Like many youths, if you are also thinking of starting work with LIC in the insurance sector and are looking for such a LIC recruitment in which LIC keeps giving some amount to its agent as monthly salary for marketing expenses and survival, then LIC has brought such a recruitment in Agent Recruitment 2024 in which the agent will get a monthly stipend as salary.
LIC has named this recruitment LIC Urban Career Agent 2024, which can also be called UCA. You will get to see the advertisement for this recruitment of LIC in big newspapers. The application date for this recruitment will be from May 22, 2024, to June 3, 2024.
What is LIC Urban Career Agent Recruitment 2024
LIC Urban Career Agent Recruitment 2024 is a recruitment initiative by the Life Insurance Corporation of India (LIC) to recruit individuals for the post of Urban Career Agent. This role involves promoting and selling LIC insurance products in urban areas. By joining this post, the agent can get a monthly salary in the form of commission as well as a stipend.
Important Dates
- Application Start Date: May 22, 2024
- Application End Date: June 3, 2024
Who Can Apply for LIC Urban Career Agent Recruitment 2024?
To apply for the LIC Urban Career Agent Recruitment 2024, candidates must meet certain eligibility criteria. This includes educational qualifications and age limits, among other requirements.
Eligibility Criteria
- Educational Qualification: Applicants must have a relevant graduation degree from a recognized college or university.
- Age Limit: Age 21 to 35 years based on last birthday (upper age may be relaxed up to 40 years of age for candidates belonging to SC/ST/Ex-Servicemen or for those having sales or marketing experience).
- Residential Stipulation: you should be a resident for at least one year within the jurisdiction of the Career Agent Branch (CAB) on the date of this notification of Recruitment.
Who is not eligible for LIC Urban Career Agent
- Employees and agents of LIC of India, spouses of employees in central and state government, and public sector undertakings are not eligible.
- Relatives of development officers, agents, and employees are not eligible.
- Retired employees or former agents seeking re-employment will not be allowed to be recruited as UCA.
How to Apply for LIC Urban Career Agent Recruitment 2024?
The LIC Agent Notification 2024 states that the application will be accepted offline. Applicants have to submit their updated biodata to the proper office address of the Life Insurance Corporation of India. The office address in Chennai is listed. Applicants’ biodata must include all the required information accurately.
The announcement states that the application form must be submitted between May 22, 2024, and June 3, 2024. Applicants must submit their offline applications by the specified deadline.
Selection Process for LIC Urban Career Agents
The selection process involves three main stages:
- Written Exam: The selection process typically starts with a written examination that tests your knowledge in various areas relevant to the insurance industry..
- Personal Interview: Successful candidates from the written exam will be called for a personal interview to assess their suitability for the role.
- Medical Examination: A medical exam to ensure candidates are fit for the job.
Roles and Responsibilities of an LIC Urban Career Agent
As an LIC urban career agent, your daily tasks will include meeting clients, understanding their insurance needs, and providing suitable policy options. You’ll also be responsible for policy renewals and claim processing.
Building and maintaining strong relationships with clients is crucial. This involves regular follow-ups and providing excellent customer service to ensure client satisfaction and loyalty.
Read Also: LIC Accidental Death Claim Process
Urban Career Agent in LIC Salary
As an LIC agent, the earnings are generally commission-based. But candidates selected for the LIC Urban Career Agent Recruitment 2024 will receive a stipend as a monthly salary. Here is how candidates who become UCA generally earn
Stipend:
Candidates selected as Urban Career Agents in LIC will get a monthly stipend for 3 years, which is as follows:
- For the first year, the stipend is Rs. 12,000 per month.
- For the second year, the stipend is Rs. 11,000 per month.
- For the third year, the stipend is Rs. 10,000 per month.
75% of this stipend amount will be payable at the end of the month, and the remaining 25% will be payable at the end of the year.
Commission:
- UCA agents earn a commission on every new policy they sell. The commission rate may vary depending on the type and term of the policy.
- Agents also earn a small commission on renewals of existing policies. This provides a steady income stream as long as customers keep renewing their policies.
Bonus and Incentive:
- LIC offers performance-based bonuses to agents who meet or exceed sales targets. These targets can be monthly, quarterly, or annually.
- LIC runs various incentive programmes, including trips, awards, and other rewards, to motivate agents to achieve higher sales.
- Can become eligible for a two-wheeler advance.
- Eligible for CLIAship after three years, as per the terms and conditions.
Frequently Asked Questions (FAQs)
What is LIC Urban Career Agent
LIC Urban Career Agent Recruitment 2024 is a recruitment initiative by the Life Insurance Corporation of India (LIC) to recruit individuals for the post of Urban Career Agent. This role involves promoting and selling LIC insurance products in urban areas. By joining this post, the agent can get a monthly salary in the form of commission as well as a stipend.
Who is eligible for LIC Urban Career Agent?
Candidates have to fulfil certain eligibility criteria for a LIC Urban Career Agent. This includes educational qualifications graduation, an age limit of 21 to 35 years, and other requirements.
Who is not eligible for LIC Urban Career Agent
Employees and agents of LIC of India, spouses of employees in central and state government, and public sector undertakings are not eligible. Relatives of development officers, agents, and employees are not eligible. Retired employees or former agents seeking re-employment will not be allowed to be recruited as UCA.
Will the old agent also get a stipend amount?
LIC has not said anything about this yet.
When will this rule be implemented?
The process of enforcing this rule has started.
Conclusion
The LIC Urban Career Agent Recruitment 2024 presents a golden opportunity for individuals seeking a rewarding and stable career. With LIC’s esteemed legacy, comprehensive training, and vast growth potential, becoming an LIC agent can be a fulfilling and lucrative career choice.
Disclaimer
The information provided in this article about LIC Urban Career Agent Recruitment 2024 has been compiled through extensive research from various sources, including official websites https://licindia.in/careers and YouTube videos. While we strive to ensure the accuracy and reliability of the information presented, we do not claim it to be exhaustive or free from errors. The content is for informational purposes only and should not be considered professional advice.
Readers are encouraged to verify the details from official LIC sources or consult with authorised LIC representatives before making any career decisions based on the information provided. We are not liable for any discrepancies or decisions made based on the content of this article.
For official and updated information, please refer to the Life Insurance Corporation of India’s official website or contact their customer support directly.