How to Become Insurance Agent in Lucknow

POSP also refers to a point-of-sales person, who is a representative of an insurance company. The job of the POSP insurance agent is to sell basic or pre-written insurance plans to customers.

These are authorised persons who have passed the online assessment conducted by an insurance provider and acquired a licence. The insurance agent licence ensures that the person can sell different insurance plans to customers without any worry.

There are different types of insurance policies available; the POSP insurance agent in Lucknow can choose the niche, such as health, motor, etc., based on their interest. POSPs can work for a single insurance company at a time.

An individual insurance agent, as a representative of an insurance company, plays a crucial role in the lives of their clients. These professionals can work with one life insurance, one general insurance and one standalone health insurance at a time.

Their job is not just to sell pre-written insurance products, but also to craft customised insurance plans that perfectly align with the customer’s interests, ensuring they get the best coverage possible.

This will help in choosing the customers' plans that best fit their requirements. However, to become an individual insurance agent, applicants need to pass the IRDAI exam for insurance agents. The IRDAI conducts this exam, and applicants can only acquire an insurance agent licence after passing the test.

There are various benefits of becoming a general insurance agent in Lucknow, such as:

-High Income

One significant benefit of becoming an insurance agent in Lucknow is the high income. The earnings of an insurance agent are commission-based, which means the more insurance plans you sell, the higher the income will be. Furthermore, you can also do insurance agent work part-time aside from your regular job.

-Flexible Hours

Another benefit of becoming a general insurance agent in Lucknow is the flexible hours. You do not need to pull 8 to 9 hours like your regular job. You can work on your flexibility and capacity with no pressure.

-Be Your Boss

Being an insurance agent comes with the freedom of being your own boss. Unlike regular jobs, where you are constantly being watched, insurance agents can work on their own terms. This means you have the freedom to decide when and how you want to work.

-Work From Home

Self-employed people or homemakers consider becoming insurance agents because they have the flexibility to work from home. You do not have to go outside like a regular job; you can easily work from home without affecting your day-to-day responsibilities.

Becoming an insurance agent in Lucknow is simple as long as you meet the eligibility criteria. Below are the requirements you need to meet first to become an insurance agent:**

-Minimum Age: Age is the essential requirement to become an insurance agent. Applicants who are applying for the role need to be at least 18 years old.

-Educational Qualification: Another crucial requirement is necessary educational qualification for an insurance agent. Applicants should have passed the 10th-class examination.

-Training: Another crucial requirement to acquire an insurance agent licence is to complete the mandatory training from an IRDAI-approved institution. The training duration is 15 hours for POSP agents and 25 hours for individual insurance agents.

-IRDAI Exam for Insurance Agent: After completing the training, applicants also need to pass the insurance agent test from the insurer or IRDAI (as applicable) to get a licence. This will help determine whether the applicant has sufficient knowledge to become an insurance agent.

POSP agents have to appear in an online exam from the insurer, however, they do not need to achieve a particular passing score to qualify for the position. In contrast, individual insurance agents must attain a minimum score of 15% in the exam conducted by IRDAI to be eligible.

To become an insurance agent in Lucknow, applicants need to submit the following documents during the registration process.

• Coloured photographs

• A cancelled bank cheque

• Copy of PAN card

• Address proof such as aadhar card, passport, etc.

• 10th pass certificate

To become a member, applicants need to follow the insurance agent registration process with TATA AIG. The steps are below.

-Step 1: Online Registration Process

To become an insurance agent with TATA AIG, go to the official website and click on the agent registration page. On the registration page, fill out the basic details like name, email address, contact number, etc. After filling in the details, click on the “Proceed” button.

-Step 2: Complete the Training Program

After finishing the registration process, applicants also need to complete the mandatory 15-hour training for POSP insurance agent and 25-hour training for individual insurance agent. The training covers insurance regulations, types, etc. Once they have completed the training, applicants must also pass the exam for insurance agent.

-Step 3: Obtain the Insurance Agent Licence

After passing the exam for insurance agents, applicants are eligible to acquire an insurance agent licence. This licence is issued by the IRDAI and allows a person to sell insurance plans to customers.

-Step 4: Start Selling Insurance Products

After successfully passing the exam and acquiring a licence, applicants can now work as a TATA AIG insurance agent, and they can freely sell the insurance plans to customers.

There are no particular criteria for becoming an insurance agent in Lucknow, except for the basic requirements. This means that if you are 18 years of age and have passed the 10th class, then you can apply for an insurance agent position.

Here are a few examples of who all can become an insurance agent in Lucknow:

-Homemakers:

Homemakers or housewives who are looking for a way to earn money can also try an insurance agent job. The job will allow them to earn money and contribute to family finances without disturbing their household responsibilities.

-College Student:

College students who are pursuing studies often look for ways to earn money. Becoming an insurance agent is also a great option for them, as it not only helps them earn money but also builds a network that may be helpful after college.

-Elderly or Retired Individuals:

Elderly or retired professionals often get bored when they do not have to go to work. For such individuals, an insurance agent job is suitable as it will help them stay occupied. It also helps them explore new opportunities and connect with new people.

If you are considering opting for a career as an insurance agent in Lucknow, then TATA AIG is a suitable choice. Below are some of the benefits of becoming a TATA AIG insurance agent:

• TATA AIG is a well-known insurance provider in the market, so when you sell our insurance plans to your customers, you will be securing their future.

• In these times when the jobs are uncertain, we at TATA AIG look for long-term association with our insurance agent.

• We offer a TATA AIG academy platform designed for insurance agents to upgrade their skills.

• Recognising the efforts of our insurance agent is crucial for us, so we have a reward and recognition program to award hard-working agents.

The insurance agent's earnings depend on how many insurance plans they sell in a month. Most insurance providers have a commission-based system on the specific insurance policies.

The more they sell in a month, the more their income will be. Plus, insurance providers also offer incentives and bonuses to hard-working insurance agents.

Being an insurance agent in Lucknow is a great way to earn some extra money. Anybody can be an insurance agent as long as they meet the criteria. Applicants only need to be 18 years of age and have a 10th pass marksheet. Further, they also need to complete the mandatory training and pass an insurance agent test to acquire a licence.

So, if you are considering becoming an insurance agent, TATA AIG invites you. We are a reputable insurance brand with over 20 years of experience in the market. Visit our agent registration page and complete the procedure now.