Can I transfer my LIC agency to another branch?

You have to contact your present branch and give your request letter for the transfer of your required branch. You have to submit the proof of residence of new place in which you want to transfer.

Can I change my LIC agent in existing policy?

There is no need and no provision to change your LIC agent, as there is no contract between you and an LIC agent. As far as a policyholder is concerned, the contract is with insurance company. The agent is just a facilitator. You have to contact concerned LIC office or nearby LIC office for specific details.

How can I remove LIC agent?

You will need to give a letter explaining why you are unhappy with the agent and ask for a transfer directly. The branch will not be keen to make the change if they get any business from the agent. However, even if you do make the change, it may not help you in any way because your premium will remain unchanged.

How can I port my LIC agent?

‘Allottee Agent’ for the purpose of Agent Portability rules is an individual agent who has completed at least 3 years of continuous tenure as an agent LIC, having at least 75 policies in force under his agency as at end of last agency year and overall lapse ratio less than 10\% each year, during last 3 preceding agency …

How much commission does LIC agents get?

Though, Agents earn the commission for the policies they sale. LIC offers 25\% to 35\% commission on the policy premium for the first year, then 7.5\% for 2nd & 3rd Year + 5\% till the policy maturity.

How can I transfer my LIC agency to another branch?

You can transfer your LIC agency to another branch only with NOC, if u r under a development officer. If the transfer request is due to your shifting from one place to another, getting NOC may not be an issue.

How can I do business as a visiting agent in LIC?

1- You can do business as visiting agent in any LIC Branch. 2- Transfer your LIC Agency to any other LIC Branch outside current city or town and take transfer back next year. This year you can do business as visiting agent in any branch. By this way, you’ll get credit but your DO will not get credit.

How do I transfer my agency from one division to another?

The transfer desired should mean shifting from one place to another or involves movement from one Division to another, then place a request with your Branch Manager for recommendation of the SDM and onward migration to another Division which will in turn post your agency to the nearest Branch jurisdiction.

How to transfer LIC policy from Jaipur to Delhi?

Download and use LIC policy branch letter format in PDF format. I, Rakesh Sharma, am writing this letter to request you to please transfer my LIC policy (Policy No: 12345678) from your LIC branch office in Jaipur to the one in Karol Bagh, New Delhi.