An insurance advisor/agent gives probable customers knowledge about an Insurance Plan and sell Insurance Policies.

There are three types of insurance agents :

1. Life Insurance Agent.

2. General Insurance(Non-Life) Agent.

3. Composite Insurance Agent(i.e. both life and non life agent).

An insurance broker can also be an insurance advisor.

Difference between an insurance agent and an insurance broker are:

1. An insurance agent is employed by only one general insurance company or one life insurance company or both(depending on the type of Agent) but an insurance broker can work with any insurance company(Life or General).

2. An insurance agent is accountable to Insurer(insurance company) but an insurance broker is accountable to customers, i.e. an insurance broker works on behalf of customers to seek a better insurance plan.

3. Both agents and brokers are reimbursed by insurance company.

4. There is no capital requirement for Insurance Agents but Insurance brokers must have capital of Rs. 50 lakhs for direct broker, Rs. 1 crore for reinsurance broker and Rs. 2.5 crore for composite broker.

Generally Insurance brokers works with big businesses whereas agents work with all type of businesses.

An insurance agent has a contract with an insurance company which specifies his rights; but basically an agent has a right to be paid a commission for the insurance that he or she sells.

Step 1: Don't lie.

To become an insurance agent, most companies require an agent to have a college education. You will also have to be licensed with your state. You can read more at http://www.insureme.com/insurance-agent/becoming-an-insurance-agent.

The agent represents the insurance company, not the customer who is buying the insurance.