Choice of Working Hours
Unlimited Commission, Life Long Income Opportunity
Interest Free Loans*
Housing Loan at 5.5%
Visit America without Expense (MDRT)
01
02
03
EARN
MORE THAN

50,000

per

MONTH!

Benefits of a LIC Agent

LIFE LONG INCOME
INTEREST FREE LOANS*
CHOICE OF WORKING HOURS
VISIT TO AMERICA WITHOUT EXPENSE(MDRT)

HOUSING LOAN AT 5.5%

ALLOWANCE FOR OFFICE & STATIONARIES
01
02
03
EARN
MORE THAN

50,000

per

MONTH!

Benefits of a LIC Agent

LIFE LONG INCOME
INTEREST FREE LOANS*
CHOICE OF WORKING HOURS
VISIT TO AMERICA WITHOUT EXPENSE(MDRT)

HOUSING LOAN AT 5.5%

ALLOWANCE FOR OFFICE & STATIONARIES

Career in LIC

At Life Insurance Corporation of India, we are encouraging individuals to join LIC of India as a insurance advisor part time or full-time. We encourage professionals to join LIC agency to make use of their professional contacts to increase their income. We encourage business persons to maximise income with use of their business skills. we encourage housewifes to make best use of their time to earn more income, and we encourage our youngsters to use their energy to crate future income.

Opportunity starts here

Process to become a LIC Agent

Process to become a
LIC Agent

To become a LIC Agent in Mumbai, you need to complete the simple process

Application for LIC Agency

You need to apply for LIC agency with proper documentation given as below and filling of application form given by us. You can visit LIC branch office for it or you can fix appointment with our team members at your workplace or at your home at your convenient time to complete process.

Documentation FOR LIC Agency

While meeting us please carry a photocopy of these documents for your easy registration. These documents are necessary for examination and for the license to become LIC agent.

Fee structure for examination:

Registration Fee

150

Online Training

50

Online Exam Fee

500

Total

700

You need to pay total fees of Rs. 700 to become a LIC agent,

Preparation

You need to complete online or offline training of 25 hours for examination.

Examination

After successful completion of training, you need to give an online examination conducted by the Insurance Regulatory and Development Authority (IRDA).
You will clear the exam after securing the required passing marks - 17/50

License

After successful completion of the examination, you will be awarded an Appointment Letter by the IRDA to work as an insurance agent.

You will be appointed as a LIC Agent!

Benefits of becoming a LIC Agent

1. Commission and Renewal Commission

  • First Commission on sales Under standard tables and terms, you are paid 1st year's commission of 20% of the first year's premium paid by the policy holders.
  • Bonus Commission You are entitled to bonus commission at the rate of 40% of the eligible first year commission provided you fulfil certain requirements as to total first year's premium secured and number of lives you have insured in your agency-year.
  • Renewal Commission The agent is paid 7.5% of the amount paid by the policy holders (under standard tables and terms) as the second to fifth year premiums and continues to be paid renewal commission of 5% on every year's premium paid from the fourth year onwards. Renewal commission is payable on renewal premium. Hence, you should ensure that your client keeps the policy in force. If you remind him to pay premiums, you will be rendering a good service to him.
  • Hereditary Commission In case of agent's death while his agency subsists, after agency was in force for two years or over, renewal commission will continue to be payable to his heirs or nominee provided there was a business of not less than Rs. 1 lakh in force at the time of death.

2. Guaranteed Income Benefit

In the event of termination of agency because of non-performance, any time after five agency years but before completion of 10 agency years, the renewal commission continues to be payable provided you had nominal business of at least Rs. 2 lakhs in force one year before cessation of agency. This condition is waived in the event of cessation after the agent has worked for ten years or more. Increasing Income Renewal Commission Term Insurance

