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benefits of lic agency

LIC agency is considered today as the highest paid profession in the world.
You have freedom to set your own working hours.
You have the opportunity to earn as per your potential.
The remunaration given to Insurance Agent is by way of Commission.
Based up on the type of Product Sold by the Agent the commission gets varied.
There are various types of Products available with LIC.
Commission for the Products are given below.

Product Type 1st Year 2nd, 3rd Year 4th - Till End
Endowment 25% 7.5% 5%
Money-Back 20% 7.5% 5%
Single Premium 2% - -
Additionally, Bonus Commission is payable which is 40% of First Year Commission.
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