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LIC Agent Salary | 2018 Fixed Salary COMMISSION – Stipend and Benefits

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.

Get Details: LIC Recruitment

LIC Agent Salary

Post LIC Agent Average SalaryMinimum and maximum salary
Relationship ManagerRs 411,889Rs 239K- Rs 829K
Assistant Branch Manager, BankingRs 459,541Rs 274K- Rs 745K
Branch Manager, BankingRs 871,136Rs 595K- Rs 1.6M
Bank ManagerRs 675,000Rs 0- Rs 675K
Relationship Manager, BankingRs 601,730Rs 0- Rs 602K
Personal BankerRs 350,000Rs 0- Rs 350K
Relationship BankerRs 499,100Rs 0- Rs 499K

Calculate Here: TDS on Salary

LIC Agent Salary according to the Gender

FemaleMale
Rs 245,659 – Rs 590,072Rs 238,371 – Rs 782,148

LIC Agent Salary according to Cities

Cities LIC Agent Salaries
Mumbai, MaharashtraRs 318,000 – Rs 887,500
Chennai, Tamil NaduRs 250,000 – Rs 1,164,000
Gurgaon, HaryanaRs 400,000
Kolkata, West BengalRs 244,168
Bangalore, KarnatakaRs 950,000

Must Read: LIC ADO Interview Questions & Answers

LIC Agent Salary according to Companies

Popular CompaniesSalary of LIC Agents
HDFC Bank Pvt LtdRs 236,718 – Rs 875,000
Axis BankRs 315,383 – Rs 589,581
Kotak Mahindra BankRs 472,500 – Rs 869,512
ICICI BankRs 370,000 – Rs 675,000
ICICI DirectRs 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), FinanceRs 308,000

Must Know: Top Highest Paying Government Jobs in India

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:

MARKETING

There are some activities that help the LIC Agent with a number of clients in a reasonable time. It also depends on:

  1. The service needs of clients.
  2. The time to recruit and train new agents.
  3. The time to recruit and train office staff.
  4. The time to attend life insurance industry meetings and
  5. 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.

Read Here: 7 Salary Negotiation Tips for New Job

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.

Check Out: Make Huge Money By Doing These Jobs

Significant Words:

We hope that you are satisfied with the details of LIC Agent Salary 2018 provided on this page. If you still have any query or doubts related to this post then you can type your comment in below comment box. Our experts will try to solve your queries son.

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