Becoming a health insurance agent can be a great job choice. You don’t need a strong educational background, and you can work when you want. Plus, you don’t have to invest any money.
In this article, we’ll explain how to become a health insurance agent. We'll also talk about why it's important to work with a good insurance company and how it can help your career.
Who is a Health Insurance Agent?
A health insurance agent is a licensed insurance agent who assists individuals, families, and businesses in acquiring health insurance. Their main role is to aid customers during crucial moments, whether it's guiding them to select the right policy for their needs or assisting them in the correct procedure for filing a claim when necessary.
Benefits of Becoming a Health Insurance Agent
Becoming an insurance agent can have several benefits. Some of these are listed below:
Insurance is a Growing Industry in India
Since Covid, more and more people in India are understanding the importance of insurance, especially for their health and their home. In the past, insurance was seen as something you spend money on, not something that helps you save. But after Covid, this view has changed. Now, people consider insurance as a way to protect their money in the future, not as an extra cost in their budget. For you, as an insurance agent, this is a great time to be in the business. The industry is growing fast, giving you a chance to grow too.
No Capital Investment Required
To become a health insurance agent, you don’t require any infrastructure or raw materials investment. Rather, the primary investment is your time and effort. The more effort you are willing to put into building your relationships and network, the higher will be your financial reward.
Unlimited Earning Potential with Steady Growth
As a health insurance agent, you have the potential to earn commissions ranging from 7.5% to 15%. Your income is based on how effectively you use your connections. As you expand your network, you can gather a substantial group of customers. This customer base will ensure a steady income over time, coming from new clients and policy renewals.
Noble Profession by Helping People in Times of Need
You'll be working closely with people to know what they need and find the best insurance solutions for them. By assisting clients in making smart decisions, you help them safeguard their finances during tough situations such as accidents or hospital stays. This provides a lot of intangible benefits in the form of blessings and good wishes from clients, and also tangible benefits in the form of more renewals and referrals.
Flexible Work Timings
You can decide when you work, giving you a good balance between work and personal life. Plus, you can arrange meetings with clients when it suits them, not just during regular hours. This can make clients happier and more likely to stay with you. It also allows you to have a better work life balance.
Eligibility Criteria to Become a Health Insurance Agent
To become a general insurance agent of any kind, there are certain requirements you must fulfil:
● You need to be at least 18 years old.
● You should have finished at least 10th-grade education.
● You must possess a valid Aadhaar Card and PAN Card.
Which Insurance Company Should You Associate with as an Insurance Agent?
When choosing the company you want to represent, make sure you go for highly recognised brand names, because this will be a huge benefit to you, especially early on when you don’t really have a reputation of your own that people know about. A good insurance company will provide you the training and development you need to do your job well, and they’ll also provide dedicated mentors who will take care of you when you are still learning the business of insurance. Moreover, insurance as a business is built on trust. Most of your potential customers don’t know you personally, so it will be inherently difficult for them to trust you at the beginning. But that’s where you can use the company’s reputation to your advantage. If the insurance company you are working with has a solid reputation, then your potential client will be more likely to trust you simply by association.
Becoming a health insurance agent can be a rewarding choice if you enjoy helping others and want to work for yourself. It doesn't require a lot of initial investment, just your time and dedication. Plus, the flexible working hours allow you to balance work and personal life.
With the insurance industry growing in India, there are many opportunities to help people protect their health and finances and simultaneously advance your career. By working with a reputable company, you will be able to gain the trust of your clients in your initial days before you build up your own reputation.