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 a chosen field. NSQF includes vocational education, vocational training, general education and technical education which prepares an individual for the job market with competent skills. An individual may return at any time to upgrade skills after gaining experience
• National Scholarship Portal - Please visit http://www.scholarships.gov.in. Under this portal there are Central Government schemes offered by different Departments, UGC/AICTE Schemes and State Schemes.* • Please visit http://www.buddy4study.com for details on available scholarships. This is a gateway to scholarships starting from Class XI
*(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 for 8 to 9 hours for 5 or 6 days in a week. It is a target driven job which means, 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*
Source - https://bit.ly/3vVdT8g *The figures are taken from NCS and are indicative and subject to change
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.*
Life Insurance Agent
NCS Code: 3321.0100 | V013Minimum 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 a chosen field. NSQF includes vocational education, vocational training, general education and technical education which prepares an individual for the job market with competent skills. An individual may return at any time to upgrade skills after gaining experience
Government Institutes
1. National Skills Development Corporation (NSDC): Visit https://www.nsdcindia.org/find-nsdc-training-centre
2. Jan Shikshan Sansthan (JSS): Visit https://nsdcindia.org/find-nsdc-training-centre-jss/
3. NIOS training centres: Visit https://voc.nios.ac.in/registration/locate-study-centre
4. List of NSQF centres: https://www.aicte-india.org/sites/default/files/Vocational%20institutions%20272%20recommended%20AY%202020-21.pdf
Online Course
Udemy - https://bit.ly/3wdMxdH
• A majority of government schemes are free
Scholarships
• National Scholarship Portal - Please visit http://www.scholarships.gov.in. Under this portal there are Central Government schemes offered by different Departments, UGC/AICTE Schemes and State Schemes.*
• Please visit http://www.buddy4study.com for details on available scholarships. This is a gateway to scholarships starting from Class XI
*(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 for 8 to 9 hours for 5 or 6 days in a week. It is a target driven job which means, 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
*The figures are taken from NCS and are indicative and subject to change
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-rajeshwari-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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