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Life Insurance Corporation of India
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2. Opportunities & Potential For Career Development in Insurance Sector
Life insurance in India made its debut well over 100 years ago.In our country, which is one of the most populated in the world, the prominence of insurance is not as widely understood, as it ought to be. What follows is an attempt to acquaint readers with some of the concepts of life insurance, with special reference to LIC.
It should, however, be clearly understood that the following content is by no means an exhaustive description of the terms and conditions of an LIC policy or its benefits or privileges. For more details, please contact our branch or divisional office. Any LIC Agent will be glad to help you choose the life insurance plan to meet your needs and render policy servicing.
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3. Career Development Opportunities In Insurance Sector in India
The article will review all aspects of insurance sector and discuss :
Opportunities for Career Development
Growth potential in Insurance Sector
Changing Scenario of Insurance Sector
Manpower & Skill Sets Required by Insurance Sector
Regulatory Changes in Insurance Sector
New trends and Developments
International Impacts
Present Academic Scenario
Available Educational Facilities
Recent Educational & Academic Developments
Speed and growth cycles of career enhancement in Insurance Sector
Salary Packages at Entry Levels, Middle Level and Top Level
How to improve Employability and Skill Sets
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4. Career Options & Pay Packages In the Industry
Candidates can find a number of openings in the sector and choose a profile as per their skill-sets.
You can look for positions in marketing, operations, distribution, and investment departments in an insurance company.
For an entry-level, you can begin as a Management Trainee, Insurance Analyst or Business Analyst.
The pay package is usually between Rs lakhs depending on your skills and the company you work for.
You can find jobs in the private as well as public sector insurance firms.
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5. Changing Scenario in Insurance Business in India
Insurance was strictly dominated by Agents and Development officers till 2000.
IRDA has opened up new distribution channels such as Corporate Agent, Insurance Broker, Bancassurance, Mallasurance, Online Sale of Insurance, Direct Sale, etc.
The commission rates of insurance agents are slowly getting downward trend.
The servicing of client is now taken care by customer servicing department.
The Technology has now key role in policyholders servicing and provides better knowledge and expertise than agents.
Government is slowly removing the Income Tax rebates from insurance policies.
It has already signaled the same and introduced few provisions in current budget by restricting the percentage of amount of premium with the sum assured of any policy.
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6. How to Become LIC Agent info@venkateshkumar.com
A candidate who is 18 years of age or above and has successfully cleared his or her 12th standard education and with the training and support provided by LIC including the following skills is eligible to become an agent.
Strong determination & Self confidence
Ambitious to start your own business
Good communication skills
Willingness to share
Thirst for Knowledge
Quest for Self-Improvement
Eagerness to build relationships
Smart working
Positive attitude, Consistency & Perseverance
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7. Success Tips for an LIC Agent
If you are new in the industry of insurance, you might be thinking about ways to achieve success in this field. The procedure to become LIC agent in Bangalore is quite simple and you can easily get started as an agent.
We bring you some valuable tips from experts which will help you stay on the right track:
Planning is Everything
Get Organized
Face to Face Interactions
Referrals go a Long Way
Motivation Matters
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8. Who can help you on How to Become LIC Agent ?
Contact Mr. Venkatesh Kumar who is successfully serving LIC for more than 18 years now.
Stop getting worried and get it touch with me to begin as a LIC agent with a Endless growth in your career.
Office Address:
Mr. B. Venkatesh Kumar,
(Development Officer at LIC )
OFFICE : No. 3, 4th Main Rd, United India Colony, Kodambakkam, Chennai, Tamil Nadu , India
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