LIC Agent Commission Chart: LIC agents are official insurance advisors who explain you about the LIC Policy and in return, they earn the commission. Many of us want to know how much an LIC Agent gets Commission? What is LIC Agent Commission Rate? Here I have given complete details of Agent Commission in LIC India. So, go through the following sections of the article to know more about LIC Agents Commission.
Contents
LIC Agent Commission Chart
LIC Agent Commission is nothing but the commission that an LIC Insurance Agent gets from the corporation. Life Insurance Agency is a unique career. Because the harder you work the more commission you get. It varies from Policy to policy, and also the Commission of LIC Agent is based on the term of the policy. That means higher the term, more the commission that the agent gets.
The first Agent commission in LIC will be dependent on term of the policy and type of the policy (Endowment, Money back, etc). Here we have provided the information about the commission that an LIC agent gets, and you can also get from Lic Agent Portal. The LIC Agents Commission in Insurance is also based on the type of the policy which is available on our website.
The maximum commission that the LIC Agent gets in the first year is 25% for 15 years, and above and commission is reduced to 5% after the 4th year. In some cases, the agents offer to pay the first month premium to encourage us to start the policy. Here, you can also get the LIC Agent Commission Status from our site.
For Endowment Natured Policies with 15 years or more term a first year commission of 25% and a Bonus Commission on the same to the extent of 10% on the First Yr Premium. An overall 35% is payable provided the Agent is eligible for Bonus. Otherwise, the maximum LIC of India Agent Commission payable remains to be 25 % on the First Year Premium Paid. Moreover, the sale of Life Insurance gives repeated commission payments for one sale. The LIC Agent commission rate continues even after the agent resigns or dies; provided the agent has the required business in force as per rules.
LIC Agent Commission Details
| First Commission | Depending on Term of the policy and type of the Policy like (Endowment/Money back etc.) |
| First Year Commission | Commission payable on the First year premium. |
| Bonus Commission | Subject to conditions. |
| Renewal commission | Depending on Term of the policy & type of the policy. |
Types of Agent Commission in LIC
The maximum amount of Lic Agent commission 25% in endowment plans and acquires 15% in Money back plans. You can get complete details upon Lic agent commission which are enclosed below.
|
YEAR
|
1st Type
(ENDOWMENT)
|
2nd Type
(MONEY BACK)
|
| 1st YEAR | 25% | 15% |
| BONUS COMM. | 40% OF COMM | 40% OF COMM |
| 2nd YEAR | 7.5% | 10% |
| 3rd YEAR | 7.5% | 10% |
| 4th YEAR onwards | 5% | 6% |
| 1st YEAR | 25% | 15% |
Example for LIC of India Agent Commission
| ENDOWMENT TYPE | MONEY BACK TYPE |
|
1st Year :10000 X 25% – 2500
Bonus : 2500 X 40% – 1000
2nd Year :10000 X 7.5% – 750
3rd Year :10000 X 7.5.% – 750
4th Year :10000 X 5% – 500
5th Year :10000 X 5% – 500
6th Year :10000 X 5% – 500
7th Year :10000 X 5% – 500
8th Year :10000 X 5% – 500
9th Year :10000 X 5% – 500
10th Year :10000 X 5% – 500
11th Year :10000 X 5% – 500
12th Year :10000 X 5% – 500
13th Year :10000 X 5% – 500
14th Year :10000 X 5% – 500
15th Year :10000 X 5% – 500
16th Year :10000 X 5% – 500
17th Year :10000 X 5% – 500
18th Year :10000 X 5% – 500
19th Year :10000 X 5% – 500
20th Year :10000 X 5% – 500
TOTAL : – 13500
|
1st Year :10000 X 15% – 1500
Bonus : 1500 X 40% – 600
2nd Year :10000 X 10% – 1000
3rd Year :10000 X 10% – 1000
4th Year :10000 X 6% – 600
5th Year :10000 X 6% – 600
6th Year :10000 X 6% – 600
7th Year :10000 X 6% – 600
8th Year :10000 X 6% – 600
9th Year :10000 X 6% – 600
10th Year :10000 X 6% – 600
11th Year :10000 X 6% – 600
12th Year :10000 X 6% – 600
13th Year :10000 X 6% – 600
14th Year :10000 X 6% – 600
15th Year :10000 X 6% – 600
16th Year :10000 X 6% – 600
17th Year :10000 X 6% – 600
18th Year :10000 X 6% – 600
19th Year :10000 X 6% – 600
20th Year :10000 X 6% – 600
TOTAL : – 14300
|
|
FOR SINGLE PREMIUM — COMM. IS 2 %
|
|
From the above table, you noticed that if term is more then your agents commission is also more. So, higher the term, more the commission that the agent gets.
