How to become an insurance broker?
There is a major difference between an insurance agent and a broker. The former sells the product of an insurance company to customers and earns commissions. An agent is also the representative of the insurance company. They can complete the insurance transactions and sales. On the other hand, insurance brokers hand over the customer account to the agent or the health insurance companies . To understand how to become an insurance broker or the best ways to improve your income level, it is important to ensure that you have the best insurance company to back you up. How to become an insurance broker in India? Although there are numerous health, life and motorcycle insurance companies that allow you to become their broker yet it is important to be associated with the best one to attain the optimal results. Here are a few documents required to obtain your broker license - Signed application forms Copy of memorandum of association of the company Declaration forms ...