How to Become Insurance Agent in Pune

A POSP, or Point of Sales Person, is a specialised insurance agent authorised to sell straightforward insurance plans that offer both protection and tax benefits. POSPs primarily focus on pre-underwritten insurance products and policies that are standardised and easier to sell due to their simplicity and clear terms.

One key feature of POSP products is their approval by the Insurance Regulatory and Development Authority of India (IRDAI), ensuring they offer transparent, fixed benefits that customers can easily understand. These agents are restricted to selling low-risk, uncomplicated products, meaning they do not handle high-risk or customised policies.

An individual insurance agent is authorised to sell an extensive array of insurance products, both pre-designed and tailored, as approved by the Insurance Regulatory and Development Authority of India (IRDAI). Unlike POSP agents, if you become an insurance agent as an individual agent, you will be qualified to offer more complex and high-risk policies, allowing you to address a broader range of coverage needs.

They are allowed to work with one general insurance company, one life insurance company, and one standalone health insurance (SAHI) company simultaneously. These agents play an important role in guiding clients through various insurance options, providing personalised advice and insights to help clients make informed choices. Their expertise allows them to adapt policies to each client’s unique requirements, offering a high level of customisation and flexibility.

Becoming a general insurance agent with TATA AIG in Pune opens the door to a range of rewarding benefits. Here are a few of them:

Flexible Work Setup

As a TATA AIG insurance agent, you enjoy the flexibility to work from home or any location that suits you, which is especially beneficial if you are balancing other personal responsibilities. This freedom allows you to create your own schedule and prioritise your day, making it easier to manage both work and personal life without the constraints of a traditional office environment.

High Earning Potential

One of the main attractions of this role is the earning potential. Since your income is based on your performance, the more policies you sell, the more you can earn. With a strong demand for reliable insurance products in Pune, the opportunities for financial growth are significant, allowing you to achieve your income goals through dedication and effort.

Skill Development

Working as an insurance agent also means gaining valuable skills in sales, communication, product knowledge and client management. These skills not only enhance your effectiveness in this role but also contribute to your professional growth. Over time, these skills can open doors to advanced opportunities in the insurance and financial sectors, making this a solid stepping stone for future career growth.

Independent Career Path

As an agent, you are essentially your own boss. You decide how to approach clients, when to work and how to build your business. This level of independence fosters confidence and self-discipline, empowering you to take control of your career in a way that traditional jobs may not allow.

Reputable Brand Association

Being associated with TATA AIG, a respected name in the insurance industry, gives you an immediate edge in building client trust. Clients feel more confident working with agents backed by a reputable company, making it easier to establish credibility and a positive professional reputation.

If you are interested in becoming an insurance agent in Pune, meeting the eligibility criteria is essential. Candidates should have the minimum qualification for insurance agent and should have completed at least the 10th standard to qualify. And they must be at least 18 years old to begin their career as an agent.

-Background Check by TATA AIG

Before joining as an agent, TATA AIG conducts a thorough background check to ensure candidates meet high standards of professionalism and integrity. This process includes verifying the candidate’s educational qualifications, work history and any past associations in the financial or insurance sector.

-Exams and Training for Insurance Agents

Once the educational requirement is fulfilled, aspiring insurance agents must complete mandatory training programs and exams. For those who want to work as a POSP agent, a 15-hour training program is required, followed by an online insurance agent test provided by the insurer. If you wish to become an individual insurance agent, a more extensive 25-hour training program, followed by the IRDAI exam for insurance agent, is mandatory.

POSP agents are not required to meet a specific passing mark to qualify for the role. However, individual insurance agents must score at least 15% to be eligible.

This training covers core knowledge areas, including insurance products, sales strategies, and regulatory compliance. Upon passing the exam, candidates receive the insurance agent licence, qualifying them to sell various insurance plans, such as health, life and motor insurance.

-Digital Literacy Requirements

In today’s digital world, basic digital skills are also beneficial for insurance agents. Agents must be comfortable using online platforms to manage client records, access digital tools and complete documentation and sales processes digitally. Familiarity with digital systems can streamline operations, improve client interactions and make the sales process smoother.

