The people involved in the insurance industry profess that they provide security for a living, since their product is financial protection in the event of a crisis or emergency. This protection is always in demand, and so are the insurance agents. For the first time, the Insurance was started by Bombay Life Insurance Society Ltd. It was established in 1871 in India. It was nationalised in 1956, and the complete business handle by Life Insurance Corporation of India (LIC). Now a days, it becomes much popular in India. The highly people have their first contact with an insurance company through an insurance agent or broker. These professionals sell insurance policies to individuals and businesses to provide protection against financial loss. Insurance agents and brokers help individuals, families, and businesses select the policy that provides the best insurance protection for their lives and health, as well as for their automobiles, jewellery, personal valuables, furniture, household items, businesses, and other properties. Agents and brokers prepare reports, maintain records, and, in the event of a loss, help policyholders settle insurance claims. Insurance agents may work for one insurance company or as "independent agents" selling for several companies. Insurance brokers do not sell for a particular company, but place insurance policies for their clients with the company that offers the best rate and coverage. The increasing awareness in our country both in the area of general insurance as well as life insurance and government’s decision to deregulate the sector forebodes very well for those aspiring to join this sector. In fact following three new companies have already been given licence by IRDA and started operating: Reliance General Insurance Company Ltd. HDFC Standard Life Insurance Company Ltd. Royal Sundaram Alliance Insurance Company Ltd. Educational Qualification: There are no need of highly qualified person for entry level but they are looking professionals.
The Insurance agents and brokers should be enthusiastic, outgoing, self-confident, disciplined, hard working, and able to communicate effectively. They should be able to inspire customer confidence. Agents and brokers must be able to plan their time well and have the initiative to locate new clients. Age should be between 22 and 35 years. No stringent requirement for qualification are required but graduates are preferred. Life Corporation of India, (LIC) General Corporation Of India (GIC) and their subsidiaries are the once which have insurance agents.
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