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%
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%
The minimum policy required to do for a LIC Agent to keep its license is to do 36 policy plus 3 lakh premium. IRDA is making life very difficult for those LIC agents who doesn't take the business seriously. Now you need to work hard in order to keep the license otherwise your license will lapse.
