Agent

About Insurance advisor

An insurance advisor is an intermediary who brings together the insurance company and the customer and helps in generating a sale. Furthermore, the advisor is tasked with advising clients on the right product, assisting in filling up of forms, helping clients at the time of a claim, etc. Thus, an advisor plays multiple roles.

Why people choose a career in insurance?


Individuals favour 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

  • Be their own boss and work as per their own will

  • 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, sit 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 enrol 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 commission earned on the policies

  • There is an examination held after your training. This examination is prescribed by the Insurance Regulatory and Development Authority
    of India (IRDAI). You can take the exam online or offline through online exams are more popular. commission earned on the policies

  • If the exam is cleared you can get your license and become an advisor.
    commission earned on the policies


Once you enrol 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.