LIC Merchant Login Portal

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About LIC Merchant | LIC Merchant Login Portal | How to Become an LIC Agent
Welcome LIC Merchant

LIC India Overview

Life Insurance Corporation of India (LIC) is an Indian statutory insurance and investment corporation headquartered in the city of Mumbai, India. It is under the ownership of Ministry of Finance,Government of India.

The Life insurance Corporation of India (LIC) was established on September 1956, when the Parliament of India passed the Life Insurance of India Act that nationalized the insurance industry in India.

Over 245 insurance companies and provident societies were merged to create the state-owned Life Insurance Corporation of India.

lic merchant portal

LIC Merchant Overview

LIC merchants are are equivalent to LIC offices in local area who can provide most LIC services to local customers.

These LIC Merchants have access to the LIC system, which allows them to view policy data, loans, surrenders, and other information.

All of these programs can be requested via them. They work as a wing of the company and help to make the policies and terms of the company known to the common people.

know about Insurance

LIC Merchant Login Portal

LIC India Merchant is an online portal for merchants who want to enroll as a partner for LIC business.

This LIC Merchant website is for LIC India Agents who are online at the LIC Portal and have access to the LIC India Premium Collection process to access LIC Merchant Login and LIC India CLIA Officer.

LIC Merchant Portal is developed by LIC India to help all merchants access the LIC website by providing some basic information like username and password to access the entire LIC India premium collection portal. The sole purpose of the LIC Merchant Portal is to assist in premium solutions or collection.

LIC Merchant Login

LIC merchant portal allows to Generate invoices for premium collection, invoice generate proposal with cashier, any pending invoice update, paid invoice queries, deposit Invoice, pay invoice online, receipts can be viewed etc.

Here in this post we will give you how to login nad signup as an LIC merchant on official website portal and some more insights about LIC agents.

Types of LIC Merchant Portal

LIC Merchant Online Login Portal Quick Link

TypeLogin
Individual Loginlink
Corporate Loginlink
General Login Portallink
Master Loginlink

There are two different types of login aystem for an LIC agent. One is for Corporate agent and other is for Individual agent.

Life Insurance Corporation of India has three separate LIC agent portals, a LIC customer portal and a LIC merchant portal to reach all entities involved in the business. A life insurance company provides licensed merchant access to customers and agents to access account information and policy details. This is the way Insurance company works.

LIC India Merchant Login Process

Upon going to the above link, one have to follow these steps to login to the merchant account.

Step 1: Visit the LIC merchant portal by provided link above.

Step 2: Select the tab “Merchant Portal” from the homepage, which is a list of options under “Online Services.”

Step 3: Now choose the login option from the drop-down menu.

Step 4: Continue by entering the username and password.

Step 5:Then send in the details.

Step 6: Before clicking the submit button, double-check that your login information is right.

LIC Merchant Portal Benefits

lic merchant

You can check your customer’s policy credit details by visiting the merchant portal or this app. On the Merchant Portal, you can find LIC India login information for different types of users such as Merchants, Agents, Development Managers and Customers, as well as new and regular users.

After receiving the reward, LIC sellers update the customer information on the merchant portal. 

They can pay all insurance premiums to the Life Insurance Company of India online on their website portal and also get receipts online. You can calculate your LIC premium, check policy status, apply for a new LIC policy and get LIC branch contact information.

Life Insurance Company of India (LIC) is the largest insurance company in India with a large customer base. LIC has 204 offices in various cities across the country and 1 million agents in India. 

We know that LIC in India is a well-known gemstone company and you can earn huge profits by becoming a LIC dealer. A LIC traders or agents attract many people because LIC is the most reliable and oldest insurance company in the country.

LIC Merchant Login

LIC merchants or agents are independent entities and contractors who sell and collect premiums on behalf of LICs to make money.

A business license may be requested by a legal entity or LIC organization. The commission is charged to LIC agents and sellers as a percentage of the premium received for the policies they sell.

It is proposed to allocate ten percent of the shares to existing LIC insurers. 