Note:
- Renewal Commission: It is the Real commission & basis for lot of other benefits.
- From 2nd Year onwards Commission you get is called Renewal Commission.
Commiosson may&june 2015
what is the commi. on jivan laxya
please publise AGENTS revisied mbg condition I.e no licence renewal. so what is the change in mbg./? in branch no body ready to show it.by j,arulmozhi.
Commisson of may
Thanks
Thanks….
For this information……
LIC AGENCY NICE AS A CARREAR… THOSE WHO BELIEVES IN HARD WORK
No
a
June 2015 Commission
Good Info…
My commission
what is the commi. on jivan laxya
Same as endowment policy
i need the details about policy
Commission 4/17 5/17 6/17 7/17&8/17 pl batayen agency code 0114637c
Commission 4/17 5/17 6/17 7/17&8/17 pl batayen agency code 0114637c
Agent commission 4/17 5/17 6/17 7/17&8/17 ki details batayen ji
online kist ke kya karna hoga
kya net banking karna hoga.
Bina net banking ke bhi aap online premium bhar sakte ho…using Caredi/Debit card.
Claim ke samay ye online wale offline ho jate hain
Lic commisson v.nice
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?
No
ddd
Thanks
sir my policy no is 264320176 (Navneet Kumar).sir iska mony bapisi apr2015 me rupees30000/- aana tha .abhi tak nahi mila.so plz sir chak status and inform me.mob no-9970551209
Give bank details for neft to your concern branch
contact your policy service branch
Which is i want,,,, find it…..thanks
Penson for agents is elligibility or not
Sir my policy no312601667 ka money back 28 april 2016 me aana tha jo abhi tak nahi aaya hai kya service hai lic ki koi isko chek bhi karta hai ki nahi ye alla
habad mandal ki banda branch code 243 ki hai
gd site gd information thankscan i get.any other informations abt commisssion
My agency code is 00198/48A . I want to know my commission details of august 2005
Commission 10/2014to9/2015
September Month commition
thanks
So nice of you.
Thank you very much.
I needed it for a long time and waited the same.
Now I got it.
Thanks a lot again.
Thanks
Commision and bonus bill agust 2015 may gmail par chahiy
if want any type lic policy call and find a gift on every purchase of lic policy
Ambesh
What is the new money back plane 20 years commision
if anybody is looking for lic.and Mediclaim. Please mail me. i will guide you with good plan and good service.
Please give me once chance for the same
Good
pl send Commiosson bill 11/ 2015
Tq so much
Thanks…….
hi
If any person want LIC Plans and Policy… contact Mr Puru from Mumbai Call 7045009916 WtsApp 9324025866
Clarity Security Protection Belief only in Life Insurance Corporation of India.
hi
If any person want LIC Plans and Policy… contact Mr Puru from Mumbai Call 7045009916 WtsApp 9324025866
Clarity Security Protection Belief only in Life Insurance Corporation of India.
Comition bill of dec-2015
sir i was a agent i done my one policy only but now i am not working . my one year commission was received but 2nd year commission i am able or not plz tell me
Thanks to knowing me how many commission paid for lic agent .
जीवन लाभ
जीवन शिखर
मनी बैक
एवं जीवन निधि
समस्त पलिसी का कमिशन रेट 2015-2016 के भेजने की कृपा करे !
