FATCA Declaration Full Form in LIC

FATCA stands for Foreign Account Tax Compliance Act. It is a U.S. federal law introduced to prevent tax evasion by U.S. taxpayers holding financial assets abroad. FATCA mandates financial institutions worldwide, including LIC, to report details of financial accounts held by U.S. citizens, residents, or entities.

Importance of FATCA Declaration for LIC Policyholders

  • Global Compliance: Ensures LIC complies with international tax laws.
  • Transparency: Helps track and disclose foreign financial accounts.
  • Applicability: Necessary for NRIs, U.S. citizens, and residents investing in LIC policies.
How to Submit FATCA Declaration to LIC

  1. Download the Form: Obtain the FATCA declaration form from the official LIC website or visit the nearest LIC branch.
  1. Fill in the Details: Provide accurate information such as your name, address, tax identification number (TIN), and citizenship status.
  1. Submit the Form: Submit the completed form at your LIC branch or upload it via the LIC portal.

Consequences of Not Submitting FATCA Declaration

Failure to submit the FATCA declaration may result in restrictions on policy transactions, withholding tax penalties, or compliance issues with international tax laws.

HLY Full Form,DLP Full Form,MHR Full Form,CFO Full Form in LIC

HLY in LIC stands for Half-Yearly Premium Payment Mode. It allows policyholders to pay their premiums every six months, providing flexibility and ease of payment.

DLP Full Form in LIC

DLP stands for Due Date of Last Premium. It indicates the date when the final premium payment is due for a policy to complete its term.
MHR Full Form in LIC
MHR stands for Medical and Health Report. It is a document required during the issuance of certain LIC policies, particularly for higher sum assured plans or for applicants with pre-existing health conditions.

CFO Full Form in Hindi

In Hindi, CFO stands for मुख्य वित्त अधिकारी (Mukhy Vitt Adhikari). The CFO is responsible for overseeing the financial operations of LIC, including budgeting, accounting, and financial reporting.

LIC WhatsApp Number and LIC Customer Care Number

LIC has introduced a WhatsApp service for policyholders to access their policy details and other services easily. You can send a “Hi” to LIC WhatsApp number: 8976862090. Through this service, you can:

 

    1. Check policy status

    1. Download premium receipts

    1. Access policy-specific information

LIC Customer Care Number

LIC’s customer care team is available to assist policyholders with queries and concerns. 
The LIC Customer Care Number is 022-68276827, operational 24×7. 
Services are available in multiple languages, ensuring accessibility for everyone.

LIC of India Branch office Dadar 897

LIC of India – Branch No. 897 is located in Dadar West, Mumbai. Here are the details:

Address: Laxmi Commercial Centre
Senapati Bapat Marg
Dadar West
Mumbai, Maharashtra 400028

Contact Information:

Operating Hours: Monday to Saturday: 10:00 AM – 5:30 PM
Sunday: Closed

For more information or to locate other branches, you can visit the official LIC Branch Locator: 

LIC India

Please note that contact details and operating hours are subject to change. It’s advisable to verify the information through official channels before visiting or making contact.

Sources

Best LIC Agent Job Vacancies Near

Best LIC Agent Job Vacancies Near Me at Dadar Mumbai

Mumbai, being a bustling metropolitan city, offers numerous opportunities for aspiring LIC agents. To find the best LIC agent job vacancies:

  1. Visit LIC Branches: Contact your nearest LIC office to inquire about openings. You can consider Dadar 897 branch also ,which is in the heart of Mumbai .
  2. Check the LIC Website: Regularly check the official LIC website for updates on agent recruitment drives.
  3. Networking: Reach out to e Development Officers who can guide you.You can fill the contact form also from this website. 


Steps to Become an LIC Agent in India

Follow these steps to kickstart your journey as an LIC agent:

Step 1: Connect with a Development Officer

Approach Main LIC branch at Dadar, Mumbai location and meet the Development Officer or fill contact form. 

They will provide guidance on the registration process and training requirements.

Step 2: Complete the Pre-Licensing Training

Attend a mandatory 25-hour training program conducted by LIC. This training covers:

  • Basics of insurance
  • LIC policies
  • Sales techniques
  • Legal and regulatory aspects

Step 3: Pass the IRDAI Exam

After completing the training, you need to pass the Insurance Regulatory and Development Authority of India (IRDAI) exam. The exam consists of multiple-choice questions, and the passing score is 35%.

