Working in MNC, can I became an LIC agent

[mukesh]

Hi all,

I'm working for an MNC in Delhi, is it ok if I became an LIC agent or will there be any legal problems in it (for my current work) and is it the amount earned by me as agency commission will be taxed and do I need to show it in the IT returns.

Thanks,
Mukesh

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[Expert]

Anybody who is
1- An Indian citizen residing in India
2- Age 18+ and
3- 12th standard pass
Is eligible to apply for insurance training.
After 100 hours of training. IRDA conducts exam. After passing the exam you can apply for insurance license.The income under insurance comission is taxable income.

[CONFUSED]

More info on LIC website -
http://licindia.com/join_our_team_guidelines.htm