Part Time Job For Health Insurance Agents

Department Icon Insurance- General Insurance
Posted: 1 year ago
0-1 years
Ambattur, Tamil Nadu
Insurance- General Insurance
Work from Office
Full Time

Posted: 1 year ago
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Job Description

Skills:

Knowledge of health insurance policies, Strong communication skills, Sales skills, Customer service skills, Understanding of insurance regulations, Ability to explain complex information in simple terms, Attention to detail, Ability to work independently,

Are you Looking for a genuine and good Secondary Income Then do apply for this job.

Earn up to 35% as an incentive bonus for all your work, without any targets or work pressure,

An Agent needs to sell the Insurance products of LIC to potential customers and get a commission out of it. Its not necessarily a field job but can be done online in your home.

Its a commission-based job with no commitments so its up to the agent to take it as a full-time or part-time career.

Products of LIC

  • Endowment Plans that cover life risks and provide savings/huge amounts of money.
  • Pension Plans that will cover life risks and provide periodical payouts
  • Investment Plans such as ULIPs will give you Mutual Funds along with Life Cover
  • Terms Plan which covers your life risk at a minimal premium
  • Health Plans that will cover your hospital expenses along with the life risk

What An Agent Needs To Do

  • Prospect a customer and sell them the product they need.
  • Follow up on the customer so that the agent will get a good renewable commission

Commission Cycle

  • Twice every month, 1st and 16th

Remuneration

  • For Policies with Terms of more than 15 years: 25%+10%(bonus) commission for all the first year premiums, then in the second and 3rd years yeah the agent will get 7.5% each, followed by the agent will get 5% every year throughout the policy term.
  • Term 10-14 years: 20%+8%(bonus) for 1st-year premium, then in the second and 3rd year yeah the agent will get 7.5% each, followed by that the agent will get 5% every year throughout the policy term.
  • Term 5-9 years: 10%+4%(bonus) for 1st-year premium and then the agent will get 5% every year throughout the policy term.
  • In other terms, the Commission is based on the products

Why Would a customer want to buy an LIC Policy

  • To Cut the Taxes since all the premiums paid to a LIC Life insurance policy is exempted from tax up to 150,000 according to Section 80C of the IT Act, and all premiums paid to LICs Health Insurance policies are exempted from tax up to 50,000 according to Section 80D of IT Act.
  • The Maturity or Death benefits of LIC are Exempted from tax according to Section 10(10D) of the IT Act
  • Good Investment + Insurance opportunity as the customer not only gets Life cover but also various Bonuses on maturity from LICs Annual Profits which is huge compared to any other financial organization in India.

Contact Us

Jithin J Prasad, LIC Development Officer, Chennai

  • Email: [HIDDEN TEXT]
  • WhatsApp/Phone: +91 8714 430 432
  • Website: www.jithinjp.com

Skills

InsuranceHealth Insurance

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About Company

Life Insurance Corporation of India (LIC) is India's largest life insurer and a state-owned financial institution, established on 1 September 1956 under the Life Insurance Corporation Act passed by Parliament that June. It was formed by nationalising and merging 154 Indian life insurers, 16 foreign companies and 75 provident societies.

Headquartered in Mumbai, Maharashtra, LIC offers life insurance, pension and investment products through a nationwide branch and agency network, and employs close to 100,000 people. The corporation listed on the NSE and BSE in 2022 while remaining majority-owned by the Government of India.

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