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LIC Agent Information

An agent basically needs to sell the insurance products of LIC to potential customers and get a commission out of it. It's not necessarily a field job but can also be done online sitting in the comfort of your home.

It's a commission-based job with no commitments so it's up to the agent to take it as a full time or part time career.

Products of LIC
Endowment Plans that cover life risks and provide savings/huge amounts of money.
Pension Plans which cover life risks and provide periodical payouts.
Investment Plans such as ULIPs that give you Mutual Funds along with Life Cover.
Term Plans which cover your life risk at a minimal premium.
Health Plans which cover your hospital expenses along with life risk.

What An Agent Needs To Do
Prospect a customer and sell them the product they need.
Follow up with the customer so that the agent will get a good renewable commission.

Commission Cycle
Twice every month, 1st and 16th.

Remuneration
Stipend & Commission + Incentive

Why Would a Customer Want to Buy a LIC Policy




To cut taxes since all the premiums paid to a LIC life insurance policy are exempted from tax up to 150,000 according to Section 80C of the IT Act, and all premiums paid to LIC's health insurance policies are exempted from tax up to 50,000 according to Section 80D of IT Act.
The maturity or death benefits of LIC are exempted from tax according to Section 10(10D) of the IT Act.
Positive investment + insurance opportunity as the customer not only gets life cover but also various bonuses on maturity from LIC's annual profits which is huge compared to any other financial organization in India.
Liability insurance
Retirement planning
Middle age corpus building
Educational corpus
Wedding corpus
Heritage corpus
Single living
Life long income
Earning accumulation
Tax free income
Tax free fund transfer
Estate creation
Wealth accumulation
Corpus building
Trust donations
Couple living expenses
Funeral expenditure
Religious functions
Assignment
Financial planning
Soverign Gurantee
Travel planning expenses
Assured Returns
Insured Returns

Contact Us

P Hemachandran, LIC Senior Business Associate, Chennai
Email:
WhatsApp/Phone:

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📌 Aspiring Career In Insurance Chennai
🏢 LIC
📍 Chennai