• Home
  • Blog
    • Business Partner Magazine Archive
  • Resources
  • About Us
    • Cookie Policy
    • Disclosure Policy
    • Privacy Policy
    • Terms of Website Use
  • Contacts

Business Partner Magazine

Tips and advice for entrepreneurs, start-ups and SMEs

  • Business Success
  • Marketing
  • Finance
  • Employees
  • Technology
  • Start-up
  • Productivity
  • Communication

Know How to Become an Insurance Agent in 4 Steps

August 18, 2021 by BPM Team

Click here to get this post in PDF

Too long to read? Enter your email to download this post as a PDF. We will also send you our best business tips every 2 weeks in our newsletter. You can unsubscribe anytime.

Enter your NameEnter your Email Address

If you are looking for ways to expand your earnings, you may have a lot of questions running through your head. How should you go about it? Which opportunities are suitable for you? Today, a significant number of people feel the need to supplement their income to fulfil their growing needs, especially if they have multiple financial dependents. If you are one of those people, starting a career in the insurance business can be an intriguing option. 

You can become an insurance agent to meet your financial requirements. It is a flexible professional path that allows you to broaden your career horizon. Most importantly, if you think you can attain personal satisfaction by aiding the public to get financially secure, you should consider becoming an insurance agent.  

Insurance agent wearing long sleeves and tie
Image source: Depositphotos.com

So, if you are considering becoming an insurance agent, learning about the main responsibilities and educational requirements is a great place to start.

Let’s look at how to become an insurance agent in India, as well as the requirements and training required. 

Who is an Insurance Agent?

An insurance agent is a representative of insurance companies who acts as a client’s insurance advisor. They help customers find the right plans to fulfil their insurance needs by teaching them about their alternatives and answering their questions.

Essentially, the insurance agent is a middleman who connects the insurance business with the customer and assists in the sale. In addition to counselling clients on the appropriate product, they also provide necessary assistance with the completion of forms, supporting clients throughout a claim, and so on. As a result, an insurance agent has various responsibilities.

Types of Insurance Agent

If you are planning to become an insurance agent, you must know about the types of insurance agents. This will help you determine which path is more suitable for you in personal and professional terms. 

  • Captive Agents: Agents that sell insurance for a single insurance firm are known as captive agents. If you become an insurance agent of this variety, you are associated with the public identification of the brand and have the benefit of the back office. You can streamline their operations and build in-depth underwriting knowledge since you will be working for a single insurance provider. 
  • Independent agents: Independent insurance agents provide insurance for various companies and can evaluate costs from several companies. This type of agent is known as a broker, and they work for the client rather than the carrier.

How to Become an Insurance Agent?

There are multiple benefits of becoming an insurance agent, including a relatively easy entry into the profession, the flexibility to choose your work environment, and high earning potential.

So, if you are planning to pursue this role, here are some essential steps you should know to become an insurance agent: 

1. A Bachelor’s Degree 

Although high school graduation is theoretically the sole prerequisite to become an insurance agent, most organisations prefer that they have a college diploma. To be more effective, aspiring insurance agents might consider completing business, economics, or finance courses. 

They might also choose to study marketing or psychology to improve their ability to promote and sell insurance goods. Some colleges and universities offer insurance and risk management courses that teach students insurance theory, security analysis, and risk management fundamentals. If you wish to work as an underwriter, you should major in risk management and insurance or business with a risk management specialisation.

Insurance agent talking to his client
Image source: stock.adobe.com

2. Completion of All Licencing Criteria 

Although you are typically needed to hold a licence for each category you wish to sell policies, each state has its licencing requirements. You may be needed to complete classroom training or self-study and meet a minimum number of hours required to become an insurance agent. Additionally, you may be asked to submit fingerprints and information for a background check. 

3. Getting A Licence 

Every state will require you to pass a licensing exam to demonstrate your understanding of state insurance regulations and insurance concepts about the type of insurance agent you choose to become. 

4. Become an Insurance Agent

If you want to work as an independent insurance agent in an office with other agents, you will probably get on-the-job training while working with more experienced agents before looking for your clients. You might also consider working as a captive agent for a single insurance provider.

Those who wish to become insurance agents can register online through the IRDAI (Insurance Regulatory and Development Authority of India) portal and check their handbook for intermediaries. Alternately, you can also contact the insurance companies directly, registering online through their websites. 

You may also like: How to Select the Most Authentic Independent Agents to Buy Burial Insurance

Filed Under: Finance Tagged With: Career, finance, insurance, insurance agent

  • Facebook
  • Instagram
  • LinkedIn
  • Pinterest
  • Twitter
  • YouTube

Disclosure

We earn commissions if you shop through the links on this page.

Recent Posts

  • What is Correx Board Printing by Banner World?
  • What are Haemotologic Malignancies?
  • While AI makes writing code easier than ever, CodeAnt AI secures $2M to make it easy to review
  • What Are Plant Biology Reagents?
  • Testsigma announces autonomous testing capabilities – ushering in the era of agentic AI

Categories

Archives

Tags

Accounting bitcoin brand business growth business skills business success communication cryptocurrency Customer Service Data design Digital marketing ecommerce Efficiency employees Featured Article finance finances Health and Safety infographic insurance Investing investment legal legal services legal tips Management Marketing marketing strategy Outsourcing productivity property Real estate sales security SEO Social Media software starting a business startup Technology Trading Training website workplace

Innovation in Business MarTech Awards – Best SME Business Support Platform 2024 – UK

Innovation in Business MarTech Awards 2024 UK

CorporateLivewire: Innovation & Excellence Awards – Business Publication of the Year

CorporateLivewire: Innovation & Excellence Awards - Business Publication of the Year

Disclosure

We earn commissions if you shop through the links on this page.

Digital Marketing Agency

ReachMore Banner

Business Partner Magazine

Business Partner Magazine provides business tips for small business owners (SME). We are your business partner helping you on your road to business success.

Have a look around the site to discover a wealth of business-focused content.

Here’s to your business success!

Copyright © 2025 - Business Partner Magazine·

x