S.SONI.LIC AGENT JHANSI -273
M–09455013165
Dec. 2015&january-2016comisson agency code-814-18S
Nice example
Thanks!! very good information.
Time wrong
Pleas give my life details .my code no 0119044d
Hi,
I have passed the irda exam on feb 2015, and my exam no is LICI0502160183 , But i didnt get any certificate or any agency code till date. I ask my DO but , he is saying he is forwaded the certificate
Can you help me please
When i will get my agency code and ID
HI Team,
Wanted to know can i change my agency from one location to another in a same state?
Commission of 2015-2016
My lic commission is not yet come lic commission date is every month of 7th & 20th
Customers are already to pay their premium
Nice information
ok par cam he
I have become a lic agent please tell me this proses my mob. No. 9413684121
i am a lic agent in district hanumangarh (Pilibanga) .
If you need any type of lic policy kindly contact me.- 9001897406
Lic Agency – 2016
go to nearest lic branch and meet manager
Lic ka koi tat hota hai ki nahi aaj 1month se jyada ho gaya hai. Abi tak koi answer nahi aaya imran khan 9266012596 pls solved my query with urgent
my renewal lic comission is not generating from branch cab-2 jaipur
It’s a great sistem . I’m a LIC agent. Name- gazi rajibuddin
My no- 7059825651
How many policies or how much turnover to do compulsory for Lic agent?
For single premium agent commission is 2%. It is once or every year entire term.
Dear sir
i m lic agent..and one year complete but not provide the lic agent portal please help me and suggest me
Thanx and Regards
Alok Dwivedi
agent no- 0336722A
Agent ke liye ek sal me kitne policy honi chahia or ek sal bad work band kar deta h to commission milega ya band ho jayega reply me sir
I want to take a policy through online… Can I get agent commission
Branch code- 469
Thanks
No comment
Dear Sir;
My Name is ANIL P.BHADANE, having Agency code LIC0112592J with Boisar Branch .I was not received any commission from my branch (Boisar ) from the Month- March 2016 .
Kindly look this matter & release My pending commission .I will be very thankful to you.
I want to work as a lic agent. What is the procedure??? Plsee help me.
i m sanjeev on giving smart shield term plan sum assured 50 lakh, policy term-30yrs, premium -6169 yearly
in sbi life insurance how much did i get commision
reply me sanjeev
Plz don’t showing agent commission
Main lic join karna chahta hu as a agent mujhe kya karna chahiye
Licagent03842647Nizamabad.commission bill9/2016givedetail
I have got no commission from March 2016 to October 2016 what I do ?
Sir,
Commission for the month of October, 2016 has not been received till today i.e. 10.11.2016
I am apply for jivan akhay police plan 189 for my 71 year old mother amt 300000 lakh so how much agent commision.
Thanks
Code: 1725
Devendra kumar shukla,
dkshukla73@rediffmail.com
When lic paid Commission bonus , because it show in statement but not include in final payment.
If complete 6 nos of policy but not 50000 of prem then will i be qualify?
Hi, I have got a call from LIC office Purasaiwakkam, Chennai that my commission is pending as my old bank account has been closed. They told me to come and check directly. Is there any way to check through the statement how much is pending. Please direct me as i am little far from chennai. Thanks
You have given the commission details of LIC Agent’s, what about the pvt insurance companies, do they not miss sell . These pvt insurance companies Agent’s do the most miss selling, Pls also highlight it.
Ladies and Gentleman
Am an advisor of Lic since 15 years. I really appreciate the Lic Commission chart declared in the website. Yes its true that Advisor get commission which he deserve for. Its a remuneration paid for his hardworking. And I do not understand why people are behind him always how much an agent earns from the policy that the client gives him. Well I have very high respect and regards towards our policy holders. Why don’t they think in other way, when a person dies leaving his family and children and having no insurance at all inspite of the fact that our agent friend was behind him to go for Lic policy continuously and didn’t buy and died without insurance. Pls tell me who’s mistake it is for not buying policy when advisor told him to buy. If at all he had bought wouldn’t the death claim was a financial support for his family ?? Pls answer me if am wrong or right. When u all visit a specialized doctor for consulting u don’t pay his fees ? Then why u all are thinking so much about agents commission. Politician and burocrats loot general public is it ok for u. U pay bribe to get your work done in government offices is it ok for you ? Then when there is question of commission for agents why this descrimination ??
