Become An Advisor
What if you had the chance to start a business that would:
- Need no additional set up cost?
- Run parallel to your existing business?
- Give you a chance to generate high income?
- Take you to international destinations?
And most importantly, give you the chance to help others. Sounds impossible?
When you join Pramerica Life Insurance, it’s all possible.
Whether you are looking at a business opportunity that you can run parallel to your existing business or at a full time engagement at Pramerica Life Insurance, we will help you establish your Life Insurance business.
Start your success journey with us.
What Our Advisors Have To Say
Be a Part of a
Growing Industry
- Indian life insurance market has grown phenomenally over the past few years
- Some of the largest companies in the world are now investing in this sector
- Rapid development in Tier II and Tier III cities has led to the emergence of a greater need for sophisticated life insurance products
- Changes in the regulatory environment has had a path-breaking impact on the development of the industry
Pramerica Life At a Glance
149 years@
Prudential legacy
99.06%^
Claim settlement ratio
133#
Branches pan india
3219#
Employees across india
Earning Potential
Contribution = Compensation
With each passing year, your efforts will be rewarded with additional earnings..
| First Year Earnings | |
|---|---|
| One Sale-Average Premium | Rs. 25,000 |
| Average Premium for 4 Policies | Rs. 1,00,000 Monthly (Rs. 12,00,000 Annually) |
| Average Commission | 30% |
| FYC Earned Rs.25, 000 X 30% | Rs. 7,500 |
| Earnings in Month 1 for 4 Policies | Rs. 30,000 Rs.7,500 X 4 |
| In 12 Months Rs. 30,000 X 12 | Rs.3,60,000 |
| Total Earnings | Rs.3,60,000 |
| Second Year Earnings | |
|---|---|
| One Sale-Average Premium | Rs.27, 500 (10% Increase) |
| Average Commission | 30% |
| FYC Earned Rs.27,500 X 30% | Rs. 8,250 |
| Earnings in Month 1 for 5 Policies Rs.8,250 X 5 | Rs. 41,250 |
| In 12 Months Rs.41,250 X 12 | Rs. 4,95,000 |
| Renewal Commission @ 5% Rs. 12,00,000 X 5% | Rs. 60,000 |
| Total Earnings | Rs. 5,55,000 |
How to become An Advisor
Documents for the IRDA license to sell insurance products:
| S No. | Documents |
|---|---|
| 1. | Application Form |
| 2. | Two recent coloured passport sized photographs |
| 3. | Self attested documents: (a) DOB Proof (Pan Card, Passport, Driving License) (b) Highest educational qualification proof (10th and 12th proofs are mandatory) (c) Address Proof of correspondence address - Aadhaar Card/Passport (d) Photo ID Proof- Aadhaar Card/Pan Card/Passport (e) Pan Card |
| 4. | Cancelled cheque with name of the candidate and the bank account number printed on it for credit of commission |
| 5. | A copy of the latest mobile bill (not older than 6 months)/landline bill/electricity bill in the name of the candidate |
| 6. | Bank statement for the last 6 months |
| 7. | Additional documents in Transfer cases (previous license holder candidate) a) A copy of the IRDA license (life/general/composite) b) A copy of the NO OBJECTION CERTIFICATE (NOC) issued by the previous insurer/copy of the Resignation Letter along with the Request for issuance of the NOC duly acknowledged by the previous insurer |
Our Training Programs are designed to keep you updated on trends so that you are equipped to perform your best, these include-
- Classroom-based Training Programs
- Technology-led Training (E-learning)
- On-the-job Training in the able guidance of Sales Leaders
| Program Name | Duration | Mode of Training | Objective |
|---|---|---|---|
| IC 38 Training | 25 Hours | Online Training | Mandatory regulatory training & test for getting IRDA license to sell life insurance products. |
| IC 38 Training | 2 Days | Classroom Training | An interactive Instructor led classroom program, giving a complete understanding about the basics of Life Insurance and to pass IC-38 exam. |
| Pehla Kadam | 2 Days | Role Plays based Classroom Training | An interactive Instructor led classroom program to align the newly on boarded agents to the Organization History, MVV, understand Products, their pitches and their earning potential. |
| Goal Setting session | 0.5 Day | Classroom Training | To help our agents achieve their goals with the help of their respective SM/OH |
| Saturday Pathshala | 2-3 Hrs | Classroom Training | Regular training capsules, held at Branch Offices, preferably on Saturdays, on numerous topics like Tax Planning, Communication Skills, closing Sales techniques etc. |
| Sampark | 2 Hours | Branch engagement programs for Company and Market updates |
Our Offerings
What if you had the chance to start a business that would:
Attractive commissions – our products have some of the highest commission payouts in the industry
50 hours training for life insurance sales
Robust sales and operations support
Customised need based products developed after extensive research for optimal financial protection.
Call center support by a well-trained and dedicated team.
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Dedicated back-end operations team for end to end policy servicing.
Real time customers policy information and other critical data for our associates through Office Online.
Success Stories
Mrs. Monica Patel
Mrs. Monica Patel is a teacher in one of the best schools in Rajkot. After attending a recruitment seminar conducted by us, she realized that she can use her skills as a teacher to sell life Insurance. Her empathetic attitude combined with her ability to simplify complex concepts and make them comprehensible, has helped many people to take important financial decisions including purchase of life insurance. What’s more - as an agent, Monica can continue to teach. She has been with Pramerica Life for the past 10 years and is one of our star agents. She has built a network of clients who trust and love Monica “madam” for her sound financial advice. Monica may retire from teaching but she knows that her income will continue with her earnings from life insurance sales.
Mr. Ashwini Sharma
Mr. Ashwini Sharma is the proprietor of Ashwini Textiles in Bhatinda. He has been in the wholesale garments business for the past 15 years and has successfully built a strong client network. He is an influential member of his community and his friends and clients often turn to him when they need advice on business, personal or financial matters. Ashwini has been an agent with Pramerica Life for the past one year. His ability to provide sound advice and influence others helps him convince his clients on the importance of life insurance and choose the right life insurance plan for their financial needs. While he continues to run his garments business successfully, he has started generating an additional income of approx. Rs. 30,000 per month through insurance sales. He will also be travelling out of the country for the first time for Pramerica Life’s International Convention.
Mr. Rajesh Rastogi
Mr. Rajesh Rastogi was a General Manager for a private bank. He returned to his home town, Lucknow after his retirement and was looking for an opportunity as a life insurance agent to keep himself active and busy. He met several Sales Managers from various life insurance companies but decided to join Pramerica Life because he was impressed by the team’s insurance knowledge, their interest in helping an agent succeed and the earning potential demonstrated. He has been with Pramerica Life for the past 5 years and has influenced many others to join our company. He successfully uses his past experience as a banker and his knowledge of life insurance that he has gathered over the years to give valuable financial advice and the right life insurance solutions to his customers. With a post retirement earning of over Rs. 2 lacs per month through insurance sales, Rajesh has successfully upgraded his lifestyle and lives a very comfortable life in his golden years.
Celebration and Events
At Pramerica Life, we take appreciation and recognition seriously. Conventions and celebrations are important occasions where our top agents get the opportunity to mingle with senior management and are felicitated for their performance. Here are a few glimpses of our celebrations:
@ Source: prudential.com
^ Individual Death Claim Paid Ratio as per audited financials for FY 2023-24
# As on July 2024
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