What is the commison for LIC agent ,how they get money?



how they get money?
monthly or some kind.
what is the commision for LIC agent for every month premimum from cosumer?

any one from LIC agent i expect answer from you

What is the commison for LIC agent ,how they get money?
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4 Replies to “What is the commison for LIC agent ,how they get money?”

  1. The insurance companies deal with the customers through insurance brokers or agents who are trained by them and they get commission on each policy which they sell the rate varies. they are paid commission on a monthly basis.the number of and value of policies sold determine the amount of commission. what you need to do to approach lic for agency and then they will train you in their training programme. after you are trained you can start your agency. if you have a good network you can sell the LIC policies.



  2. They get the money as per policy: IN some policy they get 2% like Jeevan Pramukh, Jeevan shree, in some policy they get 15% for three years and later 5% for remaining premium> All it depends on type of policy. the agents have some target from LIC like number of policy / Value to remain active otherwise they will disqualify to get their commission, this is the reason they alwys motivate the people to take policy. Once any one deposit his premium to LIC the commission of agent automatically transfer on his account> If they will not reach the target during financial year they will loss their commission. on my knowledge they need to do 12 policy in a year to get commission of their past policy and remain eligible for commission


  3. CVOMMISSION PAID TO LIC AGENT IS DEPENDS ON THE PLANS AND TERM OF INSURANCE POLICY IT VARIES FROM DIFFERENT PLANS AND DIFFERENT TERMS TOO IT IS ALSO DEPEND ON PREMIUM AMOUNT YOU PAY AND PAID MONTHLY BASIS FOR MORE DETAILS OF RATE OF AGENTS COMMISSION JUST RUSH TO NEAREST LIC BRANCH OFFICE OR PURCHASE ANY HAND BOOK AVAILABLE WITH PRIVATE PUBLISHERS IN YOUR AREA BUT BETTER YOU VISIT LIC AND GET XEROX COPY OF COMMISSION RATES FROM THEM TOO





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