Contents
What are LIC Agent Benefits
LIC Agent Benefits explains complete information about benefits covered under LIC Policy Scheme. Life Insurance Corporation(LIC) of India Provides two types of Benefits. Two types of LIC Agent Benefits are Survival Benefits and Death Benefits. Under Survival Benefits 4 types of benefits are covered in LIC of India. They are Eligibility for Renewal Commission (E.R.C ), Gratuity, Exempted from Minimum Business (EMBG) and Samvardhan Pension Scheme. Under this Death benefits four types of benefits are included. Four types of death benefits covered under LIC of India are namely Heriditory Renewal Commssion (H.R.C ), Gratuity, Term Insurance and Group insurance.
Survival Benefits: Survival Benefits include
- Eligibility for Renewal Commission (E.R.C )
- Gratuity
- Exempted from Minimum Business (EMBG)
- Samvardhan Pension Scheme.
Death Benefits: Death Benefits include
- Heriditory Renewal Commssion (H.R.C )
- Gratuity
- Term Insurance
- Group insurance.
Here Complete details about LIC Agent Benefits such as Survival benefits and Death benefits are given below. For more information about LIC Agent benefits please visit LIC Agent Portal.
Life Insurance Corporation of India Agent Survival Benefits
ELIGIBILITY FOR RENEWAL COMMISSION (E.R.C )
- For E.R.C (Eligibility for Renewal Commission) of 5 to 10 years – Minimum Sum Assured in force 2 Lakhs.
- For E.R.C of more than 10 years service – No Linkage with Minimum Sum Assured(SA).
- If the Agent Service is Minimum 2 years and if the Agent is terminated on his becoming physically or mentally incapacitated to carry out his function and the policies issued by him of not less than of Rs.1,00,000 SA then the Renewal Commission shall be paid to the agent.
GRATUITY
- Must have worked continuously for 15 years or more Qualifying years and not below 60 years.
- Agent had worked for 15 years or more Qualifying years but Agency is terminated.
- Confirmed but died while agency is in force.
- Agency is terminated on Mental and Physical Grounds.
- Once Gratuity is paid no further payment is done even if he continues agency.
- If the Agent is eligible to take Gratuity and if the Service of the agent is less than 15 years then the Actual Average will be taken.
- Quantum and Eligible Rate are decided on Qualifying Years, Age and Qualifying RC in each Qualifying year.
- Lic gives GRATUITY of 2 lakhs, if an lic agent has minimum 15 agency years.
- 15 Years Service and 55 Years age (OR)
- 21 Years Continuous Service (OR)
- 15 Years Service with a Renewal Premium of Rs. 40000 Per annum.
SAMVARDHAN PENSION SCHEME
| Eligibility |
|
| Age (in Years) |
|
| Accumulation period (in Years) |
|
| Annual commission |
|
| Contribution |
|
| Minimum deferment period |
|
| Benefits payable |
|
| Benefits on death |
|
LIC Agent Death Benefits
HERIDITORY RENEWAL COMMISSION (H.R.C)
- Minimum Service – 2 Years from DOA.
- Minimum Business – Rs.1,00,000 SA in force.
- In case of unfortunate death of agent, the commission payable to him shall be payable to the Nominee or Legal Heir of the Agent.
GRATUITY
- Gratuity is Payabale, for the Agent who dies while his agency is in force. (OR)
- Agent is physically or mentally incapacitated for carrying out his functions.
TERM INSURANCE
Under LIC Agent Benefits, free term insurance is payable in the event of death of a confirmed agent before 60 years of age provided among some other conditions
- Agent’s death before 60 Years of Age
- Agent was appointed before 50 years of age.
- Agent must have completed at least three qualifying years.
- On the date of death, his Agency was in force.
- Agent must holds an insurance policy for at least Rs. 5,000 at the time of death(other than a temporary insurance policy).
GROUP INSURANCE SCHEME
Under this LIC Agent Benefits, Group Insurance Scheme is also available. Complete details about Group Insurance Scheme is tabulated below
| CATEGORY | DURATION OF AGENCY | INSURANCE COVER | PREMIUM |
| I | From 1 to 3 Years | 50,000 | 150 |
| II | Greater than 3 to 5 Years | 1,00,000 | 300 |
| III | Greater than 5 to 10 Years | 3,00,000 | 900 |
| IV | Greater than 10 Years | 5,00,000 | 1500 |
lic.agent detail
I help you to choose right insurances plan, investment and benefit for you. store of LIC products information.
KETAN – 9925911274.
