Appointment of
Agents –Rules
Life Insurance Agent is appointed by LIC of India (Agents) Regulation 1972 and IRDA Regulation 2000.
Life Insurance Agent is appointed by LIC of India (Agents) Regulation 1972 and IRDA Regulation 2000.
The qualifications required
for appointing a person as an agent is -
• Completed
18 years of age.
• 10th pass where population is
less than 5000 and 12th pass where population is
more than 5000.
Procedure
for taking agency -
•Agency
application form
•Photographs
•Proof of
age
•Proof of
educational qualification
•Details
of the relations with LIC employees, LIC Agents, LIC Medical Examiners, ex-
agents
•Details
of the employment of spouse & N.O.C.
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