Step 4: Obtain the LIC Agent License

Once you pass the exam, you’ll receive your license, allowing you to officially work as an LIC agent.

Step 5: Start Selling Policies

With your license in hand, you can start meeting potential clients, understanding their needs, and selling LIC policies.


LIC Agent Job Requirements and Salary Details

Job Requirements:

  1. Communication Skills: Ability to explain policy details clearly to clients.
  2. Customer Service: Building trust and maintaining long-term relationships with policyholders.
  3. Self-Motivation: Drive to achieve sales targets.
  4. Networking: Expanding your client base through referrals and networking.

Salary Details:

  • Commission-Based Income: LIC agents earn a percentage of the premium for every policy sold.
  • First-Year Commission: 25-35% of the premium amount.
  • Renewal Commission: A percentage of the premium for policies renewed in subsequent years.
  • Additional Perks: Bonuses, performance incentives, and gratuity upon completing a certain number of years in service.


Conclusion

Becoming an LIC agent in Mumbai is a promising career path offering financial independence and professional growth. By meeting the eligibility criteria, completing the necessary training, and obtaining your license, you can start a rewarding journey with LIC. Whether you’re looking for flexibility, unlimited earning potential, or a chance to help people secure their future, a career as an LIC agent has it all.

KYC requirement In LIC of India

KYC Required for LIC AGENCY

KYC (Know your client) is a documentation part for LIC Agency ,when you are going to be LIC agent.
Basically three types of proof is required and there supportive documents have to provide in LIC of India.
  • Age Proof
  • Photo ID
  • Address Proof
Conclusion:
If you have PAN card it will be considered as Photo Id as well as Age proof.
Because there is your PIC and date of birth both are mentioned there.
So ,if you provide passport ,where your DOB,PIC and address all are there, so it is a complete document.
Note: Now Aadhar Card is not a valid document in LIC of India.

LIC Launched MOBILE APP for LIC Agent

LIC introduces Very Innovative Mobile App for Agents . Where U Can get Very Imp information with Just one Click. This APP is completely for LIC agent to grow business ,set self target and give proper service to their customer .Now LIC agent can get details 

 like – 

  • Booked Business – Policies, S.A. & Premium C.Y. & L.Y.

  • U Can Set Ur Target on Above three Counts & Track them time to time.

  • U can Create Ur Appointments & Various Reminders

  • Policy Persistency & Portfolio of Ur Policies Sold

  • Commission Earned and goining to earn

  • Notification about Lapsed, Renewal & Maturity of Ur Policies

How to get Password for LIC Agent Mob APP

  • LIC agent can Mail /application to concern Branch .

  • Agency code ,email and mobile number should be mention in the application.

  • LOG would be LIC agency Code ,but Password will be sent through email.

  • LIC Agency website Portal Password Not Useful for This.

Top LIC Agents 2017-18 in India

If we look look Top LIC Agents for 2017-18  in india ,we will find  LIC  agents can be on top ranking by 4 types of Business.
Like
  • NOP (No of Policies) Basis
  • SP (Single Premium) Basis
  • NSP (Non single premium) Basis
  • TFPI (Total First year Premium)
  • We are going to analyze 50 top agents of LIC of India in year 2017-18 .

