How can I approach in LIC?
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How can I approach in LIC?
As mentioned earlier, to become a LIC advisor, you need to contact a DO (Development Officer) of LIC, enrol under him, appear for 25 hours of mandatory insurance advisor training and then pass the IC38 exam conducted by the IRDA to get an insurance advisor license.
Can LIC agents promote?
If you are an LIC agent already or the one applying for and wondering if an agent can also become a Development Officer in the company, the answer is ‘yes you can. ‘
How can I improve my LIC agent?
7 Tips to Be Successful in LIC As Agent
- Communication: Listen More, Talk Less-
- Don’t Sell Plans, Provide Solutions.
- Highlight Unique Selling Points (USP’s)
- Leave Something to Remember You.
- Ask for Referrals.
- Set Goals and Deadlines.
- Give Time to Yourself for Skill Enhancement.
Is it good to become LIC agent?
1] Joining A Successful Team: By joining LIC as agent, one will be a part of the country’s finest team of life insurance Agents. 2] Attractive Remuneration: LIC offers one of the best remuneration systems in the industry that not only takes care of your current earnings, but also guarantees an earning for the future.
How much commission does a LIC agent get?
Though, Agents earn the commission for the policies they sale. LIC offers 25\% to 35\% commission on the policy premium for the first year, then 7.5\% for 2nd & 3rd Year + 5\% till the policy maturity.
How can I get LIC customers?
5 Ways for New Insurance Agents to Gain Customers
- Look Professional. If your office looks shabby and so do you, you’ll lose trust of potential customers almost immediately.
- Partner with as many carriers as possible.
- Use your customers for referrals.
- Sell multiple products.
- Partner with a local real estate agent or office.
Do LIC agents get stipend?
LIC Agent also gets a monthly stipend of INR 80 to 90 lakhs per year from LIC. This is due to the high cost of living in metro cities of India. The agent gets 35 percent of premiums paid during the first year by life insurance policyholders.
Is LIC a government job?
LIC(Life Insurance Corporation of India) conducts an exam namely LIC ADO to fill in the vacant posts for ADO in their offices. It is a government job with a healthy salary package of nearly Rs 45,000/- per month.
Who is the highest paid insurance agent in India?
Lachman Das Mittal is among 828 individuals with wealth of over Rs. 1,000 crore: IIFL Wealth Hurun India Rich List 2020.
Why is LIC successful?
The biggest positive for LIC is its huge assets under management (AUM) of ₹27.6-lakh crore (according to IRDAI FY19 annual report), way above HDFC Life (₹1.2-lakh crore), ICICI Pru Life (₹1.57-lakh crore) and SBI Life (1.39-lakh crore). LIC’s strong agency network is another factor that can help drive valuations.
Should you be worried about LIC agent job?
But there is nothing to really worry about. Thanks to Life Insurance Corporation of India or LIC, you can simply work as the LIC agent and make money. And making money is not the only attraction to become LIC agent: you also get attractive salary, commission and perks like lifetime pension and membership to exclusive clubs.
How much Commission does an LIC agent get on a policy?
During the next two years of selling a policy, the agent will get a commission at the rate of 7.5 percent of the total annual premium that a LIC life insurance policyholder pays. From Year-4 of policy, the agent will get five percent of the annual commission paid to LIC by the person whose life he or she has insured.
What is the role of LIC agent?
LIC agent is a woman or man that promotes life insurance and other insurance policies floated by the Life Insurance Corporation of India (LIC). Currently, LIC offers various types of life insurance plans. Means, you will promote these financial products from LIC within and outside your social circle.
How to prepare for LIC Agent Exam?
One needs to complete at least 100 hours of study before appearing for the LIC agent exam or the Pre Recruitment Test. This exam is called Pre Recruitment Tes or the LIC agent’s exam. The characteristics of the exam are given below: This exam is of 60 minutes in duration.