How to become a Motor Insurance agent?

A Motor Insurance Agent is a licensed professional who helps individuals and businesses obtain motor insurance policies. They work for insurance companies and act as intermediaries between customers and insurance providers.

Motor insurance agents provide expert advice and guidance to customers on different types of motor insurance policies, including car insurance, motorcycle insurance, and commercial vehicle insurance. They assist customers in selecting the appropriate insurance coverage based on their needs, budget, and risk profile.

In addition to selling insurance policies, motor insurance agents also provide customer support services such as helping customers file claims, resolving disputes, and answering questions related to insurance policies. They earn a commission from insurance companies for each policy they sell.

Role of a Motor Insurance agent?

The role of a Motor Insurance Agent includes:

  • Providing expert advice:

    A Motor Insurance Agent provides expert advice and guidance to customers on different types of motor insurance policies, including car insurance, motorcycle insurance, and commercial vehicle insurance. They help customers understand the coverage, benefits, and exclusions of different policies and assist them in selecting the appropriate insurance coverage based on their needs and budget.

  • Selling insurance policies:

    Motor Insurance Agents work for insurance companies and act as intermediaries between customers and insurance providers. They sell insurance policies to individuals and businesses and earn a commission from insurance companies for each policy they sell.

  • Providing customer support:

    Motor Insurance Agents provide customer support services such as helping customers file claims, resolving disputes, and answering questions related to insurance policies. They also provide post-sales services such as renewing policies, updating policy details, and assisting customers in case of any changes to the policy.

  • Conducting risk assessments:

    Motor Insurance Agents conduct risk assessments to determine the level of risk associated with insuring a particular vehicle. They analyze factors such as the make and model of the vehicle, the age and driving record of the driver, and the purpose of the vehicle to determine the premium that the customer will have to pay.

  • Keeping up-to-date with industry changes:

    Motor Insurance Agents stay up-to-date with the latest industry changes, such as new policies, regulations, and trends. This helps them provide better advice and services to their customers and ensure that they are compliant with all the relevant regulations.

Here is the process to be followed for becoming a Motor Insurance Agent:

You must be at least 18 years old and have a high school diploma or equivalent to become a life insurance agent. Hereinafter, you have to complete 50 hours of pre-licensing training and pass a licensing exam. The exam covers topics such as insurance regulations, policy provisions, and ethical practices. Once you have completed your training and passed the examination conducted by the IRADAI you might need to undergo a criminal background check and be fingerprinted before you can be licensed.

Now, after passing the exam and completing the background check, you can apply for a life insurance license from your state's insurance department.

Lastly, you can join an insurance company or agency and begin working as a life insurance agent. Many agents prefer to join an insurance company or agency, while others work independently as a Point of Sales Person (PoSP). All you require to become a PoSP is a high school diploma. A PoSP should pass an examination after completing a 15-hour training program. This 15-hour training programme grants them a certificate effective for five days. PoSP agent partners must take the exam within the next five days. Formerly, trained PoSP could only be certified by the National Institute of Electronics and Information Technology (NIELIT). But, PBPartners provides you with this service so you can achieve the next big milestone towards your career.