What this profession will give you ?
- Work - Life Balance, Good Income ..
- Start-up opportunity to Millennials and Generation Z
- A separate channel to carter to HNI clients & corporate sector..
- Opportunity to get leadership roles.
- Opportunity to get regular professionally training.
- LIC agency is considered today as the highest paid profession in the world.
Benefits of LIC Agency as career :
- It also provides you with the Royalty Income.
- You can start your own Business with less Capital Investment.
- You have the opportunity to earn as per your potential.
- Your work gets easier and less demanding as your business grows.
- You can Pass this Business to your next Generation as a legacy.
Commission Rates :
On any standard policy that you procure you shall be paid the following Commission Rates:
- 35% of 1st year premium installments
- 7.5% of 2st & 3rd year installments
- 5% of every year till maturity of the policy
Remuneration will be paid to you in the form of commission. as percentage of premium collected through the policies sold by you.
Fringe Benefits to Club Members :
- Advance for 2 Wheeler or 4 Wheeler
- Advance for purchase of personal computer, furniture, telephone etc.
- Housing Loan
- Reimbursement of expenses on stationery, office and sales promotion
Club Memberships :
Following additional benefits are given over and above the commissions’ payable:
- Office Allowance to maintain your own office.
- Telephone/Mobile bill reimbursement.
- Reimbursement of Sales Promotional Gift items.
- Interest free advance for purchase of Car.
- Interest free advance for purchase of office equipment.
- Interest free advance for Training.
- Interest free Festival Advance.
- Housing loan at concessional rate of interest.
- Term Insurance and Mediclaim benefits.
- Guest house facility throughout India at concessional rates as applicable to employees.
Gratuity :
Agents are entitled to get the gratuity at age 60/65 years after serving for minimum 15 years.
At present the Maximum Gratuity amount payable is ` 3,00,000.
International Recognition from MDRT :
- Founded in 1927, the Million Dollar Round Table (MDRT), The Premier Association of Financial Professionals, is an international, independent association of nearly 36,000 of the world's leading life insurance and financial services professionals from more than 430 companies in 78 countries.
- MDRT members Lic Agent Mumbainstrate exceptional professionally knowledge, strict ethical conduct and outstanding client service.
- MDRT membership is recognized internationally as the standard of sales excellence in the life insurance and financial services business.
- To qualify for the membership of MDRT, agents have to earn the prescribed First Year Commission excluding the Bonus Commission OR brings prescribed First Year Premium during the Calendar year.