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Role of Lic Agent

A LIC agent is one who is an important source of the business for the organisation. The LIC agents develop, build, and always keep maintained contacts with the clients who give business to the organisation by buying the different policies.

To market LIC products.
To serve the customer since the policy inception to maturity.
To act as a direct communication link between the insurer and the customer.
To explain the various products of the insurer and aptly help in choosing the right product depending on clients needs.
To render unconditional service to the customer.
To expand the insurance sector to rural areas and downtrodden sectors.
To help the customer in his/her financial planning.
To widen the insurance net in our country.

Objectives Of LIC Agent

Spread Life Insurance widely and in particular to the rural areas and to the socially and economically backward classes with a view to reaching all insurable persons in the country and providing them adequate financial cover against death at a reasonable cost.
Maximize mobilization of people's savings by making insurance-linked savings adequately attractive.
Bear in mind, in the investment of funds, the primary obligation to its policyholders, whose money it holds in trust, without losing sight of the interest of the community as a whole; the funds to be deployed to the best advantage of the investors as well as the community as a whole, keeping in view national priorities and obligations of attractive return.
Conduct business with utmost economy and with the full realization that the moneys belong to the policyholders.
Act as trustees of the insured public in their individual and collective capacities.
Meet the various life insurance needs of the community that would arise in the changing social and economic environment.
Involve all people working in the Corporation to the best of their capability in furthering the interests of the insured public by providing efficient service with courtesy.
Promote amongst all agents and employees of the Corporation a sense of participation, pride and job satisfaction through discharge of their duties with dedication towards achievement of Corporate Objective.

Advantage of Lic Agent

It is monetarily rewarding and soul satisfying too. The commodity that a life Insurance agent sells is unique - you sell and service financial security and hence the pattern of remuneration for the same is also unique. Life Insurance profession is the “best paid hard work”. The harder you work the more commission you get. Moreover the sale of life Insurance gives repeated commission payments for one sale and what is more, they continue even after the agent resigns or dies - provided he has the required business in force as per rules.

Know more about the benefits of becoming an LIC agent.
Rewarding Career. You will help people realise their dreams by fulfilling their financial goals.
A Successful Team.
Attractive Remuneration.
Independence
World-Class Training

Remuneration

First of all, foremost benefits to LIC Agent is the remuneration will be paid to in the form of Commission as percentage of premium collected through the policies sold by you. It is not a one time commission on a sale, It provides royalty income through out the term of policy,as long as policyholder pays the premium.

The Commission rates on regular premium policies are as under:

1st year of the policy : Up to 25 % on the premium
Bonus Commission: 40% of first year commission.
2nd and 3rd year of policy : Up to 7.5 % on the premium.
4th year and onwards : Up to 5% on the premium.

Gratuity and Group Term Insurance

Group Gratuity and Group term insurance is also the benefits to LIC Agent, who are entitled to get the gratuity at age 60 or 65 years after being an LIC Agent for a minimum 15 years, presently the Maximum Gratuity amount payable is upto Rs.10 Lakhs depending up on the amount of renewal commission paid during last 15 years before the vesting age.

Agents are also covered under group term insurance and group mediclaim insurance. The coverage depends on the performance criteria of the individual agents and the clubs they occupy in LIC, it varies.

Contact Info

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Role of Lic Agent

Objectives Of LIC Agent

Advantage of Lic Agent

Remuneration

Gratuity and Group Term Insurance

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V.M.SASIKUMAR is successful agency leader for the past 25 years. He has been the Tamilnadu No: 1 for the past 10 years. He has a team of 155 LIC professionals under him. Maintaining an individual office with training hall and 8 personal staff.

Working Hours

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Contact Info

Service

Role of Lic Agent

Objectives Of LIC Agent

Advantage of Lic Agent

Remuneration

Gratuity and Group Term Insurance

Quick link

Our Service

V.M.SASIKUMAR is successful agency leader for the past 25 years. He has been the Tamilnadu No: 1 for the past 10 years. He has a team of 155 LIC professionals under him. Maintaining an individual office with training hall and 8 personal staff.

Working Hours