LIC Agent or Insurance Advisor Business – Commission, Cost, Income & more
Know everything about LIC Agent or Insurance Advisor Business Opportunity here.
Check out details like the LIC Franchise Review and Ratings, Cost, Commission Infrastructure requirements, Support details, ROI tenure, and more.
This Insurance Agent business is a leading insurance franchise. You can check all relevant information & make your insurance business investment decision.
LIC Agent Business Opportunity - Snapshot
Line of Business
Unit / Shop Area
Commission% / Revenue Sharing
Total Investment
ROI Timeframe
LIC Insurance Agent Review & Ratings by Franchisebyte
Revenue Sharing
Franchise Fee & Infra Investment
Support & Training
ROI Timeframe
Brand Value
Overall Ratings
Star Ratings
Overview of LIC Franchise
Industry
Business Line
Organization Type
Head Office
Founder
Founded In (year)
No. of Agents
Master Franchise Model
Agents Tenure
Agents Location
Business Set-Up Time
Agent Commencement Year
LIC Agent Fees or Business Cost
Registration & Training Fees
Infrastructure Investment
LIC Advisor Commission / Revenue Sharing / Royalty
Life Insurance Commission
Health Insurance Commission
Motor Insurance Commission
Travel Insurance Commission
Business Insurance Commission
ULIP Commission
LIC Insurance Partner – Income, Expenses & Profits
Check out expected profits & expenses generated by LIC Franchise Business.
| Life Insurance Premium | 15,00,000 |
| Health Insurance Premium | 3,50,000 |
| ULIP Premium | 6,00,000 |
| Life Insurance Commission (2% of Pre) | 30,000 |
| Health Insurance Commission (15% of Pre) | 52,500 |
| ULIP Commission (2% of Pre) | 12,000 |
| Agent’s Income | 94,500 |
| Total Expenses | 32,000 |
| Agent’s Net Profit | 62,500 |
| Net Profit Margin | 2.551% |
LIC Insurance Advisor ROI Details
In Months
Master Franchise of LIC - Information
Franchise Fee
Infrastructure Investment
Commission% / Revenue Sharing
LIC Agent Business - Infrastructure Requirement
Shop / Unit Area
Employee Strength
Telephone Lines
Computer / Internet Connectivity
Airconditioner
CCTV Set-up
Check out Business Opportunities with Similar Brands
Support Provided by LIC Insurance Agent Program
Offers
Client Interaction Training
Relationship Manager Support
Back-Office Support
Marketing Support
Business Management Software
Website Support
Operation Manual
Training Manual
LIC Partner Program - Marketing Support
Unit Interior & Exterior Ads
Local Advertisement
Digital Marketing
Television Advertisement
Prints Advertisement
Events/Seminars
Training provided by LIC Insurance Advisor Franchise
Product Information Training
Sales Training
Service Training
ULIP Training
LIC Insurance Agent - Products & Services Offered
Life Insurance
Health Insurance
Motor Insurance
Travel Insurance
Business Insurance
Agricultural Insurance
Rural Insurance
Investment Plans (ULIPs)
Check out Business Opportunities with Similar Brands
LIC Franchise - Revenue per Customer
Life Insurance Premium
Health Insurance Premium
Motor Insurance Premium
Travel Insurance Premium
Business Insurance Premium
Agricultural Insurance Premium
Rural Insurance Premium
Investment Plans (ULIPs)
Qualification required by LIC Insurance Agent
Nationality
Age Limit
Business Experience
Academic Qualification
IRDAI Certification
PoSP Certification
Documents Required to Start LIC Agent
Insurance Agent Agreement
Proprietor Aadhaar Copy
Proprietor Photo
Proprietor / Business PAN Copy
Business TAN Copy
GST Registration Certificate
Proprietor / Business Address Proof
Unit / Shop Address Proof
Latest ITR or Form16
Bank Statement
LIC Partner Dashboard or Backoffice Login
Dashboard Link
