LIC agent is
the person who provides advice on Life Insurance Planning to people to protect
their family from unexpected events of death, disability and retirement of the
bread winner. It is a noble profession indeed.
LIC agent
also contributes to economic development of the country. As the money collected
towards life insurance premium goes towards Nation Building Activities e.g:
Roads, Railways, Ports, Bridges, Water supply, Electricity, Housing etc.
LIC agency
as a career has a tremendous potential. Life insurance sector was opened for
private companies in the year 2000. As on 31/03/2012 there were 24 life
insurance companies. LIC’s market share on new business premium as on
31/03/2012 stood at 71.36%, other 23 companies have combine market share of
just 28.64%. On number of policies LIC’s market share is 80.90%.
During the
last 10 years the new business premium income of life insurance sector has
increased from Rs.9,707
crores in the year 2000-2001 to Rs.1,26,381 crores in the year 2010-2011 i.e compounded annual growth
rate of 29.26%. As per report of BCG (Boston consulting group) and FICCI of April
2011 “India Insurance: Turning 10, Going on 20”, it is estimated that life
insurance sector will grow at the rate of 20% to 22% during the next 10 years
i.e the estimated premium during the year 2020-2021 will be in the range of Rs.15 lakh crores to Rs.20
lakhs crores.
At present
India is ranked 9th in global life insurance industry with market
share of 2.69%. By the year 2020 it is
likely to be one of top three life insurance markets behind China and USA, it
will overtake the Japan, British, France and Germany markets.
India has
about 40% of young population at present i.e. age group 20 to 49 years. This is
expected to grow to 45% by the year 2020. The income level of this group is
rising and with increasing life expectancy and concept of nuclear family the
need for life insurance will also increase.
The level of
education and general awareness of about life Insurance is increasing day by
day. Customers prefer to buy insurance from people who give them correct advice
and provide excellent after sales service. Such types of agents are very few in
the market at present. Lot of part time agents are leaving this industry due to regulatory changes. This has already created the huge demand for the
Professional life insurance advisors.
Top 10 LIC
agents earn between Rs.3
crores to Rs.4 crores per
annum. The average gross income of top 10% of LIC agents is Rs.10 lakhs per annum.
You will be trained in
such a way that you will be among top 10% of agents within 3 years’ time and your earnings will be minimum Rs-1,00,000 per month, the
only pre-requisites are Passion and Hard
work.
Over and above the money, you will get
immense job satisfaction by helping people in ensuring their future financial
security. By doing this you gain prestige in the society. Moreover you can pass
on this business to your future generations as a legacy.
Welcome to the
world of unlimited opportunities, visit our website www.licguru.in or call on 9869624991 to know more about this profession and also apply online. Your success is our commitment.
Kamlesh
Gurbuxani.