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Become an insurance advisor

Become a Life Advisor

By becoming a Life Advisor, you can contribute towards your family's financial prosperity and have the opportunity to positively impact other people's lives. Want to know how to become a Life Advisor with Max Life Insurance? Read on for more details:

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Who is a Life Advisor?

A Life Advisor is a person who works for a Life insurance company and solicits the company's insurance products on behalf of the company. They interact with individuals to understand their financial requirements and identify the best solution for them. 

How to Become a Life Advisor with Max Life Insurance?

You can choose from the following options to become a Life Advisor and work with Max Life Insurance:

Apply online on https://www.maxlifeinsurance.com/join-max-life/become-an-agent and fill in your details. Our recruitment team would promptly get in touch with you and you shall be assigned a recruiter.

Or

Visit your nearest Max Life Insurance office and speak to the Frontline Executive. They will help you to initiate the process.

How to Become an Insurance Agent?

How to Become a Life Advisor from Home?

In these testing times, we prioritise your safety. You can work from the comfort of your home. To become a Life Advisor, simply follow these steps:

Register: Register yourself with Max Life Insurance.

 

 

Offline training: Attend the training program

 

 

Exam: Appear for the exam at the examination center in your city

 

 

Appointed: Receive an appointment letter from Max Life

 

To help you understand the life of a Life Advisor better, we have explained the details for you, below:

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Who can Become a Life Advisor?

Homemakers
Retired
Self-employed
Students
Financial Product Consultants

Watch this Video to Know Why You should Become a Life Advisor with Max Life Insurance.

Watch this Video to Know Why You should Become a Life Advisor with Max Life Insurance.

What can You Gain by Becoming a Life Advisor in India?

There are multiple benefits for people from different life stages and different backgrounds. However, we have listed the major benefits for 5 sets of people.

Benefits of Becoming a Life Advisor for Housewives:

  • Become financially independent

  • Create a Distinguishing identity for yourself

  • Flexible working hours

  • Get recognised across Regional, National, & Global forums

Become an agent benefits for housewives

Become an insurance agent benefits for retired

 

Benefits of Becoming a Life Advisor for Retired:

  • Become financially independent

  • Create distinguishing identity for yourself

  • Flexible working hours

  • Get recognised across Regional, National, & Global forums

Benefits of Becoming a Life Advisor for Self-employed:

  • Additional source of Income

  • Professional association with the leading brand

  • Leverage your existing network 

  • Get recognised across Regional, National, & Global forums

Become an agent benefits for Self employed

 

Benefits of Becoming a Life Advisor for Students:

  • An opportunity to earn while you learn

  • Multiple employment avenues available after the graduation

  • An opportunity to hone skills for your professional and personal growth with experience

  • Get recognised across Regional, National, & Global forums

Benefits of Becoming a Life Advisor for Financial Consultants:

  • Increase your earning opportunity by expanding your product portfolio

  • Help your clients by securing their financial future

  • An opportunity to hone skills for your professional and personal growth with experience

  • Get recognised across Regional, National, & Global forums

What are the Mandates for Becoming a Life Advisor?

To become a Life Advisor with Max Life Insurance, you need to be 18 years old. Besides age, you must have passed 12th grade. You would need to attend 40 hours of training program arranged by Max Life Insurance.

What does a Life Advisor do?

A Life Advisor helps their client in prioritising their financial goals, creating a plan and helping them in its implementation. Their aim is to eventually help you in building a secured financial future for yourself.

Role of a Life Advisor

As a Life Advisor, your day-to-day responsibilities also includes marketing. Good marketing strategies and initiatives help you promote new and existing insurance plans, besides being effective in attracting new clients to your firm.

Your role also entails providing insurance advice, analysing policy details, processing policy adjustments and renewals, and any other services the client requires. Most importantly, as a Life Advisor, your goal should be to provide excellent customer service.

Additional Responsibilities of a Life Advisor

There are certain additional responsibilities of a Life Advisor including:

  • Learning about new products and services by attending meetings, seminars, and events
  • Calculating premiums and making arrangements for payment
  • Keeping track of the accounting systems, databases, and records
  • Helping customer with insurance claims
  • Ensuring that the customers are satisfied with insurance coverage and if the product meets their expectations
  • Maintaining industry knowledge by learning about new products and services on a regular basis
  • Assisting clients in resolving any insurance claims
  • Individualising insurance programme to meet the needs of each customer
  • Ensuring that all policy requirements are met, including the completion of all necessary forms
  • Assessing the risk associated with a prospective insurance buyer
  • Ensuring that all documentation is completed and filed appropriately
  • Assisting consumers in duly completing insurance applications and bridging the gap between the customer and the insurance provider

How is a Life Advisor Trained?

