LIC of India

       Life Insurance Corporation of India is a Government-owned enterprise engaged in the business of providing insurance services. It was founded on September 19, 1956 under an Act of Parliament to provide a variety of insurance products to the general public at affordable rates.

       The Life Insurance Corporation of India, also popularly called LIC, is one of the oldest and the largest life insurance company in India. LIC was formed when hundreds of life insurance companies were nationalized. Here’s a brief look into the history of LIC –

History of LIC of India

  • Introduction of life insurance in India The concept of life insurance was introduced in India under British rule in the year 1818.

  • Coverage of Indian lives In the year 1870, Bombay Mutual Life Assurance Society was formed which was the first Indian life insurance company.

  • Development of multiple companies The Swadeshi Movement gave birth to a lot of indigenous insurance companies in India. By 1938, there were 176 insurance companies with an in-force business of INR 298 crores.

  • Need for nationalization of life insurance Though there were ample companies, many were not financially sound and stable. The need for nationalization was felt and so, the Life Insurance Act, 1938 was amended and, in 1956, life insurance was nationalized.

  • Formation of LIC LIC was established on 1st September 1956 after the Parliament passed the Life Insurance Corporation Act on 19th June 1956. Although there are about two dozen life insurance companies in India, LIC continues to enjoy trust among individuals and holds the largest market share of the life insurance segment.

Reach and Range of Products:

 Reach:

The products are marketed through its network of agents and branches located throughout the country. The company has more than 1400 offices and over 6500 representatives across India.

 

  •  Central Office: Mumbai.

  •   8 Zonal Offices: Mumbai, Delhi, Kolkata, Chennai, Bhopal, Kanpur, Hyderabad, and Patna.

  •   113 Divisional Offices throughout the country.

  •   2048 Branch Offices at various places.

  •   1346 Satellite Sampark Branches.

  •   1242 Mini Offices.

  •   1,20,388 Employees.

  •   11,95,916 Agents.

 

 Range of Products:

 

We have a wide range of products catering to different segments of Individuals and Group Insurance products for companies. The company provides life insurance products, pension plans, investment plans, and savings plans.

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ADDRESS

LIC OF INDIA,

SEONI BRANCH (378)

JABALPUR ROAD, SEONI (M.P.)

CONTACT

DEVASHISH DAHERIA

(RECRUITMENT/ DEVELOPMENT OFFICER)

Call: 9479382869

Email: licseoni@gmail.com

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Growth of LIC Agent

LIC Agency is an Unique Career

First Commission on sales


Bonus Commission


Renewal Commission


Increasing Income


Guaranteed Income


Hereditary Commission


Retirement Benefit


Term Insurance

Fringe Benefits

Income of LIC Agent

GROWTH OPPORTUNITIES

Low Insurance Penetration.


Low Insurance Density.


Low Volume of Life Insurance Premium.


High per capita Savings.


Increase in working population.


Growth in personal Income.


High Consumer Awareness.

Strong LIC brand.

Club membership benefits

club MEMBERSHIP
benefits

Housing loan at lesser rate.


 Pension, Mediclaim & Gratuity.


Life Insurance Cover - 5 Lacs.


Interest free Loan - for Car, Bike, Laptop & Computer.


Office Rent, Mobile Bill, Air Fare & Stationary Reimbursement.

LIC's guest house facility.


Foreign Tours & Seminars.

Get Name and Fame, International Recognization

Avail Government Benefits Like Gratuity, Family Mediclaim, Group Insurance and many more.

LIC Agents benefits

TO OUR AGENTS

IRDA Training

Basic Training & Introduction on LIC Career
 

Knowledge on LIC products

Develop Prospecting Skills

Training on Effecting Selling Skills
 

Sponsorship for special Training Programs
 

Innovative Marketing Strategies
 

Objection Handling Tips
 

Setting and achieving realistic goals
 

Free training sessions on the latest market trends

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"Want to Become an LIC Agent? - A Smart Career Be An LIC Agent.