LIC Minimum Garenty Busines for LIC Agent
On or After 09.07.09
Old MBG: 12 Lives + S.A as applicable
New MBG: 12 Lives + 1 lakh FYPI
Condonation Agency year wise : 6 Lives + 50,000 FYPI up to Max. of 50%
You need to do minimum 12 policy (12 different lives) Plus 1 Lakh total premium for the first year. So its 36 lives and 3 Lakh premium for the first 2 years.
On or After 09.07.09
Old MBG: 12 Lives + S.A as applicable
New MBG: 12 Lives + 1 lakh FYPI
Condonation Agency year wise : 6 Lives + 50,000 FYPI up to Max. of 50%
You need to do minimum 12 policy (12 different lives) Plus 1 Lakh total premium for the first year. So its 36 lives and 3 Lakh premium for the first 2 years.
