How to Become a Vehicle Insurance Agent in India?

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How to Become a Vehicle Insurance Agent in India?

The demand for vehicle insurance agents is rising day by day since more people have been purchasing vehicles in the country. Anybody who owns a vehicle realizes the importance of insurance coverage. For those who are passionate about sales and customer service, becoming a vehicle insurance agent is a good idea.

In this article, we will explain how to become a vehicle insurance agent.

Understanding Vehicle Insurance Agent’s Role

Before learning about the process of becoming a vehicle insurance agent, it is essential to know the role of such an agent. A vehicle insurance agent serves as an intermediary between the insurance company and the customer. 

The primary responsibilities of a vehicle insurance agent are as follows:

Eligibility Criteria

For every profession, there is a certain criteria that a candidate must fulfill so they are eligible to practice it. For becoming a vehicle insurance agent, the candidate must meet the eligibility criteria set by IRDA. It includes some basic requirements which are mentioned below:

Pre-licensing Training

The eligibility criteria has all the basic requirements which you must already possess except pre-licensing training. This is a compulsory training programme which covers various aspects of insurance such as the following:

Acquiring Insurance Agent License

Once the pre-licensing training is finished, the candidate must apply for the examination conducted by IRDA for this license. The examination tests the candidates knowledge when it comes to insurance principles, regulations and ethical practices.

To apply for the examination, the candidates need to submit the following documents to IRDA:

Once the application is submitted, applicants will receive an admit card for the examination. The exam is conducted by the National Institute of Electronics and Information Technology (NIELIT) on behalf of IRDA.

Selecting an Insurance Company

After clearing the exam, the vehicle insurance agent license will be issued to you. Once the license is obtained, the next step involves joining an insurance company as a vehicle insurance agent. In order to help the licensees, insurance companies provide training to them regarding the company’s products and processes.

 

Before selecting the insurance company licensees are interested in working for, they should consider the factors mentioned below:

Joining an insurance firm which has good ratings and feedback will be beneficial for the candidate. If the firm has a good reputation, it’ll definitely look good on the vehicle insurance agent’s CV.

Building Client Base

Once a vehicle insurance agent has joined an insurance company, their focus should be on building a strong client base. To make this happen, they should consider doing the following things:

Building a rapport with the clients is not an easy process, it takes a lot of time and effort but it is crucial if the vehicle insurance agents want long term success in the insurance industry.

Providing Exceptional Customer Service

The insurance market is competitive but if the vehicle insurance agents provide remarkable customer care services, they can retain clients and get referrals. In order to achieve this, they should:

Continuing Education and Professional Development

The insurance industry keeps evolving. New products, guidelines and technologies keep getting introduced in this industry. To stay competitive and offer the best services possible to the customers, a vehicle insurance agent must invest in continuing education as well as focusing on personal development.

This includes:

Vehicle insurance agents should continuously work on improving their skills and knowledge so that they can do well in their profession.

Conclusion

Acquiring the license of a vehicle insurance agent is not an easy task. Even after the license is acquired, the insurance agent has to work hard on improving his skills and stay dedicated to provide the best services possible to the customers through hard work. The agents must be aware of the new trends in the insurance industry and take up certificate courses which can help to make their career rise. If you want to acquire a vehicle insurance agent’s license and need any help, our team at Registrationwala would love to assist you!

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