How to Become Insurance Agent in Surat
At TATA AIG, we believe in fostering a culture of mutual growth and success with our insurance agents. As a TATA AIG insurance agent in Surat, you will have the opportunity to build a fulfilling career, guiding individuals and businesses towards financial security with trusted insurance solutions.
Whether you are starting your career or looking for a fresh challenge, becoming a TATA AIG insurance agent allows you to make a difference in people's lives while achieving your own professional goals. Also, you will have the choice to become either a POSP insurance agent or an individual insurance agent.
With comprehensive training, personalised support and an extensive range of insurance products to offer, we equip you with all the tools you need to thrive.
Read on to learn how to become an insurance agent in Surat with TATA AIG, the benefits of working with us and the eligibility criteria you need to meet.
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Who is a POSP Insurance Agent?
Point of Sale Persons (POSPs) specialise in selling standardised insurance products that are pre-designed and pre-underwritten by insurance companies. This means that the terms and conditions of these products are set in advance, allowing for a more streamlined process.
POSPs facilitate the insurance application process, gathering necessary information and assisting customers in applying for these pre-approved plans. With limited customisation options, POSPs are ideal for clients seeking straightforward insurance solutions. However, they can only work with one insurer at a time.
Who is an Individual Insurance Agent?
Individual insurance agents offer a broad range of insurance solutions to meet diverse needs. Unlike POSPs, they are equipped to sell both simple and complex products. With their expertise, agents can assess your specific requirements and risk profile, allowing them to customize policies with tailored coverage amounts, deductibles and exclusions.
They are permitted to partner with one general insurance company, one life insurance provider and one standalone health insurance (SAHI) company at the same time. This personalized approach is especially beneficial for clients seeking unique or high-value coverage options.
Furthermore, individual insurance agents must pass exams for insurance agents set by the Insurance Regulatory and Development Authority of India (IRDAI) to ensure they meet the necessary professional standards.
Difference Between POSP and an Individual Insurance Agent
| Criteria | POSP Insurance Agents | Individual Insurance Agents |
|---|---|---|
| Training Duration | POSPs undergo a brief 15-hour training program that equips them with the essential knowledge to sell basic insurance products. Their focus is primarily on straightforward policies that do not require extensive expertise. | Individual insurance agents complete a more extensive 25-hour training program, which prepares them to navigate the complexities of various insurance products. The increased training duration also ensures agents are well-equipped to provide comprehensive advice to clients. |
| Examination Authority | The insurance company conducts the examination for POSPs, ensuring that candidates meet the specific requirements set by the insurer. | Individual agents must pass an examination conducted by the Insurance Regulatory and Development Authority of India (IRDAI), which upholds a standard of knowledge and competency across the industry. |
| Products Offered | POSPs are limited to selling simple and transparent insurance plans that are pre-underwritten and have been specifically approved for solicitation by the IRDAI. | In contrast, individual insurance agents can offer a wide variety of products, including straightforward and complex policies. They have the flexibility to tailor policies based on their clients' specific needs, which enables them to serve customers looking for unique solutions, including high-risk insurance. |
| Target Customer Base | POSPs primarily target customers who require simple and basic insurance policies, such as motor vehicle insurance or health coverage. Their focus is on consumers who prefer straightforward options without the need for extensive customisation. | Individual insurance agents cater to a diverse range of customers, including those seeking both simple and customised insurance solutions. They can assist clients with complex insurance needs, such as marine or business insurance. |
| Types of Products | POSPs can sell primarily pre-underwritten policies, including motor, health and travel insurance. The automatic generation of policies based on customer-provided information streamlines the application process and ensures quick approval. | Individual agents, on the other hand, can sell a comprehensive array of insurance products, ranging from basic coverage to customised policies for specialised needs. They can offer options such as fire and marine insurance, as well as high-sum insured plans for pre-underwritten products. |
| Certification Validity | POSPs' certification is valid for three years, after which they must renew it to continue selling insurance products. | An individual insurance agent's certification remains valid indefinitely as long as they do not surrender their agency. |
Benefits of Becoming a General Insurance Agent in Surat with TATA AIG
Once you pass the respective insurance agent test, you become an insurance agent. Becoming a general insurance agent with TATA AIG in Surat offers numerous benefits, making it an attractive career choice for individuals seeking growth, flexibility and financial rewards.
-Good Income Potential: One of the most significant advantages of being an insurance agent with TATA AIG is the potential for a high income. The more policies you sell, the higher your earnings, as agents work on a commission basis.
-Flexible Working Hours: As an insurance agent, you enjoy the flexibility to work on your own terms. You are not tied to a 9-to-5 schedule, allowing you to manage your time according to your convenience. Whether you want to work full-time or part-time, the choice is yours. This flexibility is especially beneficial for those balancing other responsibilities, such as students or homemakers.
-Work From Home: In today’s digital age, working from home is easier than ever. TATA AIG provides agents with digital tools and an online platform to sell policies, communicate with clients and manage tasks remotely. You can work from anywhere, eliminating the need for a physical office.
No Extensive Qualifications for Insurance Agents Required: Becoming an insurance agent with TATA AIG does not require a high level of academic qualifications. A simple certification course is all you need to get started, making it accessible to a wide range of people.
