Those looking for a new job or a change in the existing one might find this article useful. Here we are going to share information about a job opportunity which allows you to fix your own working hours, work from home or existing workplace, meet new people, earn handsomely, ensure retirement benefits and posthumous benefits for family and its very reputed, legal and respectable job. Certainly it is not another work-from-home or multi level-marketing gimmick. It is the job being offered by one of the most reputed insurance major in India i.e. LIC of India formerly Life Insurance Corporation of India. And the job is LIC Agent in your area. Keep reading and you will be thankful that you did.
LIC is hiring candidates in Gorakhpur and nearby cities namely Khalilabad, Rudarpur, Maharajganj, Kushinagar, Mehndawal, Kaptanganj, Anandnagar, Hata, Khalilabad, Bansgaon, Maghar and Pipraich. Anyone residing in or around given cities can apply here online for the job. If you have been believing that the typical to and fro of office goers is what describes a good job, you are wrong. The job we are telling you about breaks all rules of traditional nine to five jobs and sets you free to decide your own working hours. It is the job of an LIC agent. The company does not have any fixed working hours for its agents. They work on their own.
Unlike that in other jobs, there are no complicated formalities to be fulfilled by the candidate of LIC Agent. Here we are going to tell information about the LIC recruitment – 2020, 2021 and further necessities about requirements, eligibility, experience, salary, perks. The process is simple and easy to abide by. All you have to do is apply online and wait for the call from a development officer from the company. S/he will take you further in the process.
What makes the job of an LIC Agent more achievable for many is the minimum qualification and eligibility required for the job. While most of the common jobs require both high education and experience from the applicants, LIC wants candidates for the post of LIC Agent to have passed 10th class only. Therefore, it is equally available for almost everyone.
What makes the job of LIC more attractive is availability of the job for already employed persons too. For example unemployed, a fresher, Self-employed, College students, House wives, Tax Practitioner, Sales/Marketing Professionals, Brokers, Teachers, Bankers/Loan Providers, Accountants/Chartered Accountants, Consultants, Businessmen, and even a retired person can also apply for the job of an LIC agent without the need of leaving existing occupation.
LIC of India, the leading insurance company in India, is running a recruitment drive 2020 and 2021 to induct insurance advisors in the city of Gorakhpur and nearby towns namely Khalilabad, Rudarpur, Maharajganj, Kushinagar, Mehndawal, Kaptanganj, Anandnagar, Hata, Khalilabad, Bansgaon, Maghar and Pipraich etc. Those willing to join can apply online here. If you are not sure what benefits this job offers and unable to make a decision yet, keep reading. We are going to share every information about the job.
Some of the benefits that LIC offers to its agents are rewarding career, supportive team, attractive emoluments, independent working, excellent training, infrastructure support, low-cost loans, club memberships, reimbursement of office expenses and more.
So far as income potential is concerned, Fix emolument + Attractive commission for long-term i.e. 35% of the premium in the first year of the policy, 7.5% in the 2nd & 3rd year of the policy and thereafter 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. and above all International recognition in the form of Million Dollar Round Table (MDRT).
Life insurance is among the less served sector in India. More and more agents are required to fill the gap. Companies are offering attractive emoluments and perks to the agents for their performance. Many of the insurance agents are earning much better than their counterparts in other sectors. The income potential of an insurance agent mostly depends upon his/her own performance and only the sky's the limit!
Frequently Asked Questions by Candidates willing to join LIC of India as Insurance Agent in Gorakhpur
How can I become an LIC agent in Gorakhpur?
Simply submit the form given above or call us at 9044336644 to join LIC as an Agent in Gorakhpur 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 Gorakhpur?
If you want to join LIC in Gorakhpur 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 Gorakhpur?
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 Gorakhpur?
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 Gorakhpur who have years of experience. They will groom you, train you and make you a successful LIC agent in Gorakhpur. They will always guide you and teach you on various methods to achieve various targets, club memberships, MDRT and other rewards and recognitions.