7 Ways to be successful as an insurance agent

Insurance Agent
Insurance agents referred as insurance sales agents, help the customers to select the insurance policies which are suitable to their needs. These insurance agents sell the products of the insurance companies. The products include life insurance, health insurance etc.,

7 Ways to be successful as an insurance agent
1) Select an insurance company which is already in existence and people knows about this. E.g. LIC, HDFC Insurance, Max New York etc., In case you are selecting a new insurance company, it would take lot of time for an agent to create awareness among the customers.
2) In initial stages as an agent, select the insurance policies which earn low commission. Unless you provide good insurance policies to insured, you cannot build trust with them
3) Do not try to divert your sales only to high commission insurance policies. Once your customers realize this, they soon start ignoring you.
4) Target the corporate companies. You can conduct seminars, awareness programmes where you can get good number of  customers.
5) When you meet customer for first time, understand his requirements. Do not jump and explain what you want to sell. Once you understand customer requirement, it is easy to sell the products where you may even get higher commissions
6) Once customer buys the insurance products from you, be in touch with him every 6 months. This way you are continuing the relationship and in case customer wanted to buy any new insurance product, they would approach you directly
7) One of the good methods of gaining confidence is, as an agent, try buying good insurance products. When you talk to customers, you can refer this, so that they gain confidence among the product. However buying several insurance products is not that easy. This is only for a few products which you can “self advertise”

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Suresh
Myinvestmentideas.com

Suresh KP

23 comments

    1. Hi

      I am a kotak life insurance agent and also doing  Aditya Birla Health Insurance . If  anyone is interested in these products do contact me. Also anybody interested to pursue as insurance agents for kotak do contact me. Awesome income. Foreign trips and  membership of elite clubs  are benefits. Contact me for further details. 

      1. Hiee,
        I am Umesh from belapur , I am working in ultra tech cement ltd. I just want to start a insurance business , plz give me suggestion. and plz msg me on my email id.

  1. Hi I am pankaj kumar from BEGUSARAI Bihar, I am working as development officer in LIC of India, Any person interested in joining lic as insurance advisor contact me.
    I am there to help you in each and every step of becoming a successful advisor
    Contact:9973733501
    9155300035
    Benifit of becoming LIC insurance advisor
    Handsome commison
    Graduty
    Personal insurance
    Group insurance
    Loan facility
    Bike and car advances
    Royal income
    Foreign trips
    Enormous opportunity to excel in career
    Just you need to knock the door

    1. hi sir iam intrested to become as a lic advisor.iam in chennai now.telll the detail for that. my contact number 8015008999

  2. I am recruiting insurance agents for SBI life insurance, please contact people from Kerala 9895944542.

  3. i was also agent in life insurance co. but honestly good commition get but all plan comes with higher chargies and very high surrender chargies so now i stop to sell this product and sell only mutual fund product . yes only pure term plan is good policy in life insurance co. other wise any product i don’t like to invest my money so why i sell others ?? but yes good artical

  4. SShambulingppa k s/o laxmanna k 2nd ward anigerikatte kudatini po Bellary tq dist Karnataka state: 583115

  5. hey guys, its very easy to be an insurance agent, only you should be able to speak well. Just fool people man!! after all this world is full of cheaters and the cheated!!! you have to be one of them! be the first. just convince customers that you care for them. dont pressurize them

  6. I am a insurance advisor, send me more more options to growth my buisness

                                                              Thanks

  7. I am an Insurance Agent, please send me more articles to develop my business.

    Thanks and Regards

  8. can u please elaborate on how to buy an insurance product from the above mentioned companies?

    how to approach them?

    1. Your question is confusing. This article is how to become successful insurance agent and you are asking how to buy products from such companies. Pls clarify

  9. Hi Suresh,

    This article is very helpful for people who are working in insurance field. I request you that please write more areticle for us to groom ourself.

     

  10. Dear Suresh,

    I am an agent with LIC of India while working as QA in Medical Transcription.  So far, my operations as agent have been on a limited basis through family and friends, but with more time and experience, I wish to carry out this profession in a more full fledged manner.  I wish to train and groom myself for the same so as to help individuals obtain adequate insurance.  Last but not the least, I liked ur website and would benefit me immensly on various topics. 

    Thanks and regards,

    Amaresh.

    1. Amaresh, Good to hear this. The only way I felt you would be successul is tell people what is good and what is bad. This is what I am doing on this blog and there are 10,000+ people visiting this every day. When you are honest, people would trust and consider taking more insuranceย products from you.ย 

  11. Dear Mr.Suresh, It is observed that, Insured is interchangeably used as Insurer, as Insurer is the Insurance Company and Insured is the Individual going for the Insurance Policy. In the below point :

    "2) In initial stages as an agent, select the insurance policies which earn low commission. Unless you provide good insurance policies to insurers, you cannot build trust with them. "

    It is not Insurer, it should be Insured, as policies will be sold to Insureds.

    1. Thanks Sudhir for pointint this out. I have corrected it. BTW, how you felt our blog. Do you have any suggestions. If you like my blog, please give me facebook like.

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