Quick Answer: How Can I Get LIC Policy Without Agent?

What are the posts in LIC?

Preparing for the LIC exams 2020??…LIC Exam for AAOAssistant Administrative Officer (Generalist)Assistant Administrative Officer (IT)Assistant Administrative Officer (CA)Assistant Administrative Officer (Rajbhasha)Assistant Administrative Officer (Actuarial)Assistant Administrative Officer (Legal).

Can I get LIC maturity amount online?

LIC policyholders can submit maturity claim documents online till June 30, 2020. In case of Maturity Claim, the sum assured of the policy shall be upto 5 lakh.

Is LIC a govt job?

LIC (Life Insurance Corporation of India) is the largest insurance provider in India. It is a state-owned insurance group. … Technically speaking, it is not a central government organization.

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.

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.

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.

How do LIC agents make money?

LIC agent can earn unlimited since there is no specified salary. They get a commission from the policy they sell and they can earn more than their capacity. … LIC agents’ earning depends on the commission which is paid by LIC, more premium paid by the people implies more will be the agent’s commission.

How does one become a secret agent?

The following are steps you can take to become qualified for a position as a secret service agent: Get a degree….Complete the required training.Get a degree. Most secret service agents hold a minimum of a bachelor’s degree. … Apply for an open secret service agent position. … Complete the required training.

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!

What is LIC assistant salary?

Rs. 14435The basic pay of a LIC Assistant (Clerk) is Rs. 14435/- per month in the scale of Rs. 14435-840(1)-15275-915(2)-17105-1030(5)-22255-1195 (2)-24645-1455(3)-29010-1510(2)-32030-1610(5)-40080 and other admissible allowances as per rules.

Is there an interview for LIC assistant?

LIC Assistant 2020 Exam Pattern The medium of the exam is English & Hindi. The exam pattern for Prelims and Mains is given below and candidates can familiarize themselves with the exam pattern by going through the table. Candidates must note that there is no interview process for the LIC Assistant post.

Is LIC maturity amount taxable?

When the premium paid on the policy does not exceed 10% of the sum assured for policies issued after 1 April 2012 and 20% of sum assured for policies issued before 1 April 2012– any amount received on maturity of a life insurance policy or amount received as bonus is fully exempt from Income Tax under Section 10(10D).

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.

How can I get my lic money after maturity?

Maturity Claims:It is our endeavour to settle your maturity claim on or before the due date. … Please submit your Discharged Receipt in Form No.3825 with original policy document atleast one month before the due date so that the payment is received before the due date of maturity claim.More items…

How can I get LIC policy online?

a. If already registered on LIC Portal:Click on e-Services, login with your user-id and password.Register your policies for availing the e-services by filling up the form provided.Print the form, sign it and upload the scanned image of the form.Upload the scanned image of PAN Card or Aadhaar Card or Passport.More items…

What is qualification for 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.

How is LIC maturity amount calculated?

Maturity benefit would be equal to the Sum Assured + Bonus Amounts which have been received throughout the policy term + any Final Addition Bonus if declared. Now whenever the death of the policyholder happens (even after the policy term), the nominee will additionally get the Sum Assured amount as the Death Benefit.

How can I check my LIC maturity amount?

Check LIC Policy Status Online (For Registered User)Step 1:You must visit the e-Service Portal of LIC. … Step 2:You will need to enter the login credentials namely, your User Name and Password.Step 3:Once you’re logged in your Services Account of LIC, you will see various options related to the account or your policy.More items…

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.

How much we get after LIC maturity?

Maturity Benefit: If the policyholder survives till the period of maturity of the policy, he/she will receive 40% of the basic sum assured coupled with reversionary bonuses and the additional bonus amount.

Which LIC plan is best?

Best LIC PlansLIC PoliciesPlan TypePolicy TermLIC Jeevan UmangWhole Life Insurance100 years minus(-) the age at entryLIC Jeevan AmarTerm Assurance Plan10 years-40 yearsLIC Money Back 25 yearsMoney Back Policy25 yearsLIC New Jeevan AnandEndowment Plan15 years-35 years1 more row•Dec 3, 2020

How much money will I get if I surrender my LIC policy?

Guaranteed Surrender Value: The policy can be surrendered after it has been in force for at least 3 full years. The Guaranteed Surrender value will be equal to 30% of the total amount of premiums paid excluding the premiums for the first year and all the extra premiums and premiums for accident benefit / term rider.

How much commission does LIC agents get?

LIC Endowment Plan Commission Rates 2020Premium Paying TermCommission 1st YearCommission From 2nd & 3rd year2 to 4 yr5%2.25%5 to 9 yr10%5%10 to 14 yr20%7.5%15 yr & above25%7.5%Jun 29, 2020