career in lic
+91 72088 22646 careerinlic@gmail.com

Why work as a LIC Agent?

  • An exciting opportunity to grow your career and earn money awaits you!

  • Financially Independent

    Earn commissions and Rewards while you expand your reach and grow your business.

    Decide Your Work Style

    Choose where to work, when to work - from your home or office at your pace, on your schedule.

  • Rewards & Recognition

    We recognize performance and reward success through awards, incentives, and various programs held nationally and internationally for MDRTs.

    Change Maker

    A great opportunity to make a difference in the lives of others by helping them Secure and save by choosing the right insurance products and plans.

  • ASHUTOSH MISHRA
    Ashutosh Mishra
  • DEVENDRA MHATRE
    ` Devendra Mhatre
  • PRIYESH SHAH
    Priyesh Shah
  • PUNDALIK NIKAM
    Pundalik Nikam
  • SIDDESH GHADGE
    Siddesh Ghadge
  • UDAY BHUVAD
    Uday Bhuvad
  • UJWALA WAGHMARE
    Ujwala Waghmare

CAREER IN LIC

At Life Insurance Corporation of India, we are encouraging individuals to join LIC of India as a insurance advisor part time or full-time. We encourage professionals to join LIC agency to make use of their professional contacts to increase their income. We encourage business persons to maximise income with use of their business skills., we encourage housewifes to make best use of their time to earn more income, and we encourage our youngsters to use their energy to crate future income.

Opportunity starts here

  • Free training and seminars
  • Zero investment
  • Regular & attractive earnings
  • Flexible work hours
  • Financial growth
  • Social and professional recognition

Process to become a LIC Agent

To become a LIC Agent in Mumbai, you need to complete the simple process of:

  1. Application
  2. Documentation
  3. Preparation
  4. Examination
  5. License

Application for LIC Agency

You need to apply for LIC agency with proper documentation given as below and filling of application form given by us. You can visit LIC branch office for it or you can fix appointment with our team members at your work place or at your home at your convenient time to complete process.

Documentation FOR LIC AGENCY

While meeting us please carry a photocopy of these documents for your easy registration. These documents are necessary for examination and for the license to become LIC agent.

  • 4 Colour Photos
  • Age Proof
  • School Leaving Certificate
  • S.S.C Marksheet
  • H.S.C. Marksheet
  • Graduation Marksheet
  • Pan Card
  • Address Proof
  • Cancelled Cheque

Fee structure for examination:

Registration Fee Rs. 150
Online training Rs. 150
Online exam fee Rs. 500
Total Fees Rs. 800

You need to pay total fees of Rs. 800 to become a LIC agent, but if you solve these 5 questions correctly then you need not pay any fees.

Preparation

You need to complete online or offline training of 25 hours for examination.

  • We will provide you study material with the necessary training.
  • Training will be held offline or online as per your convenience.
  • You will receive a training certificate from LIC after completion of 25 hours of training.

Examination

After successful completion of training, you need to give an online examination conducted by the Insurance Regulatory and Development Authority (IRDA).

You will clear the exam after securing the required passing marks - 17/50

License

After successful completion of the examination, you will be awarded an Appointment Letter by the IRDA to work as an insurance agent.

You will be appointed as a LIC Agent!

Benefits of becoming a LIC Agent

The work is difficult so it is worth doing. And if you put your efforts into it, you will definitely achieve good Results. Some Of the major benefits of your work as insurance advisor will be:

Commission and Renewal Commission

First Commission on sales

Under standard tables and terms, you are paid 1st year's commission of 25% of the first year's premium paid by the policy holders.

Bonus Commission

You are entitled to bonus commission at the rate of 40% of the eligible first year commission provided you fulfil certain requirements as to total first year's premium secured and number of lives you have insured in your agency-year.

Renewal Commission

The agent is paid 7.5 per cent of the amount paid by the policy holders (under standard tables and terms) as the second as well as the third year's premiums and continues to be paid renewal commission of 5% on every year's premium paid from the fourth year onwards. Renewal commission is payable on renewal premium. Hence, you should ensure that your client keeps the policy in force. If you remind him to pay premiums, you will be rendering a good service to him.

Hereditary Commission

In case of agent's death while his agency subsists, after agency was in force for two years or over, renewal commission will continue to be payable to his heirs or nominee provided there was a business of not less than Rs. 1 lakh in force at the time of death.

Guaranteed Income Benefit

In the event of termination of agency because of non-performance, any time after five agency years but before completion of 10 agency years, the renewal commission continues to be payable provided you had nominal business of at least Rs. 2 lakhs in force one year before cessation of agency. This condition is waived in the event of cessation after the agent has worked for ten years or more. Increasing Income Renewal Commission Term Insurance

Increasing Income Benefit

With the above recurring income-feature of the insurance compensation your income goes on steadily increasing every year. Each succeeding year's new sales add to the renewal commission on the previous year's business. Your renewal commission will grow faster every year, if with increasing expertise, you do more and more business as years roll by.

Retirement Benefit

Gratuity upto a maximum of Rs. 2,00,000/- is payable under Schedule VI of the (Agents) Rules, 1972 provided the agent has completed the business guarantee for at least 15 years called as “qualifying years”.

Term Insurance Benefit

Free family protection: Free term insurance is payable under Schedule VI of the (Agents) Rules, 1972 in the event of death of a confirmed agent before age 60 provided among other conditions:
(a) he was appointed before age 50
(b) he has completed at least 3 “qualifying years”
(c) his agency was in force on the date of death, and
(d) he holds an insurance policy (other than a temporary insurance policy) for at least Rs. 5,000/- at the time of death.

