Results 1 to 3 of 3

Thread: 3rd time LIC Agent licence was terminated due to non-business Would it possible to continue the agency business?

  1. #1
    NewBie
    Join Date
    Mar 2016
    Location
    Mumbai
    Posts
    1

    Question 3rd time LIC Agent licence was terminated due to non-business Would it possible to continue the agency business?

    If I was completed 9 years in LIC, in these year now in march 3rd time my licence was terminated due to non-business. Then it is possible to continue this business. OR my licence will get terminated because it was happened 3rd time termination.




  2. #2
    PW Stalwart >take's Avatar
    Join Date
    Jun 2009
    Location
    India
    Posts
    291

    Default

    As per LIC India rules your agency can be reinstated. You can do business once it is reinstated.

    WHO CAN BE REINSTATED
    1. AGENTS TERMINATED DUE TO NON FULLFILMENT OF MBG
    2. AGENTS TERMINATED DUE TO EXPIRY OF LICENCE

    WHO CANNOT BE REINSTATED
    1. Agents terminated on grounds of a vigilance Enquiry, Disciplinary action, early claim etc.
    2. Agents who have resigned.
    3. Agents whose date of termination beyond 24months.

    Read more details here.

  3. #3
    PW Stalwart Manish_Kumar's Avatar
    Join Date
    Apr 2009
    Location
    Patna
    Posts
    268

    Default

    Quote Originally Posted by saras2011 View Post
    If I was completed 9 years in LIC, in these year now in march 3rd time my licence was terminated due to non-business. Then it is possible to continue this business. OR my licence will get terminated because it was happened 3rd time termination.
    I think you should focus more on the business and networking otherwise again the same thing would happen to you.
    Everyone has a scheme of getting rich.. Which never works.


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •