Tuesday, March 7, 2023

HOW TO BECOME AN LIC AGENT

 Here are the steps to become an LIC agent:

  1. Eligibility criteria: The minimum age to become an LIC agent is 18 years, and there is no upper age limit. The candidate must have completed 10th standard or equivalent examination from a recognized board.

  2. Training: The candidate must undergo pre-licensing training, which consists of 50 hours of theoretical and practical training on insurance products, regulations, and sales techniques. The training is provided by LIC-approved training institutes.

  3. Exam: After completing the pre-licensing training, the candidate must pass the Insurance Regulatory and Development Authority of India (IRDAI) licensing exam. The exam consists of 50 multiple-choice questions and requires a minimum of 35 correct answers to pass.

  4. Background check: After passing the exam, the candidate must undergo a background check, which includes a police verification and submission of relevant documents.

  5. Apply for the agency: After completing the training, passing the exam, and clearing the background check, the candidate can apply for the agency with the nearest LIC branch office. The application form must be accompanied by relevant documents such as proof of identity, address, education, and the training certificate.

  6. Approval: After submitting the application, the LIC branch office will verify the documents and conduct an interview with the candidate. If approved, the candidate will receive an appointment letter and will be registered as an LIC agent.

  7. Start selling: Once registered as an LIC agent, the candidate can start selling LIC policies and earning commissions.

In summary, to become an LIC agent, one needs to meet the eligibility criteria, undergo pre-licensing training, pass the IRDAI licensing exam, clear the background check, apply for the agency, get approval, and start selling LIC policies. It's a great career opportunity for those who are passionate about helping people and want to earn a good income through commissions.

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