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Why with us ?

In Chennai, there are more than 1 lac LIC agents, but only 5 to 10 percent agents are successful. This is not because they are not capable of doing this business, but they didn't receive proper guidance or support from their mentor under whom they joined. As we all know, it is not at all an easy job at all in the beginning.

ELIGIBILITY

Candidate's age should be 18 years completed.The person applying for lic agency should be atleast 10th pass or equivalent and Documents required are 2 passport size photographs, Pan card, Address proof, Govt. employees, CAs and Lawyers can not apply on their own name but can apply on the name of their spouse or any family member.

What I Gain ?

Satisfaction You will be helping people in fulfilling their financial goals. This way, you will make their life more easy and pleasant. It's more than just satisfaction for the agent. Finest team Join us, and you will be a part of the finest group of insurance agents. LIC produced largest number of Million dollar round table members.

Opportunities

The domestic life insurance industry registered 19.2 per cent y-o-y growth for new business premium in 2017, generating a revenue of Rs 1.23 trillion, largely due to the high growth in the individual non single premiums policies. Individual single premiums received increased from US$ 0.16 billion in 2015 to around US$ 1.02 billion in 2016.

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Benefits of a LIC Agency

Reputed Club Memberships

Agents are the backbone of LIC of India. The agents have therefore to be nurtured and cultivated to grow up in the profession, acquiring sufficient knowledge, skills and competence to discharge their duties effectively towards policyholders and clients.In order to promote professionalism amongst a larger number of agents and to enhance insurance coverage at a faster pace, Distinguished Agents’Clubs at Branch Level have been formed w.e.f. 1.4.1999.

Earnings

LIC provides lucrative remuneration to its agents, as agents are the backbone of LIC and helped LIC to grow immensely over the years. First year commission - upto 35% of 1st year Premium, Renewal commission- upto 7.5% (2nd year and 3rd year),Renewal commission - upto 5% of 4th year onwards.For single premium policies - upto 2% Agent sells a policy to a customer, then the agent will get 1st year- 35% of 50000 = 17500/- 2nd year- 7.5% of 50000 = 3750/- 3rd year- 7.5% of 50000 = 3750/-

World Wide Recoignition

MDRT members demonstrate exceptional professoinal knowledge, strict ethical conduct and outstanding client service.MDRT membership is recognized internationally as the standard of sales excellence in the life insurance and financial services business.economist, advising them about the need and necessity of insurance and one who devises plans to meet their needs.MDRT conduct annual meetings which are held in North america, as well as in Asia each year, which is open to all members.

Other Benefits

There are so many benefits other than club member benefits to LIC Agents. 1). Gratuity: You must have not seen any business which guarantees gratuity payment. But in this profession LIC takes care of that, as there a guaranteed gratuity payable to every agent who have completed 15 years of service and completed 60 years of age. At present, the amount of Gratuity is Rs 3,00,000/- which going to increase in near future.

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