Which Life Insurance Company is Easy to Work for

All the Life Insurance Companies in India are doing Life Insurance Business only by following the rules of the Government of India. All Life Insurance Companies operating in India are supervised by IRDA. So I cannot call any company good or bad. But I am sharing with you my real experience in this field. We are sure that our experience will prove beneficial to you.

If you want to become a Life Insurance Agent. Then we are sure that while starting your work you would definitely want that you can do Agency Business easily. When a Life Insurance Agent goes into the field to explain a Life Insurance Policy and the customer learns that the Life Insurance Agent works for a Private Life Insurance Company. Then that customer thinks a lot before investing his money.

On the other hand, if that customer comes to know that the Life Insurance Agent is telling about any Policy of LIC. Then investing in LIC as compared to other company makes the customer feel at ease. Looking at this behavior of Indian society I think if you choose Life Insurance Corporation of India for Life Insurance Business. Then it becomes very easy for you to do your business.

Best Life Insurance Company Based on Money Management

Here I am sharing my experience for money management and it should be taken as practical and general experience. I have visited the offices of various Life Insurance Companies many times during my Life Insurance career.

I am also sure that you too must have visited the office of Life Insurance Corporation of India or any other Private Life Insurance Company at some point of time. You must have seen that when you go to any Government Institution, no one from that Government Institution asks you to give even a glass of water.

Wherein if you go to a private institute. Especially such Institutions where money is invested. So you must have seen that the employees of that private organization are ready to give you tea, coffee or even cold drinks. This is a very common and practical thing. In this context, you should consider that from where does that company get the money to do such work? Many people also consider this work of private companies as good.

But if you think deeply about it, you will find that the money that is withdrawn for such expenses. Due to this, how much pressure can come on the customer's money in future. You should also consider that when such funds are given to a person, would that person have used the entire fund for the same purpose?

In the end, I would like to share my view, when a government body is so strict to manage even such a small amount. Then because of this the money of the people investing in that institution is safe to a great extent. When the Government Organization curbs such small expenses, then the customer's money remains completely safe and the chances of giving good returns on his deposited money are also high.

So even keeping this in mind, I think Life Insurance Corporation of India can be a great option to take a Life Insurance Agency.

Protection of Policyholder's Money

If you have deposited your money in a Government Institution and due to the negligence of the officers or employees of that Institution, any of your documents have been damaged or there has been any kind of negligence in your money.

In such a situation, you can take appropriate legal action against that officer or employee of the Government Organization. Due to this type of legal action on your part, that officer or employee may lose his job. This is one of the major reasons why your customers' money is largely safe in Government Institutions.

But can you take action on the officer or employee of a Private Institution in the same way. This is also such a big topic for which you should consider before taking a Life Insurance Agency. Because a person working in a Private Organization does not have as much fear of leaving his business as a Government Employee. Because a person working in a Private Organization knows that if he is removed from work, he can easily work in another Private Organization.

Whereas a person working in a Government Organization has more attachment to his business. He knows that if he loses his job then it may be very difficult to get a job again in any Government Organization.

On the Basis of Agent Commission

Life Insurance Corporation of India pays very low commission to its Agents as compared to other Life Insurance Companies. While other Life Insurance Companies pay huge amount as commission to their Agents.

Here commission does not just mean the word commission but it refers to all the benefits an Agent gets for selling an Insurance Policy. Many Life Insurance Companies give less profit than the Corporation in the name of commission. But indirectly their benefits are much more than what the LIC Agent gets.

This is one topic that might make you think that Private Sector Insurance Companies are good for doing Insurance Business. But we think you should also consider that if a Life Insurance Company pays a huge commission to its Agent after the sale of the policy. Then how will it give good benefits of the Policy to its Policyholder?

Before taking a Life Insurance Agency, you should think deeply about this subject and then decide which Life Insurance Company will prove to be better for you?