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How can I change my IRDA license?
Process of Transfer of License: To change you company, you need to get an NOC from your insurance company by putting in your resignation and then requesting them to forward the same to IRDA. Thus, you can cancel your license by simply writing a resignation with a valid reason.
What should I do after IRDA exam?
With the exam you’ve passed you can sell LIC policies only. To sell general insurance you’ve to pass IC 38 ( non life or composite ) exams. If you want to sell health insurance only apart from LIC then just enroll with any Stand alone health insurance company.
How do I change my insurance agency?
If you are not happy with the services of your insurance agent, you can change your health insurance agent at the time of renewal. All that is to be done is to inform your insurer about the new agent via a written letter along with your renewal cheque at the time of renewing your policy.
How do I resign from an insurance agent?
To do so, all they need to do is surrender their agency license with the existing insurer. The insurance company will issue a cessation certificate within 15 days from the date of surrender of agency license.
How can I get NOC from general insurance company?
Process for getting the NOC
- Obtain the required documents and copies thereof and fill the application form.
- Visit the RTO where the two-wheeler is originally registered.
- Submit the form and all required documents to the concerned officer.
- Pay the fees for getting NOC and submit the receipt with the form if needed.
Can I transfer my LIC policy to another agent?
There is no need and no provision to change your LIC agent, as there is no contract between you and an LIC agent. As far as a policyholder is concerned, the contract is with insurance company. The agent is just a facilitator. You have to contact concerned LIC office or nearby LIC office for specific details.
What is the benefit of IRDA exam?
IRDA Exam is conducted to recruit Insurance agents for various insurance companies. IRDA exam is also known as Insurance Agent Exam or IC-38 exam. Qualifying IRDA Exam will get an applicant a License of Insurance which will be valid for a period of 3 years.
What happens after you pass the insurance agent exam?
You’ve passed your insurance agent exam, and are ready to get your new career as an insurance agent started. Just because you’ve passed your exam, however, doesn’t mean that you’re a licensed insurance agent yet. There are several steps that need to be taken before you can legally sell insurance in your state.
When should I apply for my insurance agent license?
In order to start selling insurance as quickly is possible, newly approved insurance agents should apply for their license as soon as they can. In order to do so, they’ll need to follow the steps below.
What information do I need to apply for an insurance license?
As is customary with state licenses, insurance license applicants should expect to provide the state insurance office with identifying information, such as their social security number, photo identification, and fingerprints.