In a world of growing complexities and competitive job environments, becoming an insurance agent is a much-needed respite from all of that, whether it is flexible working hours, the ability to work from anywhere, or even the ability to get unlimited earnings. Not only this, but becoming an agent requires no monetary investment, allowing anyone to attempt doing so with hard work and some time.
However, despite all of its benefits, insurance is a complicated field, and if you are looking to become an agent here, there are some things you must know about.
Who is an insurance agent?
Insurance agents are trained personnel who represent a particular insurance provider or several of them to sell policies to prospective customers. They act as intermediaries, showcasing and explaining policies directly to the customer at the insurer’s behest, listening to their concerns, and helping them solve their pain points with insurance products.
An agent in insurance must have in-depth knowledge of the products, along with several other skills and qualities, to understand the needs of the customers, recommend the best policy based on their requirements, advise them about the policy details, inclusions, exclusions, as well as guide through the purchase and claims process.
How to become an insurance agent health?
Insurance is a field for all, whether you are an experienced salesperson, changing your career from something completely unrelated, or just taking your first steps into a career. This is why becoming an insurance agent is very simple, with few eligibility requirements.
These are the eligibility requirements standardized by the regulatory authority for insurance, IRDAI:
- The aspirant must be at least 18 years old.
- They must have completed at least 10th standard/12th standard based on where they live.
- They must have a valid Aadhar and a PAN card.
- They must also complete mandatory training and clear the licensing exam.
Step-by-step instructions to become an insurance agent health
The following are the steps to become an agent in Niva Bupa, one of the leading health insurance providers in the country. However, these steps will be similar for any insurance provider you want to work with.
- You can visit the Niva Bupa website and click “Become an Agent”.
- Once on that page, fill out the POSP form mentioned and submit it.
- Following this, complete your training with them and prepare for the licensing exam.
- Attempt to clear the licensing exam to receive a license and start your career with Niva Bupa after signing a contract.
What are the benefits of becoming an agent?
Becoming a licensed agent in India offers numerous unique benefits that other professionals cannot otherwise enjoy.
Start earning at 18
Aspiring agents can start their careers as soon as 18, allowing agents to avail financial freedom early in their careers.
Unlimited potential to earn
There is currently no cap on how much commission an agent can earn. This allows agents to earn commissions for every policy they sell, allowing for more income when selling more policies.
Zero monetary investment to start
Becoming an agent in India requires no monetary investment, making it an excellent way to start your career or earn a little extra on the side.
Flexibility in working hours and workplace
Insurance offers unmatched flexibility, allowing agents to work when and where they want.
What are some necessary skills to become a successful agent?
Although becoming an agent is quite simple, it is necessary to inculcate certain skills to succeed and start your career on the right foot.
Communication skills
Developing people skills and understanding how to approach people and their pain points is essential.
Analytical skills
Understanding the issues your customer is facing and finding the best plan for them requires you to have an analytical mind and realize their current position.
Good math skills
As an insurance advisor, you might have to deal with a lot of numbers, and having good math skills is helpful in the process.
Networking
Networking with industry peers and veterans can help you upskill yourself and generate qualified leads.
Conclusion
Insurance is a dynamic and ever-changing industry with new rules, regulations, guidelines, changes in the market and the mindset of individuals. This can lead to complexities other than competition and new job interviews. But despite all of this, insurance offers unmatched opportunities for success to those who avail it while providing opportunities to learn, adapt, and succeed from these changes.
So join this lucrative field today and take the first step towards financial freedom and unlimited earning potential on the right foot forward.