World’s No.1 Life Insurance Company, LIC (Life Insurance Corporation of India) has released notification for the recruitment of Life Insurance Advisors in Hyderabad/Secunderabad.
Part Time jobs in LIC with a motto of Work for Part Time – Earn for LIFE TIME with LIC.
Now a days LIC agents career is a highest paid profession in the world with royal income and worldwide recognition. Top LIC Agents earns Rs.3 to 4 Crores per annum. 
The remuneration to an advisor will be paid in the form of Commission in percentage, of premium collected through the policies sold.
The commission is not a one time on a sale made by an agent. It provides the royalty income throughout the term of policy, as long as policy holder pays the Premium agent will get the commission.
Moreover the commission is hereditary i.e. it will be paid to your nominees even after your death.
For example commission on a endowment policy of term 15 years is:
1st Year Commission: 25% of Premium.
Bonus Commission 40% of first year Commission (i.e. 10% of Premium)
Total 1st Year Commission : 35% of Premium
Renewal Commission:
2nd & 3rd Year of policy : 7.5% of Premium
4th Year onwards: 5% of Premium
By working as a part time agent in Hyderabad, an agent can get expected commission as per endowment commission rates will be as under for next 5 years:
|
Expected Premium |
Expected Commission |
||||
|
1st Year |
2nd Year |
3rd Year |
4th Year |
5th Year |
|
|
12,00,000 |
4,20,000 |
90,000 |
90,000 |
60,000 |
60,000 |
|
24,00,000 |
8,40,000 |
1,80,000 |
1,80,000 |
1,20,000 |
|
|
36,00,000 |
12,60,000 |
2,70,000 |
2,70,000 |
||
|
48,00,000 |
16,80,000 |
3,60,000 |
|||
|
60,00,000 |
21,00,000 |
||||
|
Total |
4,20,000 |
9,30,000 |
15,30,000 |
21,90,000 |
29,10,000 |
To know more about part time jobs in LIC, Hyderabad can give us a call on 8885056402 or leave a message in our portal www.ourlicofindia.in