. People go on fact-finding missions online. They don't care who answers their question, as long as they get answers.
How many types of LIC agents are there?
Insurance is sold by two types of agents. Independent agents are self-employed.
What happens if LIC agent dies?
In case of agent's death while his agency subsists, after agency was in force for two years or over, renewal commission will continue to be payable to his heirs or nominee provided there was a business of not less than Rs. 1 lakh in force at the time of death.
Do LIC agents pay first premium?
Though, Agents earn the commission for the policies they sale. LIC offers 25% to 35% commission on the policy premium for the first year, then 7.5% for 2nd & 3rd Year + 5% till the policy maturity.
Can LIC agents sell online?
LIC advisor usually use the offline method of selling insurance. You can, however, sell LIC policies by the online mode through the LIC website as well.
What is the salary of LIC chairman?
The chairman's salary in LIC is currently Rs 35 lakh per annum.
Which is the best post in LIC?
LIC AAO (Life Insurance Corporation of India Limited Assistant Administrative Officer) is the most popular job among aspirants to make a bright career in the insurance sector.
What is the highest salary in LIC?
What is the highest salary offered at LIC? Highest reported salary offered at LIC is ₹50lakhs. The top 10% of employees earn more than ₹21lakhs per year. The top 1% earn more than a whopping ₹42lakhs per year.
What is SBI clerk salary?
The starting salary of SBI Clerk is ₹ 19900/- (₹ 17900/- plus two advance increments admissible to graduates). The newly revised payscale of SBI Clerk is ₹ 17900-1000/3-20900-1230/3-24590-1490/4-30550- 1730/7-42600-3270/1-45930-1990/1-47920.
Which bank exam is easy?
IBPS Clerk Exam
Conducted at the clerical level IBPS exams are very easy to crack. IBPS is infamous for its transparency and pace with which the exams are conducted and the results are published. This exam consists of prelims, mains and a language efficiency test.