1· Pre-appointment: You will attend training & 2-day Classroom training as per your convenience

 Post Appointment: You will be trained regularly (classroom option)

 Field Training: Your manager would be available to provide you both online and on field training for skill development

Why Become a Life Advisor?

1· Exciting earning opportunity

 Work at your convenience

 Opportunity to learn & grow

Why should You Become a Life Advisor with Max Life Insurance?

Be your own boss: You can decide your own goals and work at your own convenience

Exciting earning and learning opportunity: An opportunity to earn first-year commission and build renewal income while you learn on the job and hone your skills. 

Put smiles on faces: An opportunity to secure people’s future with a financial cover

Rewards & Recognition: Reap the benefits of your hard work across Regional, National, & Global forums 

Fly High:  Become a Life Advisor – Make a Name for Yourself

Becoming a Life Advisor is as great as any other business opportunity. You get to learn the nuances of the trade and polish your skills while becoming a strong force. The best part about being a Life Advisor is that you get to choose your targets and work at your pace to achieve them. You also get to help people build a financially secure future for their loved ones and themselves. At the same time, you make a name for yourself by working as a top-tier Life Advisor in India.

*Maxlife will use these details to call you and send emails.

Watch this Video to Understand the Life Advisor Career Opportunity!

Watch this Video to Understand the Life Advisor Career Opportunity!

Why Become a Life Advisor with Max Life Insurance?

Why Become a Life Advisor with Max Life Insurance?

FAQs

FAQs

✅ Do Life Advisors Get a Salary?

A Life Advisor earns commission from the insurance business and handsome incentives, based on their sales performance.

✅ How Easy is it to Become a Life Advisor?

In comparison to most finance jobs, being a Life Advisor is rather simple. There are no educational prerequisites beyond a high school passing certificate. All you need is an insurance broker license and your journey as a Life Advisor is set.

✅ What is the difference between a Captive Life Advisor and an Independent Life Advisor?

The main difference between the two types of Life Advisor is that captive advisors work for a single insurance company, whereas independent advisors work for a variety of insurers and can provide varying quotes and financial solutions to customers.

✅ Do I Need Sales Experience to Become a Life Advisor?

No, you do not need to have experience in sales to become a Life Advisor, if you meet the eligibility criteria. However, if you do have the experience, it can be beneficial for you in terms of understanding the job role.

✅ What Skills do Life Advisors Need?

Some of the skills that Life Advisors need to possess are problem-solving, customer service, communication, and negotiation.

✅ Who can Become a Life Advisor and what is the minimum eligibility criterion?

Any individual who wants to ensure a regular monthly income can become a Life Advisor with Max Life Insurance. From businessmen to housewives and teachers to financial product distributors or even retired individuals, anyone can achieve their personal and professional goals through this career.

People from the following backgrounds have done well as Life Advisors:

1) Teacher: The skills and qualities you possess and acquire as a teacher  greatly help you to become a good life advisor. For example, good communication skills, patience, understanding, and perseverance will only add value to your business.

2) Retired: In the golden years of your life, you have an opportunity to make a difference. The mere experience of having seen it all qualifies you to be a better Life Advisor with Max Life Insurance. Explore the opportunities and make the most of your life in your golden years.

3) Self Employed: If you deal with customers, you have an opportunity to double your income by becoming a Life Advisor. By helping your customers with best-suited insurance products, you get to add to your income, besides strengthening your relationship with them and achieving overall success as a Life Advisor.

Below is the eligibility criterion to become a Life Advisor:

  • Minimum Age: 18 years
  • Education: 12th Pass

✅ How to Become a Life Advisor?

You can choose 3 options to become a Life Advisor with Max Life Insurance:

1) Walk into the nearest Max Life Insurance office and talk to a Agency Development Manager

2) Apply online and fill in your details

3) Mail your details to becomeanagentadvisor@maxlifeinsurance.com and our recruitment team will connect with you shortly

Max Life Insurance has a robust recruitment program. It involves a step-by-step process starting from screening, followed by extensive in-house training and IRDAI exam. Once you clear the exam, you officially become a Life Advisor with Max Life Insurance! 

Below are the details of the recruitment process:

1. Screening interview

Visit your nearest Max Life Insurance branch office to get in touch with  the officials

2. Career seminar

Understand the roles, responsibilities, and benefits of being a Life Advisor.

3. Project evaluation

Get to know about our sales process, typical targets, and our expectations from you.

4Career interview

Get selected for a Personal interview to become a Life Advisor with Max Life Insurance.

✅ Why should you Become a Life Advisor?

As a career, becoming a Life Advisor with Max Life Insurance is a productive and stress-free job opportunity. On choosing to become a Life Advisor in India:

You can define your working hours and even work from home, without having to complete the regulation 9 to 5 work hours. During these testing times, you can safely work from the comfort of your home to avail the opportunity to earn an income by becoming a Life Advisor.

