WANT TO BECOME LIC AGENT?

Recruitment of LIC Agents in Bhopal

The capital city of Madhya Pradesh or the Central India, Bhopal is known for having multiple natural and artificial lakes spread across the city and reckoned as one of the greenest cities in India. Bhopal is a well-developed city measuring optimum at the scale of both industrial as well as social development. Unemployment rate in the city is below the national average. People are hardworking and friendly. A big part of the population is self-occupied.

Life Insurance Corporation of India, formerly known as LIC of India, is the well-known entity in the world of life-insurance in India. LIC is recruiting LIC agents in Bhopal and nearby locations such as Sehore, Raisen and Vidiha. Those who are willing to become an LIC agent in Bhopal or nearby locations, they can just fill-in the form given here and we will get back to you.

Opportunity:

Insurance industry has been growing rapidly in the country with the growing awareness of the importance of insurance among the masses. Earlier insurance agents had to work hard to convince people about the benefits of insurance and buy a policy but things have changed today. Nowadays, people themselves reach out to an insurance agent and seek their advice to choose a suitable insurance plan depending upon their current income potential and future requirements. Thus it is not so hard a proposition for insurance agents as it used to be. This ease of selling insurance is also one of the reasons why more and more people are looking for jobs in the insurance sector.

LIC, the life insurance major in India is hiring insurance agents. LIC offers attractive emoluments and performance based incentives to the agents. This opportunity is open for everyone young or old, working or retired, part-time or full-time or even for week-enders.

The job profile of an insurance agent is meeting people, understanding their requirements, suggesting them a right kind of insurance plan, answering their questions about the insurance plan and helping them subscribe for the same. That’s it.

Benefits:

While LIC is offering fixed emoluments to the agents, they can take their income to any level of heights by giving it the best of their efforts. The more policies an insurance agent sells, the higher his/her regular commission grows. The good part of the story is that the insurance agent sells one policy for once only but keeps receiving commission on that policy till it matures. Every time the policyholder pays his/her premium, the commission of the insurance agent gets added to his/her own account automatically. Thus together it becomes a hefty amount which hardly any other career can match with. Benefits that an LIC agent can enjoy include:

  • Fix emolument + Attractive commission for long-term i.e. 35% of the premium in the first year of the policy + 5% every year till the maturity of the policy.
  • Several performance incentives.
  • Interest free loan for all your needs.
  • Commission to nominee in case of death of the LIC agent.
  • Retirement benefits including pension and gratuity.
  • Club memberships with multiple benefits viz.  BM Club, ZM Club, Galaxy Member, Corporate Club, The Chairman’s Club, etc.
  • International recognition in the form of Million Dollar Round Table (MDRT)

Who can apply:

Vacancy is open for everyone. Freshers, students, house wives, clerks, accountants, lawyers, tax practitioners, retired persons or anyone else can become an LIC agent. There is no discrimination of cast, color or creed or any other type in selection of LIC agents. Even anyone already working somewhere but wants to add another source of income to his portfolio can apply for the post of LIC agent and work as an agent in his/her free time.

  • Self-employed
  • College students
  • House wives,
  • Tax Practitioner
  • Sales/Marketing Professionals,
  • Brokers
  • Teachers
  • Bankers/Loan Providers
  • Accountants/Chartered Accountants
  • Consultants
  • Businessmen
  • Retired person

Eligibility:

LIC is hiring candidates above 18+ years of age, which is a statutory requirement too, with a certificate of passing 10th class at least. No experience is required. So any other qualification or experience is an added advantage to the candidate and improves his/her own chances of income.

Apply for the post of LIC Agents in Bhopal, Sehore, Raisen and Vidisha by filling up the form given here. Do it now!

FAQ

Frequently Asked Questions by Candidates willing to join LIC of India as Insurance Agent in Bhopal

How can I become an LIC agent in Bhopal?

Simply submit the form given above or call us at 9044336644 to join LIC as an Agent in Bhopal 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 Bhopal?

If you want to join LIC in Bhopal 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 Bhopal?

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 Bhopal?

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 Bhopal who have years of experience. They will groom you, train you and make you a successful LIC agent in Bhopal. They will always guide you and teach you on various methods to achieve various targets, club memberships, MDRT and other rewards and recognitions.

Benefits of Becoming LIC Agent