How to Become Insurance Agent in Kanpur

A Point of Sale Person, or PSOP, is an individual who acts as the representative of an insurance company and sells its policies and products to potential clients. In return, the insurance agent receives a commission from the organisation for every successful sale.

POSPs work under the guidance of an insurance company and act as its representatives. Working as a POSP for an insurance company offers great flexibility, financial benefits and several other perks. However, it should be noted that POSPs can work with only one insurance company at a time.

An individual insurance agent is a person who works to provide customers with the best insurance policy and help manage it. These insurance agents are experts in their field and have the authority to sell customisable policies to customers according to their unique requirements.

These individual insurance agents get the authority to provide customised policies by the insurance companies themselves, which is usually not given to the POSP agents. They can work with one general insurance company, one life insurance company and one standalone health insurance (SAHI) company at a time.

These are the general eligibility criteria for becoming an insurance agent in Kanpur.

• Age Criteria: A person would be at least 18 years old to become an insurance agent.

• Qualification for Insurance Agent: The insurance agents must have a 10th pass certification from a recognised board of education.

• Exams for Insurance Agents: An aspiring insurance agent must pass the mandatory agent exam and obtain certification from it.

• Professional Experience: Professional experience in the finance field is a plus but not mandatory.

Here is the list of necessary documents which aspiring agents require before their onboarding.

• Identification Documents: These can include an Aadhar card or voter ID card.

• Passport Photo: A recent passport-size photograph is required to verify the identity of the applicant.

• Resident Proof: It includes an Aadhar card and voter ID card

• Educational Qualification Documents: Passing certificate of 10th class or as required by the insurance company.

Here are the steps to follow to become an insurance agent in Kanpur with TATA AIG:

Step 1: Online Registration Process

The first step towards becoming an insurance agent in Kanpur with TATA AIG is to get registered. You need to visit the company website and fill out the agent registration form. Please provide all your information correctly.

Step 2: Complete Your Training Program

The next step towards becoming an insurance agent is completing your mandatory training. This training program, mandated by IRDAI, allows all aspiring agents to gain deeper insights into the insurance world and learn the necessary skills.

It is a 15-hour training program for POSP agents and a 25-hour training program for individual insurance agents that can be taken online. After completing the online program, aspiring individual agents need to appear for the IRDAI exam for insurance agent. On the other hand, POSP agents appear for insurer-conducted exams.

Both agent types must clear their respective exams in order to get the insurance agent licence. The POSP agents do not need any exact passing mark to get the job. However, the cutoff for Individual Insurance agents is 15%.

Step 3: Obtain the Insurance Agent License

After you have passed the insurance agent test, you become eligible to get the licence. It is an official document certifying that you are qualified to become an individual insurance agent or POSP and make policy dealings. The certificate will help verify your identity and build trust with you while dealing with clients.

Step 4: Start Selling Insurance Products

Now that you have fulfilled all the required qualifications for an insurance agent, you can start selling products. Here are some tips to keep in mind:

• Start by selecting the niche you want to work in and selling products only for that niche. This will help you gain expertise and trust. There are several options, such as travel insurance, health insurance, motor insurance, marine insurance and more.

• In addition to your agent training program skills, try to gain the latest knowledge and skills. It will help you stay relevant in the changing finance market.

• Create a detailed plan on how you want to approach clients, crack deals, make better connections with new clients and earn more commission.

• Keep your finances in check and tally your expenses. This will help you maintain a better income and avoid losses.

Here are some of the suitable candidates who can become a successful insurance agent in Kanpur.

Homemakers

Homemakers can become successful insurance agents in Kanpur. They can enrol in the TATA AIG agent program to gain the necessary knowledge and skills for work. Once they get the licence, selling insurance policies will be easier for them. Working as an insurance agent will help homemakers become financially independent and give them self-confidence.

Financial Advisors

Due to their financial background, financial advisors can become naturally successful general insurance agents in Kanpur. As they already have good knowledge of finance and insurance, they will find it easier to convey policy details to customers.

Moreover, it also gives them an extra source of income along with their main business. Associating with a trusted organisation like TATA AIG also gives them an edge and allows them to onboard more clients.

Business People

Business people can also be successful insurance agents and make good incomes. As they already deal with various aspects of finance and have some knowledge of things like business insurance, loans, etc., getting trained as agents becomes easier.

Moreover, business people often have vast networks of contacts with people from different fields, which helps them find potential insurance clients much more easily.

Other People

Various other individuals can become insurance agents and earn their livelihoods. TATA AIG welcomes qualifying individuals who are interested in working in finance and helping customers find the right insurance plan. In return, they earn a commission for every insurance plan sold.

These individuals can be anyone, such as college students, job seekers, and working professionals searching for side income.

If you are thinking about why you should join TATA AIG as a general insurance agent in Kanpur, then you must be aware of all the benefits you will get.

Competitive Commission Structure: When you join TATA AIG as a general insurance agent in Kanpur, you do not have to worry about earning adequately.

At TATA, we believe in fairly rewarding our employees for their contribution and dedication. Our commission rates for insurance agents are among the best in the market, allowing agents to live comfortable and dignified lives.

Comprehensive Support and Training Program: At TATA AIG, you will get all the necessary support and training before starting your professional journey as an insurance agent. Our comprehensive training program will equip you with all the skills that are required to deal with clients.

Moreover, you can also find online resources on our website to keep yourself updated with the latest product and service changes or additions. This way, you can perform better and acquire more clients.

Additional Resources and Tools: TATA AIG provides insurance agents with additional resources and tools beyond those provided during training. These additional resources will help them stay updated and ahead of competitors.

There are no limitations on how much an insurance agent can earn; it all depends on your skills in onboarding new clients. When you associate with TATA AIG, you are guaranteed to have work support that will assist you in your professional endeavours, such as providing agents with the necessary tools and resources to understand policy terms better so that they explain them better to the customers.

All these things ensure that you acquire as many insurance clients as possible, which will ultimately help you earn a good commission. Other than that, TATA AIG also believes in acknowledging and appreciating its dedicated agents. Thus, we also provide them with competitive commission percentages and recognition from time to time.

Overall, working as an insurance agent in Kanpur is a highly fruitful profession that any eligible individual can pursue.

Becoming a TATA AIG insurance agent in Kanpur will be a great career opportunity for you. By joining hands with one of the most reputable and trusted organisations, you can enjoy career growth and professional development. Moreover, as an insurance agent, you get the flexibility to work from any location as long as you are meeting your targets.

To become an insurance agent, you just need to follow the steps mentioned earlier for agent registration and get an agent licence. After that, you can connect with potential clients and sell them our insurance policies.

With every successful client onboarding, you ensure your commission for the contribution. This allows you to make a good livelihood and also helps insurance buyers find the right policy for themselves.