Insurance as we know is a security to protect us in a difficult or unforeseen situation. There are many types of insurance that one can avail,
There are many subtypes and a lot of companies offer customized products too.
Who is an Insurance agent?
An Insurance agent works or represents an insurance company and is a point of contact for individuals looking for insurance. They explain various types of insurance products and help the buyer pick the one that is best for them. They also do the documentation part and support as a POC for policyholders during the term of the policy.
What does an Insurance agent do?
India being a really competitive and price-sensitive market, some people would say that they want the cheapest insurance, and the agent will likely ask them, ‘’Think about what would happen if you had to make a claim? Would you want the policy with the best price or best benefits?” This usually tells them that the agent has their best interests in the heart because when the customer needs to make a claim, the agents can help begin that process.
The great thing about Insurance agents is having the opportunity to help someone who’s going through a tough time; to turn someone’s day around.
Difference between Agent and Broker?
The agent directly works on behalf of or represents an insurance company. The Broker works on behalf of or represents an insurance buyer (you)
There are 2 types of agents,
How to become an Insurance Agent?
Being an Insurance agent can be a really rewarding career choice. Once you have decided to become an insurance agent, you need to register with the Insurance Regulatory and Development Authority of India or IRDAI. One needs to fill the required forms, upload, and pay. Post-registration, the exam date, and timing are conveyed to the applicant.
IRDAI even provides study materials to candidates in various languages to make it easier for them.
What are the benefits of becoming an insurance agent?
Being an insurance agent can be really productive and anyone can do it. Retired people to homemakers can have a great source of Incomes, besides the eligibility criteria is minimal (10th Pass) so what are you waiting for? today!