Imagine being part of a dynamic team where your efforts can make a real difference in people’s lives!
Becoming an agent for Shriram General Insurance could be just what you need! As an agent, you get to help individuals and families find the right insurance to protect their homes, cars, health, and more.
Shriram General Insurance is known for its friendly service and wide range of products. When you join their team, you will learn a lot about insurance while also building strong relationships with your clients. It’s a rewarding role that offers both personal and professional growth.
Let’s find out how you can become a successful Shriram General Insurance agent!
About Shriram General Insurance
Shriram General Insurance (SGI) is a trusted name in the insurance industry, dedicated to serving everyday people, or “Aam Admi.” With over 60 lakh happy customers and no pending complaints, SGI offers several insurance products to meet various needs, from travel and vehicles to weddings and shops.
Founded by the Shriram Group, SGI has a strong foundation, having previously partnered with Sanlam Limited from South Africa. The company focuses on innovative solutions and uses modern technology to improve customer service. Their motto, “BE INSURED… REST ASSURED,” reflects their commitment to ensuring a pleasant experience for every client. With a team of young and skilled professionals, SGI aims to be the first choice for general insurance in India, continuing to grow and support underserved communities.
Who Can Become a Shriram General Insurance Agent?
Becoming a Shriram General Insurance agent is a great opportunity for many people! You don’t need special qualifications to start this journey. Here are some groups of people who can easily become agents:
- College Students: If you are in college, this job can be a perfect way to earn extra money. You can work part-time and gain valuable experience in the business world.
- Homemakers: If you manage your home, you already have great skills in managing tasks and talking to people. This job allows you to work from home and set your own hours, making it flexible for your needs.
- Retirees: If you are retired and looking for a way to stay active and earn some income, becoming an insurance agent is a fantastic choice. You can share your life experiences and help others.
- Businesspersons: If you run your own business, being an insurance agent can add another stream of income. You can connect with your existing customers and offer them insurance products.
Benefits of Becoming a Shriram General Insurance Agent
This job comes with many benefits that can make your life better. Let’s explore the top five advantages of becoming an agent for Shriram General Insurance.
- Work From Home
One of the best things about being a Shriram General Insurance agent is that you can work from home. You don’t need to go to an office every day, which saves you time and money.
You can create your own workspace at home and choose your hours. This flexibility means you can balance your work life with your personal life. Whether you want to spend more time with your family, focus on your studies, or take care of household tasks, working from home makes it all possible.
- High Income
Another exciting benefit is the potential for a high income. As a Shriram General Insurance agent, you earn commissions based on the insurance policies you sell. This means that the more you sell, the more money you can make.
Many agents earn a good income, and some even make it their full-time career. Additionally, there are no limits to how much amount of money you can earn. It all depends on how hard you work and how many clients you serve.
- Zero Investment Required
Unlike many businesses, becoming a Shriram General Insurance agent doesn’t require you to invest a lot of money upfront. You don’t need to buy expensive equipment or stock.
This means you can start your career without worrying about financial risks. The company provides you with all the training and support you need to get started. You can focus on learning the business and growing your client base without the stress of investment.
- No Paperwork
If you dislike dealing with paperwork, you’ll love this job! As a Shriram General Insurance agent, you don’t have to worry about a lot of complicated forms or documents.
The majority of the process is online. This allows you to spend more time talking to clients and helping them find the right insurance products. You can focus on building relationships rather than getting lost in a pile of documents.
- Become Your Own Boss
Being your own boss is a dream for many people, and as a Shriram General Insurance agent, you can make that dream come true. You have the freedom to set your own schedule and decide how you want to run your business.
You can choose which clients to work with and how to market your services. This independence means you can create a work-life balance that suits you best. Plus, you have the opportunity to grow your business at your own pace.
Additional Benefits
In addition to these five main benefits, becoming a Shriram General Insurance agent also allows you to develop new skills. You’ll learn about insurance products, sales techniques, and customer service. These skills are valuable in any career and can help you in many aspects of life.
