Benefits of LIC Agency
Commission: An agent is entitled to payment of commission on the policy sold by him/her. The rates of commission payable depend upon the product sold. First-year commission ranging from 10% to 25% with Bonus Commission @ 40% of F.Y.C. and renewal commission @ 5% spread across the Premium payment term is payable. Single premium plan flat 2% commission is payable.Commission: An agent is entitled to payment of commission on the policy sold by him/her. The rates of commission payable depend upon the product sold. First-year commission ranging from 10% to 25% with Bonus Commission @ 40% of F.Y.C. and renewal commission @ 5% spread across the Premium payment term is payable. Single premium plan flat 2% commission is payable.
Pension: An agent can opt for contributory Pension scheme – Svyalambhan or Samvardhan which provides for old age pension after the age of 60 years
Gratuity: An agent working continuously for 15 years or more is entitled to a gratuity of maximum Rs 200000/- after attaining the age of 60 / 65 years
Group Term Insurance: Agents are entitled to Group Insurance Coverage.
Your Expected Commission for Next 5 years
| Expected Commission | |||||
|---|---|---|---|---|---|
| Expected Premium | 1st year | 2nd year | 3rd year | 4th year | 5th year |
| 12,00,000 | 4,20,000 | 90,000 | 90,000 | 60,000 | 60,000 |
| 24,00,000 | 8,40,000 | 1,80,000 | 1,80,000 | 1,20,000 | |
| 36,00,000 | 12,60,000 | 2,70,000 | 2,70,000 | ||
| 48,00,000 | 16,80,000 | 3,60,000 | |||
| 60,00,000 | 21,00,000 | ||||
| TOTAL | 4,20,000 | 9,30,000 | 15,30,000 | 21,90,000 | 29,10,000 |
As Years pass by your Renewal Commission keeps on increasing thereby assuring you an income for the next 20 to 25 years. Even when you stop working or to your family on your death.
We will make sure through our meticulous training that your earnings should be as per above chart, but that requires willingness on your part to take lot of physical pain.