  • Increasing Income Benefit With the above recurring income-feature of the insurance compensation your income goes on steadily increasing every year. Each succeeding year's new sales add to the renewal commission on the previous year's business. Your renewal commission will grow faster every year, if with increasing expertise, you do more and more business as years roll by.
  • Retirement Benefit Gratuity upto a maximum of Rs. 2,00,000/- is payable under Schedule VI of the (Agents) Rules, 1972 provided the agent has completed the business guarantee for at least 15 years called as “qualifying years”.
  • Term Insurance Benefit Free family protection: Free term insurance is payable under Schedule VI of the (Agents) Rules, 1972 in the event of death of a confirmed agent before age 60 provided among other conditions:
    (a) he was appointed before age 50
    (b) he has completed at least 3 “qualifying years”
    (c) his agency was in force on the date of death, and
    (d) he holds an insurance policy (other than a temporary insurance policy) for at least Rs. 5,000/- at the time of death.

3. Club Membership

Being a member of the club carries a good deal of prestige as it provides concrete evidence in the eyes of the insuring public that you are working with a spirit of devotion, dedication and professionalism in serving the insuring public. It also entitles you to various fringe benefits according to the membership of different clubs, as following –

FAQs on LIC Bima Sakhi Yojana

What is the Implementing Authority of Bima Sakhi Yojana?

LIC (Life Insurance Corporation of India) is the implementing authority of the Bima Sakhi Yojana.

The LIC Bima Sakhi Yojana is an initiative by the government to promote women’s empowerment by appointing eligible women (aged between 18 and 70 years) as volunteer insurance agents (also called Bima Sakhis).

The minimum age for applying for the LIC Bima Sakhi Yojana is 18 years (as of the date of application). On the other hand, the maximum age in this regard is 70 years (the applicant’s last birthday).

The duration of this scheme is three years.

The applicant must be 10th grade passed in order to apply for the LIC Bima Sakhi Yojana.

The following individuals cannot apply for the LIC Bima Sakhi Yojana:

The stipend amounts for the LIC Bima Sakhi Yojana for the first, second, and third-year are ₹7,000/- per month, ₹6,000/- per month, and ₹5,000/- per month respectively. Moreover, a commission other than bonus commission would be added to these stipends.

Applicants require self-attested copies of address proof, age proof, and certificate of educational qualification to apply for the LIC Bima Sakhi Yojana.

Each volunteer insurance agent or Bima Sakhi will have to ensure at least two people per month and 24 people in a year. However, if a Bima Sakhi can complete more than the mentioned target, they would receive additional commission with the specific stipend.

The goal of the LIC Bima Sakhi Yojana is women’s empowerment by training 1,00,000 women in a year to ensure best-in-class employment opportunities to enable women to become LIC insurance agents. The LIC Bima Sakhi Yojana aims to raise awareness regarding insurance policies in rural areas and make women self-reliant.

When it comes to applying for the LIC Bima Sakhi Yojana online, applicants need to fill in details like name, date of birth, email ID, mobile number, and address. Moreover, applicants will have to verify whether or not they are related to any LIC employee or agent.

Through the LIC Bima Sakhi Yojana, the Life Insurance Corporation of India can reach untapped markets to increase awareness about life insurance policies. As a result, more and more people in semi-urban and rural areas will learn about life insurance.

The LIC Bima Sakhi Yojana helps women become major financial contributors to their families and communities. It promotes not only women’s empowerment but also gender equality.

Apart from comprehensive training, the LIC Bima Sakhi Yojana consists of workshops for women on financial literacy. As a result, women can learn about budgeting, personal finance, and proper financial planning to guide others to make informed financial decisions.

Eligible applicants should visit the LIC website to apply for the LIC Bima Sakhi Yojana online. The LIC Bima Sakhi Yojana cannot be applied offline.

In the LIC Bima Sakhi Yojana, women living in rural areas would be given preference.

After completing three years of training, women can start working as Bima Sakhis or LIC insurance agents. Moreover, based on the eligibility, trained women can also work as development officers in LIC.

The working hours are flexible under the LIC Bima Sakhi Yojana.

The registration for the LIC Bima Sakhi Yojana already started from 9th December 2024.

The last date is not announced yet for the LIC Bima Sakhi Yojana’s registration.

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