The LIC Insurance Franchise presents an excellent opportunity for individuals seeking to establish a profitable career in the insurance sector.
As a LIC Agent, you can sell a wide range of Insurance products, including life insurance, term plans, endowment policies, and pension plans, helping clients secure their financial future.
Start your LIC Insurance Agent business with low investment and high earning potential. This business is ideal for entrepreneurs, financial advisors, and professionals looking to expand their income by offering life insurance solutions.
What are the Business Requirements for LIC Insurance Franchise?
Overall Investment
Commission Range
Avg. Monthly Profit
Area in Sq. Ft.
No. of Employees
Breakeven Time
Payout Time
Total Agents
Type of Agents
IRDAI Certification
PoSP Certification
How much is LIC Franchise Cost?
Registration & Training Fees (One Time)
Office Expenses (Monthly)
How much is LIC Insurance Agent Commission & Referral Bonus?
Life Insurance Commission
Health Insurance Commission
Motor Insurance Commission
Travel Insurance Commission
Business Insurance Commission
ULIP Commission
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What are the Expected Earnings from LIC Insurance Franchise?
Life Insurance Premium (Rs.)
Health Insurance Premium (Rs.)
ULIP Premium (Rs.)
Life Insurance Commission (Rs.)
Health Insurance Commission (Rs.)
ULIP Commission (Rs.)
Agent's Income (Rs.)
Total Expences (Rs.)
Agent's Net Profit (Rs.)
Net Profit Margin
Does LIC offer a Agent Dashboard or App?
Web Platform
What is the Eligibility Criteria to Start LIC Franchise?
Age Limit
Nationality
Academic Qualification
IRDAI Certification
PoSP Certification
Business Experience
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What Documents are required to Become an LIC Agent?
Agent Agreement
Proprietor Aadhaar Copy
Proprietor Photo
Proprietor / Business PAN Copy
Business TAN Copy
GST Registration Certificate
Proprietor / Business Address Proof
Unit / Shop Address Proof
Latest ITR or Form16
Bank Statement