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LIC Agent Salary | 2023 Insurance Agent Salary + COMMISSION – Benefits

LIC Agent Salary

The average LIC Agent Salary is Rs. 39,200 – 67,000/-per month. Basically, LIC Agent’s Salary or earning depends on the commission paid by LIC, as there is more premium paid by clients people more commission will be provided to LIC Insurance Agent.

Know, How much LIC Insurance Agent’s Salary is?

Apart from Salary, one will also get a commission with certain allowances, perks, incentives, and some Club Membership. After fulfilling certain specified conditions an agent can enter these Clubs & enjoy benefits which LIC has decided.

LIC Agent is a profession it’s not a job where people have to work for certain hours and get fixed amount of Salary but an agent can earn in crore. An agent’s income varies upon  number of policies he sold to their clients.

Applicants must read this entire page thoroughly to get details regarding LIC Agent Salary 2023 which is well furnished by the expert team member of www.recruitmentinboxx.com

LIC Agent Salary

LIC agency is start up business with No Investment. Earning is purely based on commission which varies from Plan to plan (20%, 25%, 35%), year to year and on the Term of the Insuranc

Life Insurance Corporation India Insurance Salaries by Jobs

LIC Agent SalariesAverage Salary of LIC Agent
Insurance AgentRs.3,22,181 per year
Insurance ManagerRs. 2,22,014 per year
Insurance Account PositionRs. 1,50,000 per year
Finance & Insurance ManagerRs.1,50,000 per year
Insurance AdvisorRs. 3,15,308 per year

How much Salary in Metropolitan Cities?

Mumbai, MaharashtraRs 318,000 – Rs 887,500
Chennai, Tamil NaduRs 250,000 – Rs 1,164,000
Gurgaon, HaryanaRs 400,000
Kolkata, West BengalRs 244,168
Bangalore, KarnatakaRs 950,000

Salary based on Gender

Male Rs 238,371 – Rs 782,148
FemaleRs 245,659 – Rs 590,072

Find OutLatest Jobs by Qualification

Career As LIC Agent

LIC has 8 zonal office, 13 divisional offices, 2,048 branch offices, 1,275 satellite offices across the India. Life Insurance Corporation of India has over 1.16 lakh employees and more than 1.2 million agents.

Nowadays, most of youngsters intend to become LIC agents as it gives opportunity to earn unlimited income. LIC agent, have a luxury of working in flexible hours and running own agency.

If anyone desire to succeed in life and earn more amount of income, then join Bhartiya Jeevan Bima Nigam to lead better quality of life. LIC agent who have worked for more than 3 years and meet the eligibility criteria, get attractive commissions, facilities and benefits are as follows –

  • Gratuity
  • Office allowance
  • Pension by NPS facility
  • Furniture allowance
  • Two wheeler/four wheelers
  • Group insurance/Group mediclaim schemes
  • Chance to win prizes in various competitions
  • Hereditary commissions
  • Housing loan facility

Know Here: LIC Scholarship

Frequently Asked Questions (FAQ)

Ques 1: What is the average salary of LIC Agent?

Ans: Average income for a LIC Agent in India is Rs. 39,200/- to Rs. 67,000/- per month.

Ques 2: Who is the richest LIC agent in India?

Ans: Lachman Das Mittal.

Ques 3: Is LIC a government job?

Ans: Yes, It is a government job.

Ques 4: What is the salary of LIC chairman?

Ans: Rs 35 lakh per annum.

Ques 5: Who is the CEO of LIC?

Ans: T S Ramakrishnan.

Final words

Hope you are satisfied with the information provided on this page regarding LIC Agent Salary 2023 per month. For more interesting facts and latest updates keep visiting to our portal www.recruitmentinboxx.com. One can also bookmark our site by pressing ctrl+d key for instant assessment.

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