Role of an LIC Agent​

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When it comes to life insurance, the LIC agent is a key player. Licensed agents are required by law to sell life insurance policies in a manner that is fair and impartial. They must also take care to protect their clients' interests. LIC agents, therefore, get a commission from the life insurance company for every policy they sell. The income they get from selling policies helps them live comfortably and provide for their families. The main role of an LIC Agent involves:

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​1. Prospecting:

Identifying the prospective customers and fixing the appointment.​ In most cases, insurance agents meet with potential clients in person. However, they can also market their products over the phone or through the internet.

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2. Need Analysis:

Identifying the needs and getting the prospect to agree that need exists. (i.e. Family Income Provision, Children Education and Marriage Provision, or Retirement Income Provision). Your role is to market our services and to assist our clients in making wise decisions when purchasing life insurance. You must be comfortable discussing a very sensitive topic with our customers have a genuine interest in assisting them.

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3. Plan Presentation:

Suggesting suitable plans that fulfill the needs as agreed by the prospect. An LIC Agent collects data about people's medical history and financial information in ORDER to determine their eligibility to purchase an insurance policy. They then provide their CLIENTS with options based on their needs and propose a suitable insurance policy for them.

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4. Closing the Sale:

Convincing the prospect that you have suggested the best possible solution for his needs and ask for the order. These agents receive commission-based compensation for the services they provide to their clients.

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5. After Sales Service:

Provide efficient after-sales service and claims settlement. LIC agents also help their clients to settle claims.