About Insurance advisor
Why people choose a career in insurance?
Individuals prefer a career in insurance because of the various benefits it has. As a financial advisor, individuals can .
- Be their own boss and work as per their own will.
- Have an opportunity to earn unlimited income.
- Earn rewards and recognitions beyond the attractive commission earned on the policies.
Thus, due to these benefits, people want to become an insurance advisor.
Steps to become an insurance advisor with a specific insurance company:
As per the guidelines laid down by the IRDA (Insurance Regulatory and Development Authority), there is a process of becoming an advisor. To become an advisor you have to register yourself with a particular insurance company, undergo a specified insurance training, appear for an examination at a specified venue and pass the examination. Once you follow this process and clear the examination, you can become an insurance advisor.
Let’s understand the process in details –
- If you meet the qualifying criteria, you have to enroll for the agency.
- You have to submit your KYC details and documents and register with an insurance company whose advisor you want to become.
- After you have successfully registered, you have to undergo a training program of a specified duration. The duration depends on the type of agency which you want. This training is a class-room training which should be taken offline.
- There is an examination held after your training. This examination is prescribed by the Insurance Regulatory and Development Authority of India (IRDAI).
- After passing the exam you can get your license and become an advisor.
Once you enroll with any insurance company to become an advisor, you need to clear an IRDAI exam as well, to get your license to sell insurance policies.