If you are searching for a job in or around the city of Meerut, chances are you would like to grab this opportunity. One of the largest insurance companies in India, LIC is recruiting candidates as insurance agents or insurance advisors for Meerut and its nearby locations such as Hapur, Ghaziabad, Muzaffarnagar, Noida, Delhi, New Delhi, Sonipat and Faridabad. If you want to know more about the job, here it is.
The good thing about the job of LIC agent is it's equally available for all the individuals. The company does not require any prior experience or higher educational qualification for the persons. The basic qualification required by the company is 10th pass and age above 18. There is no restriction of becoming free from other occupations or having any kind of prior experience.
LIC does not discriminate among the candidates such as cast, color or creed. Selection is based on the success in the examination conducted by IRDA. It's a simple examination which one can pass without any difficulty. You will receive complete training and necessary guidance to appear and succeed in the exam by the concerned officer of the company.
The company allows its advisors to decide their own working hours without any compulsory schedule. There are many people who work as an insurance agent along with other full-time jobs or occupation and set their own priorities. Once selected, new entrants are advised to complete their training and keep in touch with their respective Development Officer, join in group meetings to be able to learn how other members of the team are performing and what the problems they are facing and what can be the solution for the same. Thus, the company helps at every level of process to the agents and encourages them to grow their income to a new level.
The job of an LIC agent is an easy and interesting one. It involves meeting persons and helping them secure their future and that of their family members’ too, by way of a regular saving. An insurance advisor visits people, assesses their income potential and future requirements and suggests them a suitable insurance plan which would render them sufficient amount on maturity or insured amount with added bonus and other benefits to the nominee in case of death of the insurer.
Regarding benefits that LIC offers to its agents, the company offers 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, reimbursement of office expenses, 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).
There is more to add. The company also promises a rewarding career, supportive team, attractive emoluments, independent working, excellent training, infrastructure support, club memberships etc.
If you are still not sure what or how much all this can exactly be, just look at the list of successful LIC agents here and their income. You will be surprised to see the voluminous rewards that they have earned by becoming an LIC agent. This can be yours too. You can apply online here.
Whether you are an unemployed, a fresher, Self-employed, College students, House wives, Tax Practitioner, Sales/Marketing Professionals, Brokers, Teachers, Bankers/Loan Providers, Accountants/Chartered Accountants, Consultants, Businessmen, a retired person or just anything else, you are an eligible candidate to apply for the post of LIC agent.
LIC is recruiting agents in Meerut and its nearby locations such as Hapur, Ghaziabad, Muzaffarnagar, Noida, Delhi, New Delhi, Sonipat and Faridabad. If you are a candidate, you can apply here. Even if you have some other targets for life, you can start earning immediately with LIC and chances are you would be thankful that you did it.
Frequently Asked Questions by Candidates willing to join LIC of India as Insurance Agent in Meerut
How can I become an LIC agent in Meerut?
Simply submit the form given above or call us at 9044336644 to join LIC as an Agent in Meerut 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 Meerut?
If you want to join LIC in Meerut 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 Meerut?
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 Meerut?
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 Meerut who have years of experience. They will groom you, train you and make you a successful LIC agent in Meerut. They will always guide you and teach you on various methods to achieve various targets, club memberships, MDRT and other rewards and recognitions.
