In India, greater human beings than ever are getting financially conscious. Be it life insurance, fitness coverage, or motor coverage—there’s a developing demand for sellers who can provide an explanation for rules and assist human beings make the right picks. If you’re looking for a profession with bendy running hours, proper income, and an possibility to construct long-time period customer relationships, turning into an insurance agent may be your excellent move.
How to become Insurance Agent in India
Step 1: Who Can Become an Insurance Agent in India?
Before you begin, ensure you meet the basic criteria:
- You need to be 18 years or older
- Have finished at least Class 10 from a recognized board
- Hold legitimate ID proof – Aadhaar, PAN, and deal with evidence
That’s it—no diploma required, no fancy historical past. Even in case you’re a homemaker or a college dropout, you could become an agent if you’re willing to examine and build trust.
Step 2: Choose the Type of Insurance
There are specially three kinds of insurance dealers in India:
- Life Insurance Agents – Sell rules related to life cowl and funding-based plans like LIC or HDFC Life.
- General Insurance Agents – Deal with non-existence insurance like automobile, bike, travel, and domestic insurance.
- Health Insurance Agents – Focus on promoting guidelines like Star Health, Niva Bupa, or Care Health.
Some dealers prefer to grow to be composite marketers, because of this they may be licensed to promote both existence and general insurance.
Step 3: Register with an Insurance Company or Training Partner
Most fundamental insurers like LIC, ICICI Prudential, HDFC Life, SBI Life, Star Health, and Tata AIG will let you sign in without delay on their web sites.
Here’s a sample link for LIC’s business enterprise recruitment:
👉 LIC Agent Registration Portal
You’ll be asked to:
- Fill to your basic details
- Upload your files
- Schedule your education or exam
Alternatively, you could additionally sign in through IRDAI-legal training institutes or aggregators like Policybazaar or Quickinsure.
Step four: Complete the Mandatory IRDAI Training
As per IRDAI pointers, you must entire a schooling software:
- 50 hours of schooling for life/wellknown marketers
- 75 hours for composite dealers (each existence and non-existence)
Training consists of topics including:
- Basics of coverage
- IRDAI rules and policies
- Ethics and customer verbal exchange
- Claims and underwriting procedure
This schooling can be on-line or offline, relying on the institute or insurer.
How TDS on Insurance Premium Works in 2024: A Detailed Guide
Best Health Insurance Plans for Family 2025
Best Health Insurance Policy for Heart Patients in India
Best Health Insurance with OPD Coverage
Step 5: Clear the IRDAI Exam (IC38)
Once your training is accomplished, you need to appear for the IC38 examination, carried out by means of NSEIT on behalf of IRDAI.
Here’s what you must recognize:
- The examination is on line, available in multiple languages
- Consists of 50 a couple of-preference questions
- Passing marks: 35% or 17 correct answers
- Time: 1 hour
Once you pass, you’ll get a certificate that’s required to use on your license.
For exam registration and fee, go to:
👉 NSEIT IRDAI Exam Portal
Step 6: Get Your IRDAI License
Once you clean the exam:
- The coverage organization will help you observe for your IRDAI Agent License
- You’ll need to upload your IC38 certificates, image, ID/cope with evidence
- Once authorized, you’ll get your license via email
This license is legitimate throughout India, and you could officially start running as an coverage marketing consultant.
Step 7: Start Selling and Earning
Once you’re onboarded via the coverage enterprise, you’ll study on their product portfolio. You’ll get a completely unique agent code and advertising assist.
You can begin promoting:
- Term coverage
- Endowment plans
- ULIPs
- Health coverage
- Vehicle insurance
Your earnings will in general come from commissions—a percentage of every policy you promote. Over time, with renewals and referrals, this will end up a stable and growing profits supply.
Typical Income of an Insurance Agent in India
Here’s a realistic earning structure:
| Policy Type | Commission Rate | Average Premium | Estimated Earning |
|---|---|---|---|
| Life Insurance | 15% – 35% (1st year) | ₹30,000 | ₹4,500 – ₹10,500 |
| Health Insurance | 15% – 25% | ₹15,000 | ₹2,250 – ₹3,750 |
| Vehicle Insurance | 10% – 15% | ₹5,000 | ₹500 – ₹750 |
🔁 Plus, renewal commissions every year (usually 5% – 7%) without doing much.
📈 Many LIC agents even qualify for MDRT (Million Dollar Round Table) based on their annual business!
Pros and Cons of Becoming an Insurance Agent
✅ Advantages
- Flexible work hours
- No upper age limit
- Low investment, high earning potential
- Recognition programs like foreign trips, bonuses
- Residual income through renewals
❌ Challenges
- Requires people skills and networking
- Income is commission-based (no fixed salary)
- Takes time to build a stable client base
Final Thoughts
Becoming an insurance agent is more than just selling policies—it’s about guiding families to make smart financial choices. With the right training, ethical approach, and consistency, you can grow into a full-time advisor or even run your own agency.
It’s not just a job. It’s a career with purpose.