Club Membership

Being a member of the club carries a good deal of prestige as it provides concrete evidence in the eyes of the insuring public that you are working with a spirit of devotion, dedication and professionalism in serving the insuring public. It also entitles you to various fringe benefits according to the membership of different clubs, as following -

  1. Corporate Club
  2. Chairmans club
  3. Zonal managers club
  4. Divisional managers club
  5. Branch managers club

Fix an Appointment to discuss it.

Get in touch with us

  1. LIC Branch 909 5th floor, Bombay Mutual Terrace, Charni Road East, Mumbai, Maharashtra 400007
  2. +9172088 22646
    (SBA Gaurav Bailbhare)
  3. careerinlic@gmail.com

Apply to become a LIC Agent

Blogs

FAQs on LIC Bima Sakhi Yojana

What is the Implementing Authority of Bima Sakhi Yojana?

LIC (Life Insurance Corporation of India) is the implementing authority of the Bima Sakhi Yojana.

What is LIC Bima Sakhi Yojana?

The LIC Bima Sakhi Yojana is an initiative by the government to promote women’s empowerment by appointing eligible women (aged between 18 and 70 years) as volunteer insurance agents (also called Bima Sakhis).

What is the Age Criterion for Applying for LIC Bima Sakhi Yojana?

The minimum age for applying for the LIC Bima Sakhi Yojana is 18 years (as of the date of application). On the other hand, the maximum age in this regard is 70 years (the applicant’s last birthday).

What is the Duration of LIC Bima Sakhi Yojana?

The duration of this scheme is three years.

What is the Minimum Educational Qualification to Apply for LIC Bima Sakhi Yojana?

The applicant must be 10th grade passed in order to apply for the LIC Bima Sakhi Yojana.

Who Cannot Apply for LIC Bima Sakhi Yojana?

The following individuals cannot apply for the LIC Bima Sakhi Yojana:

  • Any relatives of an existing LIC employee or LIC agent- relatives refer to the spouse, children (including stepchildren and adopted children), parents, brother, sister, and immediate in-laws
  • Any Existing LIC agent
  • Any ex-agent or retired employee of LIC
What is the Stipend in LIC Bima Sakhi Yojana?

The stipend amounts for the LIC Bima Sakhi Yojana for the first, second, and third-year are ₹7,000/- per month, ₹6,000/- per month, and ₹5,000/- per month respectively. Moreover, a commission other than bonus commission would be added to these stipends.

What are the Documents Needed to Apply for LIC Bima Sakhi Yojana?

Applicants require self-attested copies of address proof, age proof, and certificate of educational qualification to apply for the LIC Bima Sakhi Yojana.

What will be the Target of the LIC Bima Sakhi Yojana?

Each volunteer insurance agent or Bima Sakhi will have to ensure at least two people per month and 24 people in a year. However, if a Bima Sakhi can complete more than the mentioned target, they would receive additional commission with the specific stipend.

What is the Goal of LIC Bima Sakhi Yojana?

The goal of the LIC Bima Sakhi Yojana is women’s empowerment by training 1,00,000 women in a year to ensure best-in-class employment opportunities to enable women to become LIC insurance agents. The LIC Bima Sakhi Yojana aims to raise awareness regarding insurance policies in rural areas and make women self-reliant.

Which Details need to be submitted when applying for LIC Bima Sakhi Yojana Online?

When it comes to applying for the LIC Bima Sakhi Yojana online, applicants need to fill in details like name, date of birth, email ID, mobile number, and address. Moreover, applicants will have to verify whether or not they are related to any LIC employee or agent.

How Can LIC Bima Sakhi Yojana Increase Insurance Penetration?

Through the LIC Bima Sakhi Yojana, the Life Insurance Corporation of India can reach untapped markets to increase awareness about life insurance policies. As a result, more and more people in semi-urban and rural areas will learn about life insurance.

How will LIC Bima Sakhi Yojana help Women’s Empowerment?

The LIC Bima Sakhi Yojana helps women become major financial contributors to their families and communities. It promotes not only women’s empowerment but also gender equality.

What will be there other than Training in LIC Bima Sakhi Yojana?

Apart from comprehensive training, the LIC Bima Sakhi Yojana consists of workshops for women on financial literacy. As a result, women can learn about budgeting, personal finance, and proper financial planning to guide others to make informed financial decisions.

How to Apply for LIC Bima Sakhi Yojana?

Eligible applicants should visit the LIC website to apply for the LIC Bima Sakhi Yojana online. The LIC Bima Sakhi Yojana cannot be applied offline.

Which Candidates would be given Preference in LIC Bima Sakhi Yojana?

In the LIC Bima Sakhi Yojana, women living in rural areas would be given preference.

What are the Future Opportunities with LIC Bima Sakhi Yojana?

After completing three years of training, women can start working as Bima Sakhis or LIC insurance agents. Moreover, based on the eligibility, trained women can also work as development officers in LIC.

What are the Working Hours in LIC Bima Sakhi Yojana?

The working hours are flexible under the LIC Bima Sakhi Yojana.

When Did Registration Begin in LIC Bima Sakhi Yojana?

The registration for the LIC Bima Sakhi Yojana already started from 9th December 2024.

What is the Last Date for Registration in LIC Bima Sakhi Yojana?

The last date is not announced yet for the LIC Bima Sakhi Yojana’s registration.

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