LIC Agent Commission Chart 2021

LIC Agent Commission

Now we’ve all had an instance when some random guy might approach us to sell us some kind of insurance, well these people are the agents employed by LIC. So what exactly is a lic agent? LIC agents is a authorized sales marketing agent appointed by LIC of India for their plans and policies. LIC agents earn commissions on their sales. There are multiple other benefits also given to a LIC agent.

A lic agent is someone employed by LIC to sell their policies to the general populous, meaning they are paid for every policy you buy from them, well the payment they get is in form a commission which they get after every premium paid by the respective buyer of the policy and the percentage of the commission might vary with the type of policy sold.

types of commission for lic agents

Here is a list of commissions received by an lic agent as on March, 2021 based on the plan sold and different types of commission agent can get..

LIC Agent Commission Chart 2021

The new revised commission chart for 2021 is out. LIC of India revises it commission chart for agents every year. There are just a few minor changes this time in 2021 from the commissions of 2019. Download the commission chart 2021 here.

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LIC Agent Commission Chart – 2021


Types of Commission

LIC Commission

Whenever a policy is sold by LIC of India. LIC commissions are paid. These commission values are expenses that LIC pays to their network of agents and agencies to get policies sold. The LIC commissions can vary from 2% to almost 35% depending upon the policy and tenure. LIC agents commission in 2021 are out and you can see the percentages of commission against each policy (with table number) in above section.

What is LIC Merchant Portal?

LIC merchant login

Besides hiring and recruiting agents LIC also has another type of agency work that is called the LIC Merchant. All LC’s merchant work through a Merchant Portal to manage all their work and see their commissions and other earnings.

LIC Agent Commission Details

LIC agents get many benefits and the details of these commission are not just limited to cash but it also includes insurance, expenses, office maintenance, stationery purchase etc. There are many ways a LIC agent is paid commission is just one part of a agent’s total earnings. A agent gets many other benefits besides commission but yes all the benefits are basis the commission he / she earns. LIC policy commission attracts many other benefits for agents.

A agents gets the following commissions

  1. First premium commission
  2. Full premium term commissions
  3. Yearly bonus
  4. Club membership benefits

Commission Based on Type of Policy

LIC agent commission rates depend on various things like policy table number, the term, etc.

Money Back Plan

LIC Agent commission on money back policies in 2021

[table id=2 /]

source: plan money tax

 Endowment Plan

LIC Agent commission on endowment policies in 2021

[table id=3 /]

Source plan money tax

Term Plan

LIC Agent commission on term plans in 2021

[table id=4 /]

LIC Jeevan Labh Agent Commission

A agent gets 25% commission on LIC Jeevan Labh policy. This commission is for the first premium and then 2nd and 3rd year the commission is 7.5% and for 4th year onward till whenever the policy is in force the agents gets 5% commissions on premiums.

Source Plan Money Tax

 Pension Plan

LIC Agent commission on pension plans like Jeevan Shanti, Pradhan Mantri Vaya Vandana Yojana (PMVVY) in 2021

[table id=3 /]

source: Plan Money Tax

LIC commissions have two slabs one is policies lower or equal to 14 years and then policies more than 15 years term.

The commission for policy term 14 is lesser than policies with term as 15 years or greater.


Continuing on the topic of commission the agent will continue getting the commission even if he or she leaves the job or even dies granted that the business he brought in continues. The maximum commission a LIC agent can get is 25%, so based on that lets take an example

Akshay has taken a term insurance with a yearly premium of 1 lakh rupees so by the chart

[table id=3 /]

Do All Agents Get Equal Commission?

No. Another important thing to note is that an agent will also get a bonus commission after he meets a simple requirement of 5 agency years and getting premiums of 5 lakh rupees this commission is about 40% of their commission (visit the link for a short story on LIC commission sharing)and is initially paid yearly but later after a certain period has passed becomes something the agent get monthly.

Become a LIC agent

Should you buy a policy from an agent?

