Insurance Agent -build your Career in Insurance

 

Insurance Agent -build your Career in Insurance 

Ways to become an Insurance Agent

Build your career in insurance by Becoming an Insurance Agent :

 How to become an insurance agent

Details of insurance agent:

An insurance agent is an intermediary who brings the insurance company and the customer together and assists in the execution of the sale. As a result, an agent has to play multiple roles.

Why make a career in insurance?

There are many benefits to building a career in insurance. As an agent you will get the following benefits-

Be your own boss and have the opportunity to work to your advantage

Unlimited earning opportunities

The policy earns attractive commissions as well as awards and honors

So, many people want to be an insurance agent for these benefits.

Who can be an insurance agent?

Two specific qualifications are required to become an insurance agent. By fulfilling this qualification you will be able to build a career in insurance. Qualifications are mentioned below-

You must be at least 18 years old.

In case of educational qualification, if you live in rural area you have to pass minimum 10th class and if you live in urban area you have to pass 12th class.

Those who are able to meet these basic qualifications can be registered as an agent. The insurance agency is committed to providing jobs for college students, part-time jobs for graduates, jobs for new graduates, and jobs for freshers. Even housewives and retirees can join the insurance company.

Steps to become an insurance agent:

According to the guidelines laid down by the IRDA (Insurance Regulatory and Development Authority), there is a procedure to become an insurance agent. You can become an insurance agent if you pass this procedure. Let us now discuss the method in detail-

You must be registered with an agency if you qualify to pass.

You need to submit KYC details and documents and be registered with the insurance company you wish to be an agent of.

After successfully enrolling, you must participate in a fixed-term training program. The duration of the training will depend on the type of your agency. This training is classroom training which is recommended to be taken offline.

An exam will be held after your training. This test is prescribed by the Insurance Regulatory and Development Authority of India (IRDA). You can take the exam online or offline, but online exams are popular.

If you pass the test, you will get a license and become an agent.

How Much Money Does an Insurance Agent Make?

An agent earns commission on the premium amount generated by him. The amount of commission for different insurance plans varies. You can earn commission from 5% to 40% of the premium on different insurance policies. Through the programs, agents can also enjoy additional commission earnings, gifts, gift vouchers and international travel.

MintPro offers you the opportunity to become an Insurance POSP (Point of Sale Person). POSP (Point of Sale Person) is a type of insurance agent. As a POSP (Point of Sale Person) with MintPro, you can sell a variety of insurance plans from leading insurance companies. You can sell both life insurance and general insurance products like health insurance, car insurance, two wheeler insurance etc.

Eligibility terms and procedures for POSP Insurance Agent:

Under the terms set by the IRDA, two specific qualifications are required to become an agent. You can apply to build a career in insurance if you meet these qualifications. Qualifications are as follows

You must be at least 18 years old.

In case of educational qualification, you have to pass at least 10th class.

Those who meet these basic qualifications will be able to register as an insurance agent. The insurance industry can provide jobs for freshers, new graduates, part-time graduates, college students, and even housewives and retirees. Let's take a step-by-step approach. You can.

If you meet the eligibility criteria for passing, you will have to register for the training program.

You will need to submit KYC details and documents.

Must participate in a training program for a specified period of time.

An exam will be held after your training. Must pass the test and pass.

If you pass the exam, you will get a license and become an agent.

Why POSP certification is the best way to become an insurance agent.

The insurance agent acts as a catalyst in bringing the insurance company and the customer together to sell the insurance policy. As a result, an agent has to play multiple roles.

POSP (Point of Sale Person) is a new type of license for insurance agents that was created in 2015 by the IRDA (Insurance Regulatory and Development Authority). This is now the best way to enter the insurance agent career. Why? Insurance agents are affiliated with a single company and can only sell life and non-life products in the paid category of the insurer. But now there is a lot of demand from customers - they want to know all their options and seek advice from agents to choose the best product. A POSP (Point of Sale Person) license helps you do just that. As a POSP (Point of Sale Person) you can sell policies of multiple insurance companies in both the categories of Term Life, ULIP, Endowment Life, Motor, Health, Personal Accident, Home and Travel Life and Non-Life POSP (Point of Sale Person) is a larger plan. As a result, most people are now choosing the POSP (Point of Sale Person) path for their agent career.

Learn about the Insurance Agent Certification Course and the Insurance Agent Exam

If you are a financial advisor, you can sell insurance to more than 30 insurance companies.