9 things you should know before you "Want to Become LIC Agent in Mumbai"

9 things you should know before you "Want to Become LIC Agent in Mumbai"

In present economic scenario many individuals across India aims to start their own business along with their present occupation or service. LIC Agency is one of the most selected option for part time business. Though currently you get all the information at the click of the button on internet still you need to know following 9 important things before you Want to Become LIC agent in Mumbai.

1. Age Factor:
To become an LIC Agent IRDA has specified that you need to be 18 years and above. So any person you have crossed this prescribed age age limit can apply as LIC Agent, but ideally a person who has completed his studies should join as lic agent. Reason being a student juggling between LIC Agency business and studies do not go hand in hand. LIC Agency is a full time profession with lot of responsibilities towards our clients, so if you cannot focus then your goodwill in clients mind takes the set back which at the beginning of the career is not advisable. Also most of the industry business activity trend is seen in last quarter of the financial year i.e. January to March, so being a student again academic exams time table is for same period so focusing becomes a big issue and at the end you end up losing either business or studies. So students unless life’s situation demands you need to work you should not start any business or job till you complete your studies with complete focus.

2.      Qualification: 
Again as per IRDA’s guideline you need to have completed 10 + 2 pattern of studies in urban areas and 10 std passed if you are from any rural area. But in urban areas most of the time many candidates apply for diploma courses in various fields which are equivalent to 10+2 pattern or H.S.C. Hence any candidate who want to become LIC Agent in Mumbai or in  any urban area who has complete minimum of 2 years of full time government recognized diploma can apply for LIC agent. Also any candidates who has appeared for entrance exams of any open universities which gives direct access to the degree courses then such entrance exams are also considered as 10+2 completed and he or she can apply to become LIC Agent in Mumbai or in any urban areas across India.  

         3. Documentations: 

     To become lic agent in Mumbai or anywhere in India you need to first compulsorily have a Pan Card, without which you cannot apply for lic agent. Following is the list of documents required for lic agent, need to be submitted:

i. 4 Colored Photographs (White Background).

ü.  Age Proof : Birth Certificate or Leaving Certificate or S.S.C. Board Certificate or School/ College Bonafide Certificate.

iii.  Qualification Proof:  H.S.C. Marksheet or 2 years full time Diploma Certificate/ Marksheet + Graduation Certificates (Photocopies)

iv.  Pan Card (Photocopy)

v  Address Proof (Photocopy)

vi.  Cancelled Cheque (For Commission Purpose)

Fees:

i.  Registration Fees : Rs 150/-

ü.  Training Fees : Rs 200 (Online Training only, Classroom Training free)

üi.  Material Charge : Rs 150/-

iv.  IRDA Exam Fee : Rs 350/-

      4. 25 Hours Pre- Recruitment Training:   

      Once any candidates who want to become lic agent has fulfilled above prescribed age and qualification criteria has to undergo 25 hours pre recruitment training as per IRDA guidelines. The syllabus for the training is prescribed by IRDA in IC33 Format for life insurance industry. These training are conducted by LIC in two ways i.e. Class room Training and Online Training. For class rooms trainings LIC form Divisional Training Centre (D.T.C.) and Additional Training Centre (A.T.C.) in all division office across India, whereby the candidates can in person attain 4 days full time training for IC33 syllabus. The best part of D.T.C. are you get first hand feel about LIC, its working pattern and are benefitted from vast experience of the trainers. You can directly interact with them and ask your queries or doubts. The second way to get your 25 hours training is online, where you will be directed by LIC to IRDA authorized online training institute and they will give you login id and password, which you can use get online training. The important thing is you should complete the training in prescribed time limit only. This is majorly a self study. So it is up to you to decide how you want to take the training to become an LIC agent in Mumbai or across India. Classroom training are preferred by non working candidates and online training is preferred by working candidates, but as per my personal opinion you should undergo classroom training and even if you have to apply for leave from your office you should do that.  But classroom or online, undergoing training is compulsory before you want to become lic agent in Mumbai or across India.

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           5. URN No: 

      After successful completion of 25 hours training online or classroom training LIC will register you on IRDA portal for further process. Here once you get your training completion certificate LIC will record all the data along with your pan card number (which is compulsory) on IRDA ‘s website and IRDA will allot you an unique number which you will reflect on IRDA’s portal. After generating URN no then you can proceed to generate Batch Id to book a date to appear for IRDA’s Pre-Recruitment Test.

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           6. IRDA Pre-Recruitment Test: 

      All candidates who have successfully completed 25 hours training has to now appear for 50 marks test based on IC33 syllabus which he or she has studied in 25 hours training. This test is an objective type test conducted by Insurance Institute of India at various centre of National Stock Exchange (NSE). First to appear for the test you need to book a date for exam using batch id issued by NSE, here you can visit www.nseitexams.com and make an online payment and once the payment is made you receive a sms on your registered mobile number about the date and timing for your test. Now about the test as stated earlier it is an online objective type exam whereby you will have 4 options to select and once after completion of the test you need to click submit button and your exam result is generated immediately. You need to score 35% marks i.e. 17 marks out of 50 marks to pass the exam. Once you have cleared the exam now you can become lic agent in Mumbai or across India.

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           7. Appointment Letter: 

     Once you have passed the exam you need to submit your result to LIC. This result can be generated from www.irdaonline.org. On submitting your result to LIC, LIC will issue you appointment letter to act as LIC agent on their behalf. Your appointment letter is issued for 3 years and you need to renew it in very simple manner internally in LIC.

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            8. Product Training : 

     Once you have joined as LIC Agent in Mumbai or anywhere in India after completing the above IRDA procedure then in LIC the respective Development Officer will give you the detail product training along with all underwriting trainings. You need to meet the Development Officer hence forth for all LIC related trainings or updations.

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      9. Actual Business: 

      Though you have become lic agent in Mumbai or India you can do business all across India. But for that you need to compulsorily meet the client personally. The new business you collect should be deposited to the branch you are attached and if any time if required you can submit the same to any branch as visiting agent after taking necessary permissions from authorized persons. Though new business submission has the restriction still for renewal premium payment you can do the same at any branch office or authorized center without any permission.

This are the complete details you should know before you 

"Want to Become LIC Agent In Mumbai"