The top 50 Agents on NOP basis

RankAgent Code Agent Name Number  Br/Zo Divn Name
10029673JJ SREENIVASULU6,573 73J/5HYDERABAD
20162673JPUTTASANDEEP GOUD5,066 73J/5HYDERABAD
32399543SMT RANJEETA KUMARI3,249 83L/7NADIAD
44224460RASHMI PRABHA PANI2,537 460/8CUTTACK
52435836NEHABEN POONAMBHAI1,938 836/7AHMEDABAD
60074438CSRI LEELADHAR RATHI1,425 38C/3RAIPUR
71886905SONAWANE SANTOSH1,363 905/7MUMBAI-I
82565452BAPAN GHOSH1,355 452/4JALPAIGURI
93249939SUNITA D.AUTI1,284 939/7MUMBAI-II
100105126NPREETI AGRAWAL1,216 26N/2AGRA
111159201SH.ASHOK GULABCHANDANI1,183 201/3INDORE
120148846ADILIP KUMAR SINGH1,160 46A/4ASANSOL
133688897VAIBHAV M. WAYKAR1,151 897/7MUMBAI-II
140323887ASUDHABEN R JOSHI1,106 87A/7VADODARA
154552095BBALASUBRAMANIAN AIYASWAMY1,101 95B/7PUNE-I
160074087BSMT KEJAL P CHAUHAN1,052 87B/7VADODARA
170025991FSHRI P. N. JOSHI1,028 91F/7GOA
18713049SHRI PARAG J1,026 3049/3JABALPUR
1911712942SRI.BABASAHEB R PATIL,1,008 94G/7SATARA
2015969226NITIN SITARAM SHINDE950 9226/7SATARA
210173799FMRS RADHA P CHAKOLE942 99F/7NAGPUR
220233723RSOHAL KUMAR SONI941 23R/2ALLAHABAD
2310084310KHEM SINGH921 310/1DELHI-I
240013167NSRI.M.SRI ANJANEYULU909 67N/5MACHILIPATNAM
250146826NKM.ANJALI SINGHAL902 26N/2AGRA
261633152HARJIT KAUR891 152/1JALANDHAR
274145986PPATEL NILESH MADHUBHAI887 86P/7SURAT
282537364AASTHA846 364/2MEERUT
2975363111SRI SUSHIL KUMAR GUPTA835 124/1DELHI-I
305298385SMT. KAUSHALYA PATEL831 385/3BILASPUR
310161826NKESHAV MADHAV SINGHAL823 26N/2AGRA
322319939MR AUTI DATTATRAY JAYRAM815 939/7MUMBAI-II
330049325KSH. SURENDRA K DHINGRA815 25K/2MEERUT
340121726NPANKAJ AGRAWAL810 26N/2AGRA
356740383SHRI MILESHWAR P SAHU779 383/3RAIPUR
361189179GAGANDEEP SINGH778 179/1LUDHIANA
370235416YPOOJA764 16Y/1CHANDIGARH
3810279001DEBAPRASAD ROY763 41A/4KOLKATA DO 2
390049080CTANELANKA BUJJI BABU753 80C/5RAJAMUNDRY
4012013067PREM KUMAR GUPTA752 3067/3BILASPUR
412541868AHIR KIRAN K RAMANBHAI740 868/7SURAT
421286377SRI VINOD KUMAR SAHU733 377/3RAIPUR
43109667MDEVATHI SUDHAKAR RAO733 67M/5MACHILIPATNAM
440097889FMRS.SANJANA SANDIP PARAB728 89F/7MUMBAI-III
450158446ASUMAN MUKHERJEE728 46A/4ASANSOL
4676205111SRI RAJENDER KUMAR716 12N/1DELHI-III
470078497CGAD DIST POLICE CO-OP SOCY712 97C/7NAGPUR
483406939AUTI VIKAS NIVRUTTI709 939/7MUMBAI-II
490124546KPURABI GOSWAMI704 46K/4BARDHAMAN
501937668M.CHITRA701 668/6MADURAI

