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MUMBAI: In its bid to arrest the high attrition levels and encourage them to do more business, the national insurer Life Insurance Corporation has hiked gratuity for its over a million agents to Rs 3 lakh. The Corporation makes as much as 94 per cent of its premium income through its over 1.1 million agents, while the private sector rivals net around half their business through the agency route. During the past financial year, the Corporation recruited 2.45 lakh agents but as many as 3.40 lakh agents got terminated or voluntarily left during the year. As of March 2016, the Corporation had 10.60 lakh agents, while this rose to 11.05 lakh as of end January. But this year so far, the Corporation has added 45,000 agents on net basis. http://liclogin.net/ http://liclogin.net/lic-plans/ http://liclogin.net/lic-policy-status/ http://liclogin.net/lic-premium-calculator/
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