How to Become a Health Insurance Agent
2024-09-10 15:20:12Are you looking for a career that stays with you even during tough economic times? The insurance industry is growing fast, and health insurance, in particular, has become very important. The COVID-19 pandemic showed us how crucial health insurance is for protecting ourselves and our families. With the increasing demand for health insurance, there's a great opportunity for you to become a health insurance agent.
This blog will give you all the basic information you need to know about how to become a health insurance agent/POSP, including the steps and requirements.
Who is a Health Insurance Agent/POSP?
A health insurance agent is a person who works with an insurance company or insurance brokers to sell health insurance products. They help people, families, and businesses understand different health insurance policies and choose the one that best fits their financial and medical needs.
From picking the right policy to paying premiums and making claims, a health insurance agent is there to help clients stay financially secure and healthy. Agents or POSPs earn a commission on each policy they sell and have deep knowledge about various health insurance plans like individual, family, and group policies.
Qualifications to Become a Health Insurance Agent/POSP
If you're interested in becoming a health insurance agent, here's what you need:
1. Age Requirement
You must be at least 18 years old. You'll need to give proof of your age.
2. Exam Pass
You must pass a special exam approved by IRDAI.
3. Education
You should have completed at least 10th grade in school.
4. Required Documents
When applying, make sure to have:
- Proof of age
- PAN card
- Proof of address
- Proof that you passed the special agency exam
- School qualification certificates
How to Become a Health Insurance Agent/POSP?
If you're excited about the idea of helping people with their health insurance needs, here are the four steps to becoming a health insurance agent once you meet the basic requirements set by IRDAI:
1. Educational Qualification
You need to have at least a 10th-grade certificate to apply. If you have a college degree in business, finance, or a related field, it can be an added advantage and help you advance in your career.
2. Pre-licensing Training
Before you can get your license, you must complete pre-licensing training as required by IRDAI. The training requirements might differ from state to state, so it's good to check what your state needs. You can also get in touch with an insurance company or consulting agency to learn about their training process.
3. Insurance Examination
After completing your training, you'll need to pass the Insurance Regulatory Examination conducted by IRDAI. This exam is objective, and you must achieve a certain score to pass.
4. Get a License
Once you pass the exam, you can apply for a health insurance license. You'll need to prepare the necessary documents as required by the insurance agency or company you want to work with. Your application will be processed by IRDAI, and once approved, you'll receive your license to sell insurance in India.
Know - How to Become Life Insurance AgentWhy Become a Health Insurance Agent/POSP with Square Insurance?
You can join Square Insurance to sell health insurance products as a POSP (Point of Sale Person) advisor. Here's why you should consider working with us:
1. No Upfront Costs
You can start your career as a health insurance agent/POSP with zero investment.
2. Attractive Pay-Out
Your earnings depend on how many policies you sell, not the number of hours you work. The more you sell, the more you earn.
3. Bring a Positive Difference
As a health insurance agent, you play a crucial role in helping individuals and families stay financially protected during health emergencies.
4. Work Anytime, Anywhere
Whether you choose to work full-time or part-time, you can work from anywhere and get support anytime. We offer a mobile app that helps you track your business and access customer support whenever needed.
Conclusion
In the end, becoming a health insurance agent/POSP is an easy process. If you meet the eligibility criteria, you just need to complete the required 15-hour training by IRDAI, which is a small investment of your time with big returns. Register today and start your journey to becoming a certified health insurance agent, where you can enjoy benefits and help others secure their health and finances.
Contact our team of experts to become a POSP advisor to sell health insurance policies and earn huge profits.
How long does it take to become a licensed health insurance agent/POSP?
The time it takes to become a licensed health insurance agent/POSP depends on how quickly you complete the required training and pass the IRDAI exam.
Do I need to invest money to start my career as a health insurance agent/POSP?
No, there is no upfront investment required to become a health insurance agent, especially if you join as a POSP (Point of Sale Person) advisor with a company like Square Insurance.
What is the earning potential of a health insurance agent/POSP?
Your earnings as a health insurance agent are mostly commission-based. It means that the more policies you sell, the more you can earn. There is no limit to your earning potential.
Can I work part-time as a health insurance agent/POSP?
Yes, you can work part-time or full-time as a health insurance agent. Many companies offer digital tools and mobile apps that allow you to work flexibly from anywhere.
