Build your career in insurance by becoming an insurance agent


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About Insurance agent

An insurance agent is an intermediary who brings together the insurance company and the customer and helps in generating a sale. Furthermore, the agent is tasked with advising clients on the right product, assisting in filling up of forms, helping clients at the time of a claim, etc. Thus, an agent plays multiple roles.

Why people choose a career in insurance?

Individuals favour a career in insurance because of the various benefits it has. As an agent individuals can –


  • Be their own boss and work as per their own will
  • Have an opportunity to earn unlimited income
  • Earn rewards and recognitions beyond the attractive commission earned on the policies

Thus, due to these benefits, people want to become an insurance agent.

Who can become an insurance agent?

There are two specific qualification criteria to become an agent. If you meet these criteria you can apply for a career in insurance. The criteria are as follows –


  • You should be at least 18 years old
  • For your educational qualification, you should have passed at least Class 10 if you live in a rural area and Class 12 if you live in an urban area.

Anyone who fulfils these basic criteria can enrol to become an agent. Thus, insurance agency promises jobs for freshers, jobs for fresh graduates, part time jobs for graduates, jobs for college students. Even housewives and retired individuals can opt for insurance agency.

Steps to become an insurance agent

As per the guidelines laid down by IRDA (Insurance Regulatory and Development Authority), there is a process of becoming an agent. To become an agent you have to register yourself with a particular insurance company, undergo a specified insurance training, sit for an examination at a specified venue and pass the examination. Once you follow this process and clear the examination, you can become an insurance agent. Let’s understand the process is details –


  • If you meet the qualifying criteria, you have to enrol for agency.
  • You have to submit your KYC details and documents and register with an insurance company whose agent you want to become
  • After you have successfully registered, you have to undergo a training program of a specified duration. The duration depends on the type of agency which you want. This training is a class-room training which should be taken offline
  • There is an examination held after your training. This examination is prescribed by the Insurance Regulatory and Development Authority of India (IRDAI). You can take the exam online or offline though online exams are more popular.
  • If the exam is cleared you can get your license and become an agent.

What does an insurance agent earn?

The agent earns a commission on the amount of premium generated by him. Different insurance plans have a different commission structure. You can earn a commission ranging from 5% to 40% of the premium you bring in from different insurance policies. Moreover, there are rewards and recognition programmes for agents who perform well. These programmes allow agents to earn extra commissions, gifts, gift vouchers and also international trips.

For knowing the commission structure which agents receive, click here. (Interlinking with How to make money from home selling insurance article)

What Mintpro offers?

Mintpro offers you the chance of becoming an insurance POSP (point of sale person). A POSP (point of sale person) is a type of an insurance agent. As a POSP (point of sale person) with Mintpro you can sell insurance plans of leading insurance companies. You can sell both life insurance and general insurance products like health insurance, car insurance, two wheeler insurance, etc.

POSP Insurance Agent Certification Eligibility and Process

  • As laid down by IRDAI, there are two specific qualification criteria to become an agent. If you meet these criteria you can apply for a career in insurance. The criteria are as follows
  • You should be at least 18 years old
  • For your educational qualification, you should have passed at least Class 10
  • Anyone who fulfils these basic criteria can enrol to become an agent. Thus, insurance industry can provide jobs for freshers, jobs for fresh graduates, part time jobs for graduates, jobs for college students, even housewives and retired individuals. Let’s understand the process step-wise. Once you follow this process and clear the examination, you can become an insurance distributor.
  • If you meet the qualifying criteria, enroll for the training program
  • Submit your KYC details and documents
  • Undergo a training program of a specified duration
  • There is an examination held after your training. You have to appear for the examination and clear it
  • Once the exam is cleared you can get the license and become an agent

Why PoSP certification is the best way to become an insurance agent.

An insurance agent facilitates the sale of an insurance policy by bringing together the insurance company and the customer . Furthermore, the agent is tasked with advising clients on the right product, assisting in filling up of forms, helping clients at the time of a claim, etc. Thus, an agent plays multiple roles.


PoSP (Point of Sale Person) is a new type of license for insurance agent that was created by IRDAI (Insurance Regulatory Development Authority of India) in 2015. It’s now the best way to enter insurance agent career. Why? Insurance agents are tied to a single company and can sell only products from that one insurer in the given category, i.e. life or non-life. But customers today demand more – they want to know all their options and look for advice from agents on choosing the best product. A PoSP (Point of Sale Person) license or certification lets you do just that. As a PoSP (Point of Sale Person) you can sell policies of multiple insurance companies, across both life and non-life categories, such as term life, ULIP, endowment life, motor, health, personal accident, home and travel. PoSP (Point of Sale Person) is thus a wider concept than a traditional insurance agent license. Therefore most individuals now choose the PoSP (Point of Sale Person) path for agent career.

Know about insurance agent certification course and insurance agent exam.