How to Become Insurance Agent in Varanasi

A POSP Insurance Agent is a licensed individual who can sell predefined, standard insurance policies like motor, health and travel insurance. However, they are not authorised to sell customised or high-risk plans. Also, they can work with just one insurer at a time.

As a POSP (Point of Sales Person) insurance agent, you will be a certified professional authorised to sell insurance products directly to consumers on behalf of insurance companies.

However, their role is limited to offering policies that have already been designed by the insurance company, ensuring they follow the company's guidelines and underwriting rules. POSP agents are not equipped to assess or handle complex insurance needs, such as tailoring policies to individual requirements or dealing with high-risk cases, which require specialised knowledge and approval from the insurer.

An individual insurance agent is a licensed professional authorised to sell a wide range of insurance products, including both pre-designed and customised policies, as approved by the Insurance Regulatory and Development Authority of India (IRDAI).

Unlike POSP agents, individual agents can offer more complex and high-risk plans, catering to a wider variety of coverage needs. They play a very important role in providing personalised advice and guidance, helping clients choose the best policies based on their specific needs. Also, they are allowed to collaborate with one general insurance company, one life insurance provider and one standalone health insurance (SAHI) company simultaneously.

With their expertise, individual agents can customise insurance plans, offering flexibility and tailored solutions for their clients.

To become an insurance agent in Varanasi with TATA AIG, you will have to pass exams for insurance agent as mandated by IRDAI. And once you have the licence, you can enjoy the following benefits:**

-Expand Your Earning Potential: With TATA AIG, you can increase your income by offering a diverse portfolio of insurance products, from health and motor to travel insurance. This variety enables you to reach more clients and meet a broader range of needs, maximising your earning opportunities.

-Empower Clients’ Financial Security: As an insurance agent, you play a vital role in helping clients secure their financial futures. By offering tailored insurance solutions, you give clients peace of mind, protecting them against unforeseen risks and strengthening their financial stability.

-Professional and Personal Growth: Joining TATA AIG as an insurance agent is more than a job—it is an opportunity to develop valuable skills that enhance both your professional and personal life. Through hands-on experience, you will refine your communication, sales and customer service abilities, preparing you for continued success.

-Recognition on a Bigger Stage: As part of TATA AIG, you will have opportunities to be recognised at regional, national and global forums, showcasing your hard work and dedication. This visibility can open doors for future career growth and affirm your success within the industry.

-Direct Partnership with TATA AIG: Join TATA AIG as an agent and work directly with us - no middlemen, just a trusted connection with one of India’s most respected insurance providers. Benefit from our longstanding reputation for reliability and excellence in the insurance industry.

Becoming an insurance agent in Varanasi can be a rewarding career choice, offering opportunities for growth and financial stability. To embark on this journey with TATA AIG, it is essential to understand the eligibility criteria involved.

-Here are the qualifications for insurance agent application in India:

-Age Requirement: To become an insurance agent, candidates must be at least 18 years old. This age requirement ensures that you possess the maturity and responsibility necessary for this role.

-Educational Requirements: To start a career as an insurance agent, you will need at least a high school pass certificate.

-Licencing Requirements: Familiarise yourself with the licensing requirements specific to Varanasi or the region in which you plan to work. We will guide you through the licensing process if you are hired. You will need to earn an official licence from the Insurance Regulatory and Development Authority of India (IRDAI) to operate as an insurance agent.

-IRDAI-Mandated Training: IRDAI requires prospective POSP insurance agents to undergo 15 hours of basic training by the insurer and a 25-hour long training for an individual insurance agent.

-Pass the Licencing Exam: After training, you must pass a qualifying insurance agent test. For POSPs, the exam is conducted by the insurer. Meanwhile, the IRDAI conducts the licensing exam for individual insurance agents.

The IRDAI exam for insurance agent assesses your knowledge, and passing the test is mandatory to secure your insurance agent licence. With IRDAI certification, you will be ready to start your journey as a certified insurance agent.