W
Status
how to become an LIC agent with SSLC qualification
IF WANT BECOME LIC AGENT CALL
hi iawant to be lic agent 9873757781
i want to be lic agent
Contect me for lic agent 8005739114
As a agent in one year if I deposit 12 nos. of policy and total premium is less than 1,00,000 then am I eligible to get bonus commission?
Sir 3 sal se kam chali policy ka v surrendar value party ko payment karne par vichar kiya jai.
hi any one want lic policy contact me yogesh 9773441684/8286063323
Best performance in india
Hi I’m an lic agent n this is my 4th year and i want to know how to save my licence is there any compulsory rule that i have to do minimum 1 lakh premium to save it
Pls give me reply immediately
I am lic agent from tamil nadu. contact me 9790177160
please keep updating the latest changes in this account…thank you
Sir. Meri agency ko 7 Year complit ho gaye hai. Ab me aage work nhi kar pa raha hu. To muje renewal commission milega ya nhi pls replay
Sir,
My wife Smt Hemlata Saxena is l.i.c. agent and agency code 5734/354 date of appointment 15-05-1996 , date of birth 25-09-1955 and applied for Gratuity on dt. 01-10-2015 and Renuval comission is avrage 50000
So please calcullated Gratuity amount and which formula
Thanking you
Hi Any one want LIC policy contact Nitin chawla main aapko what up par plan send kar sakta hu
My contact no 9953299499 Nitin chawla
I ALREADY COMPLETED 15 YEARS CONTIOUSLY AS AN LIC AGENT . CAN I EXEMPTED FROM N B G ?
100000 premium ka kitna bonus milta hai
Sir i did 14 years business as an lic agent can i obtained my gratuaty?
SEND POLICY HOLDERS STATUS & ACHIEVE TARGET TO ALL AGENTS
Lic Agent jyoti -9555402595
Clear your doubt / query about Lic plan and policy….in GURGAON and delhi……NCR….
भारतीय जीवन बीमा निगम.
Manoj Sharma
mnjshrm638@gmail.com
9911335083..
IF ANY PERSON WANT ANY TYPE LIC POLICY
INOCME TAX RETURN, PAN CARD, SERVICE TAX REGISTRATION
CALL -8273980693
LIC AGENT KO MINIMUM 10 LAKH GRAUTITY HONA CHAHIE. GOVT EMPLYEE KO 7 VA VETAN SE GRAUTITY 20 LAKH HO JAYEGI. LIC AGENT KO 10 LAKH GRAUTITY HONA CHAHIE. WO BHI TO LIC KE LIYE KAM KARTA HAI.
Available Mediclaim Policy of entire family (Husbund +Wife+3 children’s +parents) for Rs.450/- per year only.
Contact – Sanjay Joshi
M – 7498035738/9221935809
IF ANY PERSON WANT JOIN AS LIC AGENT
HE OR SHE CONTCT AND FIND MAXIMUM BENEFIT-8273980693
Hi,If any one wants to take an LIC policy please contact me.08754310965
IF YOU WANT ANY TYPE OF LIC POLICY DETAILS CALL ME. .
CALL-:09338685128
If any one want lic policy pls contact me
8980490928
Jaydeep Senjaliya
Dear Sir,
How to calculate the gratuity amount? Agency started in the year 10/1993. Once reinstated.in the year 10/2014. Totally 21 out of 22 years completed. Now the agency is in force. Please give the correct calculation method..
Regards,
please contact me
PLEASE GIVE ME DETAILS
9666665220 (TS&AP)
Sir,
I am LIC Agent and worked for 11 years as LIC Agent. Further to inform you that due to high sugar and weak heart and breathing problems I got admitted to hospital (ICU) last year twice in a gap of two months. I am physically very weak and I cannot continue my LIC agency. Please let me know whether I am eligible for Gratuity from LIC.
Please confirm
I am one year lic agent.
contecat me:-9461937894
IF ANY PERSON WANT ANY TYPE OF LIC POLICY PLEASE MAKE A CALL I WILL GIVE BEST SERVICE
I want to closed my new bima gold plan please send me a mail id of vapi branch 868 branch code
i doing as lic agent wef 22 sep 2011 my agency code is 20543/137 my agency terminate on4th agency year due to my health not permitted me for this job i admitted 10 day in hospital i wants e.r.c where i submitted my application for continouse commision
I am an Lic agent since 1993. So I have completed 22 years.Now I can not deposit MBG 12lives & 1lakh premium in this agency year (2015-2016). My agency will terminated or not.Pl inform me.
