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Insurance Agency Business

Insurance Agency business can be done either as part time or full time. Insurance business is spread into many areas and persons with good convincing power can easily get success in this business. This is a very good option for long terms business. In case of life insurance policies, the agent will get commission from starting to maturity. People will definitely take insurance policy for tax saving and future security. This business can be done either from home or office. There is a short term training course to become and insurance agent. After successfully completing the course, one can start the agency.

 

 


Facilities Required

Facilities Required for Insurance Agency

Office

Rented or own office or it can be operated from house also

Staff

Facilities

Opening of Bank Account

In India, Bank Account of a Proprietorship can be opened by giving the following documents:

  1. ID Proof of Proprietor
  2. Address Proof of Proprietor
  3. Photograph of Proprietor
  4. Copy of PAN Card of Proprietor
  5. Copy of any bill raised by the firm (some banks may ask for)

But in other countries, documentation procedure will be different according to the law of land.

Advertisement

Different modes of advertisement like news paper, internet, pamphlet, hoardings etc can be used according to the budget.

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