WebCan I transfer my LIC agency to another branch? You have to contact your present branch and give your request letter for the transfer of your required branch. You have … WebSep 12, 2024 · He said that the agent portability option will not be restricted to general insurance only but shall be applicable to life insurance policies with a tenure of up to 20 years. “If the policyholder is not satisfied with the service of an agent, he/she can change the agent and can select a new agent.
How can we transfer LIC Policies from One agent to ourself?
WebApr 16, 2008 · 02 October 2008 You can not transfer your agency to your wife. But your wife can take up fresh agency and the new accounts taken in her name will be hers. Previous Next You need to be the querist or approved CAclub expert to take part in this query . Click here to login now Similar Resolved Queries WebJan 30, 2024 · How can I do business as a visiting agent in LIC? 1- You can do business as visiting agent in any LIC Branch. 2- Transfer your LIC Agency to any other LIC Branch … ciaran chu aci worldwide
Can I transfer my LIC agency to another branch?
WebApr 1, 2024 · If you transfer a cash value life insurance policy to someone and it’s worth more than the exclusion limit, it’s considered a taxable gift. If the new owner of the policy is required to pay ongoing premiums to maintain it, you can still gift them up to $16,000 to cover the cost without a penalty. WebCan I become part time LIC agent? You can join the LIC as an agent. You can work at your pace and time. LIC has reduced the educational qualification required for becoming an agent from 12th class to 10th. Among advantages of joining LIC as an agent include the option of working either full or part-time and unlimited earning. WebJan 23, 2024 · The tax code says that the old insurance policy must be exchanged for a new policy—you cannot receive a check and apply the proceeds to the purchase of a new insurance policy. The tax code also … dg3 logistics