user
satish pandet

Question

I WANT TO BECOME GENERAL INSURANCE AGENT, WHICH COMPANY IS BETTER & WHAT IS THE PRCODEURE.

  • Asked By: satish pandet
  • On: 20th Aug 2011 6:24 PM
  • Answered Within: 1 Days
expert
MIC Expert

Answer

To become an advisor you need to be at least 18 years old, have the relevant age, identity and address proofs, and is at least Class 12 pass.

Then, you need to analyse whether you have a good enough market and will be able to sell insurance as becoming an agent and then you are not able to sell insurance policies, actually doesn’t make sense. 

Then, you need to fill up the relevant forms along with Yellow Form for IRDA Registration with the Insurance Company you wish to join. For an agent to start sourcing business, he needs to have an IRDA license under any Insurance Company. To acquire this license you need to complete 50 hours of mandatory training from that insurance company. Only once the training is completed you will be issued a Training Completion Certificate from that Insurer to sit for the online or offline IRDA exam. Then you need to score 50% to pass the test. Once you pass the test, you will be issued an IRDA License and then you can start sourcing business for the Insurance Company you are registered with.

You may choose to become an agent of an insurer in which YOU believe in and the products of whichever insurer you will be able to sell. You can choose from National Insurance, Apollo Munich, Oriental, New India Assurance, etc.

  • Answered By: MIC Expert
  • On: 22nd Aug 2011 2:35 PM
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