Become LIC Advisor
Why Insurance agency as a career and why it is supreme amongst of all careers?
- Its the only career where you can write your own pay cheque
- Every new sale add to your future earnings
- It constantly improves your skills, public speaking skills,human relation skills
- It enhances your attitude Makes you meet all kinds of people.
- Helps you to set high standards of behavior and performance.
- It helps you to achieve your dreams goals and ambitions in your life.
- It gives you tremendous personal power
- It gives you tremendous satisfaction of doing social service
- LIC agency is considered today as the highest paid profession in the world.
- It also provides you with the Royalty Income.
- You can start your own Business with less Capital Investment.
- You have freedom to set your own working hours.
- You have the opportunity to earn as per your potential.
- Your work gets easier and less demanding as your business grows.
Job Description of a Insurance Agent
- Meet Targets. Meet Targets.
- Sales Generation Activities.
- Ensure complete Customer Satisfaction.
- Regular customer Care calls.
- Update on completion activities.
- Daily Weekly monthly reporting of activities.
- Discipline and compliance.
What I Have to Invest?
- Your Valuable Time and Energy.
- Your Goodwill
What I will get other than my commission?
- LIC offers various club memberships through which number of facilities are provided to Insurance Agent
- DM Club Membership
- BM Club Membership
- CM Club Membership
- ZM Club Membership
- MDRT
- COT / TOT / Galaxy
What other activities can I do ?
- Financial consultant and advisor.
- Investment Consultant
- General Insurance Advisor
- Health Insurance Advisor
Eligibility to become LIC Agent
- Your willingness to work hard and earn more is the most important factor.
- Minimum Age: 18 Years (No Upper Age Limit)
- 4 Photographs
- Photostat copy of 10th, 12th / Graduation certificate
- Photostat Copy of Aadhar and PAN Card
- Cancelled Cheque
What should I have to join LIC?
- Preferably your Own Vehicle.
- A Smart Phone.
Training before joining as an LIC Advisor?
- Basic training is if 25 hrs can be taken in a classroom or Online.
- Provide you with practical training after your passing the exam.
- Skill Development Guidance
- Technical Support
- Liaisoning
Who can be LIC Agent?
- College Boys/Girls
- Businessmen
- Housewives
- Salaried Person
- Unemployed
- Retired Persons
- Software Professionals
- Bankers
- Doctors
- Engineers
Market Potential
- Low Insurance penetration
- Low insurance density
- Low share of world premium
- High per capita savings
- Increase in working population
- Growth in personal income
- High consumer awareness
- Strong LIC Brand
- Out of total Insurable Population in India only 40% are covered till now and they are not adequately insured
- Only 20% are Professional Agents and they bring 80% Insurance Business and get commission
- In the year 2020-21 L.I.C has paid 22,170.64 crore as commission to Advisors
- Through meticulous training and guidance you will earn Rs.1 lakh per month in 3 years of duration and occupy top position in LIC.
| Market Share - Source IRDA Annual Report 2020-21 | |||||
|---|---|---|---|---|---|
| Company | NOP | Premium | |||
| LIC | 209.75(Lakh) (75.57%) |
4,03,286.55 (Crore) (64.14%) |
|||
| Private | 71.52(Lakh) (24.43%) |
2,25,444.48 (Crore) (35.86%) |
|||
