Whether you want to make some side income or pursue a full-time profession, becoming a home insurance agent can be beneficial in today’s fast-evolving financial world. With the increasing number of platforms offering online insurance services, it has become easy for home insurance agents to get customers and sell more policies.

This post explains everything you need to know, from the eligibility to the steps involved in starting your journey as a home insurance agent in India.

How to Become a Home Insurance Agent?

Becoming a home insurance agent in India has a systematic and simple procedure that involves minimal qualifications, regulated training, and licensing. The Insurance Regulatory and Development Authority of India (IRDAI) requires anyone interested in selling insurance products to first become a licensed Point of Sales Person (POSP).

A POSP is an agent who has completed the required training and certification and has the right to sell insurance products such as auto, health, and house insurance on behalf of insurers or distributors. Here's a step-by-step guide on how to get started for home insurance agents:

1.    Fulfil the Eligibility Criteria

To become an insurance agent/PSOP, you need to be at least 18 years old and have successfully passed the 10th class examination from a recognized board. It is not compulsory to have prior experience as an insurance agent, making it easy to enter the insurance industry.

2.    Select a Reliable Insurance Partner

Choose an authorized insurance distributor or platform to start your journey. Quickinsure has a range of policies from multiple insurers. Moreover, our onboarding process is quite easy.

3.    Apply to Become a POSP Candidate:

Register as an insurance POSP by completing the required formalities, which include providing Aadhaar, PAN for KYC, educational certificates, and a passport photograph.

4.    Finish the POSP Training:

Complete a 15-hour compulsory online training program certified by IRDAI. This course includes basic insurance topics, the ethics of behaviour while seeking insurance products, and legal requirements.

5.    Pass the IRDAI Certification Exam:

After completing the IRDAI-approved training, you must clear the online exam conducted by IRDAI. After passing this exam, you will get an IRDAI-approved certificate for selling home insurance, other general insurance products such as health insurance, travel insurance, theft insurance, and selected life insurance products. 

6.    Begin Selling Insurance Products:

Once licensed, you can use digital tools for comparing policies, making estimates, and offering policies directly from your laptop or mobile device. 

By following these steps, you may begin your career as a qualified home insurance agent and start making money immediately.

Who Can Become a Home Insurance Agent?

Individuals interested in exploring various insurance products and selling them to suitable customers can become home insurance agents. The main requirement is to fulfil the eligibility criteria set by the IRDA and complete the certificate exam.

Those eligible for a career as home insurance agents are:

●      Students (over 18 years) seeking part-time income.

●      Employed individuals who are looking for a secondary income stream.

●      Mothers or stay-at-home parents.

●      Retirees who want to stay active and financially independent.

●      Existing agents for other investment tools (such as mutual funds or real estate).

●      Anyone who has passed the 10th grade.

Steps to Join Quickinsure as a Home Insurance Agent

It's very easy to partner with Quickinsure and become a certified home insurance agent. Here are the steps:

1.  Sign Up: Begin by adding your basic details and completing OTP verification.
   
   2. KYC Upload: Submit required documents such as Aadhaar card, PAN card, and educational certificates (10th/12th/Graduate/Postgraduate).
   
   3. Training & Test: Once verified, you’ll receive a link for the mandatory 15-hour training session followed by an MCQ-based assessment.
   
   4. Additional Uploads: Upload your recent photo, signature, and bank statement for verification.
   
   5. Certification: After successful verification, your POSP code will be generated, marking the start of your business journey with Quickinsure.

To Wrap Up

Home insurance agents have the opportunity to earn higher incomes because of fewer entry barriers to this industry and the growing demand for insurance among individuals.

Quickinsure provides access to over 50 insurers, rapid policy issuance, and personal support to help you grow as an insurance agent. Begin your journey with us today and kickstart a successful insurance career.

FAQs

1.    What are the key skills required to become a Home Insurance Agent?

To become a successful home insurance agent, you need to have excellent communication skills and marketing and selling skills. Also, you need to have good knowledge about insurance products, digital tools used in the industry, and how to offer the best customer service.

2.    What are the educational requirements to become a Home Insurance Agent?

You should have passed at least the 10th grade from an approved educational board.  No advanced degrees or previous work experience are necessary for an application for home insurance agents.

3.    How can I make money by becoming a Home Insurance Agent with Quickinsure?

You earn commissions for each policy sold through Quickinsure's platform. The more insurance policies you sell, the greater your compensation, incentives, and bonuses will be.