Can a lawyer become lic agent?

Can an advocate become LIC agent?

under law an Advocate cannot to do a work other than an Advocate. You may pray for suspension of your license of Advocate and then you may work as LIC Agent. … no advocate no doctor or no engineer no teacher can not become any LIC agent .

Can you change your LIC agent?

No, you cannot change your LIC agent. … Once the plan is sold by the agent to the customer, you are only a customer for the LIC of India and the agent has no liability to you. The only exception being that if a plan is sold to you with improper information, you can withdraw your insurance policy within 15 days.

Who can be LIC agent?

To be a LIC agent, your educational qualification should be at least 10th pass and the age should be minimum 18 years. Earlier, it was necessary to have 12th pass certificate to become an agent. – Contact your nearest LIC branch office and meet the development officer there.12 мая 2019 г.

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Can I buy LIC without agent?

Can I buy LIC without an agent? A. An agent’s commission is included in your premium in an insurance policy sold through an agent. At the same time, buying insurance from the LIC website directly, you can buy LIC policy online without an agent as well as without added commission of the agent.

Can bank employee become LIC agent?

No, A Bank Employee can’t! If it is a Pvt Bank, obtain the permission from Bank Authority then only he can apply! Any Employee If Interested he can take on his Spouse Name! Provided His Spouse with SSc or Intermediate Qualification! … Afterwards She will get LICENCE to act/work as LIC Agent!

Can an advocate do part time job?

Apart from all the above mentioned exceptions, an advocate can also accept any part-time employment after obtaining the consent of the State Bar Council. Such part-time employment must not conflict with the professional work and must not be inconsistent with the dignity of the profession[6].

What is the commission of LIC agent?

A agent gets 25% commission on LIC Jeevan Labh policy. This commission is for the first premium and then 2nd and 3rd year the commission is 7.5% and for 4th year onward till whenever the policy is in force the agents gets 5% commissions on premiums.

What if my LIC agent dies?

In case of agent’s death while his agency subsists, after agency was in force for two years or over, renewal commission will continue to be payable to his heirs or nominee provided there was a business of not less than Rs. 1 lakh in force at the time of death.

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Where can I complain against LIC agent?

The insurance company should resolve your complaint within a reasonable time. In case if it is not resolved within 15 days or if you are unhappy with their resolution you can approach the Grievance Redressal Cell of the Consumer Affairs Department of IRDAI: Call Toll Free Number 155255 (or) 1800 4254 732 or.

What is the role of LIC agent?

A LIC agent is one who is an important source of the business for the organisation. The LIC agents develop, build, and always keep maintained contacts with the clients who give business to the organisation by buying the different policies. This is why the recruiters appoint the agents with utmost diligence.

What is the benefit of LIC agent?

2] Attractive Remuneration: LIC offers one of the best remuneration systems in the industry that not only takes care of your current earnings, but also guarantees an earning for the future. As LIC agent, you can set your own income targets with a potential to earn as much as you want for the rest of your life.

Can private employee become LIC agent?

Yes it is possible to be an agent in any General insurance or Life insurance company in India. But the most important condition is the applicant for agency must not be an employee/ the relative of any employee working in Life insurance companies or General insurance companies.

What is the minimum target for LIC agent?

An LIC agent is required to sell minimum 12 policies per year, and if he fails to achieve this, he has an option to complete the target in another one year. But in the third year, if he fails to get 36 policies, his registration gets cancelled.

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How can I be a LIC agent?

Here are the steps to apply for becoming an LIC agent:

  1. Visit the official website of LIC.
  2. Click ‘Be an Agent (Individual)’ under Join Our Team menu tab.
  3. Click ‘Apply-Now’ located on right side of the page.
  4. Fill in the application form to take it ahead with the branch office.

Do LIC agents pay first premium?

Generally, the commissions start from around 10% to 15% of your premium. This is for the first premium. So if you are paying a premium of Rs 40,000, your agent will pocket Rs 16,000. … So the higher the premium you pay, the more the agent benefits.3 мая 2006 г.

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