There are many benefits of becoming an insurance agent, so in today’s article we will tell you how to become an insurance agent? With this, you will know how much insurance agents can earn, that is, how much commission they get.
If you want to become an insurance agent of any insurance company like LIC, MAX Life, SBI Life, new India, reliance general, oriental, national insurance, united India, HDFC life, star health, iffco tokio, hdfc health etc. If you want to become an agent of an insurance broker like Policybazaar, then what you have to do for this.
Which documents will be required and what should be the qualification, we will know all these things.
In today’s era of inflation, extra income is needed to feed a family. For this, whatever amount of income is earned, it is less. One of the best options for this is to do part time job. If you want to do part time work or any job then there are many options available in today’s time and the best example of this is to become an insurance agent.
By becoming an insurance agent, you can easily do life insurance, general insurance of any person. Apart from this, there are other types of insurance which you can sell to people and earn commission.
The biggest advantage of working a part time job like insurance agent is that it saves your time. This is the reason that today people look for such part time jobs in which more income can be earned and time can also be saved.
Doing a part time job saves time, due to which you can give time to other work as well. In this way you get an opportunity to earn more.
Who is called an insurance agent?
First of all, know that the meaning of insurance agent is insurance agent. Insurance agents are licensed individuals who represent an insurance company. Those who are agents join an insurance company and explain the insurance policy of those companies to the people and understand its entire scheme.
After that, those agents sell the product of that insurance company, that is, they insure people. For example, suppose that you become an agent of LIC, then you will have to sell various insurance policies of LIC company.
Documents required to become an insurance agent
To become an insurance agent of any company, mainly 5 or 6 types of documents are required. The most important of those documents is your PAN card, Aadhaar card, 10th pass marksheet for rural area (or above 10th), 12th pass marksheet for urban area, bank account statement, photo copy of passbook, a cancellation check and two passport size photographs.
If all these documents are available with you then you can follow the process of becoming an insurance agent.
How to become an insurance agent of any company?
It is very easy to become an insurance agent, for this you must be at least 18 years old. There are many ways to become an insurance agent. Talking about the easiest way, you can use platforms like MintPro – Insurance Business App, PolicyBazaar etc. online through any app. For this, you have to keep the documents mentioned above ready.
If you want to insure all companies by becoming an insurance agent, then becoming an agent through any insurance brokers on online platform is the best option. For this, you have to download those apps and upload the required documents.
Only the documents mentioned above have to be given in the document. In this way your KYC will also be completed. If he asks for the mobile number, he has to give it.
Some apps also ask you how many years of experience you have in the insurance sector. After this, you have to give your original name which is on the PAN card and also the email id. After this, you will also have to upload a clear photo of yourself as an identity proof.
Apart from all this, your source of income is also asked in some insurance agent apps, you have to fill them correctly.
After completing all these you will have to wait for 24 to 48 hours and when your application is approved then you will have to get two certificates. The names of these two certificates are LI POSP and GI POSP.
To get both LI POSP and GI POSP certificate you have to take the exam online in the same app. Before giving the exam, you will be given training in the online app itself, under which you will be shown some videos. You will be tested 24 hours after the completion of the course.
Exam is very easy some simple around 30 questions are asked and for this you get enough time of 2 hours.
Call GI POSP or POSP GI, its full form in English is ‘Point of Sales Person – General Insurance’ and the full form of POSP LI is ‘Point of Sales Person – Life Insurance’.
Apart from this, if you want to become an agent of a specific company (of any one company) such as LIC, HDFC Life, Max Life, Aditya Birla, Bajaj Allianz General Insurance, ICICI LOMBARD Aviva Life, Bharti AXA Life insurance etc. You have to give IC 38 exam (test) of IRDA. After passing IC 38 Exam you get Agent Code.
What is IC 38 Exam?
In simple words, to become an insurance agent, you have to give an exam of IRDA and the same exam is also known as IC 38 exam.
It is very easy to prepare for IC38 exam, for this you get an app on play store, with the help of which you can prepare online.
IC 38 or IRDA exam has to be completed within one hour i.e. 60 minutes. A total of 50 multiple choice questions are asked in this exam. Each question carries 1 mark and there is no negative marking.
To pass this test of IRDA, you have to score at least 18 marks. Apart from this, you are also given 1 number as Kripank (Grace), that is, if you bring 17 numbers also, then you will be considered pass. After this you will become an insurance agent of any one company you have selected.