It’s always good to have an additional source of income to support your loved ones. Thus, college graduates, retired individuals, stay-at-home mothers and individuals looking to amplify their earnings can become Life Advisors.

✅ What are the Benefits of Becoming a Life Advisor in India?

As a Life Advisor, you will act as the final link between the policy buyer and the insurance company. Since you will be representing the insurer across different platforms, you become eligible to avail of many benefits – monetary, personal, and social, such as:

1) Start Earning at 18 Years of Age  

The minimum age requirement to become a Life Advisor is 18 years – right after you complete your class 12th. By starting your career as a Life Advisor, thus, you have the ease of entry and can leverage this opportunity to embark on a fulfilling journey, full of thrills and earning professional perks.

2) You Get to be Your Own Boss

As a Life Advisor, you get to put into use your entrepreneurial skills and passion for building your own business. When you decide to work as a Life Advisor with Max Life Insurance, you have the flexibility to work as per your schedule — you get to be your own boss. You can develop your own system for attracting, meeting, and developing clients. As a Life Advisor, you also get to invest your time and resources to maximise returns from the entire insurance selling experience.

3) Build a Stable Income.

The insurance industry offers a huge untapped earning potential, especially when you join as a Life Advisor. As a Life Advisor, you can ensure that your income grows significantly by converting leads in the under-served insurance markets. You can build an extended stream of cash flows with minimal service efforts – you earn from both policy sales and renewals.

4) Flexible Work Timings

Most corporate setups require their workforce to be at their desks and complete a fixed number of hours per week. As a Life Advisor, however, you do not have any such timing constraints. Instead you are free to choose your work timings. You can work as per your convenience and even choose to establish your own office either at your home or someplace else.

The career of a Life Advisor in India is ideal for homemakers, retirees, teachers and anyone who wishes to become financially independent and contribute to their income.

5) Make a Difference in Other's Lives

Bring a positive difference in the lives of people by securing their financial future, as you also earn for yourself, and become financially stable.

✅ What are the Types of Life Advisors in India? 

Categorically speaking, there are many types of Life Advisors, including the following:

a. Internal Sales Advisor

As an internal sales advisor (also known as an in-house advisor), you get to work as an employee for the insurance carrier.

b. Captive Sales Advisor

As a captive sales advisor, you get to for one organisation or company. 

c. Independent Insurance advisor

Being an independent Life Advisor, you are regarded as a general contractor, who has individual agreements with insurance companies to promote their products. 

✅ What are the Roles and Responsibilities of a Life Advisor in India?

As a Life Advisor in India, you get to assist in the advertising and sale of different insurance products and services to your customers. Thus, as a Life Advisor with Max Insurance, you must -

1) Have an in-depth understanding and customary awareness of the various markets

2) Provide sound and dependable financial consulting services and customer support to your clients

3) Be adept in Business Development tactics to augment your skills as a Life Advisor

4) Provide your inputs to develop marketing strategies and illustrations for brand promotions

5) Indulge in public-relations structure-activities and understand your customers' choices and thought-process

✅ What is the Minimum Eligibility Criterion to become a Life Advisor?

As per Regulation 4 of the IRDA (Licensing of Insurance Agents)/ Regulations, 2000, the minimum age to become a Life Advisor is 18 years while the minimum education is an Intermediate (10+2) pass. Thus, you can become a Life Advisor after passing the 12th standard or an equivalent examination conducted by any state/ centrally recognised Board/ Institution.

Furthermore, according to Regulation 5 of the IRDA (Licensing of Insurance Advisor)/ Regulations, 2000), you can obtain or renew your licence as a Life Advisor after:

1) Completing 50 hours of training from an approved institution (for first-time applicants)

2) Completing 25 hours of training if you are seeking renewal of your Life Advisor license

3) Completing 75 hours of training If you wish to become a composite (i.e. Life/general) insurance advisor

✅ Why should Retired Individuals Become a Life Advisor?

As a retired person, while you may have earned a decent salary in your working years, the question of maintaining a source of income post-retirement becomes important to address. If you don’t have any retirement savings or are unable to provide for yourself financially post-retirement, depending upon others is the only possible option.

However, you can change that by becoming a Life Advisor, you can make sure that you earn a steady income without the hassles of working in an office environment or having fixed work timings.

As a Life Advisor with Max Life Insurance, you can make a positive difference in the lives of others, helping them financially secure the future of their loved ones against the uncertainties of life. While doing so, you not only spend your retirement being productive, but have complete control over your work and be financially independent.

✅ Why should Housewives Become Life Advisors?

As a Life Advisor, you can positively impact other people's lives by helping them to build assets, assist in securing their children’s future, and plan for their retirement.

