How to Become a Motor Insurance Agent

How to Become a Motor Insurance Agent2024-09-10 16:01:02

Becoming a motor insurance agent is more than just a career - it's a chance to make a real difference in people's lives. Every day, you’ll help individuals and families protect their vehicles, offering them peace of mind and security on the road. But the real question is: how to become a motor insurance agent?

In this blog, let's learn more about motor insurance agents and how you can become a motor insurance agent.

Who is a Motor Insurance Agent/POSP?

A motor insurance agent or POSP (Point of Sales Person) is a person who works with an insurance company or Insurance brokers to sell different types of motor insurance to people. As a motor insurance agent or POSP, you help customers to choose the right motor insurance policy according to their needs from a variety of vehicle-related insurance options.

Eligibility Criteria for Becoming a Motor Insurance Agent/POSP

According to IRDAI (Insurance Regulatory and Development Authority of India), you need to fulfill the following criteria to become a motor insurance agent:

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 exam
  • School qualification certificates (especially 10th grade)

How to Become a Motor Insurance Agent/POS

To become a motor insurance agent or POSP you have to visit Square Insurance and click on the Become a POSP tab.

1. Sign Up

Fill out the POSP form and upload the required documents.

2. Complete Training

Finish the 15 hours of required training.

3. Pass the Exam

Take and pass the examination.

4. Sign the Agreement

Once you pass, you need to sign the agreement to become a certified motor insurance POSP.

Know More - How to Become Health Insurance Agent

Why Become a Motor Insurance Agent/POSP with Square Insurance?

1. Be Your Own Boss

One of the main benefits of being a motor insurance Agent/POSP with Square Insurance is the freedom it offers. You can work at your own pace. This flexibility allows you to manage your work around your personal life, making it the best option for those seeking work-life balance.

2. No Time Constraints

As a motor insurance agent, you decide your own schedule. Whether you prefer to work part-time or full-time, Square Insurance gives you the freedom to choose the hours that suit you. This flexibility ensures that you can try other professions while still earning a good income.

3. Work from Anywhere

Square Insurance enables you to work from anywhere - whether it's from your home or while traveling. This means you're not required to come to the office and can continue to work even when you are traveling.

4. Short Training

Becoming a certified motor insurance POSP agent requires just 15 hours of training. This short training allows you to learn the basics of insurance and gives you the necessary skills and knowledge to be successful in the field.

5. High Earning Potential

As a motor insurance agent, you can earn a lot because your income depends on how many policies you sell. The more effort you put in, the more you can earn, making it a great career choice for those who are dedicated.

6. Zero Investment

Starting your career as a motor insurance agent with Square Insurance doesn't require much investment. You just need to invest your time and effort - complete the training, pass the exam, and you're ready to begin.

7. To Sum Up

In the end, becoming a motor insurance agent is a great choice if you want flexibility, independence, and the chance to earn well. With Square Insurance, you can be your own boss, work from anywhere, and set your own hours. So if you are looking to become a motor insurance agent, register as a POS agent with us today and give your life a new direction.

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FAQ's

What are the criteria for becoming a Motor Insurance agent/POSP?

You need to be at least 18 years old, have passed 10th grade, and complete the required training and exam.

When can I start selling motor insurance policies?

You can start selling as soon as you complete the training, pass the exam, and sign the agreement.

Do I need sales experience to become a Motor Insurance agent?

Having relevant sales experience is always a plus in the insurance industry but even if you don't have any prior experience, you can still become an insurance agent.

How do insurance agents earn a commission?

Insurance agents earn a commission based on the number of policies they sell.

What documents do I need to submit to become a motor insurance POSP agent?

You need to submit copies of your Aadhar card, PAN card, 10th-grade certificate, and a canceled cheque along with a photograph.