The top 50 Agents on Singular Premium

RankAgent Code Agent Name Single PremiumBr/Zo Divn Name
110084310KHEM SINGH173,326,059310/1DELHI-I
20049793PRAJESH CHHEDA172,730,24893P/7GOA
30063210GSH. RAJENDRA G. SHAH120,000,00010G/1JODHPUR
41268997B.V.PAREKH.113,260,275922/7MUMBAI-I
574408411SRI PUSPENDU CHOWDHURY110,477,525576/4KOLKATA MDO-I
610429419ASHISH KANKARIA.108,038,607419/4KOLKATA MDO-I
779406411SRI PROMODE RANJAN MAJUMDER102,300,217414/4KOLKATA MDO-I
8319938SRI MAKARAND M DHOKTE100,366,250938/7MUMBAI-II
90119687BMR.LOKESHKUMAR GUPTA85,915,55787B/7VADODARA
10913902SMT LORNA CASTELINO85,540,000902/7MUMBAI-IV
113570472BISHAKHA MONDAL rca80,099,656472/4ASANSOL
1296679411SUSANTA KUMAR DEY79,471,370417/4KOLKATA MDO-I
132720972SMT SUMITA RAKESH SHRIVASTAVA75,200,000972/7NAGPUR
141550126SEEMA JAIN72,631,448126/1DELHI-II
1510019793SRI V JAYAKUMAR71,291,35878W/6KOTTAYAM
160081292HSRI BHUSHAN DINKAR MAHAJAN70,500,00092H/7THANE
172743447MANASI PAL69,680,781447/4CALCUTTA (S)
180069370SSHRI R GOVINDARAJ68,614,62170S/6CHENNAI(I)
190097587JKALPESH JASHUBHAI PATEL65,935,46987J/7VADODARA
204796611LALITHAMBA AV63,915,000611/5BANGALORE-I
212441134VINAY KAPOOR63,111,72014B/1SRINAGAR
220086023TSEEMA SINGH62,830,00023T/2KANPUR
233151846SRI KETANKUMAR M.PATEL62,767,585846/7NADIAD
247276412RAJAT KUMAR ROY61,712,810540/4KOLKATA MDO-I
250025991FSHRI P. N. JOSHI61,568,24791F/7GOA
26502412PUSHPENDU BIKASH SAHU61,239,25341G/4KOLKATA DO 2
270119561DANNAPPAYYA SHENOY61,033,62461D/5BANGALORE-I
2810208419SHITAL S BAVISHI61,000,000419/4KOLKATA MDO-I
291103312BDARSHAN SINGH UNIYAL60,288,71412B/1DELHI-II
300311071SJOY THOMAS59,762,75471S/6CHENNAI(II)
312002926MR SURAJ N LULLA59,336,677926/7MUMBAI-III
320063869SSRI V VENKATESWARA RAO59,318,387710/5VISHAKHAPATNAM
3310823119PRIYANKA PRIYADARSHI58,975,485119/1DELHI-I
344881472SABITA BRATA DUTTA58,795,437472/4ASANSOL
3574469411SRI ARUN KR GHOSH58,538,360576/4KOLKATA MDO-I
360049325KSH. SURENDRA KUMAR DHINGRA58,447,62425K/2MEERUT
371126783SHABU .P.S.56,963,92378M/6ERNAKULAM
386198572SRI SHAMANTA GHOSH,56,768,585572/4JORHAT
392577841GIANANI A GAURAV55,395,101841/7AHMEDABAD
4093504411SUBRATA SAHA54,867,269422/4KOLKATA MDO-I
412839831SMT.JAYSHRIBEN PRAVINKUMAR54,401,991831/7GANDHINAGAR
421613998SRI. MAHESH R. PAI54,400,000998/7GOA
4394142310RAJAT GROVER52,435,026310/1DELHI-I
441290916SHRI KARARIA NOZER KEKI51,750,000916/7MUMBAI-I
452581412IPSITA DAS51,263,87941J/4KOLKATA DO 2
460004835HSHRI MOHAN SANTWANI51,243,72235H/3GWALIOR
4787513411UTPAL BOSE50,635,762430/4CALCUTTA (S)
481416126AARUSHI JAIN50,591,446126/1DELHI-II
497072678QS.BINDHU50,459,24678Q/6TRIVANDRUM
500095571ENARAYANAN R50,417,42671E/6VELLORE

