A professional who sells the products of an insurance company in exchange for a commission is known as aninsurance agent. The agent’s job is to help consumers choose the right insurance policy to buy while representing the insurance company in the transaction. An insurance agent simply acts as the final link between the individual investor and the insurance company.
A career as an insurance agent is one of the best job opportunities available these days. The Indian insurance market is expected to quadruple in size in the next ten years. Despite being the second largest populous country in the world, the penetration rate of India in the insurance sector is only 3.42% which is far below the global average rate of 6.2%. This means that India still has a large untapped potential in the insurance sector. So if you are looking to get on this money ride through employment, becoming an insurance agent is one of the simplest jobs you can consider.
Whether you become an agent for life or a general insurance company, you will enjoy extensive monetary, personal and social benefits. Let us look at some of the benefits of becoming an insurance agent: –
One of the most significant advantages of choosing a career as an insurance agent is the ease of entry. Most insurance agents need to have completed only senior secondary school. You can become an agent right after completing the 12th standard. All you need is passion and thrill for the hunt and the rush of sale.
If you have a passion for entrepreneurship and an inclination to build your own business, you should become an agent. By working for yourself, you can schedule your work and develop a way to attract and build clients. In this business, the more time and resources you invest, the more returns you will make. All you need is the mindset to sell insurance in the best possible way.
Since the insurance sector has a vast untapped potential, your income will only be limited by your desire once you become an agent. There is always a way to earn more with a little more effort. The best part about becoming an agent is that you can build large streams of cash flows with a one-time effort that can be maintained with minimal effort. Once you sell an insurance policy, your earning is not limited to the first year. You will earn in renewals as well, which can go up to a long time. Therefore, every effort you make over time will only increase your income further.
Most office jobs are usually from 9 am to 6 pm, but an insurance agent enjoys the benefit of flexible timings. Being an insurance agent, you have the freedom to work at your convenience and even establish your office at home or away. Homemakers and retired people can use this opportunity to become financially independent and contribute to their household income.
Insurance agents make a positive impact on people’s lives as doctors and teachers do. As an insurance agent, you help people build assets so they can take care of their child’s education, retirement funds, or any other financial goals. Insurance is a unique financial instrument that can prevent businesses and families from falling apart. The insurance sector gives you an opportunity to make a difference in people’s lives.
Once you become an insurance agent in a reputed insurance company, you will get the opportunity to develop your professional and personal skills under the guidance of industry experts. The insurance industry strives to give quality training to support its agents through seminars and workshops.
As an insurance agent, you will get an opportunity to experience a variety of national and international recognition forums. For example, Asia’s Trusted Life Insurance AgentsMillion Dollar Round Table(MDRT) memberships are some of the big recognition forums for life insurance agents.Qualifying for various awards may be rigorous, but it can project you on an international stage. Although your earnings as an agent are always there, recognition is a cherry on top.
There is no monetary investment required to become an insurance agent. Time and effort are the only investment needed. And once you become an agent, there is no upper cap to your income. You can go as high as you like.
If you are looking for a job opportunity where you can be your own boss, becoming an insurance agent will suit you well. As an agent, you will not only make money for yourself, but you will also help people build a financially safe future for themselves. If this is something that interests you, there are many opportunities waiting for you. You can consider becoming an insurance agent for Max Life Insurance. They are a reputed insurance company where you can make a distinguished identity for yourself and get recognized across regional, national, and international forums.