The demand for insurance is growing in India as more people realize the importance of securing their health, life, and property. With this rise, the need for trusted insurance agents has also increased. If you are looking for a flexible career or an extra source of income, becoming an insurance agent could be a smart choice.
In this blog, we will guide you through the simple process to become agent for insurance, explain the eligibility criteria, and discuss the benefits and responsibilities of the role. Whether you are a student, a homemaker, a working professional, or a retiree, you can start your journey in the insurance sector with minimal effort.
What Is an Insurance Agent?
An insurance agent is a person authorized by a licensed insurance company to sell insurance policies to customers. These policies could be for life, health, vehicles, travel, and more. Insurance agents act as a bridge between the company and the customer, helping people choose the right plan based on their needs.
You can work as a:
Life insurance agent
Health insurance agent
General insurance agent
POSP insurance agent (Point of Sales Person)
Each type has its own product range, but the process to become an agent is quite similar.
Why Become an Insurance Agent?
There are many reasons why people choose to become agent for insurance:
Low Entry Barrier: No high education or investment needed.
Flexible Working Hours: Work at your convenience.
Work from Anywhere: You can sell policies online or offline.
Attractive Commission: Earn income from each sale.
Growth Opportunities: Build a long-term career and grow your network.
Personal Satisfaction: Help people protect their lives and assets.
If you're looking for a career that gives you both financial rewards and job satisfaction, becoming an insurance agent is a strong option.
Who Can Become an Insurance Agent?
The best part about this field is that almost anyone can become an insurance agent, as long as they meet a few basic requirements.
Basic Eligibility:
Minimum Age: 18 years
Education: Must have passed Class 10 (Matriculation)
ID Proof: PAN Card, Aadhaar Card
Address Proof
Bank Details (to receive commissions)
Ideal for:
Students above 18
Homemakers
Retired persons
Working professionals
Shopkeepers and freelancers
Even if you have no prior sales or insurance experience, you can still apply and succeed.
Steps to Become an Agent for Insurance
The process is simple and can be done mostly online. Here’s a step-by-step guide:
Step 1: Choose an Insurance Company or Broker
Decide whether you want to work directly with an insurance company or through an IRDAI-licensed insurance broker. Many companies also offer POSP programs that are easy to join online.
Step 2: Fill Out the Application Form
Visit the website of the company or broker and fill out a basic registration form. This usually asks for:
Name
Mobile number
Email ID
Location
Educational details
Step 3: Submit KYC Documents
You’ll need to upload scanned copies of:
PAN card
Aadhaar card
Passport-size photo
Class 10 certificate
Cancelled cheque or bank passbook copy
These documents are used to verify your identity and education.
Step 4: Complete the Training
As per IRDAI (Insurance Regulatory and Development Authority of India) guidelines, you must complete:
15 hours of online training for regular agents
Short training for POSP insurance agent roles
The training covers:
Basics of insurance
Different policy types
Legal rules and ethics
Sales practices and customer handling
Step 5: Take the Exam
Once training is complete, you will be asked to take an online exam. It consists of multiple-choice questions based on what you learned in training. The exam is simple, and passing it will qualify you to get your agent license.
Step 6: Receive Agent Code and Start Selling
After passing the exam, you will get your agent code or POSP ID, which allows you to log in to the insurance platform and start offering policies.
You can now officially become an agent for insurance and start earning commissions for every policy you sell.
What Does an Insurance Agent Do?
The role of an insurance agent is both customer-facing and advisory. Here are the key duties:
Understand client needs
Suggest suitable insurance plans
Explain the terms and conditions clearly
Help with documentation and application
Offer after-sales support and claim assistance
Build long-term relationships with clients
Agents play an important role in spreading awareness and trust about insurance products.
What Is a POSP Insurance Agent?
A POSP insurance agent (Point of Sales Person) is a new category created by IRDAI to make insurance sales easier and more accessible. POSP agents can sell simple, pre-approved insurance products like:
Motor insurance
Health insurance
Term life plans
Travel insurance
The benefit of becoming a POSP agent is that the products are easy to understand, the process is quick, and you can sell policies digitally.
If you’re looking to start quickly and with minimal training, becoming a POSP agent is a great option.
Income and Commission Structure
As an insurance agent, your income is based on how many policies you sell and what type they are. Here’s an idea:
Life insurance: 20%–30% on the first year’s premium
Health insurance: 15%–20% commission
Motor insurance: 10%–15%
You also earn renewal commission for many life and health policies, giving you long-term income.
Benefits of Becoming an Insurance Agent
No fixed office required
No targets or pressure (for many brokers)
Training and marketing support are available
Access to a wide product range
Unlimited earning potential
You control your time, income, and growth.
Tips for Success as an Insurance Agent
Build trust with your clients
Keep learning about new policies
Follow up with leads regularly
Use digital tools to sell online
Stay updated with IRDAI rules
Always offer honest advice
These habits will help you grow your client base and improve your earnings.
Conclusion
Becoming an insurance agent in India is now easier than ever. With a simple process, online registration, and flexible working style, anyone who is willing to learn can succeed in this field. Whether you want to become an agent for life insurance, general insurance, or a POSP insurance agent, the opportunity is open to you.
If you meet the basic eligibility and are looking for a stable, income-generating career path, don’t wait. Choose a trusted insurance provider or broker, complete your training, and start your journey as an insurance agent today.
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