LIC Agents

How to become a successful life insurance agent?

by
successful life insurance agent

Life insurance agents play a critical role in the financial well-being of their clients by helping them plan for the future and secure their loved ones’ futures. However, becoming a successful life insurance agent requires a lot of hard work, dedication, and ongoing education. In this blog post, we’ll discuss how to become a successful … Read more

Relaxations in club membership conditions for LIC agents

by

Life Insurance Corporation of India (LIC) has more than 12 lac agents. To motivate the agents, LIC has made different club according to the business procured by agents and club membership rules. These clubs mainly are, Distinguish Club, Branch Managers’ Club (BM Club), Divisional Managers’ Club (DM Club), Zonal Managers’ Club (ZM Club), Chairmans’ Club (CM Club), Newly introduced Galaxy club and Corporate Club.

Read more

Diferment of escalation clause for LIC of India's Club Member agents

by
Escalation Clause for LIC club member agents

In my earlier post “Conditions for Club membership for FY 2015-16 for LIC agents” I mentioned about the escalation clause and commission required to qualify for the particular club for the financial year 2015-16 for new as well as continuing club members. The escalation clause is a yearly increase in commission by 5% compared to last year, and it was effective from 2013-14 for new entrants and 2014-15 for continuing club members. But as per the new circular of LIC Mkt/A/21(R) dated 01/07/2015  dated 06/06/2016 escalation clause has been reviewed.

Read more