LIC India Overview
Life Insurance Corporation of India (LIC) is an Indian statutory insurance and investment corporation headquartered in the city of Mumbai, India. It is under the ownership of the Ministry of Finance, Government of India.
The Life insurance Corporation of India was established on 1 September 1956, when the Parliament of India passed the Life Insurance of India Act that nationalized the insurance industry in India.
Over 245 insurance companies and provident societies were merged to create the state-owned Life Insurance Corporation of India.
LIC Merchant Overview
LIC merchants are equivalent to LIC offices in the local area that can provide most LIC services to local customers.
These Merchant LIC have access to the LIC system, which allows them to view policy data, loans, surrenders, and other information.
All of these programs can be requested via them. They work as a wing of the company and help to make the policies and terms of the company known to the common people.
Merchant LIC India Login Portal
LIC India Merchant is an online portal for merchants who want to enroll as a partner for LIC business.
This Merchant LIC website is for LIC India Agents who are online at the LIC Portal and have access to the LIC India Premium Collection process to access LIC Merchant Login and LIC India CLIA Officer.
LIC Merchant Portal is developed by LIC India to help all merchants access the LIC website by providing some basic information like username and password to access the entire LIC India premium collection portal. The sole purpose of the LIC Merchant Portal is to assist in premium solutions or collection.
LIC merchant portal allows to Generate invoices for premium collection, invoice generate proposal with cashier, any pending invoice update, paid invoice queries, deposit Invoice, pay invoice online, receipts can be viewed etc.
Here in this post we will give you how to login nad signup as an LIC merchant on official website portal and some more insights about LIC agents.
Types of Merchant LIC Portal
There are two different types of login systems for an LIC agent. One is for Corporate agent and other is for Individual agents.
Here is the link for Knowing more about Corporate and Individual Corporate Agent & for Individual Agent
Life Insurance Corporation of India has three separate LIC agent portals, a LIC customer portal and a LIC merchant portal to reach all entities involved in the business. A life insurance company provides licensed merchant access to customers and agents to access account information and policy details. This is the way the Insurance company works.
Merchant LIC Login Process
Upon going to the above link, one have to follow these steps to login to the merchant account.
Step 1: Visit the LIC merchant portal by provided link above.
Step 2: Select the tab “Merchant Portal” from the homepage, which is a list of options under “Online Services.”
Step 3: Now choose the login option from the drop-down menu.
Step 4: Continue by entering the username and password.
Step 5:Then send in the details.
Step 6: Before clicking the submit button, double-check that your login information is right.
What does a LIC Merchant do?
Most people have their first contact with an insurance company through these Merchant LIC or LIC agent. These workers help individuals, families, and businesses select insurance policies that provide the best protection for their lives, health, and property.
Protection deals specialists who turn out only for one insurance agency are alluded to as hostage specialists. Autonomous protection specialists, or agents, address a few and spot protection approaches for their clients with the organization that offers the best rate and inclusion.
Merchant LIC usually keep up with records, search out new clients, and, in case of a misfortune, assist policyholders with settling their protection claims. Progressively, some are likewise offering their clients monetary examination or counsel on ways the clients can limit hazard.
Protection deals specialists, normally alluded to as “makers” in the protection business, sell at least one sorts of protection, like property and setback, life, wellbeing, inability, and long haul care.
Property and setback protection specialists sell strategies that safeguard people and organizations from monetary misfortune coming about because of car crashes, fire, robbery, storms, and different occasions that can harm property.
For organizations, property and setback protection can likewise cover harmed laborers’ pay, item obligation cases, or clinical misbehavior claims.
Benefits of becoming an Merchant LIC
Rewarding Career : You will assist individuals with understanding their fantasies by satisfying their monetary objectives. The distinction you make to their lives is more fulfilling and fulfilling than you might at any point envision.
A Successfull Team : By going along with the company, you will be a piece of the country’s best group of extra security Agents. In the year 2015, we contributed 4021 individuals to the Million Dollar Round Table: a worldwide gathering that recognize the world’s best Insurance Agents.
Commitment To Career Agency System : Their obligation to the Career Agency System truly intends that, we support you and your endeavors today, yet at each phase of your business. Merchant LIC India
Infrastructure Support : We have invested in creating a state-of-the-art infrastructure at each of our Branch Offices. You will have access to the necessary tools, technology and people support that will enable you to build a profitable long-term business.
How to become an LIC agent ?
- Standard 10th pass
- Age 18 and above
Contact your nearest Branch Office and meet the Development Officer there.
The Branch Manager (I/C) will conduct an interview, and if found suitable, you will be sent to training at Divisional/Agency Training Centre. The training is for 25 hours and covers all aspects of Life Insurance Business.
After successful completion of training, you will have to appear for Pre Recruitment examination conducted by the Insurance Regulatory and Development Authority of India (IRDAI).
After successful completion of the examination you will be provided an Appointment Letter and Identity Card to work as an insurance agent. You will be appointed as an agent by the Branch Office and you will be a part of the team under your Development Officer.
Before becoming a LIC Agent, it is better to know little about LIC India.
LIC Online Payment
To make an online payment for your Life Insurance Corporation of India (LIC) policy, you can follow these steps:
- Go to the LIC website (www.licindia.in) and click on the “Pay Premium Online” option in the top menu.
- On the next page, click on the “Pay Premium” button.
- You will be redirected to the login page. If you already have an account, enter your login details and proceed. If you do not have an account, you can create one by clicking on the “New User? Register Here” link.
- After logging in, you will be taken to the premium payment page. Select the policy for which you want to make the payment and enter the required details.
- Choose the payment mode (credit card, debit card, net banking, or UPI) and follow the instructions to complete the payment.
- Once the payment is successful, you will receive a confirmation message and a receipt will be sent to your registered email address.
It is important to note that you can also make premium payments through other channels, such as through other channels, such as through a bank, through the LIC mobile app, or by visiting a LIC branch.