Life Insurance Corporation of India (LIC) is an Indian Government owned Life Insurance organisation headquartered in Mumbai. It is the largest insurance company in India. It has presence all over India and a trusted brand name.
LIC’s slogan Yogakshemam Vahamyaham is in Sanskrit language which translates in English as “Your welfare is our responsibility”. This is derived from ancient Hindu text, the Bhagavad Gita‘s 9th chapter, 22nd verse.
Every day we wake up to the fact that more than 30 Crore lives are part of our family called LIC.
We are humbled by the magnitude of the responsibility we carry and realise the lives that are associated with us are very valuable indeed.
Though this journey started over five decades ago, we are still conscious of the fact that, while insurance may be a business for us, being part of millions of lives every day for the past 59 years has been a process called TRUST.
What is LIC Agency:
It’s a profession where appointed agents sell LIC’s policies to residents best suited to fulfill their needs.
How an Agent earns:
It is a pure commission based job and our professional agents are earning in Crores.
LIC pays commission to its agents on premium they bring. The commission is paid each time his/her client pays premium. Apart from regular commission some benefits like Vehicle Advance, Group Insurance, and Gratuity etc. are also provided