Respected Sir, I am Nandanavanam Jayakrishna from Rajahmundry Main Brach Agent Vide Code No. is 3152-676. Now i am requesting you please provide My commission Bills from September/2016 to Jan-2017 another soft copy. Unfortunately I am deleted above bills without save in my system and also have not taken printout copies. So please arrange my bills provide and send to my mail id.
Thanks for these kind of information…
Can we open policies without agents..and how
Yes, by visiting the official website of LIC India or nearest LIC branch office, you can take policies without agents.
Mr aap Jo bhi ho agar aap advocate ho aap ke jaisa choti soch ka aap hi
Agar aap without agent policy le sakate ho to PL muze bhi batao konse office me milati hai
No it’s not possible, online you can buy only term insurance.
According to IRDA rules.
And what is wrong if agent gets commission. Agent didn’t get any salary. If he got commission, then he will also gives you services like premium deposit, money back amount, and in case of death claim he helps your family.
In case of online insurance who will take this responsibility….? In today’s practical life who can give his services free of cost. Every body has to work for food. life insurance sales is a profession like others …Same as you get services of lawyer, or a doctor, or Engineer.
You take policy with or without agent you are going to get the same benifits on that policy. So dont mis educate people abount lic agent. They are urning with their own effort. You dont have to do anything with their commission.ok.
Good information in public interest. But lic agent get commission from lic not by loot. You are promoting other insure company as Advt. In your slides. Lic of India is good company no doubt better claim ratio
Is there any way to skip agent we self can do policy and take the benefit of commission?
If you go by your own. You dont get any commission benifit. You will just get your policy benifit. Nothing else. And you dont know what effort agent to clear your policy at the lic office. If you will go by your own you might not get a policy in your whole life.
No
What is the benefit to the individuals of taking policy on line and not thru the agent
My agent has stopped providing services to me. Now what do I have to do to remove his name from my policy?
If he is not providing services then he doesn’t deserve commission.
Many thanks
Do endowment pilicy merit even in foreign countries?
If yes how us d commission structure?
Before partion insurance funda was concepted by allien think tank.
Cud u Pl throw some light in this aspect????
Agency is not easy, you can’t buy a policy as a shopping, you have to convince. It is not easy to draw money fromyour pocket for investment, what is the interest rate if a person die after paying 1 installment of 100000 premium and his family recive 16 cr as a death claim? , Lic is not giving commi from your pocket, You are getting full amount of receipt from Lic. Commission is salary given by company.
Term plan and pension plan are online. You can bye thease two plans. See how many of you took it and are satisfied?
Dear All
LIC Agent must declare commission in proposal.
LIC mai AGENT hai isiliye LIC A Noncurrupted institute hai..
subodh kumar 29 out bar joining lic iamui
subodh kumar code 1780 52C jamui lic agent 29 October 2016
Plz dont misunderstand people by showing wrong numbers there is different commission for different policy, & hardwork behind getting each policy is only lic agent knows
This is
redicules
May know which product u sale???
Thanks
Why customer paying commission to agent for Lic.?
Actually Lic should hire candidates on salary so that what happens
1 . Commission paid to agent will decrease to 40 to 50 %
2 . Customer will be happy for not paying commission and return will be more productive, effective. And more important big change in surrender policy.
Everyone think about commission what agent get. But in fact in every business u get commission of 15 to 50%.
If u purchase Saree then the owner get 50%, still u buy it.
Out Of 10 client visit only one person actually buy policy so it’s not 35% for that one policy but for that 10 times efforts agent has taken.
