Life insurance agents play a critical role in the financial well-being of their clients by helping them plan for the future and secure their loved ones’ futures. However, becoming a successful life insurance agent requires a lot of hard work, dedication, and ongoing education. In this blog post, we’ll discuss how to become a successful life insurance agent and achieve your career goals. Get Educated The first step towards becoming a successful life insurance agent is getting

Life Insurance Corporation of India (LIC) has more than 12 lac agents. To motivate the agents, LIC has made different club according to the business procured by agents and club membership rules. These clubs mainly are, Distinguish Club, Branch Managers’ Club (BM Club), Divisional Managers’ Club (DM Club), Zonal Managers’ Club (ZM Club), Chairmans’ Club (CM Club), Newly introduced Galaxy club and Corporate Club. As per the business procured by the agents and club membership co

Ahead of its Diamond Jubilee year Life Insurance Corporation of India has given a good gift to its agents by changing various norm related to MBG criteria and eligibility norms related to recruitment of agent. This step will be beneficial for both agents as well as Development Officer of LIC. Earlier the MBG criteria for the LIC agents was 12 lives and . 100000/- FYPI  in an agency year. Latest News: LIC Launched New Plan Bima Shree (Plan 848). Click the image or link to Know

In my earlier post "Conditions for Club membership for FY 2015-16 for LIC agents"  I mentioned about the escalation clause and commission required to qualify for the particular club for the financial year 2015-16 for new as well as continuing club members. The escalation clause is a yearly increase in commission by 5% compared to last year, and it was effective from 2013-14 for new entrants and 2014-15 for continuing club members. But as per the new circular of LIC Mkt/A/21(R

Club membership for agents is one of the ways Life Insurance Corporation of India rewards its agent for higher and consistent performance. Until May 2014 the highest club was the corporate club and after that Chairman Club was there. There is a huge difference between the eligibility criteria of the corporate club and the Chairman Club. In May 2014, LIC of India introduced a new club between the corporate club and Chairman Club named Club Galaxy.  One of the reasons behind th