How to Become Insurance Agent in Jaipur

POSP, also known as a point of sales person, is an authorised person of an insurance provider who sells pre-written insurance products to customers. These are licenced professionals who have passed exams to become insurance agents.

The exams are conducted by the insurance provider. Depending on their interests, these professionals can sell various insurance products such as health insurance, motor insurance, and more.

However, to acquire an insurance agent licence, you need to meet the eligibility criteria. POSPs can work with one insurance company at a time.

An individual insurance agent is a professional who sells pre-written insurance plans and customised plans based on customers' specific needs. They specialise in selling a diverse range of insurance plans to customers, such as motor insurance, health insurance, business insurance and more.

The individual insurance agent's role is to understand the customers' needs and curate the insurance plans based on those needs, offering a wide array of options and diversity to customers.

These professionals can work with one general insurance, one standalone health insurance, and one life insurance company at a time.
However, to become an individual insurance agent, applicants must first recognise the importance of professional development by completing the mandatory training and passing the IRDAI-approved test.

Becoming an insurance agent in Jaipur not only opens the door to maximising your earnings but also offers various benefits. Some of the popular benefits of general insurance agents in Jaipur are listed below:

-Zero Investment

One of the significant advantages of becoming an insurance agent in Jaipur is that it requires zero investment. Becoming an insurance agent is easy and requires no financial investment.

Individuals only need to have a stable internet connection and smartphone to become insurance agents.

-No Time Constraint

The freedom that comes with choosing a profession as a general insurance agent in Jaipur is another advantage. Since there are no time restrictions, people can work whenever it is most convenient for them.

Insurance agents can work full-time or part-time depending on their comfort level thanks to this flexibility.

-High Earning Potential

Individuals who want to become insurance agents in Jaipur enjoy a high earning potential. However, it is essential to note that the income is directly related to the number of insurance policies sold. The more the insurance agent sells an insurance plan, the more income they will earn.

-Certain eligibility criteria must be met to become an insurance agent in Jaipur. These include:

-Minimum Age: One essential requirement for becoming an insurance agent is meeting age criteria. The applicant should be at least 18 years old.

-Educational Qualification for Insurance Agent: Another eligibility criterion to meet is the educational qualification of the applicant. The applicant should have at least passed the 10th-class examination.

-Compulsory Training: Another eligibility requirement the aspiring insurance agent needs to fulfil is to obtain a training certificate from an IRDAI-approved institution. This training is compulsory to become an insurance agent. The training duration for a POSP agent is 15-hours and an individual insurance agent is 25-hours.

-IRDAI Exam for Insurance Agent: Another requirement to meet to become an insurance agent is to pass the insurance agent test.

The POSP insurance agent test is conducted by insurance providers and the individual insurance agent test is conducted by IRDAI. The POSP agents do not need any exact passing mark to get the job. However, the cutoff for Individual Insurance agents is 15%.

Here is the list of documents applicants need to submit at the time of the insurance agent registration process:

• Copy of PAN card

• Address proof such as passport, driving licence, aadhar card, etc

• Coloured photographs

• 10th class mark sheets

• A cancelled bank cheque

Applicants who want to become general insurance agents in Jaipur with TATA AIG need to follow a simple process. Below are the steps that the applicant needs to follow:

-Step 1: Online Registration Process

Applicants who want to become insurance agents with TATA AIG need to visit the official TATA AIG agent registration page. The registration form will appear on the screen. Fill out the necessary details, such as name, email, etc. and click on the “Proceed” button.

-Step 2: Complete the Training Program

Once you have submitted the registration form, you need to complete the mandatory training approved by the IRDAI. This insurance agent training program educates the applicant about the insurance regulations, processes, guidelines, etc., to follow.

The training duration is 15-hours for POSP agents and for individual insurance agents, it is 25-hours, and it can be completed online and offline. After completing the training on time, applicants need to pass the exam for insurance agent

-Step 3: Obtain the Insurance Agent Licence

To pass the insurance agent test, you need to score the passing marks in the examinations. Once you pass the examination, you will get the insurance agent licence, which is necessary to sell insurance policies to customers.

-Step 4: Start Selling Insurance Products

After getting an insurance agent licence issued by IRDAI, you can start your journey as an insurance agent. Along with a licence, you also need to have good communication and people skills to become a successful insurance agent.

When it comes to becoming an insurance agent, anybody can apply for it as long as they are 18 years old and have passed the 10th class examination. Here are a few examples of people for whom, becoming an insurance agent in Jaipur is a suitable option:

-Financial Advisor

Individuals who are already employed in the finance field can definitely try becoming an insurance agent in Jaipur.

These professionals are already working in the finance field and have an idea about insurance products, so they can sell insurance policies to customers more confidently. Furthermore, it also helps diversify their work experience.

-Homemakers

Women who are full-time homemakers and looking for a working opportunity can also become an insurance agent in Jaipur.

Being an insurance agent not only helps them become financially independent but also boosts their confidence. They can manage the insurance agent's work along with their family responsibilities.

-Retired Professional

Retired professionals are also encouraged to try becoming insurance agents in Jaipur. This not only keeps them occupied but also offers an opportunity to earn money. Unlike regular jobs, retired professionals only need to work some hours.

-Business Professionals

Business professionals who are looking for ways to multiply their earnings or who are looking for a second source of income can also try becoming an insurance agent. It will not only give them a source of high income but also allow them to network with new people.

If you are considering becoming an insurance agent with TATA AIG, then below are some benefits you will get:

• TATA AIG is an established insurance brand with over 20 years of experience, so that you will be selling authentic insurance plans to all your customers.

• At TATA AIG, we believe in long-term association with our insurance agent. So once you join the company as an agent, you will have more opportunities to grow and learn with us.

• We understand how important it is to upgrade your skills from time to time to survive in the cut-throat market. Hence, we have a TATA AIG academy so that you can enhance your skills.

• We value the hard work of our insurance agents, so we offer different recognition and award programs to reward their efforts.

• Furthermore, we also have different incentives and bonuses for insurance agents who have done extraordinary work.

Often, people get confused about the income of an insurance agent. The income of an insurance agent is commission-based. This means the insurance provider has decided a commission on insurance plans.

Based on that, the more insurance plans the insurance agent issues in a month, the higher the commission will be. An agent's income will depend on their selling skills and hard work.

With so much demand for insurance policies in the market, people often look for authorised insurance agents who can educate them about a plan. Plus, it also opens a gateway for earning more money. So, if you have good people skills and want to make a difference in someone else's life, then you can certainly give the insurance agent job in Jaipur a try.

TATA AIG is a well-known insurance provider that allows you to become an insurance agent and grow in your career. Simply visit the TATA AIG agent registration page to initiate the process of becoming a TATA AIG agent now.