How to Become an Insurance Agent?

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Insurance Agent

In human life, ups and downs are inevitable. At times when diseases haunt a human life miserably and all sources getting good treatment seems impossible, insurance becomes a life saviour then. Calamities too inevitably attack mankind with disastrous consequences, proper insurance comes to rescue. Thus a career in Banking & Insurance is considered as an excellent choice by many. This blog will take you through the process of becoming an insurance agent. 

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Who is an Insurance Agent?

By the word Insurance Agent, we can decipher that its a job of providing insurance of various kinds to customers. They do all types of required documentation and meticulously help policyholders with the proper tenure of the policy. There are various types of insurance agents who work on diverse portfolios since this landscape is demanding. Companies like Life Insurance Corporations or an Insurance company are offering a lucrative job profile.

Also Read: LIC AAO Syllabus

Ways of Becoming an Insurance Agent

Glance through the various way that can land your career as an Insurance Agent:

Complete your Study

Before working as an Insurance Agent, you must complete the education required to become one. There are various educational career options you can choose to enter this field but if you have additional knowledge of Finance and Business.

Know a speciality

A most important part which can help you become an Insurance agent is to know a speciality you want to pursue. There are various types your sectors involved in this field such as health insurance, car, disability, personal lines of insurance cover etc. As per your expertise and an area of interest you should choose your specialization wisely.

Complete pre-licensure process

This may vary from country to country but it is important to get through with your pre-licensing process in order to become an authentic insurance agent. Talking about the Indian context, you need to register online through IRDAI (Insurance Regulatory and Development Authority in India) portal. It is a mandatory process.

Examination

Once you are through your pre-licensure process, it is important to get your examination clear. It is important for a candidate to clear IC33 examination for Life Insurance an IC34 for General Insurance Life. This step would take you closer to becoming an Insurance Agent.  

Get Proper Training

Once your examination is completed, you need to take 50 hours of training from IRDA and 75 hours training to fetch a composite licence. If you are getting training from this premier institute, there are higher chances of getting in lucrative companies like Max. 

Start Applying

Once you are through will all the pivotal process, you have a considerable chance under your belt of applying in various prestigious companies. You can start applying for various portfolios on a handsome package. 

Top Courses 

If you are passionate about working as an Insurance agent, you should keep this in mind that a lot of prestigious universities are offering fully-fledged courses in it. Glance through the level of courses in a below-mentioned table; 

Bachelor Level 

Bachelor of Applied Science in Collision Repair and InsuranceBachelor of Science in Finance – InsuranceBachelor of Business Administration in Risk Management and Insurance
Bachelor of Business Administration in Risk Management and InsuranceBachelor of Science in Business – Risk Management and Insurance (Corporate)Bachelor of Business Administration in Risk, Insurance and Financial Services

Master Degree

Master of Business Administration in Risk Management and InsuranceGraduate Certificate in Insurance and Risk ManagementMaster of Science in Finance and Risk Management – Risk Management and Insurance

Top Universities 

Given below are some top universities that can help candidates in making a career in the field of Insurance. These courses will also give you expertise in ways to become an excellent Insurance Agent:

Certainly, the field of Insurance is growing exponentially. It certainly offers promising occupation opportunities. Apprehensive about choosing Insurance Agent as a profession? Let the experts at Leverage Edu take your professional career into new heights. Book your free 30 minutes of counselling with the team now! 

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