Become an Agent

An insurance agent helps individuals find insurance products that fit their needs, assemble all the required documentation, and provide support during the policy period. One of the best things about it is that it offers great flexibility regarding the number of hours you want to dedicate to it. As an insurance agent, you get to set your working hours and work from home without being confined to a desk all day. Furthermore, you can build an alternative career bybecoming an agent while having a full-time job. It might occasionally require your presence, but as per mutual convenience. Retired seniors, stay-at-home parents, or anyone who matches the eligibility criteria can benefit from becoming insurance agents. Benefits of becoming an insurance agent with Niva Bupa:

Zero investment business opportunity

Work from anywhere, anytime

Free certification under IRDA guidelines

Earn monthly attractive payouts and commissions

Work smartly with UNO, our digital application

Hassle-free and seamless online processes

Track your business online with UNO

Work with a dedicated Relationship Manager

Renewal protection – Earn on policy renewals

IRDAI (Insurance Regulatory and Development Authority in India), the regulator of the insurance sector, has made passing an exam based on its syllabus a pre-requisite for becoming an insurance agent. Those interested in becoming insurance agents should register online via IRDAI's portal. The registration process requires filling up forms, uploading documents, and making the payment online. Once the registration process is complete, the candidate will be informed of the exam date and timing. The IRDAI website offers study materials for aspiring insurance agents that help them understand everything about becoming an insurance agent. The study materials are available in different languages, including English, Hindi, Punjabi, Marathi, Gujarati, Tamil, Bengali, Malayalam, Telugu, Kannada, etc.

A successful insurance agent employs various marketing strategies to attract new clients to promote the newly developed and existing insurance policies. Additionally, the insurance agent helps clients by providing insurance advice, analysing policy details, processing adjustments and renewals, and providing other services. Most importantly, being an insurance agent necessitates excellent customer service. Niva Bupa offers extensive online training programs that covers all the basic and advanced information on insurance to help people become insurance agents, thereby helping them become successful insurance agents and financially independent. There is also a small assessment post the training. There are, however, a few basic pre-requisites for becoming an insurance agent:

Education: Applicants must have qualified 10th standard

Age: 18 years and above

IRDAI Certification: Certified by the Insurance Regulatory and Development Authority of India

State licensed: Every state requires licensing for insurance businesses. One needs to pass the state-level examination before they can be licensed

To become an insurance agent, a person must know the basics of insurance and its market in India. Below is a list of different insurance policies available in the Indian market:

General insurance

Life insurance

Health insurance

Property insurance

Travel insurance

Motor insurance

Home insurance

Fire insurance

Income protection insurance

Business interruption insurance

Burial insurance

Surplus line insurance

To work as an insurance agent, one must first decide what insurance they want to sell. They can only be linked to one general and one life insurance company at a time. In addition, to take the exam to become an insurance agent, the individual must first register with an insurance provider.

Becoming an insurance agent is profitable, comes with substantial rewards, and offers flexible work hours. Furthermore, you can sell insurance from any location of your choice and relocate wherever you want without any hassle. Selling insurance has its own set of advantages:

Easy access: Becoming an insurance agent is simple. A few states need you to complete a licensure course and pass an exam, although these are relatively simple. Beyond high school graduation, there are no educational prerequisites.

Job prospects: There are plenty of opportunities to sell insurance, many of which can be found on job search websites.

Passive income: You can earn a good amount of money as a successful life insurance agent. Along with that, you can also earn from renewal commissions on a policy for as long as it's active.

If you are thinking about becoming an insurance agent, you are setting yourself up for a lucrative and stable career. The amount of money an insurance agent can earn is determined by various factors, however, you can earn more than six figures annually. The starting salary for insurance agents in India ranges between Rs. 20,000 to Rs. 50,000 (plus commissions). However, an insurance agent's annual compensation is determined by the company for which they work and the sort of insurance they offer. Insurance agents may be paid on a salary-only, salary-and-commission, or salary-and-bonus basis. The commission factor is why insurance agents' earnings can vary so widely. The more effort you put into your work, the more you can earn!

Becoming an insurance agent in India is quite simple, and anyone can do so just by fulfilling these basic requirements.
1.The applicant must be at least 18 years old.
2.The applicant must have passed the 12th Standard or equivalent examination conducted by any recognised Board/Institution if the applicant lives in a place with more than 5,000 residents. Or 10th Standard if they live in an area with less than 5,000 residents.
3.The applicant must complete a mandatory practical training listed by the IRDAI.
4.The applicant must also attempt and pass the IRDA test.
5.The applicant must also have an Aadhar card and a PAN card.
You will receive an insurance agent certification from the IRDAI by fulfilling these basic requirements. Thus allowing you to join any insurance provider as an agent in insurance.

Yes, although there is no upper limit on a general insurance agent’s age. One needs to be at least 18 years old to become an agent.

Becoming an agent requires zero investment from the applicant’s side. This provides an excellent opportunity to start earning without worrying about the entry barrier.