Indeed, it is within the realm of possibility for an advocate to embark upon the noble path of a Life Insurance Corporation (LIC) agent. This pursuit necessitates the fulfillment of requisite training and acquisition of the essential license for the sale of insurance policies, an opportunity extended to professionals hailing from diverse vocations, including the esteemed realm of advocacy. Nevertheless, it is of paramount importance to acknowledge that the mere designation of an advocate does not inherently bestow eligibility upon an individual to assume the mantle of an LIC agent; rather, they must satisfactorily satisfy the distinct criteria meticulously established by the venerable institution that is LIC.
So let us dig a little deeper
It is indeed possible for an advocate to pursue a career as a Life Insurance Corporation (LIC) agent, but certain prerequisites and conditions must be fulfilled. Let’s delve into this topic in more detail:
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Training and licensing: Advocates who aspire to become LIC agents should undergo the requisite training and obtain the necessary license to sell insurance policies. This training typically covers various aspects of insurance, sales techniques, product knowledge, and customer service.
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Eligibility criteria: While being an advocate may provide a strong foundation in communication and persuasion skills, it does not automatically grant eligibility to become an LIC agent. LIC has specific criteria that must be met, which may include educational qualifications, age limits, and certain examinations or interviews.
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Unique role: Transitioning from advocacy to the insurance sector presents a different set of challenges and responsibilities. As an LIC agent, one must develop expertise in insurance products, understand financial planning, conduct market research, and build a client base. This requires adapting to a new professional environment and acquiring skills beyond legal expertise.
Despite the differences between being an advocate and an LIC agent, the skills and qualities developed in the field of law can be beneficial in the insurance industry. As Mahatma Gandhi famously said, “The best way to find yourself is to lose yourself in the service of others.” Being an LIC agent offers the opportunity to serve others by providing financial security through insurance.
To provide a concise overview, here is a table summarizing the key points:
| Advocacy and LIC Agency |
|---|
| Training and licensing |
| Eligibility criteria |
| Unique role |
| Skills and qualities |
| Famous Quote |
While this table offers a concise summary, it is important to thoroughly research and adhere to the specific requirements set by LIC for advocates seeking to become LIC agents. Always consult official LIC guidelines and reach out to appropriate authorities for accurate and up-to-date information.
Response video to “Can an advocate become LIC agent?”
Found more answers on the internet
You may pray for suspension of your license of Advocate and then you may work as LIC Agent. only after surrendering your bar license, otherwise you’ll be prosecuted for professional misconduct.
According to the Bar Council of India, an advocate cannot become an LIC agent. However, if you are a lawyer, you can become an LIC agent. Another source says that it is possible to do both. If you are an advocate and want to work as an LIC agent, you may need to pray for suspension of your license of Advocate.
The rules of Bar council of india doesn’t permit lic agent for advocate. It seems that your are not advocate, you are mentioning lawyer in your query. So, lawyer can become lic agent.
Yes. You can do both.
Under law an Advocate cannot to do a work other than an Advocate. You may pray for suspension of your license of Advocate and then you may work as LIC Agent
Furthermore, people ask
Can an advocate do any business in India? Rule 47 provides that an advocate shall not personally engage in any business; but he may be a sleeping partner in a firm doing business provided that in the opinion of the appropriate State Bar Council, the nature of the business is not inconsistent with the dignity of the profession.
Additionally, What is the highest salary of LIC agent in India?
Average starting Salary for LIC Agent in India is around ₹0.3 Lakh per year (₹2.5k per month). No prior experience is required to be a LIC Agent. What is the highest salary for a LIC Agent in India? Highest salary that a LIC Agent can earn is ₹5.2 Lakhs per year (₹43.3k per month).
Besides, What is the commission rate for LIC agents?
The LIC does not pay its agents a fixed remuneration. However, agents receive a commission for the insurance they sell. For the first year, LIC offers a commission of 25% to 35% on the policy premium, followed by 7.5% for the second and third years, and 5% till the policy’s maturity.
Keeping this in view, Who can enroll as an advocate in India?
Answer to this: The person must complete the age of 21 years. The person must obtain a law degree. The person has to fulfill the other requirements and conditions specified in the rules made by the State Bar Council. The person has to pay the required stamp duty fees chargeable under the Indian Stamp Act, 1989 for enrollment.
Hereof, Do you need a license to be an advocate?
The answer is: Employers also accept work experience in place of education, and some companies hire advocates on an entry-level basis. Advocates who travel to different businesses or facility branches, or go to meetings with customers, must also have a valid driver’s license.
Secondly, How to become an agent in LIC? To become an agent in LIC, candidates can either register online, or send SMS, or visit the nearest LIC branch. Life Insurance Corporation (LIC) of India has published a notification inviting people from different walks of life, to join the organization as an agent.
Why should you choose LIC? LIC offers extensive infrastructural, marketing and technical supports to its agents in the field. Well-designed tools, collaterals and assets are available to agents as well. There is complete transparency over commissions and benefits as an exclusive agent portal and app is used to manage the performance.
Do you need a license to be an advocate? Employers also accept work experience in place of education, and some companies hire advocates on an entry-level basis. Advocates who travel to different businesses or facility branches, or go to meetings with customers, must also have a valid driver’s license.
Keeping this in consideration, How to become an agent in LIC?
Response will be: To become an agent in LIC, candidates can either register online, or send SMS, or visit the nearest LIC branch. Life Insurance Corporation (LIC) of India has published a notification inviting people from different walks of life, to join the organization as an agent.
Secondly, Why should you choose LIC?
The reply will be: LIC offers extensive infrastructural, marketing and technical supports to its agents in the field. Well-designed tools, collaterals and assets are available to agents as well. There is complete transparency over commissions and benefits as an exclusive agent portal and app is used to manage the performance.
Likewise, How to become a LIC agent if you don’t have a PAN card? Apply for a PAN card. If you do not yet have a Permanent Account Number (PAN), you need to apply for one before you become an LIC agent. Your PAN card lists your ten-digit number that registers you with the Indian Income Tax Department. It also serves as a document that can provide proof of identification.