How to Become LIC Agent – Complete Guide to Start Your Career

Two months later, Rohit passed his NISM exam with a score of 76%. In his first week as a sub-broker with Angel One, he closed a trade worth ₹50,000.

"Bhaiya, I never thought stockbroking could be this exciting," he said, smiling.

Sameer responded, "The market rewards those who study and act. Now, go guide others as I guided you."

If you, like Rohit, want to begin your stock market journey, start with the NISM exam, choose your model (sub-broker or full-time broker), and take the first step.

Why Choose LIC as a Career?

"LIC is not just a job, it's a career with freedom, income, and social respect," Arjun explained.

Life Insurance Corporation of India (LIC), established in 1956, is India's largest and most reputable insurer. With over 13 lakh agents and ₹45 lakh crore in assets under control, it provides unique opportunities.

Kunal wasn't expecting this.

"But do agents really earn that much?"

Arjun smiled. "Let me show you a simple breakdown."

LIC Agent Earnings Example (First Year)

Arjun explained, "You could easily earn ₹40,000+ per month by just selling one policy every 2-3 days."

What are the Eligibility requirements to become an LIC Agent?

Kunal got curious now. "So what do I need to become one?"

Arjun stated the eligibility requirements.

Eligibility Criteria:

• Age: Minimum 18 years
• Education: Minimum 10th pass
• Documents Required:
  • PAN Card
  • Aadhaar Card
  • 10th or 12th mark sheet
  • Address proof
  • Passport-sized photographs
  • Cancelled cheque/bank details

"When I applied 9 years ago, I only gave my 12th-grade mark sheet and Aadhaar card. "It is that simple," Arjun said with a smile.

How To Register and Apply Online?

Arjun opened his laptop and taught Kunal how to register. "LIC has computerised everything. You can even apply on your phone!"

Steps for Applying Online via the LIC Official Website:

1. Visit https://licindia.in.
2. Click on "Be an Agent" under "Join Our Team"
3. Select Individual Agent > Apply Online.
4. Fill out the form with your essential information.
5. Upload the essential documents.
6. Wait for the LIC Development Officer to contact you for an interview.

"My DO called within 48 hours," Arjun explained. "It's a very smooth process."

Some Mandatory Training & IRDAI Exam

Kunal nodded. "So once I apply and get selected, then what?"

"You will go through a 25-hour training program—online or offline," Arjun explained.

This training is based on IRDAI (Insurance Regulatory and Development Authority of India) guidelines. It covers:

• Life insurance basics
• Market ethics
• Financial planning
• Sales skills

Once completed, the candidate must pass the IRDAI Licensing Exam.

Exam Details:

• Conducted by: IRDAI
• Format: Online
• Questions: 50 MCQs
• Pass Marks: 18 correct answers
• Duration: 1 hour
• Fee: ₹500 + GST

Arjun said, "I finished it in one go.  "If you study for 3-4 days, you can do it too."

LIC Agent Training & Exam Timeline

How LIC Supports New Agents?

Kunal seemed nervous. "Won't I be alone? "How will I find customers?"

Arjun laughed. "That's the beauty of LIC, they don't just train you, they support you!"

After passing the exam, you're allocated to a Development Officer (DO), who helps you expand your clientele and provides you with:

1. Leads and referrals
2. One-on-one mentorship.
3. Weekly performance comments.
4. Joint client meetings
5. Marketing material

Arjun said, "In my first 3 months, my DO helped me close 12 policies!"

Post-Joining Support for LIC Agents

Income Growth, Perks & Long-Term Benefits

"The real question now is, what is the long-term income potential?" Kunal stated.

 Arjun, "There isn't a maximum."

Here’s how your income grows:

• Year 1: ₹2,00,000–5,00,000
• Year 2–3: ₹6,00,000–10,00,000 (with renewal commission)
• Year 5+: ₹10,00,000–15,00,000 and beyond
• Performance-based bonuses range from ₹25,000 to ₹2,00,000 every year.
• Pension: Based on years of service and policies sold.

"Last year, I earned ₹12,00,000, and I travel internationally twice a year—all through LIC," Arjun continued.

Conclusion

Selling policies is only one aspect of being a LIC agent; another is creating a stable, respectable, and financially independent existence. This path is perfect for anyone looking for both purpose and income because it requires no investment, offers flexible hours, and allows for endless growth.

Are you ready to go on your LIC adventure? To find out how LIC products stack up against alternative financial solutions, visit https://licindia.in or look into websites like LoansJagat.  Like Kunal's, your future could begin with a single choice.

FAQs on How to Become a Lic Agent

Do LIC agents have access to a digital platform or app for managing their clients?

Yes, LIC's Agent Portal and mobile apps, such as the LIC Agent App, allow agents to digitally manage client portfolios, follow leads, make proposals, and review commission statements.

Do I have to report to a Development Officer (DO) or may I operate independently?

All new agents are initially supervised by a Development Officer. Despite working alone, DOs provide guidance, training, and performance evaluations, especially in the first year.

Can homemakers or retired professionals become LIC agents?

Yes, LIC encourages applications from retirees, homemakers, and independent contractors. There is no upper age limit as long as you meet the eligibility conditions and are healthy enough to work.

Does LIC offer its agents health or retirement benefits?

High-performing agents may be eligible for group mediclaim, gratuities, and even pension-like benefits under LIC's Agent Welfare Fund after a number of years of employment, even though LIC agents do not get official employee benefits.

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LoansJagat Team

We are a team of writers, editors, and proofreaders with 15+ years of experience in the finance field. We are your personal finance gurus! But, we will explain everything in simplified language. Our aim is to make personal and business finance easier for you. While we help you upgrade your financial knowledge, why don't you read some of our blogs?