How to Become a United India Insurance Agent?

About United India Insurance Company Limited

United India Insurance Company (UIIC) Limited came into force on 18th February 1938. It has 9000 workforces and 1536 offices offering insurance coverage to 1.80 crores of policy buyers.

The company offers different kinds of products to people.

The insurance company is not limited to urban areas. It has also taken insurance policies to rural masses. It offers different kinds of schemes. The company has a presence in more than 1000 towns and villages.

Here are some key highlights of United India Insurance Company Limited.

United insurance agent offer different kinds of plans and policies to people. They help their clients in buying the policies according to their needs. The United Insurance agent advises the most suitable plan to people. In return, they receive a reward from the insurance companies.

How to Become a United Insurance Agent?

A UIIC agent is one of the most rewarding jobs in India. The efforts put in by the agents pay off in the form of commission. The insurance company considers him a very important partner in the business.

Quick Link : Become a PoSP insurance agent

Let us discuss how to become a UIIC agent.

How to Become a United Insurance Agent?

A person who wishes to become a United Insurance agent must apply for the agency as per the established procedure. He needs to give the application in "Form IRDA-AGENTS-VA". He also needs to make the payment to the Insurance Regulatory and Development Authority after fulfilling the necessary criteria.

Minimum Qualification

The applicant must be 12th passed.

Training

An applicant who is seeking an insurance license for the first time must complete 100 hours of training from an approved institution in the General Insurance Business. A person seeking a license in both life and General Insurance Business must complete a 150-hour-long training.

{Source: UIIC Website}

Benefits of Becoming United Insurance Agent?

Here are the benefits of becoming a United Insurance agent.

Flexibility in Work

A United Insurance agent may work remotely from his comfort zone. He may work at his own convenience. In addition, he may also earn a commission on every insurance policy he sells. He may also find his clients online and meet them as per their availability.

Multiple Plans

United India Insurance Company offers different kinds of policies. A person may access such policies on the UIIC agent portal. The agent may sell such kinds of policies to the consumer. It gives consumers different options to choose the insurance policy as per their choice and preferences.

Regular Earnings

A United Insurance agent may learn about the policies by selling them directly to their consumer. This way they may evolve themselves and earn a reward on every insurance policy they sell. In addition, they shall also receive a certain commission on every renewal of the policy.

How Becoming a PoSP Agent is Better Than Becoming a United India Insurance Agent?

Becoming a PoSP agent is better than becoming a United India Insurance agent. PoSP (Point of Selling Person) is another type of insurance agent. IRDAI introduced PoSP in 2015. A PoSP agent may sell different kinds of insurance products to the client. However, a regular insurance agent may sell the insurance policy of only one company. The PoSP agent is not limited to one company. He is associated with multiple companies and sells their policies to the client. He may also earn a fixed commission on every policy he sells. It is easy to become a PoSP agent. A person who is 10th passed and 18 years old is eligible to become a PoSP agent. He needs to attend the training session and clear the exam. In addition, a regular insurance agent may also become a PoSP by attending the training session and clearing the exam.

Benefits of Becoming a PoSP Agent?

Here are the benefits of becoming a PoSP agent.

No Fixed Timing

A PoSP may enjoy a flexible working hour. He may work at his own convenience. He may sell the policies as per his availability.

Work from Home

A PoSP may sell the insurance policies from home. He may log in to the portal and update the number of policies he sells. He may also contact the buyers online and update them about the policies.

Own Boss

A PoSP is his own boss. He does not work under a boss. He is his own boss as he sells the policies according to his choice.

Income

A PoSP may earn a considerable income by selling the policies. He may earn a regular income on the renewal of the policies.

Conclusion

A United Insurance agent may also become a PoSP. PoSP is a new type of license that IRDAI introduced to meet the unique demand of people. A PoSP may sell many kinds of policies to the people. They may enjoy flexible work hours. In addition, they may also enjoy a regular income on the renewal of the insurance policy.

FAQs

Q. How to become insurance agent?

A. A person may become an insurance agent by completing the United India Insurance agent portal registration. He also needs to complete the training session and clear the exam.

Q. What is the United India Insurance agent portal login?

A. It is a portal where the insurance agent or surveyor may log in by creating an account.

Q. Who can become a PoSP agent?

A. Here are the persons who may become a PoSP agent.

• Homemaker
• Businessmen
• Retired employees
• College student

Q. What is the eligibility to become a PoSP agent?

A. The person must be 10th pass and 18 years old.

Q. What is a UIIC portal agent?

A. It is a login portal where the agent or surveyor may create an account.

Q. How to become a PoSP online?

A. Here is the way to become a PoSP online.

• A person must visit the official website of an insurance company.
• He must enter his personal details to create an account.
• He should complete the KYC details.
• After verification, he needs to attend the training session. A person may complete the training session in 2 to 3 days.
• After the training, he needs to appear for the exam. Once he clears the exam, he shall receive the license.
• Now he may sell the insurance policies.

Q. How to become a PoSP offline?

A. Here are the ways to become a PoSP offline.

• First, a person needs to register with the Insurance Company.
• Next, he needs to attend the training session.
• Then, he needs to appear for the offline exam.
• Once he clears the exam, he shall receive the license to work as an agent.