Uploaded on Jun 29, 2024
A career as an insurance agent offers an excellent opportunity for women looking to start or restart their professional journeys. With women entrepreneurship steadily rising in India, the insurance industry presents abundant opportunities for women to establish a rewarding career with sustained long-term income potential.
Learn how selling Insurance Policies is empowering women in their careers.
INSURANCE POLICY
KNOW HOW SELLING
POLICIES HELPS
WOMEN IN THEIR
CAREERS
According to the IRDAI annual report 2021-22, by
March 2022, India's l i fe insurance industry had
24.50 lakh agents. Out of these, 7 lakh are
women, making up 29% of the workforce, while
17.43 lakh are men, accounting for 71%.
A career as an insurance agent off ers great
opportunities for women looking to start or
restart their careers. With the rise of women
entrepreneurship in India, the insurance industry
provides women with rewarding and sustainable
income options.
1 Who is an Insurance Agent
. Woman?
An insurance agent woman sells insurance
products on behalf of an insurance company or
broker. She assists cl ients in purchasing
diff erent types of insurance, such as general
and l ife insurance policies. There are two main
roles: as an agent, she can represent up to 5
insurance companies with a single l icense; as
a Point of Sales Person (PoSP) under an
insurance broker, she can work with multiple
companies without restrictions.
2.Education Requirement for Women's
Insurance Agent
The following are the basic criteria that you
must fulfi l to become an insurance agent:
• Have passed the 10th standard or equivalent.
• Be at least 18 years old.
• Get certifi ed by IRDAI.
• Obtain a state l icense through a state-level
exam (required for insurance company agents).
3.Benefi ts of Becoming an Insurance
Agent for Women:
Benefi ts of Becoming an Insurance Agent for
Women:
• Flexible Working Hours: Set your own schedule to
balance work and personal l i fe.
• Zero Investment Needed: Start without upfront
costs, focusing on learning and sell ing skil ls.
• Start Early: Begin your career at 18, leveraging
the insurance industry's opportunities.
• Digital Sales Opportunities : Uti l ize digital
platforms for sales, enhancing career prospects in
a tech-driven world.
4.Responsibil ity of an insurance
agent
• Provide expert advice tailored to cl ient needs.
• Assist with policy servicing and adjustments.
• Support cl ients with claim submissions.
• Ensure timely policy renewals and updates.
• Manage commissions and payments.
• Stay updated through continuous learning and
training.
5.Tips on Being a Good Insurance
Agent
• Communication Skil ls : You should be able to
explain insurance policies clearly and l isten well
to understand what cl ients need.
• Honesty: Always be upfront about policy details
and avoid promising things that aren't true.
• Knowledge of Insurance Products : Understand
diff erent types of insurance well so you can
recommend the best options for your cl ients.
THANK YOU
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WOMEN-BECOME-FINANCIALLY-INDEPENDENT
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