How to become an insurance agent in India?

If you are searching for a career that is not impacted by the economic recession or market forces, then the insurance sector is the right one for you.

When you decide to become an insurance agent, you act as a representative of insurance carriers and brokerages. These representatives help to decide on the best plan that works for you. To find and attract potential insurance investors, you need to have - 

• Strong sales
• Advertisement skills
• Networking skills
• Communication abilities

 

You can become an agent for various vehicles, life, and health insurance companies, etc. Agents working for a particular business often offer the policies from that service provider itself. On the other hand, brokers sell policies from various insurance providers. 

It is easy to become an agent for the business, and one can even adopt the profession as a part-time job to earn additional money. For instance - you can opt to sell online insurance for bikes and cars to earn additional income.

 

The career as a licensed agent

 

When you decide to become an insurance agent, you help others make an appropriate selection of insurance coverage to meet their needs. Your clients may include corporations, individuals, and families.

 

On the other hand, if you wish to become a broker, you may end up pushing for the best policy from numerous health insurance companies. 

 

 

In either of the cases, you will be encouraged to - 

• Provide leads
• Arrange meetings
• Recognize customer needs and expectations
• Promoting relevant insurance products to suit their demand
• Meeting goals and objectives set by the business
• Providing a timely and reliable customer service
• Creating business and referral relationship
• Support sales, staff, etc. with feedback and suggestions

 

Minimum qualification

• You need to meet the eligibility criteria set up by the IRDAI to become an agent
• A candidate must be of 18 years of age
• There is no upper age limit
• You must have qualified for the class X examination
• Previous work experience in the related stream is a plus