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Become an Insurance Agent

By becoming an insurance agent, 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 an insurance agent?

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How to Become an Insurance Agent with Max Life Insurance?

You have the following options to become an insurance agent 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 from home?

In these testing times, we prefer you stay at home safe and sound. To become an insurance agent 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 what a life on insurance agent looks like, we have explained the details for you:

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Who all can become an Insurance Agent?

Homemakers
Retired
Self-employed
Students
Financial Consultants

Why becoming an insurance agent 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 an insurance agent for Housewives:

  • Become financially independent

  • Distinguishing identity for herself

  • Flexible working hours

  • Get recognized across Regional, National & Global forums

Benefits of becoming an insurance agent for Housewives

 

Benefits of becoming an insurance agent for Retired

 

Benefits of becoming an insurance agent for Retired:

  • Become financially independent

  • Distinguishing identity for herself

  • Flexible working hours

  • Get recognized across Regional, National & Global forums

Benefits of becoming an insurance agent for Self-employed:

  • Additional source of Income

  • Professional association with the leading brand

  • Leverage your existing network 

  • Get recognized across Regional, National & Global forums

Benefits of becoming an insurance agent for Self-employed

 

Benefits of becoming an insurance agent 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 an insurance agent 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 an insurance agent?

To become a Max Life insurance agent 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 an Insurance Agent do?

Insurance agent 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.

How is an Insurance agent 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 an Insurance Agent?

1· Great earning opportunity

 Work at your convenience

 Great learning opportunity

Why you should become Max Life Insurance Agent?

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 an Insurance Agent – Make a Name for Yourself

Becoming an insurance agent 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 an insurance agent, you can choose your targets and work at your pace to achieve them. Working as an insurance agent, 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 insurance agent in India. 

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

Why should you become a Max Life Insurance Agent?

Why should you become a Max Life Insurance Agent?

FAQs

FAQs

Who can become an insurance agent and what is the minimum eligibility criterion?

Any individual who wants to ensure a regular monthly income can become an insurance agent. 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.

Following are top professionals who can succeed as an insurance agent:

1)      Teacher : As a teacher, you have several qualities that will help you become a good agent. 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 Max Life Insurance Agent. 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 an insurance agent. Earn more from your own business by helping your customers with best suited insurance products. Your relationship with your existing customers will will help you success as an insurance agent.

Below is the eligibility criterion to become an insurance agent:

·         Minimum Age : 18 years

·         Education : 12th Pass

How to become an insurance agent?

How to become an insurance agent?

You have 3 options to become a Max Life Insurance agent  agent:

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 IRDA exam. Once the exam is clear, you become an official Max Life Insurance agent.

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 an insurance agent

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 Max Life Insurance agent

Why Should You Become an Insurance Agent?

As a career, becoming an insurance agent (or an insurance advisor) is a productive and stress-free job opportunity.  On choosing to become an insurance agent 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 an insurance agent.

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 insurance agents.

What are the Benefits of Becoming an Insurance Agent in India?

As an insurance agent, 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 an insurance agent is 18 years – right after you complete your class 12th. By starting your career as an insurance agent, 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 an insurance agent, you can utilize your entrepreneurial inclinations and passion for building your own business. When you decide to work for yourself as an insurance agent, 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 an insurance agent, 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 an insurance agent. By becoming an insurance 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 an insurance agent, 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 an insurance agent 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 Insurance Agents in India?

Categorically speaking, there are many types of insurance agents, including the following:

a. Internal Sales Agent

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

c. Captive Sales Agent

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

e. Independent Insurance agent

Being an independent Insurance Agent/Insurance 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 an Insurance Agent in India?

Working as an insurance agent, you must assist in the advertising and sale of different insurance products and services to your customers. Thus, being an insurance agent, 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 an insurance agent

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 an Insurance Agent?

As per Regulation 4 of the IRDA (Licensing of Insurance Agents) /Regulations, 2000, the minimum age to become an insurance agent is 18 years while the minimum education is Intermediate (10+2) pass. Thus, you can become an insurance agent 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 Agents) /Regulations, 2000), you can obtain or renew your license of an insurance agent 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 insurance agent license

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

What are the mandates for becoming an agent in India?

 To become an insurance agent in India, you must pass the IRDAI IC 38 pre-recruitment qualification exam. The exam is conducted by institutes sanctioned by IRDAI.

2· If you want to become an insurance agent, you are expected to register online via IRDAI's portal. As part of the registration, you have to fill out some forms and upload them. subsequently, you have to make an online payment to complete the registration. After registration, you receive the date and timing of your exam to become an insurance agent.

3· Study material for the insurance agent exam is available on the IRDAI website, to help you understand the various aspects of starting a career as an insurance agent in India. the study material is available in multiple languages including Bengali, English, Hindi, Gujarati, Marathi, Kannada, Tamil, Malayalam, Punjabi and Telugu. 

Why should retired people become life insurance agents?

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 an insurance agent, 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 an insurance agent, 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 insurance agents?

As an insurance agent, 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 an insurance agent, 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 an insurance agent, 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 insurance agents?

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 an insurance agent 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 an insurance agent, 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 types of Insurance can you become an agent for?

The license for becoming an insurance agent in India can be for general insurance, life insurance, or both. Furthermore, being an insurance agent 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 insurance agent, you can also represent other financial sector entities such as the National Small Savings Organisation and mutual funds. Your insurance agent license stays valid for a period of up to three years. 

Who is an Insurance Agent?

An Insurance Agent or insurance advisor is essentially a point of contact between an insurance company and their customers. In other words, an insurance agent helps individuals with finding insurance products that align with their needs and requirements. As an insurance agent, 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 an insurance agent, 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 insurance agent/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 insurance agents in India?

In India, starting a career by becoming an insurance agent 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 an insurance agent 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 other Agents think about MaxLife

What other Agents think about MaxLife

ARN: PCP/BAA02

Want to know the chances of you becoming an agent?

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

Want to know the chances of you becoming an agent?

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

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 an Insurance Agent?

Ready to become an Insurance Agent?

Let’s Connect

Let’s Connect

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

online@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)
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Please write to us incase of any escalation/feedback/queries.

Write to us
NRI Helpdesk
0124 - 5098162; 0124 -  4905150
(9:00 AM to 6:00 PM Monday to Saturday)

nri.helpdesk@maxlifeinsurance.com