If you have chosen to become LIC agent as a part of your financial carrier then it will very beneficial for you. And, if you want to do it as part-time work still it has a lot advantageous for you. So, before you become a LIC agent first you need to understand What is LIC? and Who is a LIC agent?
What is LIC?
LIC ( Life Insurance Corporation )is India’s largest insurance corporation and has established its leading spot over the past 64 years. The LIC is a Public Sector company that provides key items such as life, Life Insurance, Health, and Investment Management.
Who is a LIC agent?
LIC agents are insurance provider associates who encourage and direct clients in the acquisition of a LIC contract according to their needs. . These agents don’t have to visit the branch every day to keep working. The LIC company also provides their login and password, by signing into the LIC agent portal, they can also handle their job online at home.
Now When you all know about who is a LIC agent and their work. Then, now you can easily proceed with the procedure to become LIC agent.
Steps to become LIC agent
Presently, due to the opportunity of part-time work and flexible working hours, more younger people aspire to become LIC agents. Also, some people want to become LIC agents because they consider it as a second source of income for them.
Here are all the steps to become LIC agent:-
Step 1 – Firstly, you need to visit the LIC branch office that is close to you with your basic identification documents.
Step 2 – After visiting the branch office, contact the development officer of the branch and show your documents to him.
Step 3- Then, an interview will be conducted by the officer. And, the candidates who get qualified in the interview are being trained at the Department/Agency Training Centre.
Step 4 – The training time is about 25 hours. In that, they will teach you all the aspects you need to know related to the insurer’s life insurance plans.
Step 5 – When the training has been completed, all the applicants must attend a pre-recruitment test administered by the Insurance Regulatory and Development Authority of India (IRDAI).
Step 6 – All should need to score at least 35% in the test which allows you to obtain a hiring letter from LIC of India. Afterward, the LIC insurance provider also receives an Identity Card.
Step 7 – After that, you will get hired to become LIC agent by the company. You need to collaborate with the team at the branch office and all your will be controlled by the development officer.
Step 8 – The necessary field training and other information and will be given to you to begin your job.
So, this is the whole process you need to go through to become LIC agent for life insurance corporation.
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Documents required to become LIC agent
- You need only one document to prove your address. You may consider an aadhaar card, pan card, driving license, and voting id.
- Educational proofs such as 10th standard or 12th standard certificate.
- 6 photos of passport size
Eligibility criteria to become LIC agent
Before you become LIC agent you need to clear the pre-recruitment test administered by the Insurance Regulatory and Development Authority of India (IRDAI). But to appear in that test you need to first fulfill the following aspects before the test :
- At least 18 years of age would be the minimum age to be a LIC agent.
- Your minimum qualification should be a 10th pass.
Benefits of becoming LIC agent
1.BUSINESS INDEPENDENT
When you become LIC agent you don’t need to work for an organization or employer anymore. You can control your working life with good lifestyles and enough family time without losing job satisfaction!
2.Pension Bonus
While a LIC agent immediately qualifies to earn a lifetime pension as a bonus any time each of its policies is updated by someone else, the corporation gives LIC agents another pension plan, which is similarly advantageous and profits them. It’s up to Rs.3,00000/- free of charge.
Under the terms of Annex VI of the (Agent) Rules of 1972, free payment is paid to LIC’s officers. Any agent of LIC who achieves the “qualifying tenure” of a company’s 15-year active partnership successfully may be granted.
3.Create a second income source
It is not much difficult to become LIC agent. You should regard this as your side business. You can just work for few hours in your spare time and can create a secure and stable source of second income on which to depend in tough times.
4.You get an interest free loan
Another advantage is that when you become a member of the LIC agent club. You can take advantage of a LIC- interest free loan on any of your financial needs. Like a home loan, car loan, and construction loan covered into it. Other than this LIC gives you many allowances on Office service, refund of the utility bill, on furniture, and many other services for club members.
5.Free of investment
This is one of the major advantages When you are a LIC agent is that you don’t need to put in any kind of prior investment to join this business. You will be easily eligible to start this with a simple procedure.
Conclusion
As of now, I hope you get to know about the things that are related to becoming a LIC agent and what kinds of benefits you will get after you become LIC agent. As a LIC agent, you need to visit and find your potential clients. You also need to help your clients to understand about the policies you have according to their financial criteria and standing so that they also can buy any policy that they need according to features.
Also Read : How to Check LIC Policy Status In 5 Easy Steps