IRDA Exam for LIC Agency
Its a online exam at different centers in Mumbai. Total duration of objective Exam is one hours. 50 multiple questions would to be answered .Passing marks is 35% (seventeen marks).We will provide you books ,mobile app and training to pass the exam
Role of LIC Agent or LIC agent
LIC agency is a Salesmanship
It s a responsibly of LIC agent to identify proposer (prospective insurance buyer) who is enjoying good health and sound financial capabilities .Insurance is a hidden need of every individual always it is not in the priority lists of people. So it s a part of LIC agency to bring that need into priority of proposers by showing risk cover, saving, returns, financial provisions for particular goals etc. Once need is created then it is easier to give solutions for that need. Hence if you want to be LIC agent ,you have to meet new people on regular basis.
LIC agent must have equipped with all LIC plans knowledge as well as other financial market product in order to explain to prospective. Role of LIC agency is providing financial security and showing saving opportunities.
LIC agency as Intermediaries between proposer and LIC
If any one wants saving, risk cover, retirement solution, child education provision ,daughter marriage provision ,Tax planning etc for long term ,they have to take LIC policies. Only LIC agent is the authoriesed person to sale LIC policies. Now a days LIC is saleing very few plans (Term insurance, Single Pension plan ,Cancer Plans ) through online, but if is not very compatible with we Indian. We always need one to one explanation with some experts rather online reading abstruse terminology.
LIC AGENCY as a Primary UNDERWRITER
Underwriting is assessment of risk of particulars. LIC agent inquires about present heaths, physical builds ,personal habits ,family history of health, present occupation etc then give the report to LIC .It helps LIC to take decision whether the person is eligible for having LIC plans or not.
LIC AGENCY as a Service Provider
Having LIFE Insurance is a long term phenomenon, throughout the policy term of 15,20,30yrs clients need personal guidance and help .LIC agent helps them with proper service like premium payments, revival of policy, address change, change of nominee ,surrender of policy ,Loan etc. this after sales service of LIC agency also help for new sales to old customers.
Source
