Over the past few years, there has been an increasing demand for insurance policies across India due to growing life uncertainties. This has created a wider requirement for insurance agents to assist individuals across the nation. A certified insurance agent is authorized to sell various types of insurance policies including health, life, travel, bike, car insurance, and general insurance. In Thane, the increasing awareness of financial security among individuals and the growing demand for insurance agent health professionals to secure well-being have increased the demand for insurance advisors across the city.

Who is an insurance advisor?

An insurance advisor is a working professional who assists many individuals and businesses in selecting insurance policies that best suit their needs. They offer pure advice on various insurance products that help clients understand the different terms, coverage, and premiums associated with a wide range of policies.

These insurance agents have to manage several responsibilities including:

Assessing the needs of clients

These agents analyze different needs and risk profiles of clients and offer them suitable insurance solutions based on their requirements. This involves the understanding of the financial situation of clients, their lifestyle, and future goals to provide personalized advice.

Client education

It is one of the primary roles of an insurance broker to educate clients about various insurance options, policy features, and the importance of coverage. This further helps clients to make informed decisions while choosing insurance policies based on their needs and budgets.

Product knowledge

Need to stay updated with the latest insurance products and industry trends. They need to acquire in-depth knowledge of various insurance policies. This includes gaining knowledge about individual health plans, critical illness plans, family floater policies, and more so that they can offer informed recommendations to clients.

Policy management

Moreover, insurance advisors are always there with their clients throughout the entire insurance process, right from selecting the right policy to managing claims and renewals. In simpler words, they act as the point of contact between clients and insurance companies, ensuring seamless communication and resolution to any of the issues they face during the insurance process.

Comparison Between Insurance Agents, Insurance  Advisors, and Insurance Brokers

Feature	Insurance Agents	Insurance Brokers	Insurance Advisors
Primary Representation	Insurance company or companies	The client or customer	The client or customer
Role	They sell insurance policies for one or more specific insurers	They help clients find suitable policies from multiple insurers by comparing options	They offer comprehensive risk and financial advice, helping clients assess and protect against risks
Product Scope	The scope of the products is limited to the products of the company or companies they represent	They can offer a wider variety of products from many different insurance companies	They provide a wide range of insurance products, tailoring comprehensive plans to meet diverse client needs.
Goal	They sell the policies of the company they are associated with	Their aim is to offer the best coverage for the clients at the best price	They offer personalized guidance to clients to manage their risk
Compensation	They receive salary, commission and sometimes both	Significant commission from the insurer, sometimes a fee from the client	They receive fee for the services they provide, based on the value of coverage the client chose
Client interaction	Straightforward transaction, often more personal with a limited customer base	A comparative and consultative process to find the right policy	A long-term, consultative relationship to manage risk and financial planning needs

Who Is an Insurance Broker in Thane?

Anyone can become an insurance agent in Thane with some simple and specific skills, which are as follows:

●        Any person who has efficient communication skills to sell basic and customized insurance plans to the general public can opt for becoming an insurance agent.

●        Moreover, a licensed insurance advisor is authorized to work with one general insurance company, one life insurance provider, and one standalone health insurance company simultaneously.

●        An insurance advisor in Thane gets a high commission if he sells high-risk and customized policies. The key roles of an insurance agent include marketing personalized policies, helping customers to get the best insurance policies as per their requirements, and offering customized solutions.

What Are the Essential Documents Needed for Becoming an Insurance Advisor in Thane?

Following is the list of documents that aspirants are required to submit at the time of the registration process of becoming an insurance agent:

●        Copy of PAN card

●        Colored passport-size photographs

●        10th class mark sheets

●        Address proof such as passport, driving license, Aadhar card

●        A cancelled bank cheque

Eligibility Criteria to Apply for Insurance Advisor in Thane

There are certain eligibility criteria that are needed to become an insurance broker in Thane, which are as follows:

●        One of the basic requirements for becoming an insurance advisor is meeting the age criteria. The applicant must be 18 years old.

●        Another important eligibility requirement is meeting the educational qualification of the individual. The applicant must have passed the 10th examination.

●        Most importantly, the insurance agent should obtain a training certificate from an IRDAI-approved institution. This training is mandatory to become an insurance agent. It has a duration of 15 hours for a POSP agent and 25 hours for an insurance agent.

Steps to Become an Insurance Advisor in Thane with Quickinsure

Here are a few steps that you need to follow to get comprehensive assistance from Quickinsure:

Step 1: Download the Quickinsure Mobile App from Google Play store

Step 2: Sign up with the App and register by providing your basic details, such as name, mobile number, email, and location.

Step 3: After that you need to apply for the required documents, including Aadhaar Card, PAN Card, bank account details, and educational qualification certificate.

Step 4: Undergo a 15-hour online training program covering insurance basics and policy types.

Step 5: Take and pass the online exam mandated by IRDAI to get certified as a Point of Sales Person (POSP).

Step 6: Review and sign the official POSP agreement to formalize your partnership with Quickinsure.

Step 7: Upon successful completion, receive your POSP ID and start selling insurance policies.

Key Benefits of Joining Quickinsure’s Insurance Advisor Program

Here are the key benefits of opting for the advisor program provided by Quickinsure:

●        The online platform offers a timely and competitive commission structure aligning with the industry standard.

●        This reliable platform offers aspirants knowledge about several insurance products, including motor, health, life, and travel insurance policies.

●        It also helps aspirants to get instant quotes and policy issuance, saving their valuable time.

●        This smart platform also offers advanced tools that would help them sell their products efficiently.

●        Moreover, it offers dedicated support from relationship managers from 9am to 10pm all 7 days a week.

●        Quickinsure also provides a national reach to applicants and clients and offers all-India inspection support.

●        Most importantly, this program provides a full map of the certification and compliance path, starting from registration and training and continuing through the examination process to getting contracts.

Conclusion

Starting your career as an insurance advisor in Thane can open the door to stable income, industry recognition, and long-term growth. With Quickinsure, you get end-to-end support, starting from registration and training to certification and sales assistance. If you're ready to build a rewarding career in insurance, connect with Quickinsure’s experts today and begin your journey with confidence.

Looking forward to starting your career as an insurance advisor in Thane? Connect with Quickinsure experts to reach your goal with the best assistance!

FAQs:

1. What is the minimum qualification required to become an insurance advisor in Thane?

You must be at least 18 years old and have passed the 10th standard to register as an insurance advisor.

2. How long is the mandatory IRDAI training program?           

IRDAI mandates 15 hours of training for POSP agents and 25 hours for insurance agents.

3. What documents are needed for the registration process?

You need your PAN card, Aadhaar card, address proof, 10th marksheet, photographs, and a cancelled cheque.

4. How does Quickinsure help new insurance advisors?

Quickinsure provides training, certification support, instant quotes, advanced tools, and dedicated relationship managers.

5. Can an insurance advisor work with multiple insurance companies?

Yes, a licensed advisor can work with one life insurer, one general insurer, and one standalone health insurer at the same time.