5 Reasons Why a Career as a LIC Agent Can Be Rewarding

Every business small or big and every individual must have an insurance policy to be prepared for any unforeseen circumstances. Many of us do not have the time or knowledge to understand the benefits of having an insurance policy and that is where the role of LIC agent is of utmost importance. 

Becoming an LIC agent offers a lifetime of benefits for you as well as the customers, who are able to successfully secure an insurance policy. If you are wondering how to become LIC agent, it is very easy, affordable and the entire process can be done online. 

The benefits of choosing a career as an LIC agent are many to list down, but below we have compiled for you the top 5 benefits of becoming an LIC agent : 

1. Be your own boss

A career as an LIC agent is very rewarding, as it starts offering benefits to people as young as 18 years old. You can choose to become an LIC agent straight after finishing your 10th std and start earning money right away. Another attractive benefit of LIC is, that they have now started a monthly salary of Rs. 7,000, while receiving lifetime commissions for every sold policy. The benefit of becoming an LIC agent is having the opportunity and benefit of a steady income from a young age, gives one the opportunity to further explore their options and have enough money to actually invest in their dream business. LIC agents have the luxury of flexible working hours and the freedom from the pressure of spending precious hours in an office cubicle. The sky is the limit for LIC agents who have strong will power, dedication and motivation to meet their clients’ exact needs, and help them secure an insurance policy. There is no doubt that the benefits are lifetime and both ways, for the LIC agent as well as the client. 

2. Multiple Career Options

An LIC agent has the benefit of pursuing and experimenting with multiple career options, from Doctors, Business-owners, Housewives, Lawyers, Engineers, to Retirees. An LIC agent will always have a backup plan to fall upon if one or all of the many career options tend to fail. Becoming an LIC agent will open your mind to new possibilities like completing your education, save up for future business investments or travelling. It is totally up to the LIC agent on how much they choose to earn, as they are free to work at their own hours and choose their clients. Since LIC agents have the option to work at their own time and work from home, it gives them a lot of time to research about their clients’ needs and habits and offer them a policy plan tailored to their requirements.

3. Training for the unknown

Since LIC has reduced the minimum education qualification required to become an LIC agent from 12th to 10th Std, from a young age have the opportunity to be groomed by world-class trainers for the corporate world. Be 10 years ahead in communication skills, management skills and Business administration skills, from your classmates or colleagues. An LIC agent at a young age, can become a young entrepreneur and set an example for others to be motivated to follow their dreams. LIC agents are trained with impeccable skills that help you be way ahead of time than others and drive you closer to success. Since you can now become an LIC agent online with a few simple steps of the courses that are available online. The course includes training is skills like, How to do MDRT in 3 months, prospecting, suspecting, closing, objection handling, plan presentation, yield calculation, knowledge of plans and develop selling skills, form filling, after-sales services and many more such skills that will benefit you at large in the future. 

4. Work on lifetime Commission

The benefits of becoming an LIC agent are monetarily rewarding and satisfying as a profession, as you are able to help as people as possible with their insurance needs. The harder you work, the more commission you receive – repeated commission payments for one sale which continue even to your heirs should you resign or seize to exist. The first commission paid to you is the 1st year’s commission of 25% of the first years premium paid by the policyholder, you are also entitled to a Bonus Commission depending on how many lives you securely insured in your agency year. The retirement bonus is something to look forward to rather than something to worry about if you are an LIC agent for about 15 years, known as the “qualifying years”, you receive gratuity up to a maximum of Rs. 2,00,000 payable under schedule VI of the (Agents) rules, 1972. An LIC agent has to be consistent, mindful and dedicated to achieve his goals and gain rewards like, renewal commission, increased and guaranteed income, hereditary commission and retirement benefits. 

5. Become a better person

Anyone can become an LIC agent, but to become a good LIC agent reaps you benefits for a lifetime that only grows exponentially. To become a good LIC agent, you must be willing – for anything and everything and not think of it as ‘just’ a profession but think of it as a lifetime venture. Only then will you be able to reap the true hidden benefits of becoming a successful LIC agent. Since you have the opportunity to start at a young age, with a fresh mind and without the burdens of regular life, you can choose how your life will turn out to be or what you will make of it. A life as an LIC agent will engrave you with qualities like being a good listener, knowing when to stand back, entrepreneurial drive, good orator, intelligent, confident, flexible to client needs and timings and persistent. These qualities and training will last you a lifetime and always work in your favour. 

So, in conclusion, everyone can become an LIC agent and start walking to the path of success. Become an LIC agent to help save lives and business while earning lifetime profits.