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 needed. 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

  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.

• 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.

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 strong and long-term relationships with clients.
• Create awareness of the Health sector.
• Design marketing strategies as per customer preferences.
• Ensure business development tactics are 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 commission on the premium.

The insurance sector is vast and has a great potential. 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.

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.

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 inculcated in you.