LIC Agent Benefits
Commission on Sales
You can earn more than rs 50,000/month, get 35% commission from the premium, high income without investment.
Interest & Club Membership
Interest free advances for festival, flood, wo wheeler, four wheeler, furniture, housing loan and sales promotional gifts.
Retirement Benefit
Gratuity upto a maximum of Rs. 2,00,000/- is payable, provided the agent has completed the business guarantee for at least 15 years.
Increasing Income
With the above recurring income-feature of the insurance compensation your income goes on steadily increasing every year. Your renewal commission will grow faster every year.
Hereditary Income
As Years pass by, the Renewal Commission starts building up. There by assuring you a pension for the next 20 to 25 Years.
Create Your Own Pension
Construction No retirement, lifelong income (you can get renewal commission lifelong), eligible for pension.
All your Dreams Can Come True
Unlimited Income, Two / Four Wheeler, Dreamed House / Office, Status in Society, International Status, Job Satisfaction, Peaceful Life.
International Recognition
Insurance Awareness and Potential is more in Twin Cities of HYDERABAD / SECUNDERABAD and People have more Trust in LIC. MDRT INR 9,98,900 Commission, COT INR 29,96,700 Commission, TOT INR 59,93,400 Commission.
LIC Advisor/Agent Offers
To mention few of these are:
- First Premium Commission
- First Year Commission
- Renewal Commission
- Hereditary Commission
- Office Allowance
- Furniture Advance
- Festival Advance
- Advances for Natural Calamities
- Computer Advance
- Marriage Advance
- Group Term Insurance
- Gratuity
- Competition / Gifts
- Housing loan at subsidized Interest rates
- Advances for Medical treatment of Self & family
- Interest free Two Wheeler Advance for Club members (Other Agents with interest)
Benefits To Performing LIC Advisor
Club memberships
One of the best initiatives taken by the Life Insurance Corporation of India towards their agents is Club Membership. Based on the performance done by the agents LIC recognizes their agents by way of clubmembership. A special status is given to a Club Agent.
Following are the levels of club membership.
- Branch Manager’s Club Member.
- Divisional Manager’s Club Member.
- Zonal Manager’s Club Member.
- Chairman’s Club Member.
- Galaxy Club Member.
- Corporate Club Member.
Apart from the Commission payable, Club Agents are given additional benefits.
- Office Allowance to maintain your own office.
- Telephone/Mobile bill reimbursement
- Reimbursement of Sales Promotional Gift items.
- Interest free advance for purchase of Car/Motorbike.
- Interest free advance for purchase of office equipments
- 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.
- Annual Convention and many more.
The total monetary equivalent of all above benefits ranges from Rs.5,500 to Rs.5,50,000, depending up on level of Club Membership.
International recognition from MDRT
Founded in 1927, the Million Dollar Round Table (MDRT)
What is MDRT:
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 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.