A brief about LIC
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.
The new way to sell LIC policies as an advisor: Become a POSP
A Point of Sales Person or a PoSP is actually the latest type of an insurance advisor that has been specifically designed by the IRDAI, i.e. the Insurance Regulatory and Development Authority of India. All you need to do is to take an online training with TurtlemintPro at the comfort of your home, appear for an exam and when you pass, you get a license to sell insurance policies as per PoSP guidelines of the IRDAI.
However, as a PoSP, you can sell insurance policies not only of LIC but also of other life insurance companies as well. Moreover, after you get the license of a PoSP, you can also position and sell general insurance policies of different companies as well!
How does TurtlemintPro help?
TurtlemintPro allows you to become a Point of Sales Person (PoSP) and sell insurance policies for both life and general insurance companies. Moreover, you get the option of selling life insurance policies of LIC and other leading life insurance companies when you become a Point of Sales Person (PoSP).
The training required for becoming a Point of Sales Person (PoSP) is imparted by TurtlemintPro as per the syllabus prescribed by the IRDAI. There are simple online training modules which you can access on your smartphones and computers. You do not need to attend any classroom training and attend the PoSP training on your mobile or computer from the comfort of your home or office.
The training duration for PoSP is 15 hours and the online videos make the whole training process easy and simple to understand.
After completing the training modules, you can appear for a simple online examination which is conducted by TurtlemintPro. Once you clear the examination you get a license to act as a Point of Sales Person (PoSP) for Turtlemint and sell insurance policies of multiple companies as per IRDA’s PoSP guidelines.
So, you can choose TurtlemintPro. This way, you can sell not only LIC policies as a PoSP but also multiple insurance policies of both life and general insurance from multiple insurers.
The Traditional Way to become a LIC advisor:
However, if you wish to enrol with LIC directly as a LIC insurance advisor. Read “How to become a LIC advisor?” to know the entire procedure.
However, there are some formalities that need to be fulfilled, like:
- You have to register with LIC
- Take LIC advisor training to understand the concept of insurance
- Appear for an exam prescribed by IRDAI
- Clear the exam and get a license to act as a LIC advisor
What is LIC advisor training?
As per the guidelines laid down by the Insurance Regulatory and Development Authority of India (IRDAI), class-room training is mandatory before an individual becomes an advisor of an insurance company. The duration of the LIC advisor training depends on the type of agency you apply for. So, if you want to become a LIC advisor, you have to undertake the prescribed LIC advisor training of 25 hours to get knowledge about the concepts of insurance.
Why is LIC advisor training required?
Insurance is a technical concept. Before you venture out to sell insurance policies, you should understand the basic concepts of insurance. These concepts are also tested in an examination which is conducted by the Insurance Regulatory and Development Authority of India (IRDAI) to ensure that the advisor license is given to individuals who understand how insurance works.
Thus, to teach you the concepts of insurance, how it works and how to sell insurance policies and also ensure that you clear the exam, the LIC advisor training is required. This will help you increase your earnings as well.
Benefits of LIC advisor training
- You can clear the IRDAI exam with the knowledge imparted in the LIC advisor training
- You become a knowledgeable insurance advisor who understands the different aspects of insurance after you attend the LIC advisor training
- You can answer your customer’s queries about the technicality of insurance when you have such knowledge yourself.
Thus, the LIC advisor training is beneficial, not only to clear the exams but also to sell insurance policies as a LIC advisor thereafter.
Know more about LIC advisor training:
To become a LIC advisor, you have to undertake classroom training for 25 hours. This LIC advisor training is prescribed by the Insurance Regulatory and Development Authority of India (IRDAI). The LIC advisor training is conducted either at the divisional offices of LIC or its zonal LIC advisor training centres. Some of the branches and offices of LIC are as follows –
LIC branches and offices
|LIC of India, Delhi CAB 1021||LIC of India, Delhi CAB 1021 18/60, GEETA COLONY Delhi 110031|
|LIC of India, Bombay Branch Office||883, 1st Floor East Wing Yogakshema Mumbai 400021|
|LIC of India, Calcutta (CBO-7)||LIC of India, Calcutta (CBO-7) 64 Ganesh Chandra Avenue Kolkata 700013|
|Hirak Avenue, Nehru Park||Hirak Avenue, Nehru Park, Vastrapur, Ahmedabad 380015|
|NO.8, 17TH STREET,||NO.8, 17TH STREET,, 3RD MAIN ROAD, NANGANALLUR, CHENNAI 600061|
For other offices near your area, you can refer the link: LIC office addresses