Insurance industry is growing everyday with the rapidly increasing awareness among individuals and the necessity of insurance. The demand for life insurance is growing fast in Amritsar and, considering huge growth potential, LIC is appointing LIC agents in Amritsar. Anyone, be it fresher, working or retired person, can become an LIC agent. Even unemployed persons willing to join a progressive career opportunity can fill in the application form given here.
LIC offers a galore of opportunity to its agents. The first and biggest benefit that the job of an LIC agent comes with is no bar of working hours, besides no restriction of doing any other job or activity, no age of retirement are the add-ons. Even retired persons can join in. As you progress in the career, LIC offers multiple benefits such as interest-free or interest-less loan for office equipment, housing loan, car loan etc. Keep reading for a brief list of benefits that LIC offers to its agents.
The list of performance based promotional benefits that LIC offers to its agents is long. Some indirect benefits include no age for retirement, no fixed working hours, no extra cost to be charged from customers so it works like a social service to the benefit of proposers. LIC pays you a very attractive commission on every policy you sell to others. Some other important benefits include:
Who can apply:
Every individual who fulfills the eligibility criteria given below can apply for LIC agency. You can be a marketing person, accountant, tax consultant, administration professional, a lawyer, a doctor, a teacher or a trader or retailer or an employee somewhere. LIC allows its advisors to work for LIC along with existing jobs or professions. Following people can join LIC in Amritsar to become LIC Agent:
LIC is an equal opportunity employer and does not discriminate in terms of gender, cast, color or ethnicity. Anyone above 18 years of age and 10th graduate can apply to become an LIC agent.
If you are a resident of the Amritsar city or towns of Amritsar District that includes Ajnala, Attari, Beas, Chheharta, Jandiala, Majitha, Rajasansi, Ramdass, Rayya or Shariffpura and willing to join a full-time or part-time job with unlimited income potential, just fill the form given here and we will contact you for necessary.
Frequently Asked Questions by Candidates willing to join LIC of India as Insurance Agent in Amritsar
How can I become an LIC agent in Amritsar?
Simply submit the form given above or call us at 9044336644 to join LIC as an Agent in Amritsar 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 Amritsar?
If you want to join LIC in Amritsar 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 Amritsar?
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 Amritsar?
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 Amritsar who have years of experience. They will groom you, train you and make you a successful LIC agent in Amritsar. They will always guide you and teach you on various methods to achieve various targets, club memberships, MDRT and other rewards and recognitions.