Well this a tough one the only options you’ve got are buying the policy via an agent or well you can buy a policy online, the latter most definitely is a cheaper option since all the commission do get out but is it the better one?

The answer to that are you ready and responsible to get all the premiums paid on time, while buying from an agent the agent is somewhat responsible for your premiums since his own commission is at stake therefore  he or she will definitely remind your upcoming payment, which might not sound like a big deal but with our busy lives we might often forget such things,

How Agents Help

Next also comes apart in which if something were to goes wrong you have some one who’s going to deal with LIC which as many have experienced can be a real big hassle,  comparing that with having bought the policy from the life insurance agent he or she will be the one handling the problem and all your safer from all the hassle.

That being said the premium paid for a policy online and via can agent can differ by as much as 25 to 30 % that’s most definitely a big difference  and you can save yourself a lot by buying policies online.

So at the end it comes to your personal preference do you want to save money or save yourself the trouble of dealing with a company like LIC  or any insurance  company for that matter, either way remember to invest smartly and keep your family informed about the policy, also if going to an agent make sure hi is reputed and has been in business for a while.

So concluding with the article and how you can become a lic agent?

To become a LIC agent all you need is the educational qualification of being 10th pass and you should be above 18 years of age if you meet the required criteria you can just go and contact the development officer at the nearest the LIC branch. YOU will then need to pass an interview conducted by the branch manager and if you clear the interview you will be sent for a training program for 25 days which will be followed by an exam, on clearing the exam you will get your appointment letter and ID card and you will be part of the development team.

Documents needed:

6 passport  size photos

Class 10 marksheets

Address proof: Voter ID, aadhar card, driving license amd coy of pan card.

So that concludes the overview on a LIC agent , hope you found something useful in the article and have a better understanding on this profession and their commission system. The LIC commission chart 2021 given above is taken from reliable sources and can be changed anytime without any prior intimation by LIC of India.

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Human Life Value HLV

Human Life Value (HLV)


    • Harsha
    • May 15, 2020

    Whole life like jeevan umang commission details

      • Divya
      • July 12, 2020

      The commission for Jeevan Umang is 25% for first year, 7.5% for next two years and then 5% for entire policy term.

        • Arvind Nair
        • October 19, 2020

        Is bonus 40% only for first premium or all premiums

        • April 10, 2021

        30 year ppt comission percentage

        • Priyanka patel
        • April 16, 2021

        What are the commision rate to LIC AGENT FIR “pradhanmantri vay vandna yojna”

          • Divya
          • April 17, 2021

          For a PMVVYplan the agents get 1% as commission. For example if you sell a PMVVY for 15,00,000 you will get 1500 as commission. This is a Government of India’s subsidized scheme and LIC is only a facilitator in this scheme hence the commission is so low.

    • Satyendra Kumar
    • July 24, 2020

    Please tell agent commission for fix deposit plan 917 if client deposit 1 lakh for 10 year

      • Divya
      • July 25, 2020

      The commission for endowment 917 plan is 2%. For premium of Rupees 1,10,000 the agent would be getting 22,00 as commission.

        • Daikho
        • July 29, 2020

        Do this continue paying till the end to the maturity?

          • Divya
          • July 30, 2020

          Yes. The commissions are paid till the end of the policy. Actually commission is paid every time a premium is paid for new policy or renewal.

        • Raj Kamal choudhary
        • September 27, 2020

        When will you get this amount Rs2200

        • Asit Kumar Gorai
        • May 6, 2021


    • Danny
    • July 27, 2020

    Please chart the main differences between plan 845 & the new plan 945, also bonus to agent , is it paid yearly? What are the conditions where bonus to an agent can be withheld after full.payment of the premium

      • Divya
      • July 30, 2020

      Difference between 845 and 945 is not in terms of premium or any conditions. 945 plan was launched as a revised plan as per IRDA guidelines. 845 and 945 are the same plans.

      No, bonus is paid only once for a new policy.