Moreover, you’ll meet a variety of people through your work. Building connections with clients can lead to lasting relationships and new opportunities.
What’s the Process of Becoming a Shriram General Insurance Agent?
Here’s a simple step-by-step guide on how to enroll and become an agent.
Step 1: Understand the Requirements
Before you begin, it’s essential to know what documents you need. To enroll as a Shriram General Insurance agent, you will need to upload the following documents on the website:
- IRDA-POSP Form: The Insurance Regulatory and Development Authority of India (IRDAI) requires this specific form for point-of-sale persons (POSP).
- Copy of PAN Card: This is your Permanent Account Number card, which is used for tax purposes in India.
- Proof of Education: You need to provide proof that you have completed at least the 10th grade.
- Passport Size Photograph: A recent photo for your records.
- MSME Declaration Form: If you are not registered as a Micro, Small, or Medium Enterprise (MSME), you need to submit this form.
- GST Declaration: If you are not registered for Goods and Services Tax (GST), this declaration is required.
Make sure all these documents are ready for the next steps!
Step 2: Upload Your Documents
Once you have gathered all the necessary documents, you should upload them on the Shriram General Insurance website. Just follow the instructions on the website to upload each document.
Step 3: Online Training
After your documents are successfully uploaded and reviewed, you will be required to complete a 15-hour online training session. This training will teach you everything you need to know about insurance products, customer service, and sales techniques.
The training is essential because it prepares you to serve your clients better. It will cover the Model Syllabus for POSP, which you can find on the IRDAI website. You’ll gain valuable knowledge that will help you in your new role.
Step 4: Receive Your Admit Card
Upon successful completion of the training, you will receive an Admit Card. This card is proof that you have completed your training and are ready to move forward in the process. Keep this card safe, as it will be important for the next steps.
Step 5: Training Completion Certificate (TCC)
Once you finish the training, you will also receive a Training Completion Certificate (TCC). This certificate is important because it shows that you have completed the required training. It can enhance your credibility when dealing with clients.
Step 6: Enrollment Letter and Agreement
After receiving your TCC, the next step is to get your enrollment letter for POSP. This letter will outline all the terms and conditions as per IRDAI rules. You will also need to sign a written agreement that specifies these terms.
This step is crucial because it formally enrolls you as a POSP with Shriram General Insurance. It ensures that you understand your responsibilities and the company’s expectations.
Step 7: Information Update on IIB Portal
Once you have completed all the above steps, your information will be updated on the Insurance Information Bureau (IIB) portal. This is a daily process, and it keeps your records accurate and up-to-date. You don’t have to worry about this part; Shriram General Insurance will take care of it for you.
Step 8: Start Your Journey as an Agent
After completing all the above steps, you are now ready to start your journey as a Shriram General Insurance agent! You’ll have the tools, training, and support you need to begin working with clients and helping them find the right insurance products.
Remember, the Shriram team is there to support you throughout your journey. If you have any questions or need help, don’t hesitate to reach out to them.
FAQs
Q1: Can I have a POSP agent code with various insurers?
No, one individual can only have one POSP code. This means you can only work with one insurance company at a time as a POSP.
Q2: Can I have a POSP code along with my existing profession?
Yes, absolutely! You can work as a POSP while keeping your current job. Just manage your time as you like.
Q3: Will I receive a certificate after training?
Yes, after completing the training, you will receive a Training Completion Certificate (TCC) that shows you have finished it.
Q4: How do I get my Admit Card for the training?
You will receive your Admit Card after you complete the online training successfully.
Q5. What if I don’t have a PAN Card?
If you do not have a PAN card, don’t worry! You can ask a family member or a friend to become a POSP with Shriram General Insurance. Alternatively, you can apply for a PAN card by visiting the Income Tax India website.
Having a PAN card is an essential requirement, so make sure to get this sorted out as soon as possible.
