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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 also have the opportunity to affect other people's lives positively. Want to know how to become a Life Advisor?

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Who is a Life Advisor?

A Life Advisor is a person who works for an insurance business and sells the company's insurance products. They help policy buyers and existing policyholders to understand their financial requirements and identify the best solution for them. 

How to Become a Life Advisor with Max Life Insurance?

You have 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. You will get a call back promptly from our recruitment team and a recruiter will be assigned to you.

Or

Walk into the 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 prefer you stay at home safe and sound. To become a Life Advisor from home, you will need to follow these simple steps:

Register: You have to register yourself with Max Life Insurance and we will provide you with a link to complete online training

 

 

Online training: Attend online training program which offers flexibility of time

 

 

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

 

 

Appointed: Max Life will issue you an appointment letter

 

If you are not sure how the life of a Life Advisor looks like, we have explained the details for you, below:

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Who all can become a Life Advisor?

Homemakers
Retired
Self-employed
Students
Financial Consultants

Watch this video to know why should you become a Life Advisor with Max Life Insurance.

Watch this video to know why should you become a Life Advisor with Max Life Insurance.

Why becoming a Life Advisor in India is beneficial?

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

Benefits of becoming a Life Advisor for Housewives:

  • Become financially independent

  • Distinguishing identity for herself

  • Flexible working hours

  • Get recognized 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

  • Distinguishing identity for herself

  • Flexible working hours

  • Get recognized 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 recognized 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 learn, for your professional and personal growth in an experiential manner

  • Get recognized across Regional, National & Global forums

Benefits of becoming a Life Advisor for Financial Consultants:

  • Increase you earning opportunity by expanding your product portfolio

  • Help your clients by securing their financial future

  • An opportunity to learn, for your professional and personal growth in an experiential manner

  • Get recognized 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 have to attend 40 hours of training program as prescribed by Max Life Insurance (this training have both the options available online & classroom)

What does a Life Advisor do?

Life Advisor helps his client in prioritizing the financial goals, creating a plan for them and helping them to implement the same. This eventually helps in building a secured financial future of the clients.

Role of Life Advisor

A Life Advisor's day-to-day responsibilities also include marketing. Marketing methods are used by successful life advisors to promote new and existing insurance plans. Marketing initiatives are also critical for attracting new clients to your firm.

Their role also entails providing insurance advice, analyzing policy details, processing policy adjustments and renewals, and any other services the client requires. Most importantly, being a Life Advisor necessitates 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 stakeholders updated
  • Keeping track of the accounting systems, databases, and records.
  • Keeping an eye on insurance claims.
  • Ensuring that the customers are satisfied with insurance coverage and if the product meets their expectation
  • Maintaining industry knowledge by learning about new products and services on a regular basis.
  • Assisting clients in resolving any insurance claims.
  • Individualizing 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 properly filling out insurance applications in order to serve as a liaison between the customer and the insurance provider.

Their role also entails providing insurance advice, analyzing policy details, processing policy adjustments and renewals, and any other services the client requires. Most importantly, being a Life Advisor necessitates excellent customer service.

How is a Life Advisor trained?

1· Pre-appointment: You will attend online training as per your convenience

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

 Field Training: Your manager is available online as well as on field to train and skill you

Why to become a Life Advisor?

1· Great earning opportunity

 Work at your convenience

 Great learning opportunity

Why you should become a Life Advisor with Max Life Insurance?

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

Great earning opportunity: An opportunity to earn first year commission and build renewal income

Put smiles on faces: Protect people with a financial cover and give them a secure future

Learning opportunity: An opportunity to learn, for your professional and personal growth in an experiential manner

Rewards & Recognition: Get recognized across Regional, National & Global forums for your hard work 

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

Becoming a Life Advisor is not different from any other business opportunity. You have to learn the nuances of the trade and polish your skills to become a strong force. As a Life Advisor, you can choose your targets and work at your pace to achieve them. Working as a Life Advisor, you can help people build a financially secure future for their loved ones and themselves. At the same time, you make a name for yourself – 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 should you become a Life Advisor with Max Life Insurance?

Why should you become a Life Advisor with Max Life Insurance?

FAQs

FAQs

✅ Do Life Advisor make a salary?

A Life Advisor typically earns a salary from the insurance business, as well as a commission or incentive based on sales.

✅ How easy is it to be 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. You would need an insurance broker license and you are set to become a Life Advisor.

✅ What is the difference between a captive Life Advisor and an independent Life Advisor?

They are two types of Life Advisors. The main difference between the two 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 the 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 Advisor need?

Some of the skills that Life Advisor must have are problem solving, customer service, communication, 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. 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 Advisor:

1) Teacher : As a teacher, you have several qualities that will help you become a good advisor. For example, good communication skills, patience, understanding, 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. Earn more from your own business by helping your customers with best suited insurance products. Your relationship with your existing customers will help you succeed 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 have 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 the exam is clear, you officially become a Life Advisor with Max Life Insurance .

