Today many youths are roaming unemployed in the Indian society. At the same time, there are many people who do not earn enough to meet their Basic Needs. In such a situation, with the help of this article of Jeevan Bima Bazaar, we want to give you information about such a business, from which you can make side income for yourself or you can also choose this business as a full time business.
I am sure you must have heard the name of Life Insurance Corporation of India. Life Insurance Corporation of India is also known as LIC. Life Insurance Corporation of India is India's Number One Life Insurance Company working in the Government Sector.
If you start Life Insurance Agency Business for Life Insurance Corporation of India. Then not only can you create a means of additional income for yourself, but you can also adopt it as a full-time job if you want. So let us understand how to start working as an Agent in Life Insurance Corporation of India.
Eligibility to Become LIC Agent
To start Life Insurance Agency in LIC, it is necessary to fulfill the following conditions
- Any person who is a resident of rural area, if he/she has passed class 10th or its equivalent examination. Then he can apply to become an Agent in LIC. But if a person is a resident of an urban area, then it is mandatory for him to pass class 12 or its equivalent examination.
- Any person who has completed 18 years of age can apply to become an Agent in LIC.
- Any person who is completely healthy mentally and physically can apply to become an Agent in LIC.
- Any person against whom any kind of criminal or illegal case has not been tried and is not pending, can apply to become an Agent in LIC.
- etc.
Whom to Contact to Become a LIC Agent
The right to appoint an agent in Life Insurance Corporation of India lies with the Development Officers and Chief Life Insurance Advisor (CLIA) of the Corporation. So if you want to become an agent in LIC, then for this you have to go to the nearest branch office of LIC and contact the Development Officer or CLIA of LIC.
However, both these posts in LIC are such that the officers have to be engaged in maximum field work, so it is possible that when you go to the branch office to meet these officers, you may not be able to meet them at that time. So it is possible that for this you may have to visit the branch office more than once.
Keeping in mind your convenience, we are updating the list of Development Officers of LIC. By clicking on the link given below, you can get information about the Development Officers and CLIA of your area. Here you will get their address, contact number, email ID and other important information. You can contact them to apply for LIC agency.
Documents Required to Become an Agent
The following certificates are required to become an Agent in LIC
- To become an Agent in LIC, the candidate has to submit 8 passport size photographs. It is required while filling various types of application forms while taking Agency in LIC.
- To become an Agent in LIC, the candidate has to submit his/her Age Proof. High school mark sheet or any such school certificate on which date of birth of the candidate is recorded can be submitted for age certificate. Apart from this, Driving License, Passport, Aadhaar Card, etc. can also be submitted for Proof of Age.
- To become an Agent in LIC, the candidate has to submit his Residence Certificate. Aadhaar Card, Driving License, Passport, etc. can be submitted for Proof of Residence.
- To become an Agent in LIC, the candidate also has to submit his/her Photo Identity Proof. For Photo Identity Proof, the candidate can submit things Like Driving License, Aadhaar Card, Passport, etc.
- To become an Agent in LIC, the candidate has to submit the certificate of his Educational Qualification.
- To become an Agent in LIC, the candidate has to submit his PAN Card.
Self-attested copies of all the above documents are to be submitted along with the application form to the Branch Office of the Corporation.
How many hours does LIC Agent work
The Agent of Life Insurance Corporation of India does his business as per his wish. Because the corporation does not pay salaries to the Agents. Therefore, the corporation cannot compel its Agent to act.
This is one of the major reasons, due to which an Agent working in Life Insurance Corporation of India can do his Business as a Full Time Business or can also do it as a side job.
LIC of India (Agent) Regulations, 2017
We are presenting you the PDF file of Life Insurance Corporation of India Agents Act 2017. You can download this file by clicking on the link given below.
This PDF file describes what are the conditions for the appointment of an Agent of Life Insurance Corporation of India? What is the work of an Agent of Life Insurance Corporation of India and under what circumstances the Agency of an Agent of Life Insurance Corporation of India can be terminated and all other information is given:
Process to Become LIC Agent
Once you understand all the terms and conditions of LIC Agency Business. Then you should carefully fill the Application Form to become an Agent and submit it to the Branch Office of LIC.
After submitting the application form, you will have to complete 100 hours of training to be conducted by IRDA. You can get information about the time limit of training from your Development Officer or Chief Life Insurance Advisor.
Once the training is completed, you have to clear the exam issued by IRDA. After you clear the IRDA exam, IRDA issues you the License. After you get your license from IRDA, you can start life insurance business. Along with the registration of the first life insurance policy, the corporation issues you an agency code.
Some Things to Know Before Becoming an Agent
Starting a business as a Life Insurance Agent with LIC is indeed a very wise decision. But before you apply to become an agent in LIC, we suggest that you must know some other important things before this.
Once you become a LIC agent, you have a lot of responsibilities and it is mandatory to follow many rules while fulfilling these responsibilities. If you perform well by following these rules, then you are also honored and you also get financial benefits in many ways. But if you do not fulfill these conditions, then your agency can also be terminated.
So, before applying for LIC agency, it is very important for you to know your responsibilities and the rules made by LIC for an agent. For example, if you do better business, then you can become a club member in LIC. LIC club members get office allowance, money for maintaining staff, money for foreign travel, allowance for two wheeler and four wheeler and many other benefits.
Similarly, LIC has set minimum business targets for its agents. If any LIC agent is unable to meet this target, then his agency gets terminated. Therefore, our suggestion for you would be to visit the branch office of LIC and inquire about this with the LIC development officer or CLIA.
If you want to know about the Nearest Branch Office of LIC, then you can get detailed information about this by clicking on the button given below.
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