Becoming a LIC (Life Insurance Corporation of India) agent is a great opportunity to build a successful career in the insurance industry. The process involves a few basic steps, such as meeting the eligibility criteria, undergoing training, and clearing an examination. Let’s dive into the step-by-step guide to becoming a LIC agent. Now that you’ve decided to join LIC (Life Insurance Corporation of India) as an agent, here’s how you should go about it.
The first step to begin this process become a lic agent is to fill up a sponsorship application form and submit self-attested Xerox copies of the following documents:
Table of Contents
The Eligibility Criteria for become a LIC Agent
Submit requirement Document LIC agent eligibility
- 10th Standard marks sheet
- Certificate of Highest Qualification achieved
- PAN card
- Local address proof/Aadhaar Card
- 6 Passport sized photos
After processing your LIC sponsorship application form and the above documents, we will call you for an informal meeting with the Branch Head to check your eligibility and suitability for the role of the become an lic agent member.
A training and examination program for Become a LIC agents
IC38 Training Program
After that, you will be required to take the IC38 training program (both online at your convenience time OR offline for 4 days at the LIC training centre), which is for 25 hours. This course covers the basics of life insurance, health insurance, documentation, financial planning, regulatory aspects, customer service, etc.
Online/Offline LIC Agent Classes
You have the option of either doing this online or in class. The advantage of the online option is that you can do this from the comfort of your own home since it is location-independent. The classroom training is a 4-day program, from 10:30 AM – 5:30 PM. As with face-to-face training classes, you will have the advantage of clearing any of your doubts as you interact with the trainer and you will also have the chance to meet and interact with other aspiring people who want to become a LIC Agent.
Preparing for the IC38 Exam 25-Hour Traning
Once you have completed the IC38 training program, you will have to take a 1 hour online test. Once you have completed the 25-hour training and taken adequate mock tests, you will find the actual test to be relatively simple. To do well on this test, make sure to study the training material thoroughly. Although the actual IC 38 is quite a voluminous document, with 450 pages and would take you a couple of weeks to study it; there is an abridged version, including mock tests. The mock tests help you gauge your understanding of the subject and whether or not you are prepared to sit for the actual exam
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Take IC38 Test for LIC Agent
The Test is a physical computer-based test, which will be held at the NSEIT Ltd Test Centre. It is a multiple-choice test where the candidate will have to select the right answer from a list of 4 options. There will be no negative marking, which means the candidate can attempt all 50 questions, without the fear of losing any marks.
To pass, the candidate has to get 18 answers correct out of 50, and 17 out of 50 is considered a grace pass. The score will be made available immediately after the test has been completed.
Failed candidates can re-apply again and there is no limit on the number of attempts; however, each attempt will cost Rs. 502/
Tip for the Test: Start with attempting questions that you are sure of let’s say those are 10-12 questions. Next, since there is no negative marking, for the remaining questions, even if you answer them all as “c”, because of probability you will at least get an additional 8-10 marks.
For the above procedure, there is a one-time fee to become an LIC agent, which is as follows:
150/- fees payable at the LIC counter
150/- fees payable only for the online training
502/- fees for online NSEIT Test
Final Setup of Become a LIC Agent
Once the test has been cleared, the candidate will then have to visit the concerned LIC office, along with 6 passport-sized photos and a cancelled cheque for the online transfer of commission payments.
Another application form will then need to be filled out. After this, LIC will be issuing an appointment letter and an agent ID card.
Your journey to become a LIC agent is ready to begin in the insurance world!
Conclusion
Becoming an LIC agent is an exciting journey that offers the potential for a rewarding and successful career and high commission earned with flexibility any time you can sales polices to people. By following the instructions and committing yourself to the necessary training and exam, you can embark on a fulfilling path in the insurance world.
Good luck on your journey to becoming a LIC agent!
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