Below are the details of recruitment process:

1. Screening interview

Visit our nearest branch office to get acquainted with Max Life Insurance

2. Career seminar

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

3. Project evaluation

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

4Career interview

Personal interview after which you can become a Life Advisor with Max Life Insurance.

✅ Why should you become a Life Advisor?

As a career, becoming a Life Advisor 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. In these testing times, when the masses are isolated from society and have some time on their hands, they have the opportunity to earn income from home easily by becoming a Life Advisor.

It is never a bad idea in increasing the incoming income to the family. Thus, college graduates, retired individuals, stay-at-home mothers and individuals looking to amplify their earnings can become a Life Advisor.

✅ 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 the rush of making sales.

2) You Get to Be Your Own Boss

As a Life Advisor, you can utilize your entrepreneurial inclinations and passion for building your own business. When you decide to work for yourself as a Life Advisor, you have the flexibility to work as per your schedule. You can develop your own system for attracting, meeting and developing clients. When you become a Life Advisor, you can invest your time and resources to maximize 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. By becoming a Life Advisor, you can make sure that your income is only limited by your desire of 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

Be the difference in the lives of people as you will not only earn for yourself, but will protect the financial future for many.

✅ What are the Types of Life Advisor in India? 

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

a. Internal Sales Advisor

b. Becoming an internal sales advisor (also known as an in-house advsior), you have to work as an employee for the insurance carrier.

c. Captive Sales Advisor

d. As a captive sales advisor, you will work for one organization or company. 

e. 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?

Working as a Life Advisor, you must assist in the advertising and sale of different insurance products and services to your customers. Thus, being a Life Advisor, you have the following responsibilities -

1) You must have an in-depth understanding and customary awareness about the various markets

2) You must provide sound and dependable financial consulting services and customer support to your clients

3) You must be adept in Business Development tactics to augment your skills as a Life Advisor

4) You must provide your inputs to develop marketing strategies and illustrations for brand promotions

5) You must 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 Intermediate (10+2) pass. Thus, you can become a Life Advisor after passing 12th standard or an equivalent examination conducted by any state/centrally recognized Board/Institution.

Furthermore, according to Regulation 5 of the IRDA (Licensing of Insurance Advisor) /Regulations, 2000), you can obtain or renew your license of 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 people become a Life Advisor?

While retired people earn a decent salary in the working years, the source of income become scarce once they retire. If they don’t have any retirement savings or are unable to provide for themselves financially post-retirement, depending upon others is the only possible option. By becoming a Life Advisor, they can make sure that you earn a steady income without the hassles of working in an office environment or having fixed work timings.

On becoming a Life Advisor, one can make a difference to the lives of other people, helping them protect the future of their loved ones against the uncertainties of life. While doing so, they can not only spend their retirement being productive, but it will have complete control over your work. 

✅ Why should housewives become Life Advisor?

As a Life Advisor, you can positively impact other people's lives by helping them to build assets, create and transfer wealth from parents to their children, and plan for retirement. The insurance industry offers you an opportunity of a lifetime to make a difference in the social fabric 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 a Life Advisor?

Fair chance to earn more based on performance. In today's world, having a work-life balance goes a long way in determining our happiness. Working in a corporate environment, however, it often becomes 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 is one such career opportunity that allows one to have complete autonomy over choosing the work hours and pay.

Furthermore, one can work at their own pace in a career that allows you to travel to different places and meet different people. As a Life Advisor, one 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 Life Advisor you can become ?

The license 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).  

Not needed Being an IRDAI-licensed Life Advisor, you can also represent other financial sector entities such as the National Small Savings Organisation and mutual funds. Your Life Advisor license 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, one is also responsible for collecting the required documentation and help policyholders throughout their insurance buying journey and policy tenure.

If you plan to become a Life Advisor, you have to undergo the requisite training, pass an examination and earn your duly-accredited license 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 at the time of filing claims. 

✅ Who all can become a Life Advisor in India?

In India, starting a career by becoming 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 the World Bank, only 27 percent of adult female population in India either had a job or were actively looking for one[1] in 2012. In comparison, 79 percent of the male population was employed during that period. Furthermore, approximately 20 million of women left their jobs between the year 2005 and 2012.

Subsequently, India ranks at 120th place among 131 countries, when it comes to participation of the female labour force in the economy. The economic contribution of Indian women at 17% of GDP, is less than half of the global average. Studies show that if approximately 50% of Indian women could join the workforce, the GDP could grow by 1.5 percentage points.

 The work profile of a Life Advisor allows stay-at-home mothers, and other people to become financially independent, 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 MaxLife Insurance

What do Life Advisors think about MaxLife Insurance

ARN: PCP/BAA02

Want to know the chances of you 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 the chances of you 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 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 us 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 incase 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