A Life Insurance Agent is well versed with the need of the clients to insure their life and health. He/She advises, provides options about various insurance products/service available. They help the insured person to get their claims settled.
Personal Competencies
• You have good communication skills
• You can persuade/convince people to your way of thinking
• You pay attention to details
• You are good in keeping records
Entry Pathway
Minimum Qualification
• After completion of class 12 you can enrol in National Skill Qualification Framework (NSQF)* Level 4 course for Life insurance Agent
*NSQF is a nationally integrated education and competency—based framework that enables persons to acquire desired competency levels in c chosen field. NSQF includes vocational education vocational training, general education and technical education which prepares an individual for the iob market with competent skills. An individual may return at any time to upgrade skills after gaining experience
Where will you study?
GOVERNMENT INSTITUTES
1. National Insurance Academy (NIA), Pune
2. Institute of Insurance and Risk Management (IIRM), Hyderabad
3. Insurance Institute of India, Mumbai
4. Insurance Regulatory and Development Authority of India, Hyderabad
Fees
A majority of government schemes are free
Scholarships & Loans
SCHOLARSHIPS
• Visit the National Scholarship Portal for details on ITI registered with NSP: scholarships.gov.in/fresh/onlinelnstituteSearchlndex
• Visit buddy4study.com for details on scholarships for ITI/VocationaI Training: buddy4study.com/article/iti-scholarships
(Availability of these scholarships can vary from time to time)
Where will you work?
Places of Work: Insurance companies, banks, insurance agencies.
Entrepreneurship: After gaining experience for some years you can open your own insurance agency.
Work Environment: You will have to work for 8/9 hours for 5/6 days in a week. It is a target driven job - to achieve this you may have to work overtime. This work involves travel.
Opportunities for work exist for differently abled in this field
Expected Growth Path
Insurance Agent → Insurance Area Manager → Regional Head
Expected Income
The approx. salary of a Life Insurance Agent ranges between INR 8,000 — 15,000* per month.
Rajeshwari Jandhyala stepped into insurance selling at the age of 42, broke the glass ceiling, found a sound financial footing and is now inspiring others to take this journey. "It started with a strong desire to financially support my family and an advertisement by SBI Life Insurance, inviting to be financial advisors with them. It took time for me to convince people to make space for insurance in their financial portfolio back then. Initially things moved slowly but then I started visiting government offices, meeting employees and seeking permission to make group presentations and things moved forward slightly." The income in the field
can range from Rs. 50,000 to Rs.50 lakh depending on your sales portfolio. Besides, regular contest and incentives by the insurance company also supplement the income.*
LIFE INSURANCE AGENT
NCS Code: 3321.0100 | BF022• You have good communication skills
• You can persuade/convince people to your way of thinking
• You pay attention to details
• You are good in keeping records
Minimum Qualification
• After completion of class 12 you can enrol in National Skill Qualification Framework (NSQF)* Level 4 course for Life insurance Agent
*NSQF is a nationally integrated education and competency—based framework that enables persons to acquire desired competency levels in c chosen field. NSQF includes vocational education vocational training, general education and technical education which prepares an individual for the iob market with competent skills. An individual may return at any time to upgrade skills after gaining experience
GOVERNMENT INSTITUTES
1. National Insurance Academy (NIA), Pune
2. Institute of Insurance and Risk Management (IIRM), Hyderabad
3. Insurance Institute of India, Mumbai
4. Insurance Regulatory and Development Authority of India, Hyderabad
A majority of government schemes are free
SCHOLARSHIPS
• Visit the National Scholarship Portal for details on ITI registered with NSP: scholarships.gov.in/fresh/onlinelnstituteSearchlndex
• Visit buddy4study.com for details on scholarships for ITI/VocationaI Training: buddy4study.com/article/iti-scholarships
(Availability of these scholarships can vary from time to time)
Places of Work: Insurance companies, banks, insurance agencies.
Entrepreneurship: After gaining experience for some years you can open your own insurance agency.
Work Environment: You will have to work for 8/9 hours for 5/6 days in a week. It is a target driven job - to achieve this you may have to work overtime. This work involves travel.
Opportunities for work exist for differently abled in this field
Insurance Agent → Insurance Area Manager → Regional Head
The approx. salary of a Life Insurance Agent ranges between INR 8,000 — 15,000* per month.
Source: https://bit.ly/3vVdT8g
Experts from the field
Rajeshwari Jandhyala stepped into insurance selling at the age of 42, broke the glass ceiling, found a sound financial footing and is now inspiring others to take this journey. "It started with a strong desire to financially support my family and an advertisement by SBI Life Insurance, inviting to be financial advisors with them. It took time for me to convince people to make space for insurance in their financial portfolio back then. Initially things moved slowly but then I started visiting government offices, meeting employees and seeking permission to make group presentations and things moved forward slightly." The income in the field
can range from Rs. 50,000 to Rs.50 lakh depending on your sales portfolio. Besides, regular contest and incentives by the insurance company also supplement the income.*
Source: https://moneymonc.com/how-raieshwari-took-the-leap-of-faith-at-42-to-become-one-of-the-most-successful-lifeinsurance-agents-for-sbilife/
*The above information is for training purposes only and will not be used for any commercial gains
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