Finding well-paying, full-time employment can be hard for college students. If you are looking for a suitable part-time job, becoming a POSP insurance agent might be your best bet.
As an agent, you can work on both commercial and personal insurance coverage. You will understand what the clients want, do their paperwork, and become an intermediary between them and insurance companies. Let’s look at how you can become a POSP insurance agent while still studying.
Procedure for Becoming an Insurance Agent
Here is a step-by-step procedure for becoming an insurance agent. All you need to do is follow the steps mentioned below.
Register with the IRDAI (Insurance Regulatory and Development Authority in India). You can do it online or through their registered centers. However, the online option is more convenient. You will need to fill out an application form and submit it with all the required documents.
Get online or offline training
Get online or offline training to prepare yourself for the exam. The course focuses on insurance products and services. It also includes regulatory issues such as licensing requirements and laws regarding client protection measures like minimum sum assured policies.
You can attend the exam at the centers specified by the IRDAI (Insurance Regulatory and Development Authority in India). You need to obtain minimum passing marks to clear the examination. The exam usually has objective-type questions.
After you have passed the exam, you can apply for a license from the IRDAI office. You will need to submit proof that you have passed the exam, and you will also need to provide documentation on your educational background and work experience, as well as proof of residence in India. You will also need to pay a fee for your application.
Documents Required for Becoming an Insurance Agent
Here are the documents you need to become an insurance agent in India.
- Aadhaar Card
- PAN Card
- Address proof (electricity bill, telephone bill)
- Education proof (higher education certificates)
Benefits of Becoming an Insurance Agent
Students, who are considering becoming insurance agents, are in a great position to move into the future of the industry, which is currently focused on collaboration and customer service. If you are looking for an opportunity where you can be your boss, make a difference in people’s lives, and have fun doing it, becoming an insurance agent might be just what you are looking for.
Here are some of the benefits of becoming an insurance agent:
You will never have a shortage of work. There are several types of insurance and there will always be someone who needs them. You can even specialise in one area or another to focus on something that interests you most.
You will get to help people with their biggest financial concerns and sometimes those concerns are ones they do not want anyone else to know about. That makes this job both challenging and rewarding.
The sky’s the limit when it comes to earning potential as an insurance agent. Your salary could be determined by how much business you bring in (rather than by how many hours you work), so there is no limit on how much money you could make if your business takes off.
Become an Insurance Agent Today with Choice India
You can start earning money by becoming an insurance agent today with Choice India. We are looking for motivated individuals to become licensed sales agents to sell insurance products. You will be eligible to earn commissions on all policies sold. We offer competitive commissions, a great sales toolkit, and excellent training. Contact us today to know more details on how to become an insurance agent.