Government's Guarantee

Central Government Act
Section 37 In The Life Insurance Corporation Act, 1956
37. Policies to be guaranteed by Central Government.—The sums assured by all policies issued by the Corporation including any bonuses declared in respect thereof and, subject to the provisions contained in section 14 the amounts assured by all policies issued by any insurer the liabilities under which have vested in the Corporation under this Act, and all bonuses declared in respect thereof, whether before or after the appointed day, shall be guaranteed as to payment in cash by the Central Government.

Thus Government of India stands as a “Guarantor” for the moneys of the policy holders whenever they are due for payment in the shape of Maturity Claim amounts payable at the end of the policy tenure to the policy holders, Survival Benefit amounts payable mid-way to the Policy owners, Death Claims payable to the nominees or legal heirs of the policy holders.
LIC KEEPS YOU FAR AHEAD OF ALL THE COMPETITORS WITH THE KIND OF CONFIDENCE IT CREATES THROUGH SECTION 37 OF THE LIFE INSURANCE CORPORATION OF INDIA ACT, 1956

Benefits of LIC Agency As A Career

  • Have the luxury to work with the highest paid profession in the world
  • Enjoy both Royalty and Hereditary Income
  • You can start this Profession with no Investment.
  • You are your own boss to set your own working hours, enjoy the liberty.
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How To Become A LIC Agent?

The Process

  • You should have a minimum pass in 12th standard
  • You should be of age 18 years and above
  • You should undergo class-room Training and online exam
  • Apply online on this website

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