      There is no way the bonus can be withheld. If he agent qualifies for the bonus he / she will definitely be paid. To get bonus there are certain conditions that need to be filled like total number of policies done in a year, total premium collected, new policies done, etc.

        • Danny
        • October 19, 2020

        Once premium payment is stopped for any reason how be renewed, what’s the penalty & what is the loss due to stoppage of policy before completion or maturation, and how much will be refunded

    • Priya
    • August 13, 2020

    What is the commission on plan no 850

    • Anurag
    • August 16, 2020

    What Is The Commission Of New Jeevan Aanand 815

      • Divya
      • August 18, 2020

      To know the exact commission share the term of the policy. For commission chart visit

      • Saurabh Sharma
      • December 15, 2020

      Jeevan anand police commission 2020

    • Lalu Prasad
    • August 25, 2020

    I am planning to take the agent exam, just wanted to check is there any targets for the agents ?
    If yes. could you please share the # ?

      • Divya
      • August 26, 2020

      Hi Lalu,

      You need to complete 6 proposals in year. Please share your city name idf you would like to know the details for the agent exam.


    • raju
    • September 11, 2020

    one Policy Agent Commission Exp Muturty Amount 100000 For agent Commission How Monthly

    • Sky
    • September 27, 2020

    Jivan lav ka 1000000ka 16year primium pad and 21year sam assord me agent commission 1st to 5year ka batabe

      • Divya
      • September 30, 2020

      Please refer the table above. All information is provided in the table.. For any clarification send us a comment or email at

    • Raj Kamal choudhary
    • September 27, 2020

    Will the commission come once

      • Divya
      • September 30, 2020

      LIC commissions are sent to bank by LIC every 15 days. Once on the 1 st of the month and then 15th of the month.

        • Divya
        • September 30, 2020

        The commissions come regularly for the entire policy term. First year it is maximum then reduced for 2nd, 3rd year and then remains the same for the rest of the policy term.

    • September 28, 2020

    After 5 years LIC agent could not full fill target can get LIC agent commission

      • Divya
      • September 30, 2020

      If the agency is in force and your proposal for life insurance has been accepted you will receive your commission. No one can stop that.

    • Kuldeep yadav
    • October 5, 2020

    Please tell agent commission for fix deposit plan 917 if client sum assured near about 10 lakhs for 25 years

      • Divya
      • October 14, 2020

      Please get in touch with your Agent to know the exact commission on he policy.

  1. Pingback: LIC Agent Commission. General Insurance Agent Gurgaon

    • Manasi Snai
    • November 29, 2020

    Lici agent’s commission on plan 932

      • Divya
      • December 2, 2020

      Please refer the table above for the commission structure of policies.

    • Mohibul Islam
    • December 1, 2020

    How much Commission I will get for plan 914/16 ??

      • Divya
      • December 2, 2020

      Please get in touch with your LIC agent to know about your exact commission.

    • shabab
    • January 1, 2021

    how much agent commission in lic cancer cover plan

    • Raj
    • January 7, 2021

    Commision on senior citizen vandana scheme?????

    • Bharati
    • March 6, 2021

    I have got my first Lic commission. Out of Rs 2250 I have received only 650 and remaining 1500 is professional tax they are saying. Is this much of professional tax?

      • Bharati
      • March 6, 2021

      I have got my first Lic commission. Out of Rs 2250 I have received only 650 and remaining 1500 is professional tax they are saying. Is this much of professional tax?

    • June 14, 2021

    934 jevan tarun COMMISSION to agents

      • Divya
      • June 30, 2021

      Please refer the chart.

    • Amol
    • June 27, 2021

    LIC agent should get minimum 6 policies from 6 different people and should take minimum 50,000Rs. Premium then only he gets bonus commission of previous years policies.THIS IS THE MOST IMPORTANT CRITERION TO GET COMMISSION OF PREVIOUS YEARS HARD WORK.Those who want to become LIC AGENT should NOTE this.I got 394 Rs.commission this year for my 3 years hard work after DEDUCTION OF PROFESSIONAL TAX OF 2500RS.

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