Can LIC agent change his branch?

No, you cannot change it, well, almost cannot. It feel extremely sickening to discover that a person whom you trusted for buying insurance has turned out to be insincere etc. If needed, you meet the branch manager, he will advise agent to improve his conduct.

Can I get a commission after the termination of an LIC agent?

would not be sufficient to deny renewal of commission unless it was established that he was also involved in soliciting and procuring customers for the rival company in which he had taken up a job. …

What happens if LIC agent dies?

In case of agent’s death while his agency subsists, after agency was in force for two years or over, renewal commission will continue to be payable to his heirs or nominee provided there was a business of not less than Rs. 1 lakh in force at the time of death.

Is it good to become LIC agent?

1] Joining A Successful Team: By joining LIC as agent, one will be a part of the country’s finest team of life insurance Agents. 2] Attractive Remuneration: LIC offers one of the best remuneration systems in the industry that not only takes care of your current earnings, but also guarantees an earning for the future.

Does LIC agent have target?

An LIC agent is required to sell minimum 12 policies per year, and if he fails to achieve this, he has an option to complete the target in another one year. But in the third year, if he fails to get 36 policies, his registration gets cancelled.

What is surrender value LIC?

Surrender Value This is the value which is the amount payable to you should you decide to discontinue the policy and encash the same from LIC. Surrender value is payable only after three full years premiums are paid to LIC.

Does LIC agents have PF?

As LIC agents were entitled to commission and gratuity alone, the Government should immediately introduce pension, provident fund and mediclaim to them, LIC Agents’ Organisation of India (LICAOI), general secretary, P G Dileep, told reporters here today.

Can I Change my LIC agent after getting a policy?

There is no provision to change LIC agent on the policy he has introduced, no doubt his service may be bad, but you should know one thing that a LIC agent’s job is only to introduce a customer to LIC for policy and he is not obliged to offer after sale service hence demanding he same from him is not justified.

How to write a resignation letter for an insurance agent?

Sample 1 – Insurance Agent Resignation Letter. Please accept this letter of resignation from the position of insurance agent, effective two weeks from today. My last day at [Name of Insurance Agency] will be [date]. I have accepted a position with another company that will further my growth and development in my career.

What will happen if I Surrender my LIC policy?

By surrendering LIC policy, you may not be in profit as they pay you some part of the total accumulated bonus and the premium you paid. # You will loose the Life Insurance Protection available from the policy. As surrender of LIC policy is considered as the closure of the contract between you and insurance company.

What is servicing branch in LIC policy?

Servicing branch may be the branch where you purchased the policy. Otherwise, if you changed the branch, then that particular LIC branch represent the servicing branch for you. The reason for this is, your all policy documents like proposal forms, loan details and all other details will be available at servicing branch only.