It is one of the least Insured Market in the world.
Out of total insurable population only 30% are covered till today.
These 30% also are also not adequately covered.
Only 20% of total agency force is working as Professionals, and these 20% brings 80% of total life Insurance business.
We will help build your career as a professional agent and make sure that you will be among these top 20% agents.
Growth Opportunities
Low Insurance Penetration.
Low Insurance Density.
Low Volume of Life Insurance Premium.
High per capita Savings.
Increase in working population.
Growth in personal Income.
High Consumer Awareness.
Strong LIC brand.
Remuneration
It is not a one time commission income on a sale made by you.
It provides you the royalty income through out the term of policy.
As long as policy holder pays the Premium you will get the commission income.
Moreover this commission income is hereditary i.e. it will be paid to your nominees even after your death.
The remuneration will be paid to you in the form of Commission income as percentage of premium collected through the policies sold by you.
Commission Structure
First year commission income: 20% depending up on the type & term of the policy
Bonus commission: 40% of first year commission
Total first year commission income: 20% + 8% = 28%
2nd to 5th year of policy: 7.50%
6th year onwards: 5%
Example of Your Expected Commission for the Next 5 years and onward: (New Chart to be added)
As Years passes by your Renewal Commission keeps on increasing there by assuring you a pension for the next 20 to 25 years even when you stop working or to your family on your death.
