How to Become Insurance Agent in Patna

A point of salesperson, or POSP, is a licenced professional who is authorised to sell pre-written insurance plans to customers. They are the insurance company's representative and sell their insurance plans to customers.

However, to become an insurance agent, they need to meet the eligibility criteria and pass the exam for an insurance agent. Only after passing the exam, they can get an insurance agent licence. Additionally, a POSP can work for a single insurance company at a time.

An individual insurance agent is also a licenced professional who sells pre-written and customised insurance plans to customers. A customised plan is basically an insurance policy designed based on the consumer’s needs and requirements.

These licenced professionals can work with one standalone health insurance (SAHI), one general insurance and one life insurance company at a time. To become an individual insurance agent in Patna, applicants need to complete the mandatory training and pass the insurance agent test.

Becoming an insurance agent in Patna is a great career option and offers a wide array of benefits to individuals. Some of the benefits are listed below:

High Earning Potential

One of the benefits of being an insurance agent in Patna is the high earning potential. The insurance sector's earning is commission-based, meaning the more policies you issue, the higher your commission. This offers a promising income opportunity for those who are willing to put in the effort.

No Time Constraint

Another significant advantage for general insurance agents in Patna is the flexibility to work on their own schedule. Unlike traditional jobs, insurance agents are not bound by fixed working hours, giving them the freedom to manage their work and personal life at their convenience.

Work From Home**

For many, the idea of working from the comfort of their home is appealing. As an insurance agent in Patna, you have the opportunity to work from home, eliminating the need for daily commutes and providing a comfortable work environment.

The IRDAI decides specific eligibility criteria for becoming an insurance agent in India, including Patna. These eligibility criteria details are mentioned below:**

General Eligibility Requirements

-Minimum Age: Applicants who want to become insurance agents in Patna must meet the minimum age criteria, which is 18 years.

-Educational Qualification for Insurance Agent: Another criterion applicants in Patna need to meet is the educational qualification, which is, at least passing a 10th class.

-Insurance Training: If applicants pass the above two criteria, they can register as insurance agents, but they also need to complete the mandatory insurance training from an IRDAI-approved institute.

-IRDAI Exam for Insurance Agent: After finishing the insurance training, applicants need to pass the exam for insurance agent to acquire a licence.

POSP agents have to appear in an online exam from the insurer, however, they do not need to achieve a particular passing score to qualify for the position. In contrast, individual insurance agents must attain a minimum score of 15% in the exam conducted by IRDAI to be eligible.

Applicants in Patna need to submit the following documents to become an insurance agent:

• Copy of 10th class mark sheet.

• Copy of PAN card

• Address proof such as Aadhar card, utility bills, driving licence, etc

• Identity proof such as Aadhar card, etc

• Bank account details and a cancelled cheque

The process of becoming a general insurance agent in Patna with TATA AIG is straightforward. Here are the steps you need to follow to become an insurance agent:

-Step 1: Online Registration Process

To become an insurance agent in Patna with TATA AIG, visit our official agent registration page. Fill out the insurance agent registration form with the name, address, mobile number, etc., and click on the “Proceed” button.

-Step 2: Complete the Training Program

Once the registration process is complete, applicants need to obtain insurance training from an IRDAI-approved institute to learn about insurance laws, types, processes and more. The insurance training duration is typically 15 hours for POSP agents and 25 hours for individual insurance agents.

-Step 3: Obtain the Licence

Applicants need to finish the insurance training on time. After completing training, they need to take an insurance agent test. Once they acquire passing marks, they can get an insurance agent licence from IRDAI.

-Step 4: Start Selling Insurance Products

After getting an insurance agent licence, applicants can sell TATA AIG insurance plans to customers. Furthermore, to become a successful insurance agent, applicants are advised to work on improving their communication and people skills.

Becoming an insurance agent in Patna is easy; anybody can give it a shot. Here are a few examples of people for whom the insurance agent job is most suitable:

College Students

Generally, college students are suitable candidates for applying for an insurance agent job in Patna because they often look for a source of income to manage their expenses. Also, the job can be done part-time while they pursue their educational courses.

Sales Person

Those who are already in sales or marketing have good command over communication and people skills, so they can sell insurance plans to customers more effectively. Therefore, giving a try to an insurance agent in Patna is a suitable option.

Homemakers

Homemakers often look for ways to earn money without disturbing their day-to-day responsibilities. For such individuals, becoming an insurance agent is a good choice as it allows them to earn money along with their family responsibilities.

When it comes to becoming an insurance agent in Patna, TATA AIG stands out with its household name and the various benefits it offers.

• Individuals do not prefer to buy insurance plans from a company that is not well known. So, as a TATA AIG insurance agent, you will sell insurance plans from a reputed and trusted brand to customers.

• At TATA AIG, we value growth and learning. Therefore, we offer the TATA AIG academy program to insurance agents to upskill themselves.

• We believe in a long-term association with our insurance agent, so we offer a plethora of opportunities to grow and learn.

• We appreciate and reward the hard work of insurance agents, so we have a reward and recognition program.

The income of an insurance agent may vary depending on the type of insurance plans they sell. Generally, the income is commission-based, which means the insurance company decides the commission on the insurance plans.

So, to earn a high income, the insurance agent needs to sell more plans in a month. The more they sell or issue policies, the higher their income will be.

Being an insurance agent in Patna is a rewarding career for individuals who want to earn a high income but also want to make a mark in society. By being an insurance agent, you help the individual in making the right financial choices. You can help them choose the right insurance plan based on their requirements. Plus, it also offers you the freedom to work on your conditions and timings.

With this in mind, if you are considering becoming a general insurance agent in Patna, then become an agent with TATA AIG. We offer a growth-focused environment to all our insurance agents. So, sign up to the agent registration page now!