Agra, one of the most famous cities in India and the fourth most populated city of the state of Uttar Pradesh is one of the major tourist destinations of the country.
Agra is the second most self-employed city in India where 431 out of 1000 people are self-employed. A large part of the population depends upon agriculture followed by leather and footwear sectors. LIC, one of the top insurance companies in India is hiring agents for serving in Agra and nearby towns viz. Tundla, Sadabad, Baldeo, Khairagarh and Firozabad.
Insurance sector continues to be among the top job providers in the country. Insurance industry is growing at a speed of approx. 15% in the country. Insurance industry is an underserved industry in India today hence is expected to generate a huge number of jobs in coming time. Life insurance is also growing faster along with other types of insurances such as motor insurances, health insurances, travel insurances, property insurances etc. Therefore there is bright prospect for persons willing to build a career in this sector.
Life Insurance Corporation of India, one of the leading insurance companies in India is hiring agents in the City of Agra and nearby locations. LIC is the most successful insurance company in the life insurance sector in both urban and rural India. The primary insurance products of the company include Life Insurance, Education Plan and Pension plans among others. Success of LIC depends upon the contribution of its agents in the form of new business they acquire. In turn, LIC rewards them with attractive emoluments and commissions. Interested candidates can apply online by filling up the form given here.
Job of an LIC agent is very simple which anyone can easily learn and execute. Besides all required training and development support is available at every stage of process. Therefore anyone willing to become an LIC agent need not worry about the job requirements. The prime responsibilities of LIC agents include making people aware of the importance of insurance in their life and suggest them a suitable insurance plan depending upon the income and expenses of both present and future.
In most of the cases, income of an insurance agent depends upon his/her own performance. This is so because most of the companies offer a fixed percent of premium amount in commission to the agent who has sold that particular policy. The insurance agent keeps receiving commission every time a premium under that policy is paid. Thus an insurance policy becomes a source of life-time income for its selling agent. A good agent can sell multiple insurance policies every month and earn a hefty amount in commission in turn. Besides, some insurance companies also offer a fixed emolument, over and above commission, to its agents. LIC is one of them. Just have a look at the benefits LIC offers to its agents:
Who can apply:
Anyone can become an LIC agent in India if she/he fulfills the basic criteria set by the company. LIC has set very minimal requirements for the post of LIC agents which any individual can easily fulfill. LIC allows you to work as an agent along with any other occupation you might be or may want to be engaged in. Everyone including fresher, student, employed person, unemployed person, housewives, widows, mothers, working man and woman or any professional, trader or business person can become an LIC agent.
The qualification criteria for selection of LIC agents, as decided by the company, include 18+ years of age + passing of 10th class. Interested candidates who possess both the said qualifications and residing in or around Agra, Tundla, Sadabad, Baldeo, Khairagarh and Firozabad can apply by filling in the form given here.
Frequently Asked Questions by Candidates willing to join LIC of India as Insurance Agent in Agra
How can I become an LIC agent in Agra?
Simply submit the form given above or call us at 9044336644 to join LIC as an Agent in Agra for a rewarding career that gives handsome commission, royalty based income, gratuity, awards and recognition and many more. LIC offers very attractive emoluments and lucrative commission structure to the deserving candidates. There are many other performance based incentives for the promotion of candidates.
How much does an LIC agent earn?
There are many assumptions about the salary of LIC agents. Though an LIC agent does not get a fixed salary but he can earn more than a doctor or an engineer or a lawyer or any other professional. There are thousands of LIC agents who earn in lakhs per month. 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. Besides salary, an LIC agent becomes eligible for several lucrative perks with the growth of his/her business. Some of the benefits include club membership, low/no interest loan, free insurance cover, gratuity and many more.
What is the minimum target for LIC agent?
The beauty of LIC Agent profile is that you yourself decide your target. You decide how much you want to earn per month or per annum. Once you decide your earning, calculate the total premium you need to generate on monthly basis to achieve your earning. For example, if you want to earn one lakh rupees a month, you need to sell insurance policies for 20,000/- premium. You can either sell one policy of 20,000 monthly premium or 4 policies of 5000/- each or 20 policies of 1000 each. This way you decide your own targets.
However, to survive your agency code, you need to do minimum 12 policies of any amount or 6 policies and 50,000/- premium or 1 Lakh premium in a year.
What is the commission of an LIC Agent?
Commission varies on various factors eg. Single premium policies give you 2% commission, regular policies upto 15 years PPT give you 28% commission and regular policies having 15+ year PPT gives you 35% commission. In the subsequent years, you get 7.5% commission in the second and third year, and from 4 th year onwards you get 5% commission till the policy premium term.
How can I apply online to become LIC Agent in Agra?
If you want to join LIC in Agra to earn a handsome income for life, submit the form given above or call us at 904433664. Candidates willing to become LIC Agent can apply online. Yes, now the process of LIC Agent Registration is available online. In fact the entire process of selection is conducted online only.
What is the Salary of an LIC Agent?
An LIC Agent does not get a fixed salary as such but he earn a handsome commission by way of commission on the insurance policies he sells. The commission is paid twice in a Month ie. On 1 st of every month and 16 th of every month. In the beginning, it may not come to as a salary but as you grow your career in insurance, you start getting the recurring commission for the policies you have done in the past. That way, you start getting a fixed remuneration every month which keeps growing as you generate more business month by month.
Is LIC agent a good career?
Like any other profession, LIC agency career also requires dedication, hard work, consistency, punctuality, customer service, achieving the targets, setting the new goals. Successful LIC agents of India earn in crores every year, to name few Mr. Bharat Parekh, Mr. Venkatesh Rao and many top agents of LIC of India earn in crores and have achieved a very good career as an LIC Agent.
Can I join LIC as part time agent in Agra?
Yes, if you are already working somewhere or a professional, you can join LIC as a part time agent. Initially, most people join LIC as a part time and gradually once their income gets stabilized you start it as a full time agent. It is completely your decision when to make it as a full time career. An accountant would keep his agency running on part time basis only. However, as an LIC agent when you start earning more than your full time job, you should quit that job and join LIC as full time agent.
Can a government employee become LIC Agent?
No, a government employee cannot become an LIC Agent, but if you want to earn a second income by joining LIC as an agent, you can take the agency code in your spouse name or any relative’s name.
Can a Chartered Accountant join LIC as an Agent?
Due to code of ethics, a Chartered Accountant cannot become an LIC Agent, but if he wants to earn a second income by joining LIC as an agent, he can take the agency code in his spouse or relative’s name.
Who are Development Officers and who will train me in Agra?
Development Officers in LIC are gazetted officers who not only train you but also act as a mentor in your career growth in LIC insurance. We assign you with top and experienced LIC Development Officer in Agra who have years of experience. They will groom you, train you and make you a successful LIC agent in Agra. They will always guide you and teach you on various methods to achieve various targets, club memberships, MDRT and other rewards and recognitions.