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Earn unlimited income by selling insurance

Discover a Rewarding Career in Insurance Sales

When it comes to securing your financial future, exploring lucrative career options is essential. While many individuals seek additional income sources and work tirelessly to make ends meet, have you considered a career in insurance sales as a potential avenue to achieve your financial goals?

Selling insurance can be an immensely rewarding career choice, offering unlimited opportunities to earn a substantial income. By embarking on this entrepreneurial journey, you can enjoy a host of benefits that will not only improve your financial standing but also grant you a sense of independence and fulfilment. Let's delve into the various reasons why insurance sales is a favored career path, and how you can unlock its incredible earning potential.

  • Unlimited Income Potential

    In the world of insurance sales, your earnings are only limited by your efforts and commitment. As an insurance agent, you have the opportunity to earn a generous first-year commission on every policy sold. Whether you specialize in life insurance or general insurance, the commission you receive on the premium collected is a significant portion of your total earnings.

  • Steady Renewal Commissions

    In the world of insurance sales, your earnings are only limited by your efforts and commitment. As an insurance agent, you have the opportunity to earn a generous first-year commission on every policy sold. Whether you specialize in life insurance or general insurance, the commission you receive on the premium collected is a significant portion of your total earnings.In the world of insurance sales, your earnings are only limited by your efforts and commitment. As an insurance agent, you have the opportunity to earn a generous first-year commission on every policy sold. Whether you specialize in life insurance or general insurance, the commission you receive on the premium collected is a significant portion of your total earnings.

  • Rewards and recognitions

    In addition to commissions, insurance companies often offer exciting rewards and recognition programs for high-performing agents. These programs include cash incentives, valuable gifts, and prestigious awards. Exceptional performance may even lead to attending internationally recognized convocations, where top-performing insurance advisors are celebrated for their achievements.

Commission Structure

Knowing that you can earn attractive insurance commissions is not enough unless you can know the exact figures. After all, the figures give a clearer picture, don’t they? So, here is a look at the commissions which you can earn by selling different types of insurance policies -

Types of insurance plansApplicable commission rates on commissionable premium
Motor insurance policies (both car and bike insurance)Comprehensive insurance policy for private cars - Up to 5% of the premium for own damage (OD) cover
Comprehensive insurance policy for commercial vehicles: Up to 10% of the premium for own damage (OD) cover
Comprehensive insurance policy for two-wheelers: Up to 6% of the premium for own damage (OD) cover
Third-party policies for all vehicles: Up to 1.25% of the annual premium
Life insurance policiesRegular premium paying policies: Commissions range from a minimum of 10% to a maximum of 35% based on the policy paying term (PPT).
Single premium paying policies: Up to 1.5% of the single premium, based on the policy paying term (PPT).
Health insurance policiesCommissions of up to 15% of the annualized premium, depending on the policy paying term (PPT).

Disclaimer : The above list is not exhaustive and the commission rates may be amended by the Regulator from time to time. For more details/complete particulars, you may visit IRDAI website at  www.irdai.gov.in

Aren’t the rates quite attractive? Can you imagine how much you can earn by selling different policies? Here is an illustration for your knowledge -
Let’s say you sell four different types of policies to four of your contacts. Each policy has a different premium and gives you a different commission. Supposing, here’s what you sell to your contacts -

Name of your contactType of policy soldPremium amount (assumed)Applicable commission rates on commissionable premium (assumed)Commission Earned
Mr.ATerm life insuranceINR 14,00030%INR 4,200
Mr.BHealth insuranceINR 12,00015%INR 1,800
Mr.CCar insuranceINR 13,00015%INR 1,950
Mr.DBike insuranceINR 250017.5%INR 438
Total commission earned INR 8,388

Just four policies and you earned a commission of INR 8388, simple, wasn’t it?

Embrace the world of insurance sales, and you'll discover a fulfilling career that offers financial growth and personal development. As an insurance agent, you not only secure your own future but also play a pivotal role in safeguarding the future of your clients. With a determined spirit and a commitment to excellence, you can achieve success and prosperity while building a respected name within the insurance industry. So, why wait? Unlock your potential in insurance sales today!