Who is the richest LIC agent?

Who is the richest LIC agent?

Meet Lachman Das Mittal, an LIC agent who worked his way up to become an entrepreneur and is a billionaire now. The 89-year-old businessman is the owner and chairman of Sonalika Group, which has grown to become the third-largest tractor manufacturer in India. Sep 30, 2020

Who is the richest insurance agent?

Here’s the list and topping it — to no one’s surprise — is Berkshire Hathaway’s, Warren Buffett. He’s the wealthiest of all involved in insurance. Buffett’s firm, Berkshire Hathaway owns several insurance operations including GEICO. Dec 1, 2020

How much commission does a LIC agent get?

Though, Agents earn the commission for the policies they sale. LIC offers 25% to 35% commission on the policy premium for the first year, then 7.5% for 2nd & 3rd Year + 5% till the policy maturity.

What does an insurance agent do on a daily basis?

The daily tasks of an insurance agent Ensure all paperwork is filled out and properly filed in order to put policies in place. Customize insurance policies to meet your client’s needs. Ensure all policy requirements are fulfilled. Inspect properties to evaluate current conditions and decide on potential risk.

What are the types of insurance agents?

There are two types of insurance agents: Captive Agents. Captive agents work for one insurance company either full-time or as independent contractors. …Independent Agents. …Retail Brokers. …Wholesale Brokers. …Surplus Lines Brokers. Aug 13, 2021