To become an insurance agent in Pune, a few essential documents are required to complete the application process. Here is a list of what you will need:**

-ID Proof: A valid ID proof, such as an Aadhaar card, PAN card, passport or driver’s licence, is required to verify your identity.

-Passport Size Photographs: These are needed for the application process and will be used for your identification in official records.

-10th Class Marksheet: This serves as proof of educational qualification. Since a minimum education level of 10th standard is required to qualify as an insurance agent, submitting this document is mandatory.

-Cancelled Cheque: This helps in processing commissions and other payments once you start working as an agent.

Becoming an insurance advisor at TATA AIG brings many benefits, making it an ideal choice for those looking to build a rewarding career. Here is why joining TATA AIG is a great decision:

-Supportive Work Culture:

TATA AIG promotes a positive and growth-focused environment where employees are supported in their personal and professional goals. You will work alongside driven, like-minded colleagues who encourage and motivate each other to reach new heights.

-Career Advancement:

We prioritise career growth and offer numerous pathways to help you advance. With continuous learning opportunities and structured career development programs, TATA AIG supports your journey toward long-term success.

-Recognition and Rewards:

Hard work is celebrated at TATA AIG. Our rewards and recognition programs acknowledge your achievements and dedication, inspiring you to push your limits and strive for excellence continually.

-Learning and Development:

As part of our team, you will benefit from a rich learning environment, with access to product specialists, certified trainers and experienced agents. Every day will offer valuable chances to build your expertise, broaden your skills and deepen your understanding of the insurance industry.

-Digital Tools and Training:

In a rapidly digitalising world, TATA AIG equips you with cutting-edge digital tools and platforms. You will gain valuable digital proficiency, keeping you competitive and well-prepared for the modern insurance landscape.

TATA AIG welcomes a diverse range of individuals to become insurance agents in Pune. Here is a look at who can join our team:**

-Homemakers: Many homemakers possess excellent communication skills and a strong network, making them well-suited for the role of an insurance agent. If you are a homemaker, this opportunity will allow you to contribute to the family income while working flexible hours.

-Business Owners: As a business owner, you can leverage your existing client relationships to sell insurance products. Becoming an agent adds another revenue stream to your business while helping your clients secure valuable coverage.

-Retired Officials: Being a retired person can also allow you to earn money if you become an insurance agent. You will bring a wealth of experience and knowledge to the table. Your established networks and understanding of financial products can make you an ideal candidate for insurance agents, enabling you to continue contributing to society.

-College Students: If you are a college student and are looking for part-time opportunities, you can benefit from becoming an insurance agent. This role will provide you with valuable experience, enhance your resume and offer you a chance to earn while studying.

-Financial Advisors: Those already working as financial advisors can expand their service offerings by becoming insurance agents. This can add depth to your financial advice, helping clients secure both investment and insurance solutions.

"Working as an insurance agent with TATA AIG in Pune has exceeded my expectations. The training programs are comprehensive, giving me the confidence to advise clients effectively. I love the emphasis on continuous learning, which keeps me updated on the latest products and market trends. I truly feel like part of a family, and I am proud to represent a reputable company like TATA AIG." - Rajesh Deshmukh, Insurance Agent.

"I joined TATA AIG as an insurance agent in Pune, and it has been a transformative experience for me. The support and training provided by the company have equipped me with the knowledge and skills needed to excel in this field. TATA AIG truly values its agents, making it a fantastic place to grow professionally!" - Priya Sharma, Insurance Agent.

An agent registration with TATA AIG can offer a lucrative career opportunity for individuals looking to make a meaningful impact in the financial services industry. With a strong support system, comprehensive training and a diverse range of products to offer, agents can thrive while helping clients secure their futures.

By joining TATA AIG, you are not just starting a job; you are embarking on a rewarding journey that combines personal growth with financial success. Do not miss the chance to be part of a respected organisation that values its agents and empowers them to succeed. So, are you ready?