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Tuesday, December 11, 2012

Agency Recruitment

Appointment of Agents –Rules

 Life Insurance Agent is appointed by LIC of India (Agents) Regulation 1972 and IRDA Regulation 2000.
The qualifications required for appointing a person as an agent is -
       • Completed 18 years of age.
       • 10th pass where population is less than 5000 and 12th pass where population is more than 5000.
Procedure for taking agency -
      •Agency application form 
         •Photographs
•Proof of age
•Proof of educational qualification
•Details of the relations with LIC employees, LIC Agents, LIC Medical Examiners,  ex- agents
•Details of the employment of spouse & N.O.C.


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