Share broker earn much more even if u made profit or loss, do u know that?
Again which instruments will give u guaranteed returns on paper for 25 Years term, then why u expect that from Insurance product.
Your PF from salary also can’t beat inflation but that PF only u get as retirement benefit.
So insurance is not about how much rate u are getting it’s about compulsory savings.
Again dont stop investment in insurance just someone is getting benefit as commission else when evee u buy anything someone is going to get benefit as commission or as profit so are u going to stop purchasing?
Term insurance is essential and it should be mandatory, professional advisor like us insist that.
what is the commission on lic new policy ‘Pradhan Mantri Vaya Vandana Yojna’??????
When any incident ; Claim happened , Agent is useful for all documents as per LIC Guidelines . Insurance isn’t money saver / Profitful Investment .It’s LIFE COVER with Small but guaranted returns . About “COMMISSION” Which U paid Everywhere in life ; Why crying about LIFE_INSURANCE .They are getting hard work ;Nobody works freely ;If any Then Something going wrong with U .
If we buy policy online from lic portal then who is agent and what about commission
Thanks
Good information
Muje bima karana he to abi kya karana chahiye muje pilice Hindi me bataye muje
Gopal salunke
9913138701 call mi
Good job.
Nothing wrong in commission. Lawyer is charging fees..business man is earning profit. All are earning..Without money nothing is done.
Thanks for good and useful information.
I am Raj a LIC AGENT…..AGAR KOI MUJHSE LIC POLICY LETE HAIN TO HAR POLICY PAR SHAANDAR DISCOUNT MILEGA……GIFT BHI ALAG SE MILEGA…..PLZ CONTACT
9534188392; 9470342477.
No way….Commission lens ke liye LIC AGENT ban jao bro…
9470342477
PLZ CONTACT FOR BEST DEAL & BEST SERVICE…..
9470342477
9534188392
If the commisson rates are so attractive, why don’t you take agency, and earn handsomely.
Instead of cursing agents and officers, take an agency and enjoy the benefits, which are legally given by LIC OF INDIA.
Take the agency, you will know……”kya kya papad belane padate hai”
If selling policy had been an easy task, do you think LIC would have given so much of commission ?
Mere saath bhi aisa kuch hua. Jeevan anand li thi 3 saal ke baad surrender ki. Mainr 65k diya.. Mila sirf 30k.
For free councelling on life insurance policy according to your need,
with proper need assessment by
a 15 years experienced insurance advisor,
Feel free to call H. S.Gill
9855611410.
Every product Gic Ya lic
Me benficir agent hi Gota hai.pls suggest goverment to open direct window to helpful people.
What should i do
I want to know lic give any fixed monthly commission I.e 7000 per month
Are lic give any fixed monthly commission
Dear Sir,
I want join in LIC of India as Agent, please kindly give advice for the registration process.
Regards,
Umesh kumar
9940592388
Please my comission chart
Please contect me on 91 9426360873 for any type of services query. You may whatsapp on this number.
Never take policy direct
Kiya direct koi plan liya ja sakata hai jisse commission ke bachat ho jaye
I think LIC is a rip off for investors! It is focusing on huge commissions for agents and development officers and returns to investors though projected as 7 percent is only about 4 percent! Mutual funds are the best! And I am an lic investor!
Thanks
If you need LIC endowment or money back plans. I will help you. Please drop a mail to amithac.lic@gmail.com
If we taken LIC policy without agent, will we get benefit of agent commission in the Premium amount ? If not then its big cheating &,loot by the Govt. via LIC agents ?
Adv. Sachin Godambe
(Social Activist, Pune)
Also can we remove agent name from our Policy to get reduced premium benefit ?
