Having a PAN (Permanent Account Number) number or PAN card is mandatory here. Mandatory PAN card – Among the documents, this is the last one that you will need to become a merchant of the Corporation. You may produce an equivalent certificate as well from a recognized institution. Qualify 10 th standard from school – To become a LIC merchant, you must qualify for the 10 th standard exam from a school and produce the school’s official certificate issued and signed. This is a must-have document that you require. If you do not have any DOB certificate, get it done to the nearby municipality or panchayat. For that, your date of birth certificate or any valid document as your age proof is required. For becoming a LIC agent easily, have a look at the below mentioned.Īge criteria – To become a LIC merchant, you have to be 18 years old and above. Many individuals are drawn to this profession as LIC is a trusted and oldest insurance company in the country. of the consumers.Ī LIC merchant or agent is an independent entity and contractor who sells and collects premiums on behalf of the company for a living. LIC merchants do have access to the LIC systems and with the help of this, they can view different policies regarding data such as loans, surrenders, policy details and etc. LIC merchants are almost like LIC offices where they can offer almost all the services to the buyer. But apart from this, they can also view and update the details with the help of separate merchant tools. The commission is charged to these merchants as a percentage of the premium received for the policies sold by them. Their main function is to collect the premium on behalf of the company. LIC, itself provides quality training to the merchants to make them more efficient. Every merchant has a specific and unique user ID and password to login into their respective portals. These merchants are appointed by the Corporation and act as a bridge between the insurer and its customers. LIC is a wide insurance company undertaken by the Government of India and to function properly without any lag, LIC has recently introduced merchant registration.
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