5 Steps to Become a Health Insurance Advisor in India

The demand for financial protection is growing rapidly, and many people require expert guidance, which can be provided by a health insurance advisor who is well-versed in the products and industry standards.

Why Become a Health Insurance Advisor in India?

India’s healthcare costs are rising steadily, leaving many families struggling with sudden hospital expenses. This has led to an increasing demand for health insurance. However, many people are often confused about which policy to choose. This is where an advisor can be of assistance. An advisor is the ideal person to guide individuals in selecting policies that best fit their budget and needs.

Health insurance advisors also build long-term trust with clients. They guide policyholders through the claims and renewal processes. The role offers flexible hours and the opportunity to earn commissions. In short, it’s a career that provides both social impact and financial growth.

Step 1: Meet Basic Eligibility Requirements

To become a health insurance agent, you must first meet the eligibility criteria. The minimum age is 18 years, and you must have passed the 10th standard from a recognised board. If you hold higher qualifications, it can strengthen your application, though the basic criteria are sufficient to get started. Once you meet these requirements, you may apply through an insurance company. After approval, you can proceed with the training process.

Step 2: Complete IRDAI-Approved Training

Training is mandatory before sitting for the licensing exam. The training can be conducted either online or offline. Typically, the course lasts for 50 hours for general insurance training, which includes health insurance. For composite agents covering both life and general insurance, the training extends to 75 hours. The study materials cover insurance basics, policies, customer service, and ethics. This training prepares you for the IC-38 exam and helps you develop practical skills for future client interactions.

Step 3: Pass the IRDAI Licensing Exam (IC-38)

The IC-38 exam is conducted online and consists of 50 multiple-choice questions, with a time limit of one hour. The format may vary slightly depending on updates from IRDAI or the training institute. To pass, you must score at least 35 out of 50 The exam questions focus on insurance principles, regulations, and product details, including some scenario-based questions that require practical application. This exam is a mandatory step for anyone who wishes to become a licensed health insurance advisor. Once you pass, you will be eligible to sell policies and assist customers.

Step 4: Submit Application & Documentation to IRDAI

After clearing the exam, you must complete the formalities and submit the necessary documents, including ID proof, educational certificates, and photographs. The insurer and IRDAI will verify these documents. You may also need to provide bank details for commission transfers. Once your application is approved, you will be officially registered as a health insurance advisor. This final approval allows you to start your career as an advisor in India.

Step 5: Sign the Onboard Agreement and Start Your Advisor Journey

After approval, you will need to sign an agreement with the insurance company. This agreement outlines the terms, duties, and commission details. It legally permits you to represent the insurer’s products. With this agreement in place, you can begin meeting clients and offering health policies. This marks the start of your career as a health insurance agent. Success depends on building trust, persistence, and maintaining a customer-centric approach.

How Much Can You Earn by Becoming a Health Insurance Agent?

Earnings vary based on your effort and client base. Advisors are paid commissions on premiums collected. Commissions for new policies are typically higher, while renewals bring a steady but lower income. Experienced advisors often build large client portfolios, increasing their earning potential. A successful advisor can earn a significant monthly income over time. Some even make insurance advising a full-time career.

Benefits of Becoming a Health Insurance Agent with Aditya Birla Health Insurance

Aditya Birla Health Insurance offers attractive plans and comprehensive advisor support. They provide:

• Marketing Tools: Assistance in promoting insurance policies.
• Digital Platforms: Access to online tools and resources for client engagement.
• Client Service Assistance: Support in managing customer queries and issues.
• Training & Continuous Learning: Opportunities for professional development and ongoing education.
• Incentives & Additional Support: Extra support beyond the IRDAI-regulated commissions, enhancing your earnings potential.
• Strong Reputation: The company’s solid reputation helps build trust with clients and boosts career growth.

These benefits make Aditya Birla Health Insurance a great platform for aspiring health insurance advisors.

Challenges to Keep in Mind

While the role is rewarding, it also comes with challenges. These include:

• Sales Targets: Meeting sales goals can be stressful, especially in competitive markets.
• Customer Comparisons: Clients often compare policies online before consulting you, making it important to emphasise the value of personal advice.
• Market Competition: The insurance industry is highly competitive, with many advisors vying for clients.
• Claims Handling: Managing claims can require patience and empathy, as each case may vary and require careful attention.

Success in this field is achieved through persistence. Building credibility and earning client trust takes consistent effort.

निष्कर्ष

Becoming a health insurance advisor in India involves meeting eligibility criteria, completing training, and passing the licensing exam. While the process may seem lengthy, it opens doors to strong career opportunities.

The role offers income potential, flexible working hours, and the opportunity to help families safeguard their future. With preparation and determination, anyone can embark on this rewarding journey.

अक्सर पूछे जाने वाले प्रश्न

1 Is there any fee for IRDAI training or the advisor exam?

Yes. The fees for training and the exam vary depending on the insurance company or training provider you choose. Typically, the exam fee is around ₹500, and training costs depend on the provider and mode of delivery.

2 Do I need prior sales experience?

No. Prior sales experience is not mandatory. The training will equip you with the necessary skills to become a successful advisor.

3 Can I become an advisor with more than one insurance company?

Yes, but you can represent only one insurer per category (life, general, and health) if you hold separate licenses for each.

4 Is it possible to work part-time as a health insurance advisor?

Yes. Many advisors start part-time, and commissions allow flexibility to balance other work.

5 What happens if I fail the IRDAI exam?

You can retake the exam by paying the fee again. Proper preparation will improve your chances of success on the next attempt.