How to Become an Insurance Agent in India

Who is an Insurance Agent?

An insurance agent is a person who is legally allowed to sell insurance in India. They get a license from IRDAI, the organization that regulates insurance. Their main job is to find new customers, explain different insurance plans, and help them choose the best one based on their needs.

In India, there are two types of insurance agents:

• Exclusive Agent: Works only for one insurance company and sells only their policies.
• Independent Agent: Works with multiple insurance companies and can sell policies from any of them.

Procedure for Becoming an Insurance Agent in India

How to become a POSP insurance agent is quite easy and can be followed by anyone with the following simple steps:

Step 1: Create an Account

Go to the Square Insurance website and click on the "Become a POSP" button. Enter your mobile number and verify it using the OTP sent to your phone.

Step 2: Upload Your Documents

Fill in your personal details, such as your name and address, and upload the required documents, including your PAN card, Aadhaar card, bank details, and education qualification certificate. These will be verified by the insurance company or broker.

Step 3: Complete Training

You must complete at least 15 hours of training to qualify as an insurance agent.

Step 4: Pass the Certification Test

After training, take the certification test online or offline. Once you pass, you can start working as an insurance agent and receive further on-the-job training.

Benefits of Becoming an Insurance Agent

• Good Earnings : You earn a commission every time you sell an insurance policy. The more policies you sell, the more money you make. There is no limit to how much you can earn.
• Flexible Work : You can work full-time or part-time, based on your schedule. You don’t have to go to an office every day; you can work from home or anywhere you like.
• No Investment Needed : You don’t have to spend money to start this career. Just complete the required training, pass the certification test, and you can start working.
• Job Security : Insurance is always in demand because people need financial protection. This makes being an insurance agent a stable and long-term career option.
• Personal Growth : You will develop communication and sales skills, meet different people, and gain confidence. These skills can help you grow in your career.
• Helping Others : You assist people in choosing the right insurance plans to protect their future. This job allows you to make a positive impact on others' lives.

Conclusion

Becoming a licensed POS insurance agent with Square Insurance is a great way to start a rewarding career with zero investment. It offers endless opportunities to grow, showcase your skills, and stand out in the industry. With the right dedication, you can make a meaningful impact while building a successful future.