How Much Can an Insurance Advisor Earn?

If you’re working as an insurance agent and are looking to either increase your income or change your career, you might be wondering how much an insurance agent can earn. The amount that an insurance agent earns depends on the company he or she works for, whether or not the agent has his or her own office, and the position that the insurance agent currently holds within the company. One of the benefits of working as an insurance agent is that compensation levels are generally higher than those in other industries that use similar sales tactics.

Who Is a Digital Life Insurance Advisor (DLIA)?

An insurance agent is a professional who sells insurance policies on behalf of insurers. Insurance agents typically work for a commission, which is a percentage of the premium that the policyholder pays. The average insurance commission is about 10%, but it can vary depending on the type of insurance and the company that you work for. For example, some insurance companies offer commissions at 10% for life insurance, while others may offer 7% for the same policy.

Functions of a Digital Life Insurance Advisor (DLIA)

Insurance agents are professionals who sell and service insurance policies. The main function of an insurance agent is to advise their clients on the best coverage for their needs and to help them navigate the claims process.

What Is Agent Commission in Insurance?

Many people are interested in how much commission insurance agents make. The answer varies based on the type of insurance, the company, and the state. For example, life insurance agents typically earn a higher commission than health insurance agents. In general, the following is a snapshot of what digital life insurance agents can earn, based on the policies sold.

Policy Type	Sample Premium	Applicable Commision Rates	Commission Earned
Life Insurance	₹ 25,000	15%	₹ 3,750
Bike Insurance	₹ 1,500	15%	₹ 225
Health Insurance	₹ 15,000	15%	₹ 2,250
Business Insurance	₹ 8000	10%	₹ 800

Insurance Agent Career Roadmap:

You can start out as Digital Life Insurance Agents as these jobs are lucrative options that do not require a strict time commitment. However, to grow within this field, it is important to commit full-time to the role so that you can continually earn. After working as a junior level DLIA, one can reach the management level by learning interpersonal skills, time management, and leadership skills. At this level, you would be responsible for a team of DLIAs, you should set their monthly targets, work on lead funnels, and onboard new DLIAs as well.

Do Insurance Agents Have Target-oriented Sales to Make Money? Part-time Digital Life Insurance Agents do not have a monthly target. This makes the job suitable for students, freelancers, and working professionals who want a side-job without added pressure. However, as a full-time agent on a company’s payroll, you may have target-oriented sales as a part of your job.

How Does a Digital Life Insurance Agent (Dlia) Make Money?

An insurance agent's commission is a percentage of the premium, or the price of the policy. The function of an insurance agent is to help companies and individuals find the coverage they need at a price they can afford. When you purchase life insurance, disability insurance, home insurance, car insurance, or any other type of protection through your agent; you will be paying for their service. Insurance agents typically get paid a commission from the company that provides them with policies to sell. It varies from company to company, but usually ranges between 10% and 20%. As you know, this is different from brokers, who are not employed by any one company, so they work on commission only. At ABSLI you can earn upto the extent of 35% as well! Click here to start your journey as a Digital Life Insurance

How Does an Insurance Broker Make Money?

If you really want to know how much commission insurance agents make, remember that most insurance agents are paid by commission. This means that they make a percentage of the premium that you pay for your policy. The way that they get paid varies by company, but typically, the agent will receive commission. The more policies that you sell, the more money you will make. Insurance agents typically work for brokerages or insurance companies. They may also be independent contractors who work with multiple companies. To know more about becoming a DLIA, click here!