How to work as a part-time LIC Agent in Ahmedabad

Are you searching for a part-time job to provide additional support to your family? Nowadays, leading a comfortable life needs one to ensure at least two sources of income. That means while in a full-time job, you need to start looking for a second job.

And one of the best and most rewarding ways in this regard is to start a journey as a LIC (Life Insurance Corporation of India) agent. Not only does the career of an insurance agent help you reach your earning goals but also ensures a soul-fulfilling experience for you.

LIC comes with diverse insurance products, such as life insurance, pension plans, health insurance, and so on. And as a LIC agent, your job would be to promote these products and inspire individuals to buy plans from you.

Being a LIC agent comes with lots of benefits like First Year commission, Bonus commission, renewal commission, hereditary commission, attractive perks, including club membership (upon the fulfillment of prerequisites). Even LIC agents can apply for loans at attractive interest rates to fulfill their dreams of owning a home. Moreover, you can help people make financial decisions with your knowledge and advice.

Working as a Part-Time LIC Agent

When it comes to opting for a second job, the LIC agency makes one of the top entries on the list. It is also a prestigious position, as a LIC agent contributes to society by helping and supporting people throughout their financial journeys. It is not only about selling plans to people and generating income.

As a LIC agent, you would work as a mediator between the Life Insurance Corporation of India and the potential insurance buyers. You need to strive hard to encourage as many prospective clients as possible to convince them to become your clients.

Since you also need to take care of your existing job, choose a convenient schedule where you can play the role of a LIC agent without any interruptions. Do not go overboard. Always maintain a proper work-life balance to give 100% in both of your jobs.

Note that LIC agency does not come with any fixed salary. The more plans you sell, the more income you can generate. In other words, there is no limit that you can earn being a LIC agent. Moreover, you can work as many years as you want, as there is no concept of retirement as a LIC agent.

LIC agency is one of the best self-employment strategies at the current time. Proper planning and dedication even get you to earn more than your full-time job’s salary. Once you touch that benchmark, it is up to you whether or not you would like to convert your part-time LIC agency into a full-time business.

Money Back Plans

Features:

Regular Payouts: Money back plans provide periodic payouts during the policy term, usually every few years, as a percentage of the sum assured.
Life Cover with Survival Benefits: They offer life coverage throughout the policy term, and the survival benefits do not affect the sum assured.
Maturity Benefit: On maturity, the remaining sum assured along with bonuses, if any, is paid to the policyholder.

Benefits:

Liquidity: Periodic payouts provide liquidity to meet short-term financial needs or milestones.
Protection and Returns: Combines life insurance protection with the opportunity to receive regular returns.
Ideal for Milestones: Suitable for individuals planning for future expenses like children’s education or other significant life events.

Conclusion

LIC policies offer a wide range of features and benefits tailored to meet diverse financial needs and life stages. From providing basic life protection and savings to offering investment-linked growth and retirement security, these policies cater to varied financial goals. Understanding these features allows LIC agents to effectively match clients with the most suitable policies, ensuring comprehensive financial security and peace of mind. Whether it’s protecting loved ones, saving for the future, or planning for retirement, LIC’s diverse product portfolio offers robust solutions to achieve these objectives.

How to work as a part-time LIC Agent in Ahmedabad

Working as a Part-Time LIC Agent

Money Back Plans

Conclusion

Virati Shah