PDA

View Full Version : Is it compulsory to sell minimum policy for each year to continue as LIC Agent?



Vikram
02-05-2011, 06:52 PM
Is it compulsory to sell minimum policy for each year to continue as LIC Agent? Or will the license be cancelled?
If we don’t get any policy then what happen?

tigershark
03-05-2011, 04:32 PM
Minimum business – You need to do is 12 lives (12 policies of different people) and total minimum premium of 1 lakh in one year.
The year is defined as Agency Year,(E.g. If agent took agency in the month of July’2011, The Agency Year would be July’2011 – July’2012 )
If you are not able to achieve minimum business, then your agency will be terminated.
It can be reinstated with certain conditions.