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Become LIC Agent in Gurgaon and Sohna

  • Offer Ad
  • October 27, 2016
    Date Posted
MANVENDRA SINGH

Become LIC Agent in Gurgaon and Sohna

Additional Information

Tags LIC Agent Gurgaon
Published in Online
Experience Less than 1 Year
Salary 8 Lacs - 10 Lacs
Type of Job Part Time
Company Name LIC Of India
Function Sales & Business Development
Designation Agent
Education Under Graduate
Type of Company Company
State Haryana
City Gurgaon
Location Sohna road

Ad Description

One can work as part time or full time and earn commission on selling life insurance policies. The commission on policies sold is paid every year till the premiums of the policy sold by the agent are paid.
First year commission and bonus for a policy sold is 35 %(for endowment and whole life policies) to 21%(for money back policies). Second and third year for same policy it will be 7.5% to 10% and fourth year onwards till policy term it will be 6 to 5%.
For Example an agent sells a 30 year old person a NewJeevan Anand Policy for 5 Lac Sum Assured and premium term is 16 years. The premium for that particular data will be Rs.38047 yearly. The agent will get Rs. 13316 as first year commission-bonus, Rs.2854 as second n third yr commission and Rs.1902 from 4th to 16th year. So on selling this single policy he/she gets total Rs 43750 as commission.
In that way your income increases after each passing year. You get the commission for current year business and renewal commission for past year business. The commission is issued every fortnight.
You can sell policies any where in India. You can sell policies to your friends and people of your social circle since life insurance is the need for everyone and its demand increases every year. LIC has a very good brand image in terms of claim payments and services through its network all over the country.
MBG: One need to procure at least 12 policies on different lives with total 100000 premium in an agency year to avoid termination.
I advise you to apply only if you are willing to work regularly ie at least 1 hr a day.
To get the licence you will have to clear a test and then a Licence will be alloted to you. I will provide you the book and form. There will be 50 objective type of questions in the test and its very easy to clear it.
Requirements:
1-Copies of -matriculation certificate/ marksheet and last educational qualification certificate and Pan Card
2-6 coloured passport size photo graphs
3-Rs. 7

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