If you're a mutual fund agent exploring new avenues, you might wonder if you can also become an insurance agent.  Yes! You heard right, and doing so can significantly boost your income, expand your client base, and enhance your overall value proposition.

Why Consider Becoming an Insurance Agent?

As a mutual fund distributor, you already understand personal finance, long-term wealth creation, and client servicing. By adding insurance products to your portfolio—be it life, health, or general insurance—you can get the following benefits

Dual Income Streams

Earn commissions from insurance sales and trail income from mutual funds—boost your earnings without increasing your client base.

Serve Clients Better with 360° Financial Planning

Clients today prefer one advisor for all their financial needs. By offering both investment and protection solutions, you become a one-stop destination, helping clients grow wealth and safeguard their future.

Cross-Selling Opportunities

Tap into your existing mutual fund clients and offer them relevant insurance products like term insurance, health plans, or vehicle insurance.

Low Entry Barrier

Becoming an insurance agent or PoSP is easy—15-hour training + simple online exam, and you’re good to go.

Stronger Client Relationships

Providing multiple financial services builds trust and long-term loyalty, as clients prefer one advisor who can manage both investments and insurance.

Also Read: How to Check License Number After Passing IRDAI Exam?

Is It Legally Allowed?

As per IRDAI (Insurance Regulatory and Development Authority of India) guidelines, a person engaged in mutual fund distribution can also become a licensed insurance agent or PoSP (Point of Sales Person), provided they follow the registration and training protocols.

How a Mutual Fund Agent can become an Insurance Agent?

  • Register with an Insurance Company
  • Undergo mandatory training – Typically, a 15-hour IRDAI-approved training is required for PoSP certification.
  • Pass the exam – After training, clear a certification exam.
  • Get appointed with an insurer or join an insurance partner platform like PBPartners, which simplifies onboarding and provides end-to-end support.
  • Start selling policies

Why Join as a PoSP with PBPartners?

  • Brand of Policybazaar Insurance Broker Private Limited
  • Zero Investment
  • Dedicated Sales Support
  • Access to multiple insurers
  • On-Demand Payouts
  • Free Training from Industry Experts
  • User-Friendly Interface

Final Thoughts

In a competitive financial services landscape, diversifying your offerings is not just smart—it’s essential. As a Mutual Fund Agent, stepping into the insurance domain is seamless and rewarding. Not only does it future-proof your career, but it also ensures you become a one-stop solution for all your clients' financial needs.

Interested in becoming a PoSP Insurance Partner?

Start your journey today with PBPartners – one of India's most trusted and rewarding insurance partner platforms.