Star health insurance agents offer different kinds of policies to people. They help people in purchasing the most suitable insurance product.

The insurance agents recommend the best plan to people according to their requirements. In return, they receive a reward from the insurance company. Simply this, it is a zero-investment business opening for a person. An agent may find a client to sell the insurance product and earn a reward on the same.

Quick Link: Become an Insurance Agent

About Star Health and Allied Insurance Company

Star Health Insurance Company is one of the largest health insurance providers in India. It has built a large customer base with more than 17 crore consumers in India. The company is known for settling 90% cashless claims within 2 hours. A person or an insurance agent may build his credibility by selling the insurance policies of Star Health Insurance Company.

Here are some key highlights of Star Health Insurance Company.

Parameters Details
Established 2006
Headquarter Chennai, India
Official Website www.starhealth.com
Branch offices 850+
Helpline number 1800 425 2255

Benefits of Becoming Star Health Insurance Agent

Here are the benefits of becoming a Star Health Insurance agent.

Flexibility in Work

A Star Health Insurance agent may work remotely from his comfort zone. The insurance agent works at his convenience and earns a wise commission on the insurance sold. He does not need to move to find a consumer. The agent may find his client online. He may also meet his client as per the availability.

Multiple Plans

Customers have their unique demands. Star Health Insurance offers different kinds of plans to meet the demands of customers. The Star Health Insurance agent needs to understand the cover requirements of the client and suggest the plan as per their need. For example, if the client wishes to ensure the medical fitness of his employee, the agent may offer him the group health cover plan. Similarly, if the client wishes to cover his parents, the agent may offer him a senior citizen health cover plan.

Regular Earnings

A Star Health Insurance agent may evolve himself by selling insurance products. By making new customers, he may earn a reward on the premium paid by the client. In addition, he may also earn a regular reward on every renewal of policies made by the client. As a result, the agent may create a regular cash flow of income for the future. All he needs to do is to sell as many insurance products as he can.

No Investment

A person does not need to make any investment to become a Star Health Insurance agent. He only needs to invest his time and efforts to sell the insurance policies. There is no risk in becoming an agent. An insurance agent may earn a reward on every policy he sells.

How to Become a Star Health Insurance Agent?

One may follow the below mentioned steps to become an insurance agent.

Research

A person needs to start by researching and understanding the insurance industry. He needs to understand how the insurance industry works. In addition, he must learn how health insurance works as the Star Health Insurance company is mainly known for providing health cover policies. A person must learn about the types of coverage provided by the insurance company. He also must understand the claim process and the rules and regulations of the company.

Eligibility Criteria

A person needs to meet the eligibility criteria to become a Star Health Insurance agent. He must be at least 18 years old. In addition, he must have completed 12th standard or equivalent.

Pre-Licensing Education

The person needs to complete the pre-licensing education as set by the IRDAI (Insurance Regulatory and Development Authority of India). A person must complete the education from the approved training centre.

Exam

Next, the person must appear in the examination conducted by the IRDAI. The exam shall test the knowledge a person has with regard to insurance policies. He must pass the exam.

Licence

After passing the exam, the person may apply for a license with IRDAI. This can be done online.

Join the Company

After receiving the license, a person may apply to become insurance agent. He needs to contact the insurance company to apply for the same.

Training

A person must complete the training provided by the Star Health Insurance company. This will help him learn about the products and services offered by the company.

Start Selling Policies

After completion of training, the agent may start selling the insurance policies.

How Becoming a PoSP is Better Than Becoming a Star Health Insurance Agent?

Becoming a PoSP is better than becoming a Star Health Insurance agent. PoSP (Point of Selling Person) is a type of insurance agent introduced by IRDAI. A PoSP agent may sell different kinds of insurance policies directly to the consumer. An insurance agent may also sell the policies to consumers. However, an insurance agent may sell the policies for only one insurance company. At the same time, a PoSP agent may sell the policies for many companies. He may earn a commission on every policy he sells. Moreover, it is easy to become a PoSP agent. A person who is 10th passed and 18 years old may become a PoSP agent by attending the training session and clearing the exam. An insurance agent may also become a PoSP agent by clearing the PoSP exam.

Here are the benefits of becoming a PoSP agent.

No Fixed Timing

A PoSP agent may have a flexible work time. He may sell the insurance product at his convenience. He may work either online or offline. In addition, he may also decide whether he needs to work full-time or half-time.

Work from Home

A PoSP agent may also work from home. He may contact the buyers online and sell them the insurance products.

Own Boss

A PoSP agent does need to work under a boss. He may become his own boss by selling the insurance products of his choice.

Income

A PoSP insurance agent may work with many insurance companies. Therefore, he may earn a considerable income.

Conclusion

A Star Health Insurance agent may also become a PoSP agent. PoSP is a new type of license introduced by IRDAI to meet the unique demand of the customer. A PoSP may sell different insurance products of numerous insurance companies. He may work at his convenience. In addition, he may enjoy flexible work hours and sell multiple plans. He can also enjoy a regular earning on the plans sold by him.

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FAQs

Q. Can a life cover agent become a PoSP agent?

A. Yes, a life cover agent may become a PoSP agent. He may also sell the cover policies of another company. The agent needs to complete the licensing requirement and training program. Once he clears the exam, he may sell the insurance policies of another company as well.

Q. What are the eligibility criteria to become a PoSP agent?

A. Here are the eligibility criteria to become a PoSP agent.

  • A person must be 10th passed.
  • He must be at least 18 years old.
Q. What does the Star Health Insurance agent commission mean?

A. An amount earned by the agent on the cover policies he sold. The commission is the percentage of the premium paid by the buyer.

Q. How to access the Star Health Insurance Agent Portal?
  • Firstly, visit the official link by clicking Star health Insurance Agent Portal.
  • On the next webpage, enter your login details.
  • If you have not registered yourself as an agent, you should create an account first by clicking on the Sign-Up button.
  • After clicking Sign Up, enter the correct details and then submit.
  • Congratulations!!! You have successfully enrolled yourself as an agent