Benefits

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 ₹ 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 Premium Expected Commission
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.

Support from our side:

After getting the Appointment Letter you will be trained by Shri Sanjay Gilani, Development Officer. Training of agent is his main forte. Our training is designed  in such a way that we give committed agents of International repute to LIC OF INDIA. You will be trained on need based selling techniques. Your activity will be monitored regularly so that you achieve your desired target on time and earn handsome commission. You will be able to achieve all your dreams.

Our training program is designed in such a way that you will qualify for MDRT, COT, TOT and Corporate club, Chairman club with in 4 years of your agency i.e. your package will be at least 24 lakhs after 4 years.