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| FAQs
If you have any queries about becoming an advisor,
they are answered in this section. The FAQs will give you
the information you need to know.
| Who
can become an Agent? |
| Person, that is an individual, or a firm,
company formed under companies act an become an agent.
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What is an Examining Body? |
| It is an institution which conducts pre_recruitment
test for the insurance agents and recognized by the
Insurance Regulatory and Development Authority. |
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What is license? |
| It is a certificate to act as an insurance
Advisor issued by the authority. License is a must before
starting the life business. |
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What is training? |
| It is a compliance Training by IRDA for
50 hours and 9 days to become an advisors. It includes
orientation in insurance sales, service and marketing.
The modules for the training are approved by IRDA. |
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Can I become a Agent? |
| Yes you can, if you are 12 th standard
or equivalent in urban areas. Otherwise 10 th or equivalent
in rural areas. 18 years old and should have completed
50 hours training. |
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How much fee should I pay? |
| Fees payable to issue the license to act
as an insurance agent is 500/- only. |
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How long is the license valid? |
| The licence is valid for 3 years and after
that it is renewed based on renewal training of 25 hours
and the fees payable is `1000/-. |
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Is there anything I need to know before becoming an
agent? |
| Yes, that is Code of conduct. It gives
the do's and dont's of business after becoming an agent..
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