How to Become an Insurance Agent?

how to become an insurance agent

Insurance Agent is a person who suggests and advises about insurance to companies and any individual. They tell customers the best-suited policies as per their needs. They do this for the protection of their health, life and wealth. Due to the stepping up of the private sector in this filed, the Indian insurance industry increased so big. They handle all the life and non-life insurance businesses. Do you know how to become an insurance agent?

How to Become an Insurance Agent?

Aspiring candidates need to possess the following qualifications.

Eligibility of Insurance Agent
The prospective candidates should have passed at least 10+2 or its equivalent qualification from a recognized school board. If you are a graduate or higher then it is an advantage for you.

Age Limits
The minimum age for the post is 18 years at the time. There is no upper age limit.

Required Skills for the Job

  • Aspiring candidates should have knowledge of principles and processes for providing customer and personal services.
  • They should have strong sales and marketing skills along with an appealing approach and interview skills.
  • Applicants should have good interpersonal and communication skills.
  • They should have hard work as they have to remain in the field for most of the time.
  • Candidates should be up to date about the financial markets and banking sector.

Steps to Become an Insurance Agent

1 – After passing the 12th class, candidates will have to undergo at least 100 hours of training in the respective insurance company.

2 – Candidates need to appear in the IRDA exam conducted by the Insurance Regulatory Development Authority.

3 – After passing the exam successfully, candidates have to start working as an insurance agent.

Employment Areas
Successful candidates can join both private and government sectors. Furthermore, the private one more abundant with various types of jobs. As a result, after gaining some certain experience, they can become a development officer. More years in service, more chances of promotions.

Monthly Salary

The salary of an insurance agent varies from company to company depending on the market trends there. Thus, some are earning Rs.10000 to Rs.15000 and others Rs.20000 to Rs.25000 per month. For example, a graduate working in the marketing and sales department can start from Rs.25000 to Rs.30000 per month.