A brief about LIC
LIC is a leading life insurance company which has a customer base of more than 250 million individuals. Call it to trust in the company or the company’s domination over the insurance market, LIC has been one of the most preferred life insurance companies for years. The company has a range of insurance plans at its disposal.
You can also join LIC and become an advisor and sell insurance policies. In fact, a career in an insurance agency is beneficial because it promises good income. If you want to sell LIC policies, there are some formalities which you need to go through to get a license.
The new way to sell LIC policies as an advisor: Become a POSP with MintPro
A Point of Sales Person or a PoSP is actually the latest type of an insurance advisor that has been specifically designed by the IRDAI, i.e. the Insurance Regulatory and Development Authority of India. All you need to do is to take an online training with Mintpro at the comfort of your home, appear for an exam and when you pass, you get a license to sell insurance policies as per PoSP guidelines of the IRDAI.
However, as a PoSP, you can sell insurance policies not only of LIC but also of other life insurance companies as well. Moreover, after you get the license of a PoSP, you can also position and sell general insurance policies of different companies as well!
How does Mintpro help?
Mintpro allows you to become a Point of Sales Person (PoSP) and sell insurance policies for both life and general insurance companies. Moreover, you get the option of selling life insurance policies of LIC and other leading life insurance companies when you choose Mintpro and become a Point of Sales Person (PoSP).
The training required for becoming a Point of Sales Person (PoSP) is imparted by Mintpro as per the syllabus prescribed by the IRDAI. There are simple online training modules which you can access on your smartphones and computers. You do not need to attend any classroom training and attend the PoSP training on your mobile or computer from the comfort of your home or office.
The training duration for PoSP is 15 hours and the online videos make the whole training process easy and simple to understand.
After completing the training modules, you can appear for a simple online examination which is conducted by Mintpro. Once you clear the examination you get a license to act as a Point of Sales Person (PoSP) and sell insurance policies of multiple companies as per IRDA’s PoSP guidelines.
So, you can choose Mintpro to become a Point of Sales Person (PoSP). This way, you can sell not only LIC policies as a PoSP but also multiple insurance policies of both life and general insurance from multiple insurers.
The Traditional Way to become a LIC agent:
However, if you wish to enrol with LIC directly as a LIC insurance agent. Read “How to become a LIC agent?” to know the entire procedure.
However, there are some formalities that need to be fulfilled, like:
- You have to register with LIC
- Take LIC agent training to understand the concept of insurance
- Appear for an exam prescribed by IRDAI
- Clear the exam and get a license to act as a LIC agent
What is LIC agent training?
As per the guidelines laid down by the Insurance Regulatory and Development Authority of India (IRDAI), class-room training is mandatory before an individual becomes an agent of an insurance company. The duration of the LIC agent training depends on the type of agency you apply for. So, if you want to become a LIC agent, you have to undertake the prescribed LIC agent training of 25 hours to get knowledge about the concepts of insurance.
Why is LIC agent training required?
Insurance is a technical concept. Before you venture out to sell insurance policies, you should understand the basic concepts of insurance. These concepts are also tested in an examination which is conducted by the Insurance Regulatory and Development Authority of India (IRDAI) to ensure that the agent license is given to individuals who understand how insurance works.
Thus, to teach you the concepts of insurance, how it works and how to sell insurance policies and also ensure that you clear the exam, the LIC agent training is required. This will help you increase your earnings as well.
Benefits of LIC agent training
- You can clear the IRDAI exam with the knowledge imparted in the LIC agent training
- You become a knowledgeable insurance agent who understands the different aspects of insurance after you attend the LIC agent training
- You can answer your customer’s queries about the technicality of insurance when you have such knowledge yourself.
Thus, the LIC agent training is beneficial, not only to clear the exams but also to sell insurance policies as a LIC agent thereafter.
Know more about LIC agent training:
To become a LIC agent, you have to undertake classroom training for 25 hours. This LIC agent training is prescribed by the Insurance Regulatory and Development Authority of India (IRDAI). The LIC agent training is conducted either at the divisional offices of LIC or its zonal LIC agent training centres. Some of the branches and offices of LIC are as follows –
LIC branches and offices
|LIC of India, Delhi CAB 1021||LIC of India, Delhi CAB 1021 18/60, GEETA COLONY Delhi 110031|
|LIC of India, Bombay Branch Office||883, 1st Floor East Wing Yogakshema Mumbai 400021|
|LIC of India, Calcutta (CBO-7)||LIC of India, Calcutta (CBO-7) 64 Ganesh Chandra Avenue Kolkata 700013|
|Hirak Avenue, Nehru Park||Hirak Avenue, Nehru Park, Vastrapur, Ahmedabad 380015|
|NO.8, 17TH STREET,||NO.8, 17TH STREET,, 3RD MAIN ROAD, NANGANALLUR, CHENNAI 600061|
For other offices near your area, you can refer the link: LIC office addresses
It was impossible for me to attend LIC advisor training because I have a full-time job. I wanted to become a LIC advisor and chose Mintpro. I was able to take training on my mobile in my free time. It was really convenient
I knew training is required to become a LIC advisor but I was hard-pressed for time. I applied with Mintpro and they let me take trainings online from anywhere. It was really easy
Mintpro’s training is a great way to become an insurance advisor and sell policies of LIC as well as other companies.
LIC training required me to attend classroom training while Mintpro gave me the online option. Needless to say, the online mode is better as it is more convenient.