Life insurance agents must be registered or licensed by the National Association of Securities Dealers or Exchange Commission and must be qualifier of insurance examination. There is other qualification is must for agents. Companies provide the training program to agents so that they are getting able to work company and have knowledge of all policies of company.

Insurance agent works for insurance agency whereas brokers work independently. Brokers sell policies through the agencies. The main objective of both is to sell the policies. Agents meet with clients and advise them on most appropriate coverage. Both (agents and brokers) works on commission basis on the premiums they sell.

Mostly agent works on commission basis so they spend time to finding new customers. Large agencies cover all areas of insurance while small agencies cover one or two areas like car insurance.

Life Insurance policies offered by agents:

Insurance sector in India has a large contribution to the financial market in the country.

1. Social Security Group Scheme.
2. Shiksha Sahyog Yojana.
3. Jan Arogya Bima Policy.
4. Mediclaim Insurance Policy.
5. Jana Shree Bima Yojana.
6. Videsh Yatra Mitra Policy.
7. Bhagya Shree Child Welfare Bima Yojana.
8. Raj Rajeshwari Mahila Kalyan Yojana.
9. Ashray Bima Yojana.
10. Personal Accident Insurance Scheme for Kissan Credit Card.