Life Insurance Agent

Every person is familiar with the word Life Insurance Agent in this country. In simple terms, a Life Insurance Agent is a licensed professional who sells insurance policies to the customers of their associated insurance company. They work for one or multiple insurance companies simultaneously and sell the policies of those insurance companies to the customers.

A life insurance agent sells insurance policies, and, in return, they earn a commission on each policy they sell from their associated insurance company. As more life insurance policies they sell, the more they’ll make as commissions. An independent agent is usually only paid from commissions, but some agents may get a regular salary from the company they work for.

Almost 2.2 million people work as Life insurance agents with more than 24 life insurance companies in India. The Government of India owns the Life Insurance Corporation Of India, commonly known as LIC, and it is India’s largest life insurance company.

Life Insurance Agent Job

Every life insurance agent sells policies to their customers that are paid out to beneficiaries upon the insured person’s death. Their responsibility is to market and sell to potential customers. They need to create a list of qualified leads using referrals, social media, and other outreach tactics, determine the best insurance policy that fits the new customers and drive the current policyholders through the claims process.

They need to develop good relationships with prospective clients through networking and referrals. These kinds of relationships are the bedrock of their growth. It’s their duty to schedule meetings to discuss with customers and ensure all digital and physical paperwork is accordingly.

 

A life insurance agent may be employed as a captive agent, working mainly for one insurance company or independently, selling policies for several insurance companies.

Life Insurance Agent In Kolkata In India

Finding a Life Insurance Agent in Kolkata is pretty easy nowadays. Several life insurance agents are working around you here in Kolkata.

You may notice many life insurance-related advertisements on both sides of the road, puja pandals, or sometimes in the newspapers. You can find life insurance agents on Google, Facebook, or other online platforms in the digital age. All those agents may not be trusted or reliable. So, it would be best if you verified their credibility before consulting with them.

How To Become A Successful Life Insurance Agent?

Nowadays many rapidly growing insurance agencies are looking for a full-time life insurance agent to join their team. Becoming an ordinary life insurance agent is not very hard, but success in this field is quite difficult. There are millions of life insurance agents already working successfully in this field. But there are a few obstacles that you may face at the beginning.

 Like, sometimes your age can be against your journey to be a successful life insurance agent. Suppose you are too young, then your customers may not take you seriously. So, it would not be a good choice if you are young. However, there are so many potentials you can follow to become a successful life insurance agent.

If you have a solid drive to succeed, outstanding customer service skills, and good communication skills, you are good to go.

Be honest and persistent:-

Nobody trust a dishonest person. So, your character will play a vital role to become a successful life insurance agent. Your profession is directly dependent on your personal life, and it is up to you to keep a clean image for your customers.

Persistence is probably one of the essential qualities of becoming a successful life insurance agent. It would be best if you learned how to handle rejection daily with a smile.

 

Focus on your customer’s needs:-

As a good life insurance agent, you have to earn your customers’ trust. Your career is highly dependent on their trust, and it will determine your success. So, always listening every word carefully what your customers say. It may not be so easy, but it is essential for this career.

 Set a goal to fulfill their needs rather than making a commission out of it. As the commission is a buy product, never focus on it. To sustain long in this profession, you must focus on your customers’ requirements first.

Chose a reputed insurance brand:-

Generally, your success will depend upon what insurance company you have chosen to work with. If your selected company is reputed, you need to explain a little to sell the product unless you have to explain a lot before selling the products. You would require double efforts for exact results.

Set a Target: –

Every life insurance agent must target how many clients they will be visiting in a week or month. Therefore it is necessary to review their sales goals every morning, then look at their upcoming meeting plan for the week. At the end of each day, they need to review how the day went and set a meeting target for the next day.

Update your skills:-

Today’s world is constantly changing, and you may not survive a long time without updating your skills. Always hungry for learning new skills. For example, you may not like public speaking, but having this quality in a life insurance agent is crucial. To improve this skill, you may consider taking a class in public speaking or try to put yourself in a situation where you can practice.

Read Moore:

• Life Insurance Job in India