LIC

About LIC

The Life Insurance Corporation of India (LIC) is a pioneer in the life insurance industry. The company was the first life insurance company formed in India and as such it has the largest customer base. As such, LIC has more than 2048 branches operating today. Customers have an inherent trust in the plans offered by the company and so they readily buy LIC insurance policies. Due to this many individuals seek to become an insurance advisor and sell LIC policies.

LIC was established in the year 1956 after the Life Insurance Corporation Act was passed in June 1956. Ever since then, LIC has been a leader in the insurance industry. Though other private companies were allowed to enter the life insurance market in the year 2000, LIC still has the largest customer base. Customers have faith in LIC and therefore buy LIC policies quite easily. That is why many individuals become advisor with LIC to sell policies and earn attractive commissions for themselves.

LIC is one of the most popular life insurance companies in the market. People have trust in the company because it has been in existence for a very long time. The company was formed in the year 1956 when the Government nationalized the life insurance business. Since then, the company enjoyed monopoly power in the insurance market up until the year 2000 when private insurers were also allowed in the segment. LIC offers a range of life insurance plans suitable for the different needs of individuals. From pure protection plans to savings and investment plans, LIC has a plan for everyone. You can become an advisor with LIC and sell its plans to your contacts. The plans you sell would earn you an income in the form of commissions.

When it comes to life insurance, the Life Insurance Corporation of India (LIC) is the first choice for most individuals. Since the company was the first life insurance company and has been in the market for the longest period of time, insurance advisors and also customers have trust in LIC. LIC was formed in the year 1956 as the sole life insurance company in the Indian insurance market. Since then, LIC enjoyed a monopoly position in selling life insurance policies till the year 2000 when private companies were allowed entry into the insurance market. Even today, when there are more than 20 insurance companies, LIC has an unwavering reputation.

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.