What is the qualification for LIC agent?
Asked by: Ms. Claudie Collins Jr. | Last update: February 11, 2022Score: 4.2/5 (9 votes)
To be a LIC agent, your educational qualification should be at least 10th pass and the age should be minimum 18 years. Earlier, it was necessary to have 12th pass certificate to become an agent. - Contact your nearest LIC branch office and meet the development officer there.
How can I become a LIC agent?
- 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.
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.
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.
How to become LIC Agent | LIC Agency | LIC Agency Exam process | LIC एजेंट कैसे बने | Exam Fees
How can I pass IRDA exam?
Minimum marks to pass the test is 18 out of 50 which comes to be 35%. Even if a candidate gets 17 marks in the test, one mark will be given as grace to pass the exam. So, in total we need to answer at least 17 correct questions to pass the test. The result is generated as soon as the candidate submits the test.
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.
Do LIC agents get pension?
Group pension
Group pension is also available under Lic Agent Benefits.
What is LIC agency Year?
Agency Performance Review policy (MBG Criteria):
at least fifteen years and he is at least 55 years of age; or. fifteen years and at any time subsequent thereto there is a business in force in the books of the Corporation under his agency yielding a renewal premium income of not less than Rs. 2,00,000 per annum.
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 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.
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.
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 student become LIC agent?
Anyone above 18 years or above in age and 10th passed in education can join LIC as an agent. A fresher, even a student, can become an LIC agent if he is willing to explore new horizons of growth and popularity together. Job of LIC agent is a reputable job with good earnings prospects.
Is LIC agent a government job?
Generally any Govt. Employee barred from doing LIC agency. But I think if you get no objection certificate from your employer then LIC may agree to continue your Lic agency.
Can girls become LIC agent?
We talk about women empowerment but those ladies who are over aged and not eligible for government job they can join LIC as Lic agent. ... Housewives, self employed ladies, beauticians etc can join LIC OF INDIA. and utilize their knowledge to increase their income.
How do I become a post office agent?
- Application Form for India Post Agent.
- Agreement form.
- Nomination form.
- An affidavit which is attested by the Magistrate for Rs. ...
- Two character certificates.
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.
What is the fees of IRDA exam?
► Fee Structure: Admission fee Rs. 250/- and Exam Fee per Paper is Rs. 300/-, payable by Demand Draft only drawn in favour of "Insurance Institute of India, payable at Mumbai.
Can I give IRDA exam online?
The IRDA 2021 Prelims exam is an online objective-type exam. A total of 4 sections in which each section comprises 40 questions. Candidates can write the paper in these two languages: Hindi or English except for the English Language Section.
What is the benefit of IRDA exam?
To ensure the fair dealing of insurance policies in the market. To safeguard the interest of the policyholders in India. To keep an eye on the frauds and scams found in the insurance market. To implement the rules and regulations of IRDA for the safety and benefit of customers.
Is IC 38 exam easy?
Is IRDA Exam (IC 38) difficult to pass? Not really if you understand the concept. But most of the candidates find it difficult to pass the exam.
What is IRDA certificate?
Features & Benefits of IRDA:
Protects the policyholder's interests. Rules and regulations are framed by the apex body under Section 114A of the Insurance Act, 1938. It is entrusted under the Insurance Act to grant the certificate of registration to new insurance companies to operate in India.
How do I prepare for an insurance agent exam?
- Understand the syllabus and exam pattern well. ...
- Practice online mock tests: Most exams are conducted online these days. ...
- Prepare well for the GK & English sections: Most students tend to not focus too much on these two sections.
What is the salary of LIC chairman?
The chairman's salary in LIC is currently Rs 35 lakh per annum.