Health Insurance Agent
A health insurance agent is a professional who is well-versed in
providing health insurance products that are either directly related to insurance
companies or through insurance service providers. This may include health related
insurances such as mediclaim, family health insurance or individual insurance to
customers by negotiating contracts with them.
They are responsible for providing guidance to customers
by giving best-fit advice to them. That includes making sure their requirements
are fulfilled by the ascertained policy while also not buying more coverage than you need.
Most agents also help businesses by providing secure coverage to employees each year.
This acts as a retention strategy for corporates thus benefiting the employees.
Health insurance agents do not provide or administer health insurance policies themselves.
Instead, they are aligned to platforms such as Choice Connect that give them a wide array
of options for policy requirements. Choice Connect, as a financial service provider,
is associated with numerous insurance companies that further facilitate
CBA ( Choice Business Associates) to serve their clients with the best possible insurance cover.
Here’s the reason of how a health insurance agent can help you as a consumer:
- Save your time searching for, enrolling in, and renewing your coverage.
- Advocate for you with the insurance company through the service provider
- Help you understand your coverage details.
- Assist you with life events.
Who Can Become A Health Insurance Agent
Anyone who has a keen interest in the health related field or is
passionate about creating wealth through a passive income method and serving the
society both can become a Health insurance agent. Candidates who wish to opt for
an alternate career can register themselves with a service provider i.e. Choice Connect.
First of all to start a new journey as an agent your age should be
above 18 years and have completed the specific hours of training as mentioned by IRDA.
Benefits Of Becoming A Health Insurance Agent
By starting your career as a Health Insurance Agent you can enjoy your profession by working full-time or at your convenience thus,
garnering appreciation and growth in your personal as well as professional life:
18-Year-Olds Can Become An Agent
Students who are 18 and above can start their earnings by joining our platform and
become their own boss at such an initial stage of their career.
Providing Guidance To Customers
The joy of serving the society and earning comes in very few sectors.
Being a health insurance broker gives you the opportunity to serve the society
and protect them through your knowledge by creating awareness about health
related products as this provides the insurer with financial stability thus
leading to better treatment methods and medical securities.
Stable Growth With Lots Of Employment Perks
With your association at Choice Connect, you will get your payouts within a month’s time.
Free To Work Timings
Agents can work from anywhere anytime with the flexibility of home and office.
Health Insurance Agent Commission Rate In India
Every insurance company has attached a percentage of commission to the policies.
Hence, the maximum number of policies sold withhold the incentive value earned.
The advantage to be associated with a service provider platform is you can work with several insurers.
In India, health insurance agents are earned through a commission on the premium generated
or on salary basis, in case you are working directly with an insurance company. Choice Connect offers
one of the best facilities and a great opportunity to earn the highest commission from various insurance companies.
Health Insurance Agent Roles And Responsibilities
Different types of roles and responsibilities Health insurance
agents have to fulfill in order to gain achievements in the field of insurance
The Roles and Responsibilities of a health insurance agent are as follows:
- Providing sound financial advisory services and customer support to the clients..
- Build a strong and long term relationship with his/her existing and prospective clients.
- Create awareness of the Health sector.
- Design marketing strategies as per customer preferences and iterate as per the requirement.
- Ensure business Development tactics need to be pursued aggressively.
Health Insurance Agent Salary
In India, most of the insurance agents get their compensation
in the form of commission that is equivalent/ more than a salary.
The amount of premium generated defines the amount of commission. However,
most insurance companies offer an attractive commision on the premium.
The insurance sector is vast and has a great potential and for someone who wants to look up to a
full-time profession, being a health insurance agent can be a good option.
Minimum Eligibility Criteria For Health Insurance Agent
Candidates who are above the age of 18 and have minimum education
qualification till class 12th are eligible to start a career in the field of insurance agent.
But in some cases, someone who has passed out of school but has vital talent and experience
in sales may also be able to become an agent.
To become a health insurance agent one should be familiar with health insurance-related terms
for which he/she has to attain a complete 15 hours training program preferred by IRDA.
This training program will give you a complete overview of the field you are interested
in and with the completion of this program, your exam will be conducted.
So on fulfilling all necessary criteria you will be professionally known as a
Health Insurance Agent and a CBA. But the skills of persuasion, selling and marketing are
the most wanted skills these days in the field of insurance. So make sure that these
skills are surely inculcated in you.