How to Become Motor Insurance Agent

TATA AIG is one of the leading insurance providers in the country, with a network of 1 lakh+ insurance agents. You can now join our ever-growing network and become a part of the most rewarding career path. As a TATA AIG motor vehicle insurance agent, you can enjoy financial independence along with flexibility, support and extensive training.

Becoming an insurance agent is an excellent opportunity to guide people in picking the right insurance product that suits their needs and budget. You can achieve all of this while still pursuing your studies, profession, business, etc.

Follow a few simple steps and begin your journey towards a brighter future.

Becoming a motor insurance agent with TATA AIG gives you an opportunity to guide the general public and help them pick the right insurance for their vehicle. Apart from this, one can also gain other benefits, as mentioned below:

Independent Working

Motor vehicle insurance agents can enjoy the benefit of working independently without any boss. They are free to work according to their schedule and time without reporting to anyone above them. Thus, a motor insurance agent is his own boss.

No Investment

Becoming a motor insurance agent is an opportunity with no investment, which is open to all individuals. All you require is a laptop or computer with an internet connection and you are set to start working.

Competitive Advantages

Joining TATA AIG as an insurance agent gives you a competitive advantage over others. You can leverage TATA AIGs strong brand presence in the country, extensive and useful training programs, competitive commission rates, etc. These factors will help you to build a successful career in the insurance industry.

Extensive Support

TATA AIG provides extensive support to agents through a precise training program to help them gain the required knowledge of the insurance landscape. Besides, agents get an opportunity to learn under the guidance of experienced and successful mentors for their professional development.

Trusted by Millions

The affordability and efficiency of the insurance plans have made TATA AIG a trusted name in the insurance industry. Millions of Indians trust us to secure their lives, property and assets.

High Income Potential

You can earn a high motor insurance agent commission while working with TATA AIG. The potential to earn is unlimited as the earnings are directly proportional to the number of policies sold. Thus, the more you sell, the more income you earn.

Comprehensive Training

You can access free online training conducted by insurance experts to enhance your skills and knowledge. With 15-25 hours of comprehensive training, you can become an insurance agent with TATA AIG.

Comprehensive Motor Insurance Plan

TATA AIG's comprehensive motor insurance plan is best suited for those motorists who are looking for a plan with extensive coverage. It offers own damage cover and third-party liability cover in a single plan protecting against damage from accidents, natural and man-made calamities, fire, theft, explosion, etc.

Features:

• Offers broader coverage

• Ideal for new car owners

• Best suited for regular drivers

Third-Party Motor Insurance Plan

The Motor Vehicles Act mandates that every vehicle owner have third-party insurance. It is the minimum coverage that every vehicle must have to ply on the roads legally. It provides financial assistance in case of any damage to third-party life, property, or vehicle.

Features:

• Protects against third-party liability

• Comes at a lower premium

• Limited coverage

• Ideal for old car owners (more than 5 years old)

Stand-Alone Motor Insurance Plan

With the TATA AIG stand-alone insurance plan, your vehicle is protected against damages from accidents, fire, theft, natural and man-made calamities, etc. However, the coverage of this insurance is limited to own damage and there is no protection against third-party liability.

Features:

• Affordable premium

• Suitable for new car owners

• Best for young drivers

• Provides limited protection

Other Insurance Products

Apart from the motor insurance products, TATA AIG provides other diverse insurance products such as travel insurance, accident insurance, marine insurance, etc. Each of these products is curated to protect the insured’s assets and properties against a host of uncertain and unfortunate events. For instance, travel insurance protects the insured on a journey by providing financial assistance in case of medical and other emergencies.

Those who aspire to become a TATA AIG insurance agent must meet a few eligibility criteria, as mentioned below.

Basic Eligibility Requirements

As per the IRDAI, any person who wants to become an insurance agent must meet the following basic eligibility requirements.

Minimum age requirement- A person must be at least 18 years of age to become an insurance agent. Thus, any adult can apply to become an insurance in India.

Education qualification- To become a motor insurance agent, one must have completed the 10th-grade education. Higher qualifications, such as 12th grade, are an added advantage for an individual.

