Table of Contents
How can I make LIC agent?
How to Register on LIC Agent Portal
- Click ‘Agent’s Module Helpline’ under Online Services menu tab.
- A new page will open. Click ‘Click Here to Register’.
- Enter the relevant details and then click ‘Generate OTP’.
- An OTP will be sent to your registered email ID/mobile number.
- Enter the OTP and your registration is done.
What is micro plan in LIC?
LIC’s Micro Insurance Plans are not plans but opportunities that knock on your door once in a lifetime. These plans are a perfect blend of insurance, investment and a lifetime of happiness!.
What is a micro insurance policy?
Microinsurance refers to insurance products that offer. coverage to low-income households. A microinsurance plan provides protection to individuals who have little savings and is tailored specifically for lower valued assets and compensation for illness, injury or death.
How much do LIC agents earn?
The statistical data suggest the average income of an LIC agent to be Rs. 39,200/- to Rs. 67,000/- per month. The figure varies depending upon the number of policies an agent sells and amount of premiums paid by the policy holders.
What is micro insurance premium?
Microinsurance is a financial arrangement to protect low-income people against specific perils in exchange for regular premium payments proportionate to the likelihood and cost of the risk involved.
What are the uses of micro LIC?
LIC Micro Bachat Policy. This is a policy of LIC that aims to provide financial support to the policyholder’s family in case of his death during the term of the policy. It also guarantees a lump sum for the surviving policyholder at the time of policy maturity.
Who is a micro-insurance agent?
6 (2) Where a Micro Insurance Agent is an individual appointed by an insurance company he shall not employ Specified Persons.
What is the biggest role of micro-insurance?
Microinsurance is a transversal opportunity for insurers to get closer to their clients, offering the right coverage at the right time. Microinsurance comes as a transversal opportunity that can help close the protection gap while allowing carriers to propose customer-centric products and services.
How old do you have to be to become a LIC agent?
To become a LIC agent all you need is the educational qualification of being 10th pass and you should be above 18 years of age if you meet the required criteria you can just go and contact the development officer at the nearest the LIC branch.
How to apply for an insurance agency license?
An application for an insurance agency license must be signed by an individual listed as an officer/director on the application, who directs or participates in the management or control of the agency.
Can a micro insurance company offer general insurance?
The flexibilities provided in the Regulations allow the insurers to offer composite covers or package products. Insurance companies are now offering already approved general insurance products as micro-insurance products with the approval of the Authority, if the sum assured for the product is within the range prescribed for micro-insurance.
What kind of insurance is offered by LIC?
Micro Insurance Plans offered by LIC are a perfect fit of insurance and investment. The Micro Insurance plans offered by LIC are as follows: This is a protection plan that of premium at maturity.