♦ 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% | - | - |