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

To become a licensed insurance agent in Varanasi, you will need to gather and submit several important documents. Here is a list of the essential paperwork required for the application process:**

-Educational Certificates: Provide copies of your educational qualifications, including your high school diploma and any relevant degrees.

-Age Proof: Submit a document verifying your age, such as a birth certificate, school leaving certificate or any government-issued ID that clearly indicates your date of birth.

-Identity Proof: Present a valid photo ID, such as an Aadhar card, passport, voter ID or driver’s licence, to confirm your identity.

-Passport-Size Photographs: You will need a few recent passport-size photographs for identification purposes and to accompany your application.

-Cancelled Cheque: You will also need a cancelled cheque from your bank account to provide your banking details. This is often required for direct deposit of commissions or other payments related to your insurance activities.

Joining TATA AIG offers numerous benefits that can enhance your career as an insurance agent. Here are some of the reasons why you should join us:**

-Career Development: Joining TATA AIG offers extensive career development opportunities. We also provide ongoing training and resources to help you enhance your skills and advance in your profession.

-Flexibility to Work: As an insurance agent, you enjoy the flexibility to set your own schedule. This allows you to balance work and personal commitments effectively, empowering you to manage your time according to your lifestyle.

-Global Recognition: TATA AIG is recognised on global forums, adding prestige to your career. Being part of a renowned company enhances your credibility and opens doors for new opportunities.

-Supportive Team: TATA AIG's supportive team is dedicated to helping you succeed. Access to a network of experienced professionals means you will have guidance and assistance whenever needed.

-Innovative Technology: TATA AIG values innovation and utilises advanced technology to streamline processes, making your work more efficient. By joining us, you are embarking on a rewarding career path with plenty of opportunities for growth and success.

Anyone aged 18 or older and has basic qualifications can become an insurance agent with TATA AIG in Varanasi. This inclusive approach opens doors for individuals seeking a rewarding career in insurance. Here are a few of them:**

-Homemakers: They can take advantage of this flexible career to earn an income while managing household responsibilities. As an insurance agent, they can work at their own pace, making it an ideal option for balancing work and family life.

-College Students: They are encouraged to join TATA AIG as insurance agents. This role provides valuable experience and financial support while pursuing their education. It is an excellent way to gain insights into the insurance industry and develop essential skills for future career opportunities.

-Retired Persons: These individuals can find this role fulfilling and engaging. It allows them to remain active and share their knowledge with clients. It offers an opportunity to contribute to society while earning a supplementary income.

-Business Persons: Anyone looking to diversify their income streams can benefit from becoming an insurance agent. This role complements their existing business activities and helps them expand their professional network.

"As a retired person, I was looking for a way to contribute to my family's finances without sacrificing my time at home. Joining TATA AIG as an insurance agent has been a life-changing experience for me. The flexibility to work from home has allowed me to balance my responsibilities while earning a decent income. It is fulfilling to know that I can make a difference in people's lives while achieving my personal goals." - Anita Sharma, Retired Govt. Employee from Varanasi.

"Becoming an insurance agent with TATA AIG has been an incredible opportunity for me as a small business owner in the city. Not only has it provided me with a source of extra income, but it has also equipped me with essential skills in communication and financial planning. Being part of TATA AIG has boosted my confidence, and I am excited about what is in store for me in the future!" - Rajesh Singh, Small Business Owner in Varanasi.

If you are eager to embark on a rewarding career with TATA AIG, agent registration is simple and accessible. Begin by collecting the necessary documents, ensuring you meet the eligibility criteria and completing the IRDAI-mandated training offered by TATA AIG.

Each step you take will equip you with the knowledge and confidence to excel as an insurance agent. Do not miss this opportunity to join a dynamic team where you can enjoy flexibility and make a positive impact on people's lives.

Register with us today and step into a fulfilling career in the insurance sector!