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Life Insurance Corporation of India (LIC) is the largest insurance company in the country. In the June quarter, LIC made a profit of more than Rs 10 thousand crore. At the same time, in the last three years, the insurance company also made a strong profit from the stock market and the market value of its investment has doubled to Rs 15.72 lakh crore. But, do you know how much money the agent of LIC, which earns profits of lakhs of crores, gets?

How much does an LIC agent earn?

The income of the agent of a government-owned LIC varies according to the state. LIC agents earn the most in the Andaman and Nicobar Islands. There their average monthly income is Rs 20,446. At the same time, LIC agents earn the least in Himachal Pradesh. An average of Rs 10,328 per month. LIC has 273 agents in Andaman and Nicobar and 12,731 agents in Himachal Pradesh. This information has been obtained from the data of LIC, which it has provided to the Finance Ministry.

States with the most LIC agents
State Number of agents Average monthly earnings
Uttar Pradesh 1.84 lakh Rs 11,887
Maharashtra 1.61 lakh Rs 14,931
West Bengal 1.19 lakh Rs 13,512
Tamil Nadu 87,347 Rs 13,444
Karnataka 81,674 Rs 13,265
Rajasthan 75,310 Rs 13,960
Madhya Pradesh 63,779 Rs 11,647
Delhi-NCR 40,469 Rs 15,169

How many LIC agents are there across the country?
LIC has around 14 lakh agents across the country. The highest number of agents is in UP, which is the largest state in the country. LIC has more than 1.84 lakh agents here and their average monthly earnings are Rs 11,887. Maharashtra also has 1.61 lakh LIC agents. They earn an average of Rs 14,931 per month. West Bengal is the third largest state in terms of the number of agents. Here, LIC has around 1.2 lakh agents, who earn an average of Rs 13,512 per month.

What is the work of an LIC agent?

The country's largest insurance company LIC sells 99 percent of its insurance through agents only. In return, the agent gets a commission. Also, as long as the insurance runs, the agent gets some money from every installment as a commission. Sometimes it happens that the agent starts getting more commission from the old insurance than the new one. People trust LIC the most, so it is also easy to sell its insurance.

How to become an agent of LIC?

To become an agent of LIC, you can apply both offline and online. Offline, you have to go to the nearest LIC office and fill out and submit the application form. After this, you are called for an interview. If everything is right and you meet the expectations of LIC, then you will be selected and given training.

How to become an agent online?

For online application, you have to go to agencycareer.licindia.in. Here you will be able to register yourself online. If everything is right, then you will be sent information from LIC through phone call or email. In this, you will be told about the further process and rules.

Eligibility and documents to become an agent

It is necessary to have passed 10th or 12th.

Your age should be at least 18 years.

6 passport-size photos will be required.

Residence certificate, Aadhar card, and PAN card.

Benefits of becoming a LIC agent

There is a facility to take interest-free advance to buy a car.
You are also given money at a concessional rate to build a house.
LIC agent also gets the benefit of a gratuity facility.
Benefits of office allowance, travel allowance, letter pad, etc. are available.
LIC agent gets preference in LIC recruitment.