How to become LIC agent- Know Salary, Commission and registration process here

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How to become LIC agent- Know Salary, Commission and registration process here

Who is LIC Agent? | How to become LIC agent?

How to become LIC agent

LIC Agent in one who gives the business to the organization. The LIC agent always builds and develop good relation with the clients who give business to the organization by taking different set of policies. Being an agent it’s not an easy job nor a tough one, it gives a chance to become a successful entrepreneur, as being an agent it’s important to develop awareness among people about life insurance.

Being an LIC agent there is no any restriction as you are own boss the more hard work you do you, become more successful

How To Become LIC Agent in India 2021

To become an LIC agent you need to contact neareast brand and schedual meeting with development officer

After approving your application in an interview, The branch manager will send you to the training center of the department/agency. In training, all the knowledge related to life insurance will be taught to you during 25 hours long training.

After getting all training you will be sent for an examination where you need to clear your exam, which is organized by the Indian Insurance Regulatory and Development Authority.

When you clear your examination you will be appointed as a LIC agent by the branch office where you will become a member of the team which works under the supervision of a branch office. 

What is qualification for LIC agent?

The qualification to become a LIC agent is you should be at least a 10th pass and an 18-year minimum, As earlier to become an agent you must be a 12th pass.

To appear in examination you must need to complete 25 hours long training.

LIC Agent Monthly Salary in 2021

Money Back plan

Premium Paying TermCommission
1st Year2nd and 3rd Year4th Year Onwards
As per plan15%10%6%
12 year15%8%6%

Endowment plan

Premium Paying TermCommission
1st Year2nd and 3rd Year4th Year Onwards
2 to 4 yr5%2.25%2.25%
5  to 9 yr10%5%5%
10 to 14 yr20%7.5%5%
15 yr & above25%7.5%5%

Term Plan

YearCommission
1st Year2nd and 3rd Year4th Year Onwards
5 -9 years10%5%5%
10 – 14 years25%7.50%5%
15 years and above25%7.50%5%

Pension Plan

Premium Paying TermCommission
1st Year2nd Year Onwards
2 to 4 year5%2%
More than 4 years7.5%2%
100000
Year
PremiumCommission RateCommission
1st Year10000025%25000
2nd and 3rd Year1000007.5%7500
4th Year Onwards1000005%5000

Benefits of becoming LIC agent

Becoming LIC agent will help you to earn good revenue and its completely depend upon you how you work because your own boss.

After joining as a LIC agent you will be a part of big team of Life Insurance Agent.

As a LIC agent you will get a chance to interact with customers and build network.

Your communication, personality and sales skills will also developed.

Conclusion :

We hope that this post on How to become LIC agent- Know Salary, Commission and registration process here was helpful for you. All the above information is collected from the Internet. If you have any further queries or suggestions, then please feel free to comment below or email us.

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