IF ANY PERSON WANT ANY TYPE OF LIC POLICY
INOCME TAX RETURN, PAN CARD, SERVICE TAX REGISTRATION
CALL -8588857366,9873927723
LIC AGENCY IS A NOUBLE PROFFESION.HERE SOMEONE CAN EARN UNLIMITED.
I HAVE ALREADY DEPOSITED THE PREMIUM ON 17.03.2016. TILL DATE I HAVE NOT YET RECEIVE THE POLICY NO ALONG WITH THE BOND. BUT I HAVE THE PROPOSAL DEPOSIT RECEIPT. HOW CAN I AM ABLE TO KNOW MY POLICY NO ?
MY RECEIPT NO IS : 5164886 / 17.03.2016
hi any one want lic policy contact me
IF ANY PERSON WANT ANY TYPE LIC POLICY
PLEASE CONTACT ME 9878230376
LIC agents are useless.. my LIC agent not giving any service to me.. whenever u ask anything she ll say LIC office people are not giving her proper information and sometimes she only disappears.
Me lic me working krna chata Hu
If anybody wants to become LIC agent, He or she can call – 9889805572 Saurabh, Development Officer Lucknow
IF ANY PERSON WANT TO DO ANY TYPE OF LIC POLICY FOR SAVING PURPOSE OR TAX SAVING PURPOSE ,FOR CHILD MARRIAGE PLAN OR STUDY PLAN THEN CONTACT ME -PRIYABRATADAS-CONTACT NO-08121145691,HITEC CITY MADHAPUR,HYDERABAD.TELANGANA.
FOR MORE REGARDING LIC OF INDIA CONTACT
priyabratadas1977@gmail.com
other policy holders service commition
In current finance year advance premium When accepted by Lic.many policy holders premium is irregular due to her/his incom so hurry about this matter….thanks
If any one want Lic policy call me contact 7505617838
IF ANY PERSON WANT JOIN AS LIC AGENT
HE OR SHE CONTCT AND FIND MAXIMUM BENEF
Mobile no. 9897905812
Ddeveshkumar2014@gmail.com
if any parson want policy as lic contact no +919852426056
i am an lic agent and working with lic from last 16 years in this period one time my agency is terminated c now i want to discontinue my agency. my age is 46 can i claim gratuity.
Sir 1st year target complete nahi hua to agency terminate hoti hai kya….
How to join a LIC Agent . i have passed 10+2 . phone no. 7204182425
For lic, pan card,income tax filing… please contact the given cellno 9826316049 at indore only.
I want to become LIC agent in GUNTUR (A.P)
I am lic agent 34275951 from HADAPSAR( BR.95M) my name KALPANA DILIP PAWAR (Old Name JAYASHREE DILIP PAWAR ) MY LIC Portal is not open b’coz of my name is changed ,so pl my portal is activate as early as possible
I completed 25 years as a lic agent.my age is 54 years what benefits I am eligible,please give me details of it.
now i am working as l i c agent under d o. shall i work as direct agent.
Mpj lic agents
Dhanop bhilwara Rajasthan
Sir Maine around four years LIC agent ka kaam kiya or uske baad mai bimari ke wajah se kaam nahi ker payi to mujhe commission milega ki nahi. Please help & suggests.
Regards
Aparna
DEAR SIR, MERI AGENCY FORTH YEAR ME 100000.00 KA PREMIUM PURA NAHI KAR PAI. AUR FIFTH YEAR K LIYE AGENCY CODE LOCK HO GAYA HAI, TO ISKO OPEN KARNE K LIYE KYA KARNA HOGA.
Dear sir
I am A Lic Agent and also Star Health Insurance Agent I will explain each and everything about premium and maturity amount and term.
I am also pankard agent
Waiting for your reply me to 9030966019
Sainath Reddy
LIC and Star Health Insurance Agent
9030966019
IF ANY PERSON WANT ANY TYPE LIC POLICY low & high premium so contact me
Anand Singh
Lic of India
Dear Visitors, if you want to clear your queries against LIC plans or want to purchase LIC plan then you can contact us … Only for Punjab Region Visitors…
E-Mail: rajomajra9999@gmail.com
Contact No: 9256145186
ANY BODY WANTS TO DO LIC INSURANCE POLICY PLEASE CONTACT ME –
CHAYAN BANERJEE , Barrackpore Branch KOLKATA, W.B.