India LIC updated LIC customer access and registration for sales agent and merchant customers. A new LIC customer can register with a different number to upgrade the policy status.  

Complaints of a LIC trader; Unable to View/Print Award Receipt/Invoice For LIC merchants or agents who generate award receipts, a new receipt window will open on the LIC website.

Merchant Tools will report this on the LIC website after a successful payment, where it will display their PG ID and allow them to print proof of payment if needed.

LIC Merchant Login

This portal of LIC Merchant allows registered traders to view their trading status, past business details and ask any questions to the LIC. The onlinelic.in online portal is a way to access details, the seller’s license entry provides real-time payment of premium renewal fees through the online portal. 

Read about Ancillary Health Insurance

How to become an LIC agent ?

LIC INDIA MERCHANT

Eligibility:

  • Standard 10th pass
  • Age 18 and above

Contact your nearest Branch Office and meet the Development Officer there.

The Branch Manager (I/C) will conduct an interview, and if found suitable, you will be sent to training at Divisional/Agency Training Centre. The training is for 25 hours and covers all aspects of Life Insurance Business.

After successful completion of training you will have to appear for Pre Recruitment examination conducted by the Insurance Regulatory and Development Authority of India (IRDAI).

LIC Merchant

After successful completion of the examination you will be provided an Appointment Letter and Identity Card to work as an insurance agent. You will be appointed as an agent by the Branch Office and you will be a part of the team under your Development Officer. LIC Merchant

Before becoming a LIC Merchant or Agent, it is better to know little about LIC India.

About LIC

History : Life Insurance Corporation of India (LIC) is an Indian statutory insurance and investment corporation headquartered in the city of Mumbai, India. It is under the ownership of Government of India.

The Life insurance Corporation of India was established on 1 September 1956, when the Parliament of India passed the Life Insurance of India Act that LIC Merchant nationalized the insurance industry in India. Over 245 insurance companies and provident societies were merged to create the state-owned Life Insurance Corporation of India.

lic merchant login

Current : Today LIC capacities with 2048 completely mechanised branch workplaces, 113 divisional workplaces, 8 zonal workplaces, 1381 satellite workplaces and the Corporate office. LIC’s Wide Area Network covers 113 divisional workplaces and associates every one of the branches through a Metro Area Network. LIC Merchant.

LIC Merchant Login

LIC has restricted with certain Banks and Service suppliers to propose on-line premium assortment office in chose urban areas. LIC’s ECS and ATM premium installment office is an expansion to client comfort. Aside from on-line Kiosks and IVRS, LIC Merchant Info Centers have been charged at Mumbai, Ahmedabad, Bangalore, Chennai, Hyderabad, Kolkata, New Delhi, Pune and numerous different urban communities.

With a dream of giving simple admittance to its policyholders, LIC has sent off its SATELLITE SAMPARK workplaces. The satellite workplaces are more modest, more streamlined and nearer to the client. The digitalized records of the satellite workplaces will work with anyplace overhauling and numerous different comforts later on.

LIC keeps on being the prevailing life safety net provider even in the changed situation of Indian protection and is moving quick on another development direction outperforming its own previous records. LIC has given north of one crore strategies during the current year.

LIC Merchant Login

It has crossed the achievement of giving 1,01,32,955 new approaches by fifteenth Oct, 2005, posting a solid development pace of 16.67% over the relating time of the earlier year.

LIC also owns 51% of IDBI Bank IDBI Bank, making it the only insurer in India to own the bank, as regulations prohibit insurers from owning more than 15% of any company, LIC will have to decide when to shy away from IDBI Bank stake investment; furthermore, LIC may have to reduce its stake in LIC Housing Finance Ltd as the company cannot sponsor two finance companies operating the same housing finance business in India.

LIC Merchant Login

In January 2019, IDBI Bank was acquired by LIC, and LIC now has the promoter status of IDBI Bank, although LIC owns 51% of the capital. The Indian government owns 46.46 shares of IDBI Bank. LIC also now has 1,899 IDBI bank branches through which insurance business can be carried out. 

Read about Term Life Insurance

Read about Investment

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