Do you have a knack for sales, or probably you just like to talk to new and interesting people, or maybe you wish to be the solver of problems by providing helpful advice and guidance to hundreds of people. There is one role that is perfect for all of these, all while being highly beneficial in terms of flexibility, earnings, and even growth and that is a health insurance agent.
But who are they, what do they do, is it beneficial to become one, and how to go about becoming one, keep reading to find out.
Who is a health insurance agent and what do they do?
A health insurance agent is a licensed professional who is allowed to sell health insurance policies directly to the customer. While their primary role is to generate new business for the insurance provider they are affiliated with, they play both a sales and advisory function guiding customers through the complex world of insurance and helping them choose the best policy for their needs.
An insurance agent scouts potential new customers based on on-ground scouting or through leads. Once they have the attention of the potential customer they showcase the various policies offered by the insurance provider they are affiliated with. Based on these policies they verify the the needs and pain points of the customer to make suggestions based on these requirements.
Once a policy is chosen by the customer, the agent explains the terms and conditions, the various processes, the purchase process, the claims process, etc. Once all of the questions are answered, they help out with the pre-policy purchase process and once the policy is bought, with the post-purchase queries.
Read also: Navigating the Future of Insurance: RPA’s Role in Digital Transformation
What are the benefits of becoming an insurance agent health?
Whether you are an individual with a passion for meeting and interacting with new people, a salaried employee looking to earn a little extra on the side, or a retiree looking to still be financially independent, there are numerous benefits for everyone.
Here are some of the key benefits one can expect if they become an agent in insurance:
1. Uncapped income potential
As insurance agents primarily earn from commissions, there is no upper cap on how much they can earn. This means that the more policies you sell, the more you can earn.
2. Unmatched flexibility
The insurance industry is unmatched in terms of flexibility. Whether it is the time or place, you can work from anywhere whenever you wish to.
3. High growth potential
Insurance is an industry which is currently witnessing a boom in demand as well as expecting growth in coming years. This means that, unlike other industries which are saturated to a certain extent, there is high growth potential in the insurance industry.
4. Financial independence
As anyone over the age of 18 can become an agent, it is a highly lucrative job enabling agents to be financially independent from an early age.
5. Low-barrier to entry
Becoming an agent is quite simple and requires no monetary investment making it an excellent job opportunity due to its low barrier to entry.
How to become a health insurance agent in India?
As mentioned above, becoming an agent is quite simple and requires no monetary investment. This means that just by following these steps, you can become an agent who is eligible to sell health insurance directly to customers.
1. Determine an insurance provider you would like to work for
As an insurance agent works in a very hyperlocal manner, consider the scale of the insurer, whether they offer insurance policies in your town, whether they are well known in the industry and the market, and more. If you are confused, consider leading health insurance providers like Niva Bupa for your career.
2. Visit their recruitment portal or contact them using their contact information
After choosing the insurance provider you would like to work for, visit their website to look for a recruitment portal or contact information and follow the necessary steps.
3. Complete your training with the insurer
Complete your mandatory practical training with your insurer of choice and prepare for the licensing examination.
4. Attempt the licensing examination
Attempt and clear the licensing examination to get a license from the IRDAI.
5. Sign the contract to start working as a licensed insurance agent
Sign the contract with your preferred insurance provider to start your career as an agent.
Wrap up
To wrap up, in a world where health insurance has become a necessity and the insurance industry itself is booming, becoming an insurance agent seems like an excellent career path. Not only is becoming an insurance agent fulfilling in terms of meeting new people every day and helping them solve their problems, but it is also highly rewarding in terms of flexibility, growth and uncapped income potential.
So follow the above-given steps and start your journey as an agent in this highly rewarding industry today!
