why choose Career with Lic
why to choose career with lic, Most people have their first contact with an insurance company through an insurance sales agent. These workers help individuals, families, and businesses select insurance policies that provide the best protection for their lives, health, and property.
Below are the Reason why to choose Career with Lic-
- Because Out of total insurable population only 40% are covered till today.
- This 40 % also are also not adequately covered.
- Only 20% of the total agency force is working as Professionals, and these 20% brings 80% of the total life Insurance business.
- NOTE: WE WILL HELP TO BUILD YOUR CAREER AS A PROFESSIONAL AGENT AND MAKE SURE THAT YOU WILL BE AMONG THESE TOP 20% AGENTS.
- Low Insurance Penetration.
- Low Insurance Density.
- Low Volume of Life Insurance Premium.
- High per capita Savings.
- Increase in the working population.
- Growth in Personal Income.
- High Consumer Awareness.
- Strong LIC brand.
- Indian household saving in the financial sector is 32% of gross domestic savings for the year 2007-08.
- The share of life Insurance premium was 17.9% of gross household savings.
- Indian households save more than those in other emerging markets like China and Brazil.
- The corresponding household savings in Brazil are 5%, China-15%, UK-2%, USA-1% of gross domestic savings.
You will be associated with one of the leading Life Insurance Company of the world. The brand image of LIC of India is huge, people in India identifies life Insurance as LIC only. Thus selling life Insurance policies for LIC of India is much easier.
The sum assured of all policies issued by LIC of India including any bonuses declared in respect thereof and, subject to the provisions contained in section 14 the amounts assured by all policies issued by any insurer the liabilities of which have vested in the LIC of India under this Act, and all bonuses declared in respect thereof, whether before or after the appointed day, shall be guaranteed as to payment in cash by the Central Government. Under-Section 37 of LIC ACT, 1956