How to become an insurance broker?

 Insurance broking is one of the most rewarding career options, and it allows you to build a rewarding career and gain sufficient monetary gains. It allows you to spend quality time with your family and offers incomparable flexibility to any other field. Using the aid of the best health insurance companies, you get a chance to make a difference in the lives of others. It also enhances your social and economic status 

How to become an insurance broker

If you are in search of answers to the question like - 

- How to become an insurance broker in India

- How to invest in a field that promises lucrative career growth and opportunities? 

Insurance is the best alternative in both cases. You can enjoy unlimited profits and risk-free business practices by choosing to become a broker. With several top motorcycle insurance companies and brokerage services, you can match your requirements with an insurance service with plans to match your personal and customer requirements.

There are the following types of insurance brokers –

· Direct brokers that assist the customers in buying policies from the lot and earning a commission.

·  A reinsurance broker purchases reinsurance by negotiating rates

· A composite insurance broker has a valid license, negotiation rates, and purchases the best policy for the clients.

How to become an insurance broker?

Insurance brokers are independent and lack agreement with particular insurers. They represent insurance buyers and take the applications to insurers on behalf of their clients. They educate the clients about insurance products and aid in the selection process. How to become an insurance broker in India -

·   Submit a filled and signed application form

·   Declaration forms signed by the directors or partners (minimum 2)

·    Memorandum of Association



·  Net worth certificates and affidavits showing the source of invested funds of individual shareholders

·    IT returns for the last three years of individual shareholders

·   Detailed statement verified and certified by the auditors. Specify the shareholding pattern, full names of shareholders, total shares held, and exact share numbers, along with folio numbers.

·   Demand draft against the license fee

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