Is it worth becoming LIC agent?

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Is it worth becoming LIC agent?

1] Joining A Successful Team: By joining LIC as agent, one will be a part of the country’s finest team of life insurance Agents. 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.

How much commission does an LIC agent get?

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.

Is LIC agent a good career Quora?

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Originally Answered: Is the LIC agency a good option? Yes it’s indeed a good option, But again its fully on your marketing skills. You need to bring business to LIC to earn commission. It’s surly not a cake walk, as many agents leave LIC in their first year of agency.

How can I become a LIC agent part time?

– Contact your nearest LIC branch office and meet the development officer there. – The Branch Manager will take an interview and if h/she thinks you are okay, then you will be sent to the Department/Agency Training Centre for training. – Training is of 25 hours. It covers all aspects of the life insurance business.

Does LIC agents have PF?

As LIC agents were entitled to commission and gratuity alone, the Government should immediately introduce pension, provident fund and mediclaim to them, LIC Agents’ Organisation of India (LICAOI), general secretary, P G Dileep, told reporters here today.

Can I work as LIC agent and do another job?

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Yes, you can work as a LIC agent and do another job too. Insurance agency is a flexible career option which can be pursued on a part-time basis while doing another job. You don’t have to go to any office and work at a 9-to-5 job as an agent.

Is LIC agency a good option for Freshers?

LIC agency can be taken up even by already employed professionals as it’s a very flexible part time job. Home makers, retired individuals and freshers too can take it up. Part time LIC agency can provide income like in a big business and security, rewards and benefits like in a government job.

Can I become an agent if I have a full-time job?

Yes you can. Your current employer should not have any objection to this. But if you want to make a career as an agent then you need to come into this full time. Start by working part time, then build up a renewal income equal to the amount of the present salary drawn from your current job, quit the job, start full time.

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What is the salary of LIC agent?

Lifelong income: LIC pays you the commissions on premiums for policies you sold long after you retire. Some LIC agents earn between Rs.1.2 million to Rs.1.5 million per month, which is higher than the best paid job in India. You can also sell LIC policies by opening an online agency.