Life Insurance Corporation of India is an Indian multinational public sector life insurance company headquartered in Mumbai. It is India’s largest insurance company as well as the largest institutional investor with total assets under management worth ₹52.52 trillion as of March 2024.
Part time job for private employees
About the job
Company Description
LIC, the largest financial institution and life insurance organization in India, is a state-owned public sector corporation with a central office in Mumbai. The company has 8 Zonal offices, 109 divisional offices, and 2048 fully computerized branches. In addition, LIC has opened 992 satellite offices in rural areas to serve rural communities. Founded in 1956, LIC has been at the forefront of financial and infrastructure development in India, playing a significant role in spreading life insurance among the masses.
Role Description
This is a full-time on-site role for a Part-time job for Private Employees at LIC located in Palakollu Mandal. The role involves day-to-day tasks related to the operations and services provided by LIC to its customers.
Qualifications
- Customer service skills and ability to handle policy inquiries
- Strong communication and interpersonal skills
- Attention to detail and ability to process transactions accurately
- Knowledge of insurance products and services
- Basic understanding of financial concepts and products
Part Time Job for Private Employees
About the Job
Skills
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,
Job Description
An Agent basically needs to sell the Insurance products of LIC to potential customers and get a commission out of it. It’s not necessarily a field job but can also be done online sitting in the comfort of your home.
It’s a commission-based job with no commitments so it’s 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 which will cover life risks and provides 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 which 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.
For other terms, the Commission is based on the products
Why Would a customer wants to buy a 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 LIC’s Health Insurance policies are exempted from tax up to 50,000 according to Section 80D of IT Act.
And 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 LIC’s Annual Profits which is huge compared to any other financial organization in India.
LIC DIGITAL AGENT
About the job
Company Description
LIC (Life Insurance Corporation of India) is the largest financial institution and life insurance organization in India, with its central office in Mumbai. Established in 1956 by the Government of India, LIC serves the nation with a vast network of zonal offices, divisional offices, computerized branches, and satellite offices in rural areas. LIC offers a wide range of insurance plans to meet the diverse needs of different segments of society.
Role Description
This is a part time/ full-time remote role for a LIC Digital Agent. The LIC Digital Agent will be responsible for insurance sales, brokerage, finance-related tasks, customer service, and insurance-related activities on a day-to-day basis.
Qualifications
- Insurance Sales and Brokerage skills
- Finance expertise
- Customer Service abilities
- Knowledge of insurance principles
- Excellent communication and interpersonal skills
- Ability to work independently and remotely
- Previous experience in insurance sales or related field is a plus
- Bachelor’s degree in Finance, Business, or related field
Life insurance advisor
Role Description
This is a part-time hybrid role for a Life Insurance Advisor at LIC in South Delhi. The role involves providing insurance consulting, financial advice, and exceptional customer service. While the primary location is in South Delhi, remote work is also possible, allowing for flexibility in the work environment.
Qualifications
- Insurance and Finance skills
- Consulting and Customer Service experience
- Strong Communication skills
- Experience in the insurance or financial industry
- Knowledge of life insurance products and financial planning
- Ability to build strong client relationships
- Excellent problem-solving skills
- Relevant certification or degree in Finance or Insurance
ULIP Advisor
Role Description
This is a full-time remote role for a ULIP Advisor at LIC. The ULIP Advisor will be responsible for advising clients on various insurance products, specifically ULIP plans. Day-to-day tasks include client consultations, creating personalized financial plans, promoting insurance products, and providing excellent customer service.
Qualifications
- Knowledge of ULIP plans and insurance products
- Strong interpersonal and communication skills
- Ability to understand and analyze financial data
- Sales and negotiation skills
- Customer service orientation
Kolkata Sales of LIC Policy and Advising
Role Description
This is a full-time hybrid role for a Kolkata Sales of LIC Policy and Advising at LIC. The role involves providing sales and advisory services for LIC policies in the Greater Kolkata Area, with the flexibility for some remote work.
Qualifications
- Communication and Customer Service skills
- Sales and Sales Management expertise
- Training capabilities
- Ability to understand and explain various insurance products
- Strong interpersonal and negotiation skills
- Knowledge of the insurance industry and regulatory requirements
- Proven track record of meeting sales targets
- Bachelor’s degree in Business, Marketing, or related field
