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TMI BlogUshering Professionalism Among Lic Agents.X X X X Extracts X X X X X X X X Extracts X X X X ..... Ushering Professionalism Among Lic Agents. X X X X Extracts X X X X X X X X Extracts X X X X ..... ated in the sector. The termination of an agent occurs due to various reasons - primarily non fulfillment of the minimum business guarantee, while other reasons could be death, resignation, termination owing to disciplinary reasons etc. IRDA has informed that there were 195326 terminations in Life Insurance Corporation of India (LIC) during the period April-December 2011. However LIC added 204554 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... agents during this period and thereby ended with 1315413 agents as at the end of December 2011 as against an opening balance of 1306185 agents at the beginning of April 2011 showing a slight increase in the number of agents. A lot of focus is laid on ushering professionalism among agents through proper pre recruitment training as well as by stipulating that renewal commission is payable across th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e term of the policy. This would ensure a perennial income to the agent thereby enabling him to make agency a full time career.
This information was given by the Minister of State for Finance, Shri Namo Narain Meena in written reply to a question in Rajya Sabha today.
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