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To become a Car Insurance Agent through Choice Connect, you are required to:
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25+Years of Experience
Car Insurance (also known as motor or auto insurance) is a vehicle insurance policy that protects your car from unpredicted risks caused by accidents, thefts, or natural disasters. It is basically a shield that protects your vehicle from losses incurred as a result of unavoidable circumstances. It also protects you against subsequent liabilities. ...Read More
A Car Insurance policy can cover the insured party, the insured vehicle, and the third parties (car and the people). Your premium will depend upon the coverage, value of the car, classification of the vehicle, and voluntary excess. In case of any emergency, it acts as a boon for the policyholders.
There are five types of car insurance coverage in India. It is always better to choose a number of add-ons from your car insurance broker (along with your basic coverage) to enhance the protection of your vehicle.
If a car accident involves you and you are at a fault for the same, the liability-only coverage can come to your rescue. Under this coverage, you will get:
Collision Damage Cover
If your car has been damaged due to an accident, you get the cost of repairs reimbursed under the collision damage coverage. However, you get only the current market value of the car. The exceeding amount is not covered. If you have purchased a car on loan, you should buy collision damage coverage from your car insurance agent.
Personal Accident Cover
If you wish to protect yourself then you should opt for personal accident cover. This coverage provides reimbursement on medical expenses after an accident to the owner-driver of the car.
Zero Depreciation Cover
This is an add-on coverage offered along with the basic car insurance policy. It covers the value of the parts of your car that are damaged and need to be replaced. For claim settlement, the insurer will consider the depreciated value of the parts. With this coverage, you can get the complete claim amount without any depreciation in costs.
Comprehensive Car Insurance Cover
This is one of the best car insurance coverage as it provides the highest level of protection to the insured. This coverage includes expenses for:
If you are looking for a source of income from the convenience of your home, then you can become an insurance agent. Whether you are a working professional, housewife, student, or businessman, you can become an insurance agent.
To become a Car Insurance Agent with Choice Connect you have to :
Step 1: Register on Choice Connect
Step 2: Apply for POSP Training
Step 3: Get POSP Certified
Step 4: Refer Clients
Step 5: Track Lead Status
Step 6: Receive Payout
You can become a part of the insurance sector not only as a policyholder but also as an insurance agent. To become a car insurance broker with Choice Connect, here’s what you need to do.
Eligibility Criteria Of A Car Insurance Agent
You must be at least 18 years of age to become a car insurance agent.
As a car insurance broker, you must qualify for your 12th grade.
Training and Certification
You must complete the POSP Training and get a POSP certification.
In India, as per the Motor Vehicle Act in 1988, it is mandatory to have a third-party car insurance policy to drive a car. It is best to opt for a top-up along with your basic car insurance policy from the car insurance agent to have an extra layer of protection in case of any emergencies or unforeseen risks.
There are so many insurance companies in India, so choosing the right car insurance policy can become a daunting task. The best is obviously the one that suits your requirement and is light in your pocket. You need to:
In India, most car owners opt for a car insurance policy because it is an obligation. Most of them do not compare any policy and go for a low premium policy often leading to inadequate coverage. So, before buying a car insurance policy online, you must understand the nuances of car insurance, compare the different products available online and select the best which fits your budget and provides maximum coverage.Read Less