LIC Agent - How to become an LIC Agent / Advisor

Most people have their first contact with an insurance company through an insurance sales agent. LIC agents are trained professionals who work for Life Insurance Corporation of India.

LIC agents work as intermediaries between LIC clients and LIC. They are dealing directly with clients and explaining them the different insurance policies offered by LIC.

The main job of an LIC agent is to convince the clients and make them take a policy.

Benefits of LIC Agency (LIC Agent)

1. Flexible working hours. You can work Part Time or Full Time as an LIC Agent.

2. You will get commission based on the premium of policies. As an LIC Agent, you will have unlimited earning potential.

3. A clear career path. You own a business without the any capital investment.

4. You earn as per your potential. Top LIC agents are earning up to Rs. 4 crores per annum.

5. You will be eligible for various loans like Car loan, Housing loan, Two-wheeler loan.

6. Foreign trips.

7. Gratuity.

8. Allowances like office allowance, stationery allowance.

9. You can get advance for Laptop, furniture and festivals.

10. Gifts & Rewards. LIC agents are constantly recognized and rewarded for their performance.

Eligibility Criteria for LIC Agent

Minimum Educational Qualification: Standard 10th pass.

Minimum Age: 18 years (No upper age limit).

Documents required for becoming an LIC Agent

1. Three passport size photographs.

2. Educational Proofs like 10th passed Mark Sheet / Certificate, 12th passed Mark Sheet / Certificate, Bachelor / Degree passed Mark Sheet (if any).

3. Age Proof like school Leaving certificate, Pan Card, Passport, Driving license etc.

4. Address Proof like Ration Card, Passport, Driving license, Bank Statement, Electricity Bill, Telephone Bill, Voter ID etc.

Skills required for an LIC agent

1. A Positive Attitude

2. Thirst for Knowledge

3. Effective Listening Skill

4. Good communication skill

5. Love to meet with new people

6. Patience

7. Ambitious to own a business

8. Dare to Dream Big

Procedure for getting License to work as an LIC Agent

Below is a simple step-by-step process on how to become an LIC agent

1. You need to contact your nearest LIC Branch Office and meet the Development Officer there.

2. The LIC Branch Manager will conduct an interview, and if found suitable, you will be sent to training at Divisional/Agency Training Centre.

3. The training is for 25 hours. The training covers all aspects of Life Insurance Business. It covers the mandatory IRDA training requirements and LIC product-training module.

4. After successful completion of training you will have to appear for Pre-Recruitment examination. This examination is conducted by IRDA (Insurance Regulatory and Development Authority of India).

5. After successful completion of the examination you will be provided an Appointment Letter and Identity Card to work as an insurance agent.

6. You will be appointed as an LIC agent by the Branch Office. Now you will be a part of the team under your Development Officer.

7. Your Development Officer will impart you field training and other valuable inputs which will help you in the market place. Though individual meetings with your Development Officer, you can discuss various issues related to business development and career enhancement.

Click here to apply for an LICAgent

Benefits of Joining LIC as an Agent

Following are the benefits of joining LIC as an Agent.

1. Rewarding Career

You will help people realize their dreams by fulfilling their financial goals. The difference you make to their lives is more rewarding and satisfying than you could ever imagine.

2. A Successful Team

By joining LIC as an LIC Agent, you will be a part of the country's finest team of life insurance Agents.

3. Attractive Remuneration

LIC offer 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. Here, you can set your own income targets with a potential to earn as much as you want for the rest of your life.

4. Independence

As an LIC Agent, you will be a true entrepreneur. You have the freedom to be your own boss: work for yourself, choose your own clients and make your own money. And for this, you don’t have to invest any initial capital.

5. World-Class Training

LIC provide you with the best-in-class training systems, since that is what differentiates LIC Agent from the rest. If you don't have previous experience in selling, LIC's training programme conducted by qualified in-house training personnel, will make you a specialist in selling life insurance products.

6. Commitment to Career Agency System

LIC commitment to the Career Agency System means that, they support you and your efforts not just today, but at every stage of your business. They believe in encouraging their Agents to strive towards the highest levels of success, throughout their careers. In fact, depending on your performance, LIC also offer a management career option with the company.

7. Infrastructure Support

LIC have invested in creating a state-of-the-art infrastructure at each of their Branch Offices. You will have access to the necessary tools, technology and people support that will enable you to build a profitable long-term business.

8. Full Range of Products and Services

AS an LIC Agent, you can offer your customers over 50 product combinations of LIC’s unique Products and Riders, to help them meet all their financial goals. In order to give you a greater competitive edge, LIC is also continuously working on newer and more innovative insurance products.

9. Sales and Marketing Support

LIC support their Agents with innovative sales and marketing tools. The Sales, Promotions and Marketing collaterals that LIC provide will help you take your business to new heights.

10. Financial Strength

LIC offers unmatched financial strength and solidity to you and your customer.

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Thursday, 14 May 2020