How To Prepare for the IC 38 Exam?

Once you have completed the IC38 training program, you have to take a 1-hour online test. After completing 25 hours of 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.

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

The mock tests help gauge your understanding of the subject. It helps you assess your readiness for the LIC exam. 

What Is the IC 38 Examination Process?

IC 38 examination is a physical computer-based test held at the 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. Your score of 17 out of 50 is considered a passing grade. You’ll get the score immediately after completing the test. 

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

Master Tip: 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.

What Is The Onboarding Process of a Qualified Candidate?

After passing the exam, 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. Please note that you will receive an official appointment letter with an 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 other commitments in your life. Since you are working at your own 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 the potential of the side hustle becoming a full-time venture may be, this part-time job 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 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 LIC achiever, the financial rewards are substantial. The top performers of LIC earn in the range of ₹3 Cr to ₹ 4 Cr per year. However, the earning potential depends on many factors. 

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 the LIC Club Members  & also with the highest perseverance & determination, you can join the top performers’ group of MDRT.