Do you want to enjoy financial stability and flexibility in the same job profile? If yes, then you can consider the job profile of an Insurance Agent. They act as a link between customers and insurers to make plans’ selling and buying experience more convenient. Becoming an insurance pos agent has become a good option for passionate youngsters who want to build a career in the insurance sector.
This blog explains the requirements and steps that you need to follow to become an Insurance agent in India.
Who is the Insurance (POS) Agent?
An insurance agent is a licensed individual who sells plans of insurance companies to the general public. You will work as a helping hand for the insurance company by selling the company’s plans to the customer. You can get several benefits including flexibility and financial independence from this job. Due to all these benefits, this job profile is in demand among youngsters.
Eligibility Criteria to Become Pos Insurance Agent
If you want to become an insurance agent here are some eligibility criteria you must qualify for:
- You must be a citizen of India.
- The age of the applicant should be at least 18 years.
- You must either pass the 10th pass in rural areas or the 12th for urban areas.
- Must have issued license from IRDA (Insurance Regulatory and Development Authority)
What are the Benefits of Becoming an Insurance Agent?
Being representatives of the insurance companies, insurance agents get many benefits from the company. Some of its benefits are as follows:
1. No limitation on Earning
You get a commission for every policy you sell. By selling more policies you can earn as much as you want.
2. Flexible Working Hour
You do not have to work for a specific number of hours as a POS insurance agent. You can decide the place and time duration for which you want to work. This flexibility in working hours gives freedom to the agent to work.
3. No investment is required
You are not required to spend your money to get this job. All you need to do is go through the training and pass the required examination to start your career as an insurance agent.
4. Job Stability
This job is secure as financial and health risks have led to a rise in insurance demands, making the demand for insurance agents consistent for a long time.
5. Personal Growth
Training and development programs in the insurance sector offer agents a huge scope for growth. These programs also promote agents’ interpersonal skills and performance.
Steps to Become an Insurance (POS) Agent
If you are looking forward to starting your career as an agent and achieving financial and working-hour independence, this is the perfect guide for you.
- Choose any insurance company: Select an insurance company or broker for whom you are willing to work. Select the type of insurance company you are willing to work for, e.g., health, general, or life insurance.
- Prepare an account: Then, prepare an account with your selected broker or insurance company. Submit the required documents online on the company’s website.
- Go for IRDAI-approved training: Training enhances the skills of insurance agents. So, they must attend 15-day training sessions conducted under the framework of IRDAI. This training helps them learn updated methods of being effective sales representatives for the company.
- Appear for the Examination: The agent must appear for a licensing exam, IC 38, which is conducted according to the regulations of IRDAI. The syllabus includes insurance laws, regulations, ethics and responsibility of the agent, and policy type and coverage.
- Get the License: Apply IRDAI along with the required fee to get an authorized license from the authority.
- Start selling the product: After getting a license, an agent has all the right to start selling the policies of the insurance company.
Conclusion
In conclusion, becoming an insurance pos agent is a rewarding career opportunity that helps you settle your career in the insurance industry. The above-mentioned steps will help you start your journey with more confidence and authenticity. What could be better than a flexible, independent, and stable career? So, what are you waiting for to kick-start your career? Get the best help with our blog regarding all the requirements, benefits, and steps to become a skillful agent.
FAQs – Related to Become Insurance POSP agent in India
1. What is the minimum qualification required to become an insurance agent?
If you want to become an insurance agent, you must have passed out 10th standard. Sometimes the minimum qualification is 12th standard as well.
2. Is there any experience required to become an insurance agent?
No, there is no requirement for experience to apply for the job profile of an insurance agent.
3. Can I work as a part-time agent?
Yes, you can become a part-time insurance agent.
4. Which examination was conducted for the insurance agent job?
The name of the examination is IC 38, which is conducted as per the instructions of IRDAI. You have to appear for this exam after your 15-day training program.