अरे भाई साहब बहुत सही डाटा निकाला है आपने पर आप लोगों को बेवकूफ बना रहे हो आपने जो13500/- और 14300/- लिखा है वो 10000/- का नहीं बल्कि 200000/- दो लाख रुपये का है सीधे सीधे 6% ही है पर यह भी कस्टमर के प्रीमियम से नहीं बल्कि एलआईसी से एजेंट को मिलता है।
अरे भाई साहब बहुत सही डाटा निकाला है आपने पर आप लोगों को बेवकूफ बना रहे हो आपने जो13500/- और 14300/- लिखा है वो 10000/- का नहीं बल्कि 200000/- दो लाख रुपये का है सीधे सीधे 6% ही है पर यह भी कस्टमर के प्रीमियम से नहीं बल्कि एलआईसी से एजेंट को मिलता है।
Dear sir,please tell Ajent will get commission as per month or per year plese am very confuse on it
Lic commission
इस तरह तो हर अदमी की तनख्वाह व्हाट्सएप पर डाल देनी चाहिए। एजेंट को lic तनख्वाह नही देती। एजेंट की यही आमदनी होती है, उसके बीबी बच्चो की रोजी रोटी, स्कूल की फीस इसी काम से अति है, फिर आपको सेवा देने है, आपके घर बार बार चक्कर लगाना, क्लेम देने में मदद , आपके नही रहने पर lic में सारे दस्तावेज जमा कर आपके परिवार को राहत दिलवाना, इस तरह के हज़ार काम एक lic एजेंट ही करता है।
आप एक हस्ताक्षर के लाखों रुपए ले लो, लेकिन lic एजेंट फ्री में काम करे।
और lic 1 क़िस्त के बाद भी मृत्यु हो जाने पर लाखों करोड़ों रूपए का डेथ क्लेम देती है वो कुछ नही। बच्चों के या खुद के नाम थोड़े थोड़े पैसे जमा कर के शादी या पढ़ाई या घर बनाने में इस्तेमाल करना सेविंग नही है क्या?
आप अपनी आमदनी और उसे किस तरीके से , कहाँ कहाँ से कमाते है उसका भी व्हाट्स ऐप करदो और दुनिया को दिखाओ।
दुसरो की थाली में परसा हुआ खाना सबको अच्छा लगता हैं, अपने घर मे , अपनी थाली में क्या है कोई नही देखता,
एक एजेंट के पेट पर लात मार कर अगर आपको खुशी मिलती है, आपको उन्नति मिलती है, आपके बच्चों और बीबी के भविष्य को उज्ज्वल बना पाते है तो आप खूब एक एजेंट के पेट पर लात मारिये और इस तरह के मैसेज भेजते रहिये।
धन्यवाद।
So is there any way through which direct we can get policy without agent
Thanks for big information
No.Agents gets commissioned for promoting the customer to take policy.This is a very hard work.Many people don’t know the importance of the insurance. LIC is the no. 1 company in insurance sector.When there is a incident or death, all relative search, what insurance or any lic policy, this man took.When we buy any product from the market, the shopkeeper also get some profit.
what is new commition
July month commission details
Can I close my Policy?
How To close plz Help me
How much commission on jeevan labh for term 16/10.
एल आई सी के वरिष्ठ नागरिक प्रधान मंत्री पेंशन प्लान में एजेंट कमीशन क्या है?क्या यह एजेंट के लाइफ में यह गणना की जाएगी
SIR GOOD MORNING , WHAT ABOUT JEEVAN LABH CUMISSION DETAILS
Sir agar agent 1 crore ka bima ek baat Hi karwaya h to use commission kitna milega aur kab tak
September 2017 ka commission bataye
Code- 6694 /531
pl send the states
How much I will be getting if I took a policy from a agent. As last time when I took a policy. She gave back me some money saying ur return gift from us. But this time I took jeevan tarun for my daughter she didn’t paid me . N said nowadays nothing returns.
I don’t get my lic commission why.my agency code5475785
Sir my agent code is 07401482
Plz send details commission of 2016 to 2017
Plz inform me about total bonus amt which is not given me till now
COMMISSION BILL FOR AUG 2017 AND SEPT 2017
i do not know the website address
LIC of India Ajent Comition
LIC of India Ajent companies
November 2017
Good information lic commission