The insurance industry offers you an opportunity of a lifetime to make a positive social difference and enable people to secure their future financially. Thus, when you decide to become a Life Advisor, you empower yourself to change lives, and this feeling itself helps you keep up your motivation and feelings of satisfaction.

In a nutshell, by becoming a Life Advisor, you embark on a career where you will be your boss, define your income yourself, and help other people build a financially stable future for themselves and their loved ones.

✅ Why should Self-employed People Become Life Advisors?

You get a fair chance to earn more based on your performance. In today's world, having a work-life balance goes a long way in determining our happiness. However, working in a corporate environment can make it difficult to juggle between home and work. Subsequently, many people prefer being self-employed rather than working fixed hours for others. Being a Life Advisor in India gives you one such career opportunity to have complete autonomy over choosing your work hours and pay.

Furthermore, you can work at your own pace in a career that allows you to travel to different places and meet different people. As a Life Advisor, you can maximise your income without compromising on your freedom or your time. The more the output, the more the earning is – it is that simple!

✅ Which Type of a Life Advisor can You Become ?

The licence for becoming a Life Advisor in India can be for general insurance, life insurance, or both. Furthermore, being a life advisor in India, you can represent any life insurance company, non-life insurance (or general) company, health insurance company, Export Credit Guarantee Corporation of India (to sell credit insurance) and even Agriculture Insurance Company of India (to sell crop insurance). 

Being an IRDAI-licenced Life Advisor, you can also represent other financial sector entities such as the National Small Savings Organisation and mutual funds. Your Life Advisor licence stays valid for a period of up to three years.

✅ Who is a Life Advisor?

A Life Advisor is essentially a point of contact between an insurance company and their customers. In other words, a Life Advisor helps individuals with finding insurance products that align with their needs and requirements. As a Life Advisor, you are also responsible for assisting policyholders with the required documentation and helping them throughout their insurance journey, including policy tenure.

If you plan to become a Life Advisor, then you are required to undergo the requisite training, pass an examination and earn your duly-accredited licence by IRDAI (Insurance Regulatory and Development Authority of India). After you get your Life Advisor licence, you can sell insurance policies to the general public and provide after-sales services and assistance during claims settlement.

✅ Who all can Become a Life Advisor in India?

In India, starting a career as a Life Advisor is an exciting and appealing opportunity – for both new and established professionals. Even housewives, college graduates and retired individuals can earn a steady source of income while making a name for themselves as a 'people's person.'

The number of non-working individuals in our country is quite high. According to Statista the percentage of working women in India dropped from around 36 per cent in 2021 to a little over 33 per cent in 2022. While for men, it was at 67 per cent in 2022, which is an increase from the previous year's data.

Additionally, studies have found that the lack of opportunities has resulted in 45% of women in India aged 15-29 not being engaged in any education, employment, or training, as opposed to 6.5% of men in the same age group. Reducing the 58 per cent employment gap between men and women is expected to expand India’s GDP by 2050.

The work profile of a Life Advisor allows stay-at-home mothers, and other people to become financially independent, and contribute towards the benefit of the nation's economy – all while having the flexibility of choosing their work hours and targets.

What do Life Advisors Think about Max Life Insurance?

What do Life Advisors Think about Max Life Insurance?

ARN: PCP/BAA02

Want to Know Your Chances of Becoming a Life Advisor?

We would be glad to have you on board. Please go through this small questionnaire to explore if you will be a successful Life Advisor with Max Life Insurance:

Want to Know Your Chances of Becoming a Life Advisor?

We would be glad to have you on board. Please go through this small questionnaire to explore if you will be a successful Life Advisor with Max Life Insurance:

Do You Want to Earn a Regular Income?

2. Do You Want to Work as per Your Convenience?

Do You Want to Get Recognized for Your Efforts?

Do You Want to Take Your Family to International Destinations?

Do You Want People to See You as Successful and an Inspiration?

Do You Want to Make Positive Difference in People’s Lives?

Do You Like Interacting with People?

Thanks for Your Time. If You Wish to Explore This Further, Leave Your Contact Details

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Ready to Become a Life Advisor?

Ready to Become a Life Advisor?

Let’s Connect

Let’s Connect

Online Sales Helpline
0124 648 8900
 (09:00 AM to 09:00 PM Monday to Saturday)

service.helpdesk@maxlifeinsurance.com
SMS 'LIFE' to 5616188

Let us call you back
Customer Service Helpline
1860 120 5577
(9:00 AM to 6:00 PM Monday to Saturday)
  Chat with us

Please write to us in case of any escalation/feedback/queries.

Write to us
NRI Helpdesk
011-71025900; 011-61329950
(9:00 AM to 6:00 PM Monday to Saturday)

nri.helpdesk@maxlifeinsurance.com