Phone No. – 8981265715,8583908282
13 year agency ko ho gaye group inshorens kitne lakh ka hoga
Agency ko 13 saal ho gaye. Group insurance kitne lakh ka hoga.
एजेंसी को 13 साल हो चुके है। ग्रुप इन्सुरेन्स कितने लाख का मिलेगा ।
For taking LIC contact on 9996504925
pawantirumala@gmail.com
Sir.
May I know the minimum target for lic agent who completed 10years…as on today…
6 policy or 50,000 me target hota hai kya
plz, comment
6 policy or 50,000 me target hota hai kya
plz, comment
Sir,
I have completed 13 years of continous service with LIC as an Agent and now there is no business in market. I want to know whether I am eligible for Gratuity and what are the other benefits for which I am entitled.
Vikas
9440057966
Sir,
What is the minimum business for urban areas for LIC agent for current year.
Regard
Vikas
if any one want to take new LIC Policy, please contact me :Surya-9900820286
If anyone want to join Lic as financial advisor ( Agent) in Delhi ,Noida,ghaziabad, anywhere in U.P…..
Dev. Officer
7289962950
If anyone want to join Lic as financial advisor ( Agent) in Delhi ,Noida,ghaziabad, anywhere in U.P…..
Dev. Officer
9015533355
doamitsingh@rediffmail
Want to know LIC Agent benifit
My Agency Code no. is 1365491 Dibrugarh Branch, Asom.
Date of Barth : 9/08/1929.
Mobile no : 9748433433
Previously LIC is not There the name was Hindustan Co-Opt. Society (1952), at that time I received 4thousand rupees from them. After that in the year 1956 LIC came in the market from that day to till date I am working as Agent of LIC. different convention, meeting at Asom office they inform us that I may be entitled to get Gratuity. Accordingly I perusing with my Branch head as they said me I may contact to Senior officer at Kolkata in respective office . At present I am 87years old till working actively but I can’t proceed to Kolkata to look after my fringe benefits. The reason I express my Details at this space for your kind perusal. Now I hope you may kindly inform me to whom should I peruse the meter on behalf of me.
Sir oct 2001 se March 2017 tak mere agency ka 15 year’s ho gaya hai. Mera agency in force hai. Main kabhi terminate nahi hua. Mujhe Gratuity milega ya nahi.
If you any lic policy call me 7842636515 Anjaneyulu
For more details of policy and other details
Please contact 8604339543
Any query ,relates to lici…plz call 8777398568
Where to contact for insurance
I completed 29 years as on August-2017. Kindly tell me formula to calculate my Gratuity amount here, with an example.. Thanks
I complete 29 years as an Agnent .
Agent
I have agency from 1993 my age 47 i want gratuity
LIC AGENCY IS BEST PROFEATATION OF WORLD FOR MY PROFEATATION
MY 26 YEAR FORSE MY PROFEATATION ,15YEARS CHAIRMANS CLAB MEMBER CONTINUE MY AMBITATION
END OF LIFE CONTINUE MY CHAIRMAN CLUB MEMBER
CONTACT NO:9432369779 BRANCH CODE-41C
Im LIC agent since Jul 2004 (113961141 Subhash Kumar).
I propose that the policies lapsed after paying some premiums could not be re-started after shifting of DOC. The DOC should be shifted since the income environment is not running well. Once policy becomes unpaid, it is very difficult to repay the same, especially, monthly through bank. It, not only, affects the customer’s faith but also reduces the further business of agent and the company as well.
I request your kind honour to please look into the matter generously ti keep up the number 1 position and above that the trust of public over LIC.
Regards.
Subhash kumar
If I do 6 policy + 50000/ ftp for 15; years & completed my 60 yr age .will i be eligible for gratuity?
If as lic agents appointment is on 13 November 2002 and minium target 12 policy not completed on 30 November 2017 can eligible for survival benefits if he resonated agency in same year.pls give guidelines.
I will be obliged to get your reply on my email id. officeagrawalknath@gmail.com for the harassment of corporation
officers not replying my letters and emails. I took LIC Agency in March 1980. Worked in full force till till 2010 and completing all norms. Was DM Club Members for 10 years and ZM club member for 7 years. Due to illness can not
work after 2010. And get Exemption from Minimum Business quota. Now Agents Master is showing Bonus Flag and
Not eligible for Bonus remark. Not only this the Life time Club membership is not granted for taking combined figure
of DM and ZM club. None of my letters are being replied either by Branch or Divisional Office. What to do ????????????
IF ANY PERSON WANT ANY TYPE LIC POLICY
Call me – 9999758363