Everyone should have at least one insurance policy but it is not so in India. The sector has not been able to register even a normal growth course yet and expected to continue growing by approximately 15% or more every year. It therefore is an attractive employment opportunity for new entrants. One of India’s top insurance companies, LIC is hiring candidates to recruit as LIC agents in the city of Varanasi and it’s nearby locations such as Baragaon, Gaur, Bhadohi, Mirzapur, Sadat, Mariahu, Gyanpur, Jaunpur and Ghazipur etc.
So far as the job profile of an insurance agent or LIC agent is concerned, it involves meeting new people and informing them about the types of insurance policies and helping them choose one as per their income and future benefits. Insurance agent then submits required documents and gets the policy activated from the respective branch. The customer starts receiving regular messages automatically whenever a premium is due and acknowledgement when it is paid. However, an agent should keep in touch with the customer for the sake of business relations.
Insurance Institute of India conducts an examination on behalf of IRDA to provide license to insurance agents. Basic qualification to become an insurance agent is schooling upto 10th and age above 18 years. Candidates possessing this basic qualification can apply online here. We will convey your interest to the concerned development officers who would contact you and take you further in the process.
Insurance agents enjoy freedom of working at their own convenience without any compulsion of working at fixed hours that they have to usually do in any other job. Insurance advisors or insurance agents can plan their working hours depending upon the availability of their customers and do their work home or field itself.
Become an LIC agent or LIC representative in your city or area, work as an independent agent of the company or run your own agency, work part time or full-time and start additional income, extra income, second income. You can register or apply online. Learn about salary, vacancy, recruitment, 2020, 2021, requirements, benefits, qualification, eligibility, and career prospects online here. Become an LIC agent, apply online.
LIC insurance advisors get 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).
Besides above, a successful LIC agent avails of rewarding career, supportive team, attractive emoluments, independent working, excellent training, infrastructure support and many other benefits.
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.
Life Insurance Corporation is recruiting agents in Varanasi and it’s nearby locations such as Baragaon, Gaur, Bhadohi, Mirzapur, Sadat, Mariahu, Gyanpur, Jaunpur and Ghazipur etc. Anyone above 18 years of age and educated upto 10th is an eligible candidate. If you are the one looking for a good job in the insurance industry, you can fill in the form given here with necessary information. We will forward this information to a concerned officer of the company who would direct you through the selection process.
Frequently Asked Questions by Candidates willing to join LIC of India as Insurance Agent in Varanasi
How can I become an LIC agent in Varanasi?
Simply submit the form given above or call us at 9044336644 to join LIC as an Agent in Varanasi 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 Varanasi?
If you want to join LIC in Varanasi 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 Varanasi?
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 Varanasi?
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 Varanasi who have years of experience. They will groom you, train you and make you a successful LIC agent in Varanasi. They will always guide you and teach you on various methods to achieve various targets, club memberships, MDRT and other rewards and recognitions.