Imagine being able to work around your schedule and on your terms. Oh, and make extra money on top of that. Though this may sound too good to be true, we assure you, it is not. All you need is dedication, a few resources to help, and the confidence to believe it is possible for you. We are talking about earning extra income by becoming an insurance agent.
In this article, we will tell you how to become an insurance agent and what the salary of an insurance agent is.
How to Become an Insurance Agent Online?
The best way to become an insurance agent is by getting the POSP (Point of Sales Person) certification. This will give you the knowledge and skills needed to be successful in this field.
If you are interested in becoming an insurance agent but do not know where to start, here is some help. Here is a step-by-step guide that will get you up and running in no time.
- Step 1: Get your POSP certification
This is the most important step because it will teach you everything you need to know about selling insurance products. The certification includes both online and classroom training to match your needs.
- Step 2: Find an agency that offers good commission rates
Agencies vary widely when it comes to their commission rates, so make sure you do some research before choosing one. You should also ensure any agency that offers high commissions will also be able to support your needs if you decide to work with them long-term.
- Step 3: Start building your network!
The best way to build a network is through platforms like Facebook and WhatsApp. You can also leverage your existing social circle by spreading the word about the insurance products you sell and their importance to everyone.
Eligibility Criteria for Becoming an Insurance Agent
Here are the eligibility criteria you need to become an insurance agent.
- Your age must be 18 or above.
- You should have cleared your class 10 examinations.
- You need to have a PAN Card and an Aadhar Card.
- You need to undertake the mandatory 15-hour training offered by IRDAI (Insurance Regulatory and Development Authority).
Salary of an Insurance Agent in India
The salary of an insurance agent in India depends on the type of insurance, the sector, and the location. The average salary for an insurance agent in India is around INR 3 lacs per annum. If you are at the beginner’s level, you will likely make around Rs. 15,000 per month. That is not a lot of money, but it is a great entry point for someone who wants to get into the industry.
Once you have been at it for a few years, your salary will go up significantly. You can earn as much as Rs. 50,000 per month if you have 10+ years of experience and work at one of the top insurance companies in India.
Become an Insurance Agent Today with Choice Connect
Being an insurance agent in India can be a great way to earn a living. If you are looking for a job that will allow you to make money while working from home, this could be the perfect opportunity for you. There is no need to go into an office every day and deal with traffic or long commutes.
You can work from your computer at home and have the flexibility of choosing when and where you want to work each day. Another benefit of becoming an insurance agent is that it does not require a lot of education or training before starting this career path.
Choice Connect offers training programs for new agents. We help you know what to do before taking on clients and how much money to charge for your services.
This is a Guest Post.
Smrutirekha Bhoi