One of the most developed cities and former capital of Gujarat, Ahmedabad is known for its rich business environment and cotton textile production. Ahmedabad is also known for diamond cutting industry.
Insurance is a very useful and essential part of life today and almost every individual buys some kind of insurance at least for once in life. There are many insurance companies offering services in Ahmedabad. Life Insurance Corporation of India or LIC of India is tops among the leading life insurance services providers in Ahmedabad. LIC sells a wide range of insurance products such as life insurance, education plans, saving plans, pension plans, health plans etc.
LIC is recruiting agents in Ahmedabad and surrounding areas such as Motera, Chandkheda, Ranip, Chandlodiya, Ghatlodiya, Bhat, Koba, Ambapur, Navrangpura, Vastrapur, South Bopal, Prahlad Nagar, Gyaspur, Sanathal, Naroda, Hanspura, Asarwa, Saraspur, Khadia, Maninagar, Piplaj, Narolgam, Isanpur, Keshavnagar, Vatwa, Ramol, Vastral, Amraiwadi, Khokhra,Nikol, Kathwada and other areas of Ahmedabad. If you want to know more about the company or the benefits it offers to its agents, keep reading.
Those who want to apply for the post of LIC agents in Ahmedabad and surrounding towns, can fill in the form given here:
As it has been said above, the insurance industry is growing fast in India. This is still one among most scantily served industries in the country denoting huge scope of growth in the future. Experts suggest the insurance sector to keep growing year by year at the rate of 14 to 15%. Considering the given growth potential a large number of vacancies are expected to emerge in the sector very soon. Insurance companies offer very good emoluments and incentives to its representatives in the country.
LIC is recruiting agents in Ahmedabad. An insurance agent is meant to meet any proposer and explain him about the importance of insurance for him/her and suggest a suitable insurance scheme to the person covering his future needs and based on his present earning and saving potential. Job of an insurance agent is very flexible which anyone can join and along with present occupation or household chores.
Insurance is said to be an essential product which every individual should buy to save money for future and provide security to his own family in case of an unfavorable event. While the job of an LIC agent is beneficial to its buyer, it is a lucrative career option or its agents too. LIC agents can earn attractive perks and regular commission for the entire tenure of the policy they sell. Thus it is something like sowing a seed for once and enjoying fruits for life. Given below are some of the key benefits that an LIC agent is entitled to:
Who can apply:
There is no restriction of any kind for the candidature of an LIC agent. Anyone willing to add a new source of income to his existing job or profession or want to join a new full-time job for himself can apply for the post of LIC agents. Any individual working as a clerk, sales man, sales girl, store keeper, computer operator, accountant, receptionist, lawyer, chartered accountant, company secretary, RTO agent, financial service provider can apply for the post.
Candidates willing to apply for the post of LIC agents in Ahmedabad need to be 18+ years of age. The candidates should have passed 10th class from any recognized boards in India. Vacancies are open in Ahmedabad and nearby areas such as Naroda, Sarkhej, Adalaj, Sanand, Gandhinagar, Kalol, Dahegam, Mahemdavad, Kheda, Dholka, Kadi, Mahudha, Mansa, Nadiad, Sojitra.
Frequently Asked Questions by Candidates willing to join LIC of India as Insurance Agent in Ahmedabad
How can I become an LIC agent in Ahmedabad?
Simply submit the form given above or call us at 9044336644 to join LIC as an Agent in Ahmedabad 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 Ahmedabad?
If you want to join LIC in Ahmedabad 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 Ahmedabad?
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 Ahmedabad?
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 Ahmedabad who have years of experience. They will groom you, train you and make you a successful LIC agent in Ahmedabad. They will always guide you and teach you on various methods to achieve various targets, club memberships, MDRT and other rewards and recognitions.