LIC Agent or Franchise Business – Cost, Commission, ROI & more
The LIC Agent Business is one of the most trusted and rewarding career options in insurance sector of India.
As a LIC franchise partner, you get the opportunity to sell a variety of Insurance products and earn attractive commissions.
To operate as a LIC insurance agent, the monthly business cost is Min. Rs.2,000, which includes office rent, utilities, marketing, and administrative expenses.
In return, agents can earn a commission ranging from 2% to 15% of Premium, depending on the type and value of policies sold. The more premium you generate, the higher your earnings.
| Total Agents | 14 Lakh+ |
| Total Investment | Rs.2,000 to Rs.53,500 (Optional) |
| Agents Commission | 2% to 15% of Premium |
| Avg. Monthly Profit | Approx. Rs.62,500 |
| Breakeven Time | 1 Month |
| Payout Time | 30 Days |
LIC Agent or Advisor - Business Models
Corporate Agents
Individual Agents
LIC Agent Commission
Life Insurance Commission
Health Insurance Commission
Motor Insurance Commission
Travel Insurance Commission
Business Insurance Commission
ULIP Commission
LIC Franchise Cost or Investment
Registration & Training Fees
Infrastructure Investment
LIC Insurance Franchise Profits & Income
Check out LIC Insurance Agent Profits & Income.
| Life Insurance Premium | 15,00,000 |
| Health Insurance Premium | 3,50,000 |
| ULIP Premium | 6,00,000 |
| Life Insurance Commission | 30,000 |
| Health Insurance Commission | 52,500 |
| ULIP Commission | 12,000 |
| Agent’s Income | 94,500 |
| Total Expences | 32,000 |
| Agent’s Net Profit | 62,500 |
| Net Profit Margin | 2.55% |
LIC Insurance Agent Business - Offers
Life Insurance Commission 2% or More
Health Insurance Commission 10% or More
Zero Investment
ULIP Investment
Motor Insurance
IRDAI Certification
PoSP Certification
LIC Insurance Partner Support
Dedicated RM Support
Service Training
Product Training
Webinars
Back-Office Support
Acquisition Support
Marketing Support
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LIC Insurance Franchise - Office Requirement
Area in Sq. Ft.
No. of Employees
Reception
Managers Cabin
Mobile or Telephones
Call Recording
Laptops or Computers
CCTV Set-up
LIC Agent Dashboard Link
Web Platform
App Platform
LIC Partner Backoffice Platform - Features
Lead Addition Link
Manual Lead Addition
Lead Stage Info
Lead Info Backend Change
Lead Deletion
Commission Mapping
Leads Report
Clients Activation Report
Clients Portfolio Report
Monthly Payout Report
LIC Insurance Advisor Review or Ratings by Finec.in
Overall Rating
Commission
Investment
Breakeven
Support
Experience
LIC Partner Program - Products Offered
Life Insurance
Health Insurance
Motor Insurance
Travel Insurance
Business Insurance
Agricultural Insurance
Rural Insurance
Investment Plans (ULIPs)
LIC Franchise Business - Platforms Offered
Mobile App
Web Platform
Backoffice Platform
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How to Become an LIC Agent? - Eligibility Criteria
Age Limit
Nationality
Academic Qualification
IRDAI Certification
PoSP Certification
Business Experience
LIC Insurance Agent - Documents Required by Individuals
Agent Agreement
Identity Proof - Aadhaar
Address Proof - Aadhaar / Rental Agreement
PAN
Passport Size Photo
Bank Account Details
Bank Cancelled Cheque
GST Registration Certificate
Latest ITR or Form16
LIC Insurance Franchise - Documents Required by Firms or Company
Agent Agreement
Firm or Companies PAN
Firm or Companies TAN
Firm or Companies Incorporation Certificate
Firm or Companies Bank Details
Firm or Companies Cancelled Cheque
All Partners or Directors PAN
All Partners or Directors Aadhaar
All Partners or Directors Photo
GST Registration Certificate
Latest ITR or Form16