Gone are the days when you had to be a financial advisor to sell insurance policies. Today there are multiple online platforms. Online platforms, that enable you to earn money online by selling financial and insurance products. GroMo is one of the leading application that offer the highest commission rate and the shortest payout cycle. GroMo mobile application is one of the most trusted mobile apps in the market. It offers a wide range of financial and insurance products that you can sell using the application and earn commissions.
Furthermore, the process to become a GroMo partner is easy and it only takes a few minutes to register on the application to become GroMo Partner. You just need to download the app from Google Play Store or App Store. Then, register using your basic KYC details to start earning. With GroMo, you can become a financial advisor and sell insurance policies within or outside your network to earn commissions.
Process Of Becoming A GroMo Partner
You just need an internet connection and a smartphone to become a GroMo Partner. Submit your bank account and KYC details along with your mobile phone number. This is to complete the verification process to become a GroMo Partner. GroMo enables you to sell insurance policies from the top insurance companies in India to earn commissions. The process to become a GroMo partner is as follows:
Download The GroMo Application
Available over the Google Play Store or Apple’s App Store, the GroMo application is free to download. The app can enable you to earn money online by selling financial and insurance products to potential customers.
Submit Your Documents
Submit your basic documents such as the Aadhaar card, PAN Card, and bank account details on the GroMo application. It is to start the registration process of becoming a GroMo partner.
To complete the verification process, you will have to submit your mobile phone number. You will then receive an OTP on your registered mobile phone number. This OTP is to complete the verification process.
Become Certified Financial Advisor
Once you have successfully completed your verification process, you can become a certified financial advisor to earn money online. GroMo Partners or Financial Advisors can select from the wide range of insurance policies available over the application. Also they can earn commissions for every successful conversion.
Insurance Policies That You Can Sell Using The GroMo Application
There are multiple LIC policies that are available over the internet. You can choose from the best insurance policies and boost your chances of sales conversion. Below are some of the top LIC insurance policies that are available in the market:
New Jeevan Anand
LIC offers the New Jeevan Anand policy that enables the policyholder to have protection and savings simultaneously. According to this LIC policy, if the policyholder does not live till the end of the policy tenure. Then the insurance company i.e. LIC will provide financial protection against their death.
Also, this insurance policy can enable you to provide savings if the policyholder lives till the end of the policy tenure. These savings will be provided in the form of a lump sum amount at the time of maturity of the insurance policy. You can also take financial liquidity benefits during the policy tenure.
Single premium plan by LIC that offers the advantage of selecting from the options of immediate and deferred annuity. Jeevan Shanti is non linked single premium deferred annuity insurance policy program. It enables policyholders to choose from 9 different annuity options to fulfil their investment objectives. However, it is important to note that the annuity rates are fixed and cannot be changed till the maturity of the insurance policy. Also, liquidity is ensured after the completion of 1 year of the policy term.
Invest your money and double your investment in this tech-term LIC insurance plan. You can strategically plan your investment. Also by paying around 25%-30% higher premiums you can double your investment. However, in case of the unfortunate demise of the policyholder, LIC offers a sum assured to the beneficiary. Moreover, the death benefits can be received over a selected period of 5, 10, or 15 years instead of regular lump sum amounts. This insurance policy can only be purchased online and is not available to purchase via offline means.
One of the most popular life insurance policies a lump sum payment at the time of either maturity of the insurance policy or in the event of death of the policyholder. You can also avail of annual survival benefits after the successful completion of your premium paying period. These benefits will last till your policy matures. It is one of the few insurance policies left in the market that offers life coverage of over 100 years. The policyholder can take advantage of the 8% of the sum assured every year as money back on survival. Jeevan Umang policy is the most suitable for someone who is looking for a pension facility after retirement along with life insurance.
LIC Jeevan Labh policy is a profit endowment plan that has a limited premium-paying facility. It offers multiple benefits like protection and savings at the same time. This life insurance policy also offers death benefits. These benefits include a sum assured, payable to the beneficiary in the event of the unfortunate demise of the policyholder. Maturity benefits can be received in the form of a lump sum amount at the end of the policy tenure.
These are some of the best LIC life insurance policies that are available in the market today. Moreover, you can become a GroMo Partner to sell life insurance policies online to potential customers and earn commissions. It is advisable to always select the best insurance plans or the ones that are most demanded in the market. These insurance plans can boost your chances of sales conversions. Download the GroMo mobile app today to become a financial advisor and make money online.
How to sell an insurance policy?
With the help of GroMo app, you can become a POSP Agent and sell insurance policies online. Simply download the GroMo app and become a GroMo Partner to sell insurance policies to potential customers and earn commissions.
Is selling insurance a hard job?
It’s not as hard as people think it is. Especially with GroMo, you can select from the wide range of insurance policies available and refer them to potential customers. On every successful conversion you will receive a commission in your bank account.
What is the most profitable insurance to sell?
Life Insurance is the most profitable insurance to sell as it is always in demand and also is a long term insurance. Therefore, it results to be the most profitable insurance to sell.
Do you need qualification to sell insurance?
Although there are no official schooling requirements for becoming an insurance broker, many brokers obtain a bachelor's degree in a relevant profession. Moreover, you need a POSP licence in India to sell insurance porducts.
How to start selling insurance?
Download the GroMo app adn register using your bank account and KYC information. After which, you need to complete a compulsory 15-hour training specified by IRDAI to become an insurance agent and start selling insurance online.