-Training and Support: TATA AIG offers comprehensive training and ongoing support to ensure your success in your role. Whether you need help understanding products, handling customer queries or improving sales techniques, you will always have the resources you need.
Eligibility Criteria to Become Insurance Agent in Surat
If you are interested in becoming an insurance agent in Surat, you need to fulfil certain requirements. Here are the basic eligibility requirements you need to meet:
-Educational Qualification:
You must have completed at least 10th grade to become an insurance agent, which is the minimum educational requirement set by the Insurance Regulatory and Development Authority of India (IRDAI).
-Age Requirement:
You must be at least 18 years old to apply. This ensures that the applicant is of legal age to work and handle financial products.
-IRDA Exam for Insurance Agent:
To become an individual insurance agent, you must be certified by the IRDAI. This certification is crucial, as it signifies that you have undergone the necessary training and are well-equipped to offer insurance services. The training duration for an individual insurance agent is 25 hours. However, to become a POSP insurance agent, you must complete a 15 hour training set by the insurer to acquire the insurance agent licence in Surat.
POSP agents 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% to be eligible.
-Digital Literacy:
With the growing importance of online platforms and digital tools in the insurance industry, having basic digital literacy is crucial. You should be comfortable using computers, smartphones and the internet to manage client data, sell policies and access online resources. Being tech-savvy can help you effectively serve clients and stay competitive in the industry.
Documents Required to Become an Insurance Agent in Surat
To apply for the role of an insurance agent in Surat, you will need to submit the following essential documents:
-ID Proof: You must provide either your PAN card or Aadhaar card as proof of identity.
-Passport-Size Photographs: You will need to submit a few recent passport-sized photographs for your application.
-10th Class Marksheet: To verify your educational qualifications, you will need to include your 10th-grade marksheet.
-Cancelled Cheque: A cancelled cheque with your name printed on it is required for financial verification and to facilitate any payments.
Why You Should Join TATA AIG?
Becoming an insurance advisor with TATA AIG opens the door to a wealth of opportunities. Here are several compelling reasons to take this step:**
-Empowering Work Culture: TATA AIG cultivates a vibrant work environment that promotes both personal and professional development. You will always be surrounded by driven individuals who inspire and support each other in achieving success.
-Recognition and Incentives: Your efforts will be acknowledged and rewarded. TATA AIG has robust recognition programs to honour exceptional performance and motivate you to strive for excellence.
-Commitment to Career Growth: We believe in investing in your future. TATA AIG focuses on your long-term career advancement by offering resources and opportunities for ongoing learning and skill enhancement.
-Dynamic Learning Environment: You will have access to a wealth of knowledge through experienced mentors, certified trainers and product specialists. Each day presents new opportunities to expand your expertise and refine your skills.
-Emphasis on Digital Skills: With our advanced digital tools, you will remain at the forefront of technology trends. Enhancing your digital proficiency will equip you to thrive in the rapidly changing insurance sector.
Who Can Become an Insurance Agent in Surat with TATA AIG?
Becoming an insurance agent with TATA AIG in Surat is open to a wide range of individuals. This opportunity is ideal for anyone looking to build a rewarding career in the insurance industry. Here are some examples of who can apply:**
-Homemakers: If you are a homemaker looking to contribute financially, becoming an insurance agent allows you to work flexible hours while earning a good income.
-Students: College and university students can also consider this role. It provides an excellent way to earn money while studying and gaining valuable work experience.
-Small Business Owners: If you run a small business, becoming an insurance agent can diversify your income. You can sell insurance products alongside your current business activities.
-Financial Advisors: Professionals already working in finance can enhance their services by becoming insurance agents. This allows them to offer comprehensive financial solutions to their clients.
-Retired Professionals: Retirees looking for a new challenge can also consider this path. With their experience and connections, they can build a successful career in insurance.
-Sales Professionals: Individuals with a sales background can leverage their skills in this role. Their expertise in communication and persuasion will help them succeed as insurance agents.
What Our Partners Say About Us
“As a small business owner, I was looking for a way to diversify my income and found the perfect opportunity with TATA AIG. Being an insurance agent has been incredibly rewarding. I love the flexibility it offers; I can work around my existing commitments while still providing for my family. I genuinely enjoy my job and am excited about my future with TATA AIG!” - Ramesh Patel, a small business owner from Surat.
“Joining TATA AIG as an insurance agent has been one of the best decisions I have made. As a recent college graduate, I was eager to start my career, and this opportunity has exceeded my expectations. The training provided has been excellent, and I feel equipped to help clients with their insurance needs. The best part is the flexibility of this job, which allows me to balance my work with my personal life.” - Sneha Desai, a graduate from Surat.
Wrapping Up
Becoming an insurance agent with TATA AIG in Surat is a promising opportunity for anyone looking to build a rewarding career. Whether you are a homemaker, student, small business owner or a seasoned professional, this role offers flexibility and the potential for financial growth.
The support and training provided by TATA AIG ensure that you are well-prepared to succeed in the insurance industry. With a focus on personal development and recognition of hard work, you can thrive in this dynamic field.
If you are motivated and eager to learn, now is the perfect time to take the first step toward a fulfilling career with TATA AIG and go for the agent registration. Embrace this opportunity and start your journey today!
Disclaimer / TnC
Your policy is subjected to terms and conditions & inclusions and exclusions mentioned in your policy wording. Please go through the documents carefully.
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