Top 7 Benefits Of Becoming An LIC Agent
Did you know? The largest life-insurance company in India is Life Insurance Corporation of India. This company is owned by the government and carries an absolute guarantee for all insurance policies issued by it. However, over the period of time, many other companies providing life insurance service emerged. Some of the most popular ones in India are as mentioned below, have a look –
- Life Insurance Corporation of India
- ICICI Prudential Life Insurance
- SBI Life insurance co Ltd
- Bajaj Allianz Life Insurance
- Birla Sun Life Insurance Company Limited
- Bharti AXA Life Insurance
- HDFC Standard Life Insurance Company
As these companies started spreading its roots in India, it started progressively creating life insurance jobs too. Being a life insurance agent is a dream for many, especially to work for Life Insurance Corporation of India. This is because there are benefits of working as an LIC agent, some of them are –
In the government sector, the salary would be ranging from Rs 15,000 to Rs 25,000 per month. In private sector with a graduation degree in sales or related subject, you have chances of earning more.
This is the most attractive part of LIC jobs, the salary increases as per the years you have served for the company. Yearly bonus starts after you have spent 3-4 years in the company.
Commissions are the most common form of compensation insurance agents gets. Their commission in entirely depended on the type of insurance they have sold, whether it’s a new insurance or renewed and on its amount.
LIC agents are constantly recognized and rewarded for their performance. Numerous competitions around the year encourage healthy competition amongst agents. This competition is for giving reward and recognition to the LIC agents.
LICs has one of the best remuneration systems in the industry that not only takes care of their employee’s current earnings but also guarantees an earning for the future. What’s more, you can set your own income targets with a potential to earn as much as you want for the rest of your life.
Training and Development
LICs provide its new hires with the best-in-class training systems since that is what differentiates LIC Agent from the rest. Even if any new agent doesn’t have previous experience in selling, this multi-dimensional training programme conducted by our qualified in-house training personnel will make you a specialist in life insurance sales.
So these were some major benefits of working as an LIC agent, there are more such benefits such as Pension, Free Insurance Coverage, Festival Advance, Laptop Advance, Medi Claim. I hope this blog has helped you, feel free to write your thoughts in our comment box below.