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What is the procedure to become an agent in insurance?
Procedure to become an Insurance Agent The training is to be a 15 hours course and can be completed within two to three days. Post completion the applicant will be provided with a certificate. License Exam: Once the applicant is done with the training, they must sit through a pre-licensing exam and qualify it.
Do insurance agents make good money in India?
The highest salary for an Insurance Agent in India is ₹34,813 per month. The lowest salary for an Insurance Agent in India is ₹6,346 per month.
Who is the highest paid insurance agent in India?
Lachman Das Mittal is among 828 individuals with wealth of over Rs. 1,000 crore: IIFL Wealth Hurun India Rich List 2020.
What is insurance agent salary?
An entry-level Insurance Agent with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of ₹201,341 based on 17 salaries. An early career Insurance Agent with 1-4 years of experience earns an average total compensation of ₹239,808 based on 29 salaries.
How can I become a LIC agent?
Visit the official website of LIC at https://www.licindia.in/.
- Click ‘Agents Portal’ under Online Services menu tab.
- Select role as ‘Agent’.
- Enter Agent Code/Email/Mobile Number.
- Enter password and date of birth.
- Click ‘Sign In’ to proceed.
How to become a certified insurance agent in India?
To become a certified insurance agent, one must get the license approved from Insurance Regulatory and Development Authority of India (IRDAI). This can be obtained by qualifying the mandatory exam, i.e. IRDAI IC 38 pre-recruitment qualifying exam.
How do I become an insurance agent?
The easiest way to become an insurance agent is by completing your POSP certification. A POSP (Point of Sales Person) is the name given to an insurance agent who can sell specific insurance products. To become a POSP, you only need to have the minimum educational qualifications required by the IRDAI and undergo training provided by us.
What is the category of an insurance agent in India?
*Disclaimer – There is no specific category for Agents. If you register for becoming a general Insurance agent, you can sell all general insurance products. The Indian general insurance industry grew by 14.5\% last year alone. ( 1 ) The total premiums underwritten by India’s non-life insurers stood at INR 1.59 trillion in 2019.
How to become an insurance agent/Pos?
According to IRDAI guidelines, any individual who wants to become an insurance agent must fulfil the below mentioned criteria: An Insurance Agent/POS should have bachelor’s degree (graduate). However, in some cases, someone who has passed out of school but has significant talent and experience in sales may also be able to become an agent.