The top 50 Agents on Non Singular Premium

RankAgent CodeAgent NameNon SglTot PremiumBr/ZoDivn Name
10063869SSRI V VENKATESWARA RAO79,661,258138,979,645710/5VISHAKHAPATNAM
21268997B.V.PAREKH.50,463,597163,723,872922/7MUMBAI-I
33766912 34,844,64034,844,640912/7MUMBAI-IV
41090612D 24,784,88724,784,88712D/1DELHI-II
54286644MANOJ B LOYA23,930,73038,830,730644/5SECUNDERABAD
610412419POONAM DUGAR23,585,71058,926,930419/4KOLKATA MDO-I
710429419ASHISH KANKARIA.23,498,780131,537,387419/4KOLKATA MDO-I
8201810SRI R S VAKHARIA21,844,80222,337,306810/7RAJKOT
94128986SWAPNIL SANJAYKUMAR LAVHADE21,836,98121,836,981986/7NANDED
100414125HTANYA SINGHAL21,158,70059,908,70025H/2MEERUT
11554895SHRI DEEPAK P JAIN20,906,57920,906,579895/7MUMBAI-IV
1256925411SRI BHIMAN DAS.19,873,37021,352,095419/4KOLKATA MDO-I
1311568412GANESH KUMAR KANODIA18,430,20918,430,209419/4KOLKATA MDO-I
141163695ASUNIT SANJAY SHAH18,406,56018,506,56095A/7PUNE-2
1512802425SK AKIBUDDIN18,313,07319,159,765425/4KOLKATA DO 2
160030848FNIRMAL BHIMSARIA18,076,19133,881,05548F/4GUWAHATI
1790608863HIMMAT BHIKHABHAI DHOLIYA17,806,44918,120,48386H/7SURAT
180163736AGANGI REDDY M17,327,91519,327,91536A/5BANGLORE-II
191542913SMT.ANITA MAHANSARIA16,562,56630,260,716913/7MUMBAI-I
203011985SATISH SHIVPRAKASHJI ZANWAR16,052,76533,362,599985/7NANDED
215942611SUTRAM SURESH15,678,33515,678,335611/5BANGALORE-I
223301913ADITI NAKUL JOSHI15,612,55215,612,552913/7MUMBAI-I
234224460RASHMI PRABHA PANI15,353,10115,353,101460/8CUTTACK
240101091FPRASAD SHIRODKAR15,264,32137,336,92491F/7GOA
253024966SHRI.RAMCHANDRA GOPINATH NAYAR15,092,28816,292,288987/7PUNE-I
2692788411KAILASH CHAND LADDHA15,020,89022,593,563416/4KOLKATA MDO-I
270129190HPRABHAKAR NARAYAN NAKASHE14,990,40216,513,82290H/7MUMBAI-IV
281600939MRS MADHU D GULATI14,565,28814,565,288939/7MUMBAI-II
29101819201DESHMUKH GANESH GOVIND14,046,08330,818,5699201/7PUNE-I
302657921CHIRAG GANPATLAL DAGLIYA13,712,15113,712,151921/7MUMBAI-I
3110020413SRI DEEPAK BACHHAWAT.13,491,96513,643,775413/4KOLKATA MDO-I
322749321RAJUL JAIN13,484,90320,519,893321/1AJMER
3310395116UMESH MALIK13,352,90728,211,738116/1DELHI-II
340145889ECHANDNI R SHAH13,266,74813,266,74889E/7MUMBAI-III
352831925MEHTA TEJAS VASANT13,027,24117,321,756925/7MUMBAI-IV
360166489EMS DIMPY RAJNIKANT SHAH12,964,72312,964,72389E/7MUMBAI-III
377047762P.A.ARUMUGHAN12,928,17420,528,174762/6COIMBATORE
380113349ESAMU SARKAR12,770,24340,873,79649E/4SILCHAR
390457425H 12,575,78012,575,78025H/2MEERUT
4010991413RISHIKA PODDAR12,445,06214,145,062450/4KOLKATA DO 2
412205873SAUMIL PRAVINKUMAR SHAH12,432,10419,382,104873/7AHMEDABAD
421112312MISS RAGINI12,387,87212,387,872312/1DELHI-II
4310892419JAGANNATH DAS12,154,55314,458,703419/4KOLKATA MDO-I
441146312SUSHMA NARULA11,948,30313,050,258312/1DELHI-II
450025991FSHRI P. N. JOSHI11,834,01673,402,26391F/7GOA
464169761K N RADHAAKRISHNAN11,720,02215,661,779761/6COIMBATORE
470171288EBENAZIR NAZAR11,691,45821,691,45888E/7MUMBAI-II
481617895 11,617,58311,617,583895/7MUMBAI-IV
497170762A.P. YUVARAJ11,564,89923,587,235762/6COIMBATORE
501078925SMT SUSHAMA D SAVLA11,468,48913,150,364925/7MUMBAI-IV

