How To Become an Oriental General Insurance Agent?

Do you want to start your career in the insurance industry? Do you want the flexibility to work from anywhere you want? If so, it’s time to become a certified insurance agent. There is no denying that starting a career as an insurance agent is promising for both newcomers and experienced professionals. As an oriental insurance agent, your main responsibility is to represent the company and sell its insurance products to customers. Speaking of your role, it not only involves promoting and selling insurance policies but also guiding customers through their insurance options which would ultimately help them make informed decisions. 

Becoming a general insurance agent offers a lot of flexibility which even allows you to work on your terms while interacting with a wide range of clients from different backgrounds. Since there are many insurance companies out there, choosing Oriental General Insurance for your career could be a lucrative option. 

Let’s discuss the ins and outs of becoming an Oriental General Insurance agent. 

About Oriental General Insurance Company

Founded in Mumbai on September 12, 1947, the Oriental General Insurance Company Ltd. was a fully-owned subsidiary of the Oriental Government Security Life Assurance Company Ltd. created to handle the general insurance businesses. From the year of 1956 to 1973, the company functioned as an integral subsidiary of the Life Insurance Corporation of India until the general insurance business in India was nationalized.

Eligibility Criteria

If you want to become an Oriental General Insurance Agent, you need at least a 12th-grade education or its equivalent from a recognized board and you must live in a place with a population of 5,000 or more. Furthermore, you will also need to complete 100 years of training in general insurance from an approved institution. If you are applying for a license for both life and general insurance, the training requirement is 150 hours. After finishing the training, you must pass a pre-recruitment exam conducted by the Insurance Institute of India in Mumbai. 

Roles and Responsibilities of an Oriental General Insurance Agent

Let’s take a look at the potential roles and responsibilities of an Oriental General Insurance Agent. 

• The first major role is to attract and acquire new clients through networking, referrals, and marketing efforts. 
• Evaluate client’s insurance needs and financial situations to recommend the right policies. 
• Clearly describe the features, benefits, terms, and conditions of insurance policies to clients.
• Then, your main role is to customize insurance plans to fit clients’ needs and preferences. 
• Keep accurate records of clients’ insurance policies and personal details. 
• Ensure all actions and recommendations that you take to sell policies should adhere to industry regulations and company policies. 
• When you work as a general insurance agent, you may need to develop and maintain strong client relationships. 
• Lastly, as an Oriental General Insurance agent, you need to keep up with the industry trends, new products, and regulatory changes through ongoing training and education. 

Who can become an Oriental General Insurance Agent?

Here are the individuals that you can easily become an Oriental General Insurance Agent. 

• College Students 
• Part-Time Role 
• Homemakers (They should be educated).
• Business Persons
• Retired Professionals 

How to Become an Oriental General Insurance Agent?

Since there is no such online method to apply for an Oriental General Insurance agent, you can follow the offline steps to become one. Let’s take a look at the steps to become an Oriental General Insurance Agent. 

• In the first step, you will need to ensure that you meet all the eligibility conditions to become a general insurance agent for Oriental Insurance. 
• After that, go to the nearest Divisional branch or Regional Office. You can visit the website to access the address of the company. 
• Then, write an application on plain paper to the officer in charge. The officer will then review your application and have a brief discussion with you. 
• If suitable, the office will then arrange training at a nominal fee. In the final step, all you need to do is simply pay the fixed license fee set by IRDAI, which is currently Rs. 250/-

Frequently Asked Questions 

Listed below are the frequently asked questions related to the Oriental General Insurance Agent. Let’s take a look at them. 

• Is there any age limit to become a general insurance agent for Oriental Insurance Company?

You must be at least 18 years of age to become an insurance agent. There is no maximum age limit. 

Do I need IRDAI certification to become an insurance agent?

Yes, you need IRDAI certification to become an insurance agent in India. But you need to undergo complete training and should pass the IRDAI examination. 

• Can I work as an Oriental General Insurance agent part-time?

Yes, you can work part-time as an oriental General Insurance agent which allows you to manage other commitments. 

• Is there a limit to the number of policies I can sell?

There is no limit on the number of policies you can sell. Remember that your sales volume depends on your efforts and market demand. 

• Can I become an insurance agent if I have a criminal record?

Keep in mind that insurance companies may check your background. If you have a past criminal record then it could impact your eligibility depending on the nature of the offence.