Learn How to Become Insurance Agent in India

Insurance plays a vital role in protecting individuals, families, and businesses against financial risks. As more people recognize the importance of financial security, the demand for insurance products has grown rapidly. This has also increased the need for qualified professionals who can guide customers through various policies — these professionals are called insurance agents.

If you’re looking to build a stable and flexible career, becoming an insurance agent in India can be a great choice. In this article, we’ll walk you through everything you need to know about how to become an insurance agent, the POSP model, the application process, and key benefits.

What is an Insurance Agent?

An insurance agent is a certified individual who sells and services insurance products on behalf of one or more insurance companies. The agent helps customers understand different types of insurance, recommends suitable policies, and assists with documentation and claims.

There are mainly two types of insurance agents in India:

Individual agents (e.g., life insurance agents, general insurance agents)

POSP agents (Point of Sales Person) for simplified products

Why Choose a Career as an Insurance Agent?

Becoming an insurance agent is ideal for those who want a career that offers flexibility, low startup costs, and an opportunity to earn through commissions. Whether you are a student, homemaker, retired professional, or self-employed, you can become an agent and work on your own terms.

Key Advantages:

No fixed office required

Low entry barrier (10th pass minimum)

Flexible work hours

Opportunity to earn based on performance

Work from anywhere — even from home

Help people secure their future

What is POS Insurance and Who is a POSP Agent?

POS Insurance refers to simplified insurance products that are easy to understand, quick to sell, and require minimal documentation. These include:

Two-wheeler and car insurance

Health insurance

Travel insurance

Personal accident cover

A POSP insurance agent (Point of Sales Person) is authorized to sell such products after completing a short training and certification process approved by the Insurance Regulatory and Development Authority of India (IRDAI).

Eligibility Criteria to Become an Insurance Agent in India

To become an insurance agent in India, you must meet the following basic requirements:

Requirement Details

Age: Minimum 18 years

Educational Qualification: At least Class 10 (SSC or equivalent)

Documents Required: PAN card, Aadhaar, photograph, bank details

Training Mandatory 15-hour online/offline training (for POSP)

How to Become an Insurance Agent in India: Step-by-Step Guide

Here is a simple and clear step-by-step process to help you get started:

Step 1: Choose the Type of Agent You Want to Be

You can either:

Become a life insurance agent or general insurance agent by registering with an insurer like LIC, ICICI, HDFC, etc.

Or become a POSP agent via online platforms partnered with multiple insurers.

Step 2: Complete Training

If you opt for the POSP model, you need to complete 15 hours of IRDAI-mandated training.

Training is available online and covers basic insurance concepts, policy types, ethics, and customer handling.

Step 3: Pass the Certification Exam

After training, you must appear for a short online test.

Once you clear the test, you’ll receive a certification that qualifies you to start selling insurance.

Step 4: Insurance POSP Apply and Get Your Code

If you’re applying through an online platform, your agent code will be generated after verification.

This code is your license to work as a certified POSP insurance agent.

Step 5: Start Selling Policies

Once certified, you can start offering policies to friends, family, and clients.

You can also track sales and earn commissions for each successful policy issued.

How to Become an Insurance Agent Online?

The process to become an insurance agent online is very simple and user-friendly. Here’s how it works:

Visit a trusted insurance platform or company website

Sign up with your name, mobile number, and email

Upload required documents (PAN, Aadhaar, etc.)

Complete the online training (15 hours)

Pass the certification exam

Receive your agent code and start selling

Many digital platforms like Policybazaar, Coverfox, and Turtlemint provide free training and allow you to become a POSP agent online.

Responsibilities of an Insurance Agent

As an insurance agent, your responsibilities include:

Explaining policy features and benefits

Helping clients choose the right policy

Filling out application forms

Assisting with renewals and claims

Maintaining long-term customer relationships

Staying updated with policy changes and IRDAI guidelines

Tips for Success as an Insurance Agent

To succeed in your journey as an agent, keep the following tips in mind:

Build trust with clients through transparency and honest advice

Understand customer needs before suggesting products

Stay updated with new products and industry trends

Use digital tools and CRM platforms to track leads and policies

Focus on long-term relationships over short-term sales

Frequently Asked Questions (FAQs)

Q1: Can I become an insurance agent without prior experience?

Yes. No prior experience is needed. You just need to complete the training and pass the certification exam.

Q2: Is there a registration fee?

Some platforms may charge a small fee for certification or document verification, but many offer free registration.

Q3: Can I work with more than one insurance company?

If you're a POSP agent, yes — you can work with multiple insurers via digital platforms. However, traditional agents are usually tied to a single company.

Q4: What is the income of an insurance agent?

There is no fixed salary. Agents earn commission based on the value and type of policy sold. The more policies you sell, the more you earn.

Conclusion: A Smart and Flexible Career Choice

Becoming an insurance agent in India is a great career opportunity for individuals looking for flexible working hours, a steady income, and professional growth. Whether you choose to work as a traditional life insurance agent or a digital POSP agent, the entry process is simple, the investment is low, and the earning potential is high.