Star health insurance agent details - Salary, Commision and other Benefits

Star health insurance agent details 

  Being an insurance agent is a lucrative business as you would have an income stream for the rest of your life (as long as the customer pays his premium). The insurance agent can guide you for a suitable plan that fits you the best the price of an insurance plan doesn't change from agent to agent. Insurance agents/brokers get paid by the insurance companies themselves. 

Star Health & Allied Insurance Co Ltd began operations in 2006 as India’s first Standalone Health Insurance provider, the company has been providing services in Health, Personal Accident, and Overseas Travel Insurance. Star Health Insurance has products to cater to everybody, be it individuals, families, or corporates and works directly as well as through various channels like agents, brokers, online, etc., Star Health is also prominently into Bancassurance having a long-standing relationship with various Banks.

Star health insurance agent details - Salary, Commision and other Benefits

How do I become a star health insurance agent?

There are two ways you can become a star health insurance agent/broker. 
  • One can approach Sales Managers or Branch Manager of Star Health in your local area.
  • Otherwise, If you are new to the Insurance sector, you have to go for training for a few hours for the IC-38 examination set up by the Insurance Regulatory and Development Authority of India(IRDAI). 

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Eligibility criteria to become a start health insurance agent or broker 

If you are new to the insurance field and want to start your career as an Insurance Agent then you can join the star health partner program,  there are eligibility criteria that you should match.
  • Ahe should be above 18 years to up to 50 years
  • Should have a minimum education qualification of SSC (+2/ Intermediate)
  • If you are new to insurance then you need to take training for an around 50hours and then you need to appear for the IC-38 exam by IRDA, once you qualify you will get a license which Is valid for 3 years.
  • Professionals from different fields can join.

What is the IC-38 examination conducted by IRDAI? 

     To know if the agent is actually ready to sell the product in the right way or not this exam is conducted, This Subject starts with the inception of insurance to Reinsurance, IC38 Subject contains all basic aspects of Life, Health, and General Insurance industry that is essential for selling Insurance.
You cannot directly appear for the exam as there are 75 hours of training before attending the exam for New agents.
  • The examination fee is 500 
  • There are 50 questions out of which you need to get 18 correct to qualify.

Documents required to become a Star health insurance agent  

If you the below documents you can directly send a post attaching these documents with the application form below.
  • Age proof Certificates
  • Educational qualifications certificates
  • Proof of Pass certificate of IC-38 exam
  • A copy of PAN card
  • Address proof 
  • Bank details.

Benefits of star health insurance agent

The commission rates are set by IRDAI and there would be other perks like. If you are a housewife and don't have time then also you can work
  • For selling an individual health insurance policy, the commission will be 15% of the premium paid and for group health policy it will be 7.5%. 
  • There will be rewards and recognition for completing targets
  • You will get paid only if you bring in new clients.
  • Flexible timings you can work on your other ventures as well.

Steps to be followed to become a Star health insurance agent

  • You can download the Application form here
  • Send it to the nearest Star office, To know the nearest office "Click here"
  • They will review your application and send feedback.
  • Or you can directly download the application form, fill it and mail to
  • The company will call you and discuss it further. 

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