The policyholder of LIC is equal to the population of Australia so you can imagine
It is very obvious that you get a very good opportunity to work with LIC not only
earning but also satisfaction and respect in society
We Just Go Through some of the Benefits When you become LIC Advisor or Agent
1)Attractive Commission: When you join as an advisor in LIC you will be remunerated
by Way of commission. Your commission is based on your performance. How much business
You generated. Your commission depends on the business you procured and the premium
collected thereon. The commission is in term of % on and over premium collected by you.
2)Gratuity: If you work 15 or more years as LIC advisor you will be entitled to gratuity as
per gratuity act
3)Term Insurance: Group Term Insurance is given to all advisor on there service period more than
3 years advisor get 3,00,000 term insurance and more than 5 years of service as advisor term insurance
The benefit is 5,00,000 and more than 10 years 10,00,000 term insurance benefits given
4)Hereditary commission: If an agent, unfortunately, died his nominee get the commission on whatever business
he had been procured commission will be paid to his nominee, what he will get if he lives
5)Mediclaim: Group Mediclaim is provided to the agent who acquired club membership based on his
Club membership This benefit will be decided on the basis of club membership
6)Club MemberShip: Different Club Membership is given to agents on there performance wiz Branch Level It is
BM Club Member Same as Divisional level its DM club member and ZM Club Member CM Club
member, Galaxy Club Member, and Highest is Corporate Club member
7)Interest-Free Advance: On the basis of club membership of agent has given different interest-free advances
Like Car advance, Computer Laptop, festival, furniture, and marriage of daughter etc.
8)Housing loan: Club Member agents given concessional housing loan depend on the there club membership status
9) Pension: Agent can option to contribute for pension in Corporations pension scheme so they can get a pension
on superannuation
