There are certain situations in life when we are in dire need of funds and earning an income becomes essential. However, finding a suitable job is not an easy catch. That extra money to fulfil your financial obligations can be met by opting for a part-time job of a LIC agent. One of India’s pioneering industry in insurance sector allows an individual to earn a decent amount by selling insurance policies to the client. Besides, with qualification criteria of just 10th standard pass, and a minimum age limit of 18 years, most of the people can apply for this job. All thanks to the Life Insurance Corporation of India (LIC), it gives a lucrative opportunity to all the individuals to make money through self-employment. Additionally, you can be a LIC agent and get benefits from perks like membership to premium clubs and a lifetime pension. You must be wondering about how to become lic agent online; then this article will help you further to get insights.
Is it mandatory that the LIC agent needs to have a license?
According to the guidelines set by the Insurance Regulatory and Development Authority of India (IRDA), there is a process of becoming an insurance advisor in India. To become an advisor or agent, you must enrol yourself with a particular insurance company, undergo a designated insurance training, sit for an examination and pass it. Once you clear this process, you will be issued a licence to work as a LIC agent in India.
How to start the process online to become an LIC agent
Online registration in the LIC portal
The first and most important step is towards becoming a LIC agent is to check your eligibility criteria. You need to register the corporation through LIC portal and submit basic details which include ID proof like Aadhaar Card, Pan Card, Voter ID, or Driving Licence, birth certificate, residential proof like Ration Card, Utility bills, etc., photograph, educational certificates and affidavit from your parents like father and mother or local guardian like relatives. You also require to submit other details like your contact number and email ID, especially if you wish to carry the entire process online.
Once you submit all the details, the next step is to contact the local development officer or branch manager at LIC office to schedule an interview session for you. You need to pay a visit to the branch at the proper time with all the documents. They will conduct an interview to check your eligibility criteria like personality, clarity of speech, etiquettes, among others. If the interview goes well and you fulfil all the standards, then, they will give a green signal for the registration process.
Complete the training process
You need to complete the required training and certification before becoming a LIC agent. This training is usually conducted at a LIC office in your city. If you are staying far away, then you can also enrol for an online training course of LIC agent. You will get six expert video tutorials with one month, 24×7 free online access from where you can learn and practice your lessons. The course offers comprehensive information regarding LIC and how to expand your business in LIC. You will also get an outlook into the Insurance Regulatory and Development Authority of India (IRDA) and its rule concerning the LIC. This official body of India regulates all the insurance business in the country. Thus, it becomes crucial to have an idea when you have decided to become a LIC agent.
Study and prepare for the examination
Once the training session is completed, next, you need to study and prepare for the examination. This examination will ultimately determine whether you can become a LIC agent or not. The exam preparations can be made by purchasing certain books on insurance, LIC, etc. However, in the age of technology, you can utilise the online tools to prepare yourself for the examination. There are several websites and youtube channels that gives coaching regarding LIC agent test. You can get an idea regarding the exam pattern and give mock tests that can help you in passing the exam with flying colours.
Sit for IRDAI examination
The Insurance Regulatory and Development Authority of India (IRDAI) requires you to clear the examination if you are willing to become an LIC agent. A minimum of 40% marks are required to be eligible and pass the examination. There are no limits on the number of times you can appear for the test. So, even if you don’t qualify at the first attempt, you can take your time, prepare and sit for the test once again. The examination is also conducted in an online medium, and you can fetch more information regarding this from the development officer or trainers at the agency centre.
On successful completion of the examination, you will become a LIC agent. Following these necessary steps will give you a clear idea on how to become lic agent online.
