PART- TIME JOB IN TRIVANDRUM CITY | PART TIME JOB TVM

If you are looking for a Part-Time Job in Trivandrum City without quitting your 9-5 job here is an opportunity.

Benefits of Working In LIC

                                It is both financially and spiritually fulfilling. Because you sell and maintain financial security, the product that a life insurance agent provides is unique, and as a result, so is the pattern of compensation for it. The "best paid hard work" is in the life insurance industry. You earn more commission the harder you work. Additionally, commission payments for a single sale of life insurance are made repeatedly, and even after the agent has passed away or resigned if the required amount of business is still active as required by law.

1. First Commission on sales

   You receive a first-year commission of 25% of the premiums paid by policyholders for the first year under the regular tables and terms.

2. Bonus Commission

   If you meet specific requirements regarding the total amount of the first year's premium secured and the number of lives you have insured in your agency year, you are eligible for a bonus commission at the rate of 40% of the eligible first-year commission.

3. Retirement Benefit

   Schedule VI of the (Agents) Rules, 1972 provides for the payment of gratuities up to a maximum of Rs. 2,00,000/- if the agent has fulfilled the business guarantee for at least 15 years, or "qualifying years."

4. Hereditary Commission

   If an agent passes away while his agency is still active and it has been operational for at least two years, the renewal commission will still be paid to his heirs or nominee as long as there was an active business of at least Rs. 1 lakh at the time of death.

5. Guaranteed Income

   The renewal commission is still payable if your agency is terminated for non-performance any time after five agency years but before the end of ten agency years, provided that you had nominal business of at least Rs. 2 lakhs in force the year before agency cessation. In the event of termination after the agent has worked for ten years or more, this stipulation is waived.

6. Increasing Income

   Your income continues to grow yearly thanks to the insurance compensation's recurring income characteristic mentioned above. The renewal commission on the business from the prior year is increased by the new sales in each consecutive year. If you continue to accomplish more and more business as the years go by and get more competence, your renewal commission will increase more quickly each year.

7. Renewal Commission

   The agent receives 7.5% of the amount paid by the policyholders for the second and third years' premiums (by conventional tables and terms) and starting with the fourth year, they continue to get a renewal commission of 5% on each year's premium. On renewal premium, a renewal commission is due. As a result, you should make sure that your client maintains the policy. You will be doing him a favor if you remind him to pay the premiums.

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