Detailed Guide on How To Become An LIC Agent

Choosing a career is a vital part of our life dreams. Almost, 90% of fulfilling our dreams is dependent on what career we have chosen. If you have come across an opportunity to become a LIC agent & make a living to live the life of your wish, then this blog post gives you clarity on, how to become an LIC Agent!

Joining LIC as an agent is a journey that involves a structured process. You should have minimum eligibility & you should choose the right mentor or trainer to become successful in this career.

This article takes you through the series of steps to follow to join LIC as an insurance agent.

Documents Required To Apply for LIC Agent Exam

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 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.

The first step to begin this process to become an LIC agent is to fill up a sponsorship application form and submit self-attested Xerox copies of the following documents:

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 LIC agent member.

Download Sponsorship Form Here

Download & complete the form to apply for LIC agent appointment.

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How To Become LIC Agent? Covered From Eligibility To Appointment

A step-by-step approach to Become LIC Agent

Step 1: Verify Your Eligibility

Educational Requirements: You must have completed at least 12th Class/grade.
You must be at least 18 years of age to become an LIC Agent.

Step 2: Complete Your Training Successfully

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 center), which is for 25 hours.

This course covers the basics of life insurance, health insurance, documentation, financial planning, regulatory aspects, customer service, etc.

Step 3: Pass the IRDA Exam

This is the mandatory criteria for an LIC agent to get officially licensed. Pass the IRDA exam after training.

Step 4: Pay Applicable Fees & Embrace Online/Offline Services

Pay the fees to write exams & become successful. You should be also ready to pay for the re-attempt of the exam, in case you fail on your first attempt.

After successful completion, get started with training to build sales skills, build relationships, get leads to work on, digital marketing scope for LIC, moral roles & responsibilities from The Team Ajay Gupta.

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Becoming an LIC agent is an exciting journey that offers the potential for a rewarding and successful career. With LIC as a guidance, you can also earn high commissions with the flexibility of time. By following the instructions and committing yourself to the necessary training and exams, you can embark on a fulfilling path in the insurance world.

There are many successful LIC agents produced every year by Team Ajay Gupta at a very affordable cost. You can easily enroll in the mentorship program of Ajay Gupta to learn essential hacks, tactics & sales skills.

You can have a quick view of Bharat Parekh & Ravi Jethani’s Story to understand the level of success you can achieve as an LIC agent.

Good luck on your journey to becoming a LIC agent!

Frequently Asked Questions About Joining LIC as Agent

How To Prepare for IC 38 LIC Agent Exam?

Once you have completed the IC38 training program, you have to take a 1 hour online test. After completing 25-hour training and taking adequate mock tests, you will find the actual test very simple. To do well on this test, make sure to study the training material thoroughly.

IC38 training book is quite a voluminous document with 450 pages. You might take 2 weeks to study it. There are few concise training materials available along with mock tests to prepare quicker.

The mock tests help gauge your understanding of the subject. It helps you assess your readiness for the LIC exam. You can explore & choose the mock test here – 10 Best LIC Online Mock Tests for Agents

What Is the IC 38 LIC Agent Examination Process?

IC 38 examination is a physical computer-based test held at NSEIT Ltd Test Centre. It is a multiple-choice test with 4 options available for all the questions.

There will be no negative marking. To pass, the candidate has to get 18 answers correct out of 50. If you score 17 out of 50 is considered a grace pass. You’ll get the score immediately after completing the test.

If you fail, you can re-apply again at a cost of ₹502/-. There are no limits on the number of attempts.

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.

How long will it take to become a LIC agent?

It’s a quick process and a rewarding field. It takes only 3-4 weeks. During this period, you will complete mandatory IC 38 training, examination & onboarding process. Learn more about the Process to Become an LIC Agent outlined by our experts.

What Is The Onboarding Process of a New LIC Agent?

After passing the LIC agent, you should visit the concerned LIC office. Carry 6 passport-sized photos and canceled cheques for commission payouts.

You’ve to fill out another application form at the LIC office. Post that you will receive an official appointment letter with an LIC agent ID card.

Can I be a part-time LIC agent?

Yes, You can become a part-time LIC Agent.

It helps you continue your present job or fulfill the other commitments in your life. Since you are working at your pace, you can be more time-effective in managing things while making some extra money on the side. As a part-time LIC agent, you can schedule meetings and appointments on your suitable dates, gradually develop a significant client base, and thus increase the scope for your professional growth.

Each policy sold by you shall fetch you commissions to convert your part-time efforts into profitability. Whatever may be the potential of the side hustle becoming a full-time venture, this part-time LIC agent opens doors to financial and professional prosperity. However, keep in mind that success as a part-time agent often depends on your dedication, time management skills, and ability to build a strong client base.

How Much Can Top LIC Insurance Agents Can Earn?

When you choose a career, the primary question that arises is “How much can you make out of this job?”. That’s nothing wrong with finding an answer.

For an elite LIC agent, the financial rewards are substantial. The top performers of LIC earn in the range of ₹3 Cr to ₹4Cr per year. However, the earning potential depends on many factors. You can learn How LIC Agents Make Money? here.

Here are some useful links that answer your question about the income potential of LIC Agents – Achieve Financial Stability and Growth with a Second Income

In addition to the earnings, there are certain rewards from LIC for agents who achieve a certain threshold set. You can become a part of LIC Club Members & also with the highest perseverance & determination you can join the top performer’s group of MDRT.

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How to Become A LIC Agent: Detailed Guide from Experts

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Detailed Guide on How To Become An LIC Agent