What is the basic salary of LIC agent?

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.

Does LIC agents get pension?

Group pension

Group pension is also available under Lic Agent Benefits.

What is work of LIC agent?

A LIC agent is one who encourages the clients for the purchase of the different policies. ... Life insurance, Health Insurance, and Investment Management are the facilities which this public sector unit offer to its customers. And a LIC agent is one who encourages the customers for the purchase of the policy.

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.

What is the qualification for LIC agent?

Eligibility Criteria for LIC Agent Exam

The minimum age limit of the LIC Agent exam is 18 years. The candidate must have completed their senior secondary education, i.e. [10+2] from a recognised board. The candidate must accomplish 100 hours of training at a LIC training centre.

What is the salary of branch manager in LIC?

Average Life Insurance Corporation Of India Branch Manager salary in India is ₹ 7.9 Lakhs for employees with experience between 9 years to 31 years. Branch Manager salary at Life Insurance Corporation Of India ranges between ₹ 1.8 Lakhs to ₹ 15.1 Lakhs.

How can I become a LIC agent?

What is in hand salary of LIC assistant?

LIC Assistant In-Hand Salary 2022

It will be approximately INR 28,000 to INR 32,000 per month. The distinction between gross and net salaries is that deductions from the gross salary are subtracted from the salary, which includes payroll tax, occupational tax, and other business policy deductions.

Who is the highest paid insurance agent?

Meet the world's highest earning insurance agent. What's this? Gideon du Plessis failed in the 10th standard and never went to college. He is today the highest earning insurance agent in the world, with annual commissions amounting to Rs 7 crore (Rs 70 million) plus.

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.

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 retirement age of LIC agent?

The government has extended the superannuation age of IPO-bound LIC Chairman to up to 62 years by making amendment to the Life Insurance Corporation of India (Staff) Regulations, 1960.

What is the salary of senior insurance advisor of LIC?

Average Life Insurance Corporation Of India Senior Advisor salary in India is ₹ 4.4 Lakhs for employees with experience between 9 years to 18 years. Senior Advisor salary at Life Insurance Corporation Of India ranges between ₹ 3.5 Lakhs to ₹ 5.2 Lakhs.

How do insurance agents make money?

When a policy is sold to you, an insurance agent earns a commission. Also, there are promised rewards that are paid over the commissions for the sales targets achieved by them. The new rule by Irdai could work in the interest of policyholders. ... “These rewards are paid over and above commissions for targets achieved.

Can a government teacher be a LIC agent?

NO. You can not work as a LIC agent if you are a Government employee.

What's the salary of bank manager?

The average salary for a Bank Manager is ₹7,87,500 per year (₹42,660 per month), which is ₹4,00,000 (+103%) higher than the national average salary in India. A Bank Manager can expect an average starting salary of ₹3,15,600. The highest salaries can exceed ₹20,00,000.

What are the posts in LIC?

What is the exam for LIC agent?

If you want become Lic agent you must be done Lic agent exam and this exam Also known as IRDA Exam. Exam conducted by Insurance Regulatory and Development Authority of India.