Preferred Qualities

Possessing some added qualities apart from the basic ones mentioned above is a big plus for an individual who wants to work in the insurance industry. Possessing added qualities assists an individual in becoming a successful insurance agent. Some of the qualities are as follows:

Communication Skills: The ability to communicate clearly with clients is a very basic yet essential skill that an aspiring agent must have. It enables an agent to interact with the clients, convey the policy details and gather customer information efficiently.

Active Listener: Individuals who are active listeners make good insurance agents as they have the ability to listen and understand customer requirements. It helps them to assist the clients appropriately in choosing the right insurance.

Enthusiastic Learner: Being an enthusiastic learner is a beneficial skill for insurance agents. Since the insurance landscape is ever-evolving, one must have the enthusiasm to learn and stay updated with the latest developments, product knowledge, regulatory requirements, etc.

Customer-First Approach: Having a customer-first approach goes a long way in making a successful motor insurance agent. Paying attention to customer requirements and customer satisfaction is the fundamentals that one must follow.

Becoming a motor vehicle insurance agent with TATA AIG provides individuals with work flexibility, an opportunity to earn high commissions and a rewarding career. Freshers and experienced professionals can easily become insurance agents with TATA AIG by following the streamlined procedure mentioned below:

Step-by-Step Guide to Becoming an Agent

Step 1: Registration Process: Fill out the agent registration form with all the required information. Make sure to provide accurate details, such as your email address, phone number, etc.

Once you have completed the form, you must keep the necessary documents, such as PAN card, Aadhar card, bank documents and educational qualification certificates ready. Our representatives will reach out to you for further steps related to document submission.

Step 2: Training & Certification: All aspiring individuals must undergo the mandatory training required by the IRDAI. The training is an essential part of the process as it imparts knowledge of the insurance products, regulations, etc., which is critical when working as an insurance agent.

Step 3: Pass the Examination: After completing the training program, it is time to test your knowledge. The last step to becoming an insurance agent is to clear the exam. You must obtain the minimum marks to clear the insurance examination.

Step 4: Start Selling: Once you have cleared the examination and received your certificate, you can begin selling TATA AIG insurance products and advance in your career.

The entire insurance agent process is straightforward and requires minimal time. Here is the time required to complete the steps to become an insurance agent.

Registration: Registration is an online process which you can complete in 10-15 minutes.

Training and certification: Next is the training and certification, which must be completed as per the guidelines set by the IRDAI. The duration of training may vary between 15-25 hours depending on the type of insurance agent you wish to become.

Examination: After completion of the training program, you must register for the examination within one year.

Licence: After you have passed the examination, you must apply for the insurance agent licence. It may take 1-2 weeks for the licence to be issued.

Thus, the entire process of becoming an insurance agent can be completed within a few weeks, after which you can start your career and earn a good living.

About TataAIG

TATA AIG, an insurance company, started its operation in India in 2001. It is a joint venture between the TATA Group and American International Group (AIG). TATA AIG is one of the most trusted and reliable insurance companies in the country. It was established with a mission to deliver unique risk solutions to customers and provide them with peace of mind.

The company has progressed over 24 years with a vision to care for the customers and offer them innovative products. Its core values include empathy, passion, integrity, performance and putting people and customers first. The company is trusted by millions of customers for products across various ranges, including home insurance, motor insurance, travel insurance, health insurance, etc.

Awards and Recognitions

Our awards and accolades speak volumes for our brands. Some of the awards include:

Benefits for Experienced Agents

Fast-Track Onboarding: Experienced agents enjoy the added advantage of fast-track onboarding with TATA AIG. Since no exam or training is required, experienced agents can immediately start selling the products.

Opportunity to Earn Higher Commissions: TATA AIG appropriately rewards experienced agents with a commission to match their calibre. Those with experience in the insurance sector can earn competitive commission rates upon joining.

**Opportunities for Freshers **

Emphasis on Learning: If you are a fresher, TATA AIG offers you an excellent learning opportunity. We emphasise learning to ensure you are equipped with in-depth knowledge of the insurance industry, products and regulations.

Training: We also assist the freshers with a meticulously designed training program to help them build the necessary skills and learn from certified insurance agents.