The top 50 Agents on Total Premium

RankAgent Code Agent Name Tot Premium Br/Zo Divn Name
110084310KHEM SINGH179,070,829310/1DELHI-I
20049793PRAJESH CHHEDA173,294,01293P/7GOA
31268997B.V.PAREKH.163,723,872922/7MUMBAI-I
40063869SSRI V VENKATESWARA RAO138,979,645710/5VISHAKHAPATNAM
510429419ASHISH KANKARIA.131,537,387419/4KOLKATA MDO-I
60063210GSH. RAJENDRA G. SHAH120,055,98910G/1JODHPUR
774408411SRI PUSPENDU CHOWDHURY112,632,742576/4KOLKATA MDO-I
879406411SRI PROMODE RANJAN MAJUMDER103,587,959414/4KOLKATA MDO-I
9319938SRI MAKARAND M DHOKTE100,366,250938/7MUMBAI-II
100119687BMR.LOKESHKUMAR GUPTA86,551,77587B/7VADODARA
11913902SMT LORNA CASTELINO85,649,170902/7MUMBAI-IV
123570472BISHAKHA MONDAL rca83,114,561472/4ASANSOL
131550126SEEMA JAIN81,010,350126/1DELHI-II
142720972SMT SUMITA RAKESH SHRIVASTAVA79,880,813972/7NAGPUR
1596679411SUSANTA KUMAR DEY79,754,304417/4KOLKATA MDO-I
1610019793SRI V JAYAKUMAR78,571,70378W/6KOTTAYAM
170025991FSHRI P. N. JOSHI73,402,26391F/7GOA
180081292HSRI BHUSHAN DINKAR MAHAJAN72,221,31292H/7THANE
190069370SSHRI R GOVINDARAJ72,160,91570S/6CHENNAI(I)
200097587JKALPESH JASHUBHAI PATEL71,996,92587J/7VADODARA
212743447MANASI PAL69,773,856447/4CALCUTTA (S)
2210208419SHITAL S BAVISHI67,818,062419/4KOLKATA MDO-I
233151846SRI KETANKUMAR M.PATEL65,541,488846/7NADIAD
244796611LALITHAMBA AV64,748,996611/5BANGALORE-I
250049325KSH. SURENDRA KUMAR DHINGRA63,289,55525K/2MEERUT
260086023TSEEMA SINGH63,238,56523T/2KANPUR
272441134VINAY KAPOOR63,111,72014B/1SRINAGAR
2894142310RAJAT GROVER62,627,213310/1DELHI-I
297276412RAJAT KUMAR ROY62,615,836540/4KOLKATA MDO-I
30502412PUSHPENDU BIKASH SAHU61,734,74941G/4KOLKATA DO 2
311613998SRI. MAHESH R. PAI61,392,143998/7GOA
320119561DANNAPPAYYA SHENOY61,286,35161D/5BANGALORE-I
330311071SJOY THOMAS60,958,02471S/6CHENNAI(II)
3493504411SUBRATA SAHA60,806,439422/4KOLKATA MDO-I
351103312BDARSHAN SINGH UNIYAL60,617,89712B/1DELHI-II
360414125HTANYA SINGHAL59,908,70025H/2MEERUT
372002926MR SURAJ N LULLA59,740,149926/7MUMBAI-III
3810823119PRIYANKA PRIYADARSHI59,693,975119/1DELHI-I
3974469411SRI ARUN KR GHOSH59,506,538576/4KOLKATA MDO-I
404881472SABITA BRATA DUTTA59,236,881472/4ASANSOL
4110412419POONAM DUGAR58,926,930419/4KOLKATA MDO-I
426198572SRI SHAMANTA GHOSH,58,871,178572/4JORHAT
431126783SHABU .P.S.58,557,36278M/6ERNAKULAM
440148776CM.ELANGO58,291,57576C/6COIMBATORE
4512489310ROHIT CHAUDHARY55,886,664310/1DELHI-I
462577841GIANANI ANGNA GAURAV55,455,850841/7AHMEDABAD
470004835HSHRI MOHAN SANTWANI55,157,93535H/3GWALIOR
482839831SMT.JAYSHRIBEN PRAVINKUMAR55,083,950831/7GANDHINAGAR
490295470UG.BALASUBRAMANIAN54,552,32470U/6CHENNAI(II)
500020288ASHRI BHAVESH KARAMSHI THAKKAR54,009,99688A/7MUMBAI-II