Rare Opportunity in Chennai
Rare Opportunity in Chennai
32
Applications
Chennai
Full-Time
Part-Time
Remote
Freelance
Hybrid
Fresher: Less than 1 year
Posted on Mar 04 2025
About the Job
Skills
sales
Insurance
marketing
insurance
life insurance
Life Insurance
LIC Agent Information
An agent basically needs to sell the insurance products of LIC to potential customers and get a commission out of it. It's not necessarily a field job but can also be done online sitting in the comfort of your home.
It's a commission-based job with no commitments so it's up to the agent to take it as a full-time or part-time career.
Products of LIC
- Endowment Plans that cover life risks and provide savings/huge amounts of money.
- Pension Plans which cover life risks and provide periodical payouts.
- Investment Plans such as ULIPs that give you Mutual Funds along with Life Cover.
- Term Plans which cover your life risk at a minimal premium.
- Health Plans which cover your hospital expenses along with life risk.
What An Agent Needs To Do
- Prospect a customer and sell them the product they need.
- Follow up with the customer so that the agent will get a good renewable commission.
Commission Cycle
- Twice every month, 1st and 16th.
Remuneration
- Stipend & Commission + Incentive
Why Would a Customer Want to Buy a LIC Policy
- To cut taxes since all the premiums paid to a LIC life insurance policy are exempted from tax up to ₹150,000 according to Section 80C of the IT Act, and all premiums paid to LIC's health insurance policies are exempted from tax up to ₹50,000 according to Section 80D of IT Act.
- The maturity or death benefits of LIC are exempted from tax according to Section 10(10D) of the IT Act.
- Good investment + insurance opportunity as the customer not only gets life cover but also various bonuses on maturity from LIC's annual profits which is huge compared to any other financial organization in India.
- Liability insurance
- Retirement planning
- Middle age corpus building
- Educational corpus
- Wedding corpus
- Heritage corpus
- Single living
- Life long income
- Earning accumulation
- Tax free income
- Tax free fund transfer
- Estate creation
- Wealth accumulation
- Corpus building
- Trust donations
- Couple living expenses
- Funeral expenditure
- Religious functions
- Assignment
- Financial planning
- Soverign Gurantee
- Travel planning expenses
- Assured Returns
- Insured Returns
Contact Us
P Hemachandran, LIC Senior Business Associate, Chennai
- Email: phc993@hotmail.com
- WhatsApp/Phone: +91 9840 047 670
About the company
State owned public sector life insurance corporation.Largest financial institution &life insurance organization in India. Central office in Mumbai ,with 8 Zonal offices,109 divisional offices,2048 fully computerised branches and to serve rural people LIC now opened 992 satelite offices in rural areas . Hisrory:245 Indian and foreign insurers and provident societies are taken over by the centra ...Show More
State owned public sector life insurance corporation.Largest financial institution &life insurance organization in India. Central office in Mumbai ,with 8 Zonal offices,109 divisional offices,2048 fully computerised branches and to serve rural people LIC now opened 992 satelite offices in rural areas . Hisrory:245 Indian and foreign insurers and provident societies are taken over by the central government and nationalised. LIC formed by an Act of Parliament, viz. LIC Act, 1956, with a capital contribution of Rs. 5 crore from the Government of India. The Parliament of India passed the Life Insurance Corporation Act on the 19th of June 1956, and the Life Insurance Corporation of India was created on 1st September, 1956. On 1st of September 1956, The Life Insurance Corporation of India ( LIC ) embarked upon its momentous journey in true spirit of serving the people and nation as a whole. Since then it has spearheaded the financial and infrastructure development of the nation. The performance of LIC has been exemplary and it has been growing from strength to strength be it customer base, agency network, branch office network, and the like. LIC has played a significant role in spreading life insurance among the masses and mobilization of peoples money for peoples welfare. Even after the entry of private insurers for almost a decade now, LIC continues to be the front runner in the industry in terms of market share. Mission: "A trans-nationally competitive financial conglomerate of significance to societies and Pride of India." Products:We have in our basket more than 40 different plans catering to the differing needs of different segments of the society basic insurance plans (whole life, endowment and money back), Term Assurance Plans, Pension Plans, Capital Market linked Plans, Health Plan etc. ...Show Less
Industry
Insurance
Company Size
10001+ Employees
Headquarter
Chennai
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