Quick Answer: Can A Lawyer Become LIC Agent?

Can you change your LIC agent?

No, you cannot change your LIC agent.

Once the plan is sold by the agent to the customer, you are only a customer for the LIC of India and the agent has no liability to you.

The only exception being that if a plan is sold to you with improper information, you can withdraw your insurance policy within 15 days..

Where can I complain against LIC agent?

Call Toll Free Number 155255 (or) 1800 4254 732 or. Send an e-mail to complaints@irdai.gov.in.Make use of IRDAI’s online portal – Integrated Grievance Management System (IGMS): Register and monitor your complaint at igms.irda.gov.in.

Is LIC agent a good career?

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. As LIC agent, you can set your own income targets with a potential to earn as much as you want for the rest of your life.

Which LIC plan is best?

Best LIC PlansLIC PoliciesPlan TypePolicy TermLIC Jeevan UmangWhole Life Insurance100 years minus(-) the age at entryLIC Jeevan AmarTerm Assurance Plan10 years-40 yearsLIC Money Back 25 yearsMoney Back Policy25 yearsLIC New Jeevan AnandEndowment Plan15 years-35 years1 more row•Jan 12, 2021

How much do LIC agents make?

Earning and other benefits: Career as a LIC agent is considered one of the highest paid profession in the country. Top performers in LIC are earning nearly 3 to 4 Crores per year. LIC agent can earn unlimited since there is no specified salary.

What is the salary of branch manager in LIC?

Branch Manager Salary in Companies Similar to Life Insurance Corporation Of IndiaCompany NameAverage Annual SalaryLife Insurance Corporation Of India Branch Manager 7-29 yrs exp7.4L 3L – 13LICICI Bank Branch Manager 0-31 yrs exp8.1L 5L – 13LHDFC Bank Branch Manager 0-31 yrs exp10.7L 5.5L – 18L8 more rows

Who can be LIC agent?

In order to become an LIC Agent, candidates need to qualify the LIC Agents’ pre-licensing test conducted by the Insurance Regulatory and Development Authority of India (IRDA). To appear in the test, they need to fulfil the below mentioned criteria: 10th pass from a recognised board. Minimum age should be 18 years.

What if my LIC agent dies?

In a case of the death of an agent, the commission payable to him shall be payable to the Nominee or Legal Heir of the Agent.

Can bank employee become LIC agent?

No, A Bank Employee can’t! If it is a Pvt Bank, obtain the permission from Bank Authority then only he can apply! Any Employee If Interested he can take on his Spouse Name! Provided His Spouse with SSc or Intermediate Qualification! … Afterwards She will get LICENCE to act/work as LIC Agent!

Do LIC agents pay first premium?

Generally, the commissions start from around 10% to 15% of your premium. This is for the first premium. So if you are paying a premium of Rs 40,000, your agent will pocket Rs 16,000. … So the higher the premium you pay, the more the agent benefits.

How do you become an agent?

There’s no single career path to becoming a talent agent, but there are a few basic requirements.Earn a college degree. A bachelor’s degree is often a basic requirement of most talent agencies, and is helpful when just starting out. … Get to know the entertainment industry. … Internships and work experience.

Can I buy LIC without agent?

However, LIC has facilitated the purchase of an online insurance policy for the convenience of its customers. So, now you can buy LIC policy online without agent. An agent’s commission is included in your premium in an insurance policy sold through an agent.

Who is the highest paid insurance agent?

Gideon du PlessisGideon du Plessis failed in the 10th standard and never went to college. He is today the highest earning insurance agent in the world, with annual commissions amounting to Rs 7 crore (Rs 70 million) plus. A record he has maintained over the last 12-14 years, selling 700 policies yearly.

What are the benefits of becoming LIC agent?

Benefits Of LIC Agency ?BENEFITS OF LIC AGENCY.First Year Commission.Renewal Commission.Retirement Benefits.Pension through Swavalmbam and Samvardhan Scheme.CLUB MEMBERSHIP BENEFITS.

Can private employee become LIC agent?

Yes it is possible to be an agent in any General insurance or Life insurance company in India. But the most important condition is the applicant for agency must not be an employee/ the relative of any employee working in Life insurance companies or General insurance companies.

Is there any target for LIC agent?

An LIC agent is required to sell minimum 12 policies per year, and if he fails to achieve this, he has an option to complete the target in another one year. But in the third year, if he fails to get 36 policies, his registration gets cancelled.

Is LIC safe investment?

Standard T&C Apply. *All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply. Why LIC Jeevan Pragati is Considered As The Safest Option To Invest?…More Useful Resources.LIC Online ServicesLIC Investment PlansLIC Premium Payment OnlineLIC Single Premium Plan4 more rows•Sep 22, 2020