LIC Agent Salary
LIC Agent Salary depends on number of policies he/she sold in his prospect list of new customers. There are some agents whose Fixed Salary COMMISSION is in Millions and there are those who are struggling to sell the minimum quota.
Along with the LIC Agent Salary 2018 they will also get bucket of Stipend and Benefits which is well provided on below page. Being an agent of LIC is not job it is the profession where people work for certain hours and get paid.
How much an LIC agent can earn?
Infact there is no fixed LIC Agent Salary as they will get commission which is some percent of premium compensated by the policy owner brought by meticulous agent. There are some agents also who are earning crores as LIC Agent Commission.
To read further about LIC Agent Salary 2018 candidates have to go through below section of this page which is well created by the dedicated team members of recruitmentresult.com.
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LIC Agent Salary
|Post||LIC Agent Average Salary||Minimum and maximum salary|
|Relationship Manager||Rs 411,889||Rs 239K- Rs 829K|
|Assistant Branch Manager, Banking||Rs 459,541||Rs 274K- Rs 745K|
|Branch Manager, Banking||Rs 871,136||Rs 595K- Rs 1.6M|
|Bank Manager||Rs 675,000||Rs 0- Rs 675K|
|Relationship Manager, Banking||Rs 601,730||Rs 0- Rs 602K|
|Personal Banker||Rs 350,000||Rs 0- Rs 350K|
|Relationship Banker||Rs 499,100||Rs 0- Rs 499K|
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LIC Agent Salary according to the Gender
|Rs 245,659 – Rs 590,072||Rs 238,371 – Rs 782,148|
LIC Agent Salary according to Cities
|Cities||LIC Agent Salaries|
|Mumbai, Maharashtra||Rs 318,000 – Rs 887,500|
|Chennai, Tamil Nadu||Rs 250,000 – Rs 1,164,000|
|Gurgaon, Haryana||Rs 400,000|
|Kolkata, West Bengal||Rs 244,168|
|Bangalore, Karnataka||Rs 950,000|
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LIC Agent Salary according to Companies
|Popular Companies||Salary of LIC Agents|
|HDFC Bank Pvt Ltd||Rs 236,718 – Rs 875,000|
|Axis Bank||Rs 315,383 – Rs 589,581|
|Kotak Mahindra Bank||Rs 472,500 – Rs 869,512|
|ICICI Bank||Rs 370,000 – Rs 675,000|
|ICICI Direct||Rs 325,000|
LIC Agent Salary according to Degrees
|Degrees||LIC Agent Salaries|
|Bachelor of Commerce (BCom)||Rs 313,348 – Rs 825,655|
|Master of Business Administration (MBA)||Rs 853,500|
|Bachelor of Science (BS / BSc)||Rs 700,000|
|Bachelor of Business Administration (BBA)||Rs 300,000|
|Master of Business Administration (MBA), Finance||Rs 308,000|
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What are the variable that effects the earning of Life Insurance Agent?
One can answer the question of How much an LIC agent can earn by going through the below stated seven variables:
There are some activities that help the LIC Agent with a number of clients in a reasonable time. It also depends on:
- The service needs of clients.
- The time to recruit and train new agents.
- The time to recruit and train office staff.
- The time to attend life insurance industry meetings and
- The time to conduct local events designed to educate members of the community
DESIGN OF PRESENTATIONS
Design of presentations target the markets like high-income persons or couples in the professions, CEO’s of privately-owned companies with one thousand or more staff; well-heeled retirees, etc.
DESIGN OF P.R. CAMPAIGNS
Design of P.R. Campaigns is directed to the greater community with the intention to build the name of the firm that’s widely recognized.
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EXPANSION of PRODUCTS and SERVICES
By expanding the products and services personal economics of the firm will also increased. It also helps in expanding into schools to train students how to do what’s never been done before.
MEETINGS TO FIND
The right person (or persons) to serve the purpose of business successor management will be done in the meetings.
TEACHING “SERVICE BEFORE THE SALE”
Teaching to members of the business community about the service before the sale, Examples Advertising, Marketing and Public Relations
DEVELOPMENT OF PROGRAMS
Linking the needs of household members, business owners and government agencies are included in Development of Programs.
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