Best Insurance Franchise in India – Top 10 Insurance Agent Business of 2025

Over time, the insurance franchise business has secured immense growth and credibility.

Moreover, it offers numerous opportunities to individuals with entrepreneurial minds through its franchise business.

Furthermore, being affiliated with the Best Insurance Franchise in India is a dream for many aspiring entrepreneurs.

However, with the current scenario, it is difficult to conclude which insurance agent platform is at the top. Moreover, you will need to consider several factors before making a decision.

So, to help you with that, we have curated a list here through which you can easily identify the Top Insurance Agent Platform based on your requirements and goals.

Best Insurance Agent Program in India – List of Top 10 Insurance Advisor Business

While there are hundreds of insurance franchise businesses in the country, we have compiled only the Top Insurance Advisor Business from them.

This is because, after assessing the essential criteria such as initial investment, network, commission, support, profits, etc, we found these to be promising options for the aspiring entrepreneurs.

Moreover, for young entrepreneurs, it is essential to have a reliable business option. In addition, most of these insurance companies have been in the business for ages, which means they are very trustworthy.

Also, it is easy to onboard customers by partnering with established insurance franchises as an insurance agent.

So, if you are looking for the Best Insurance Partner in India, this blog will help you finalise on the insurance partner that aligns well with your business goals.

Compare the Top 10 Insurance Franchise Businesses in India

To begin with, there are numerous insurance advisor businesses in India. Though most of them share common strengths, there are still key differences that set each one apart.

Here, we have compared the Top 10 insurance advisor businesses in India. However, even in this compilation, no single company is best in everything.

For example, SBI has low investment and an extensive network, but when it comes to commission rates, it offers lower than most of its peers.

Conversely, Niva Bupa has high commissions, but its expected income is relatively low. So, it is wise to compare each of the factors before choosing the Top 10 Insurance Advisor Business.

Also, another wise thing to do is to make your business goals the top priority when selecting an insurance partner.

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Best Insurance Franchise with High Commission

When stepping into a franchise business, the first and foremost thing that the franchisee would look for is the commission.

Moreover, a decent commission is considered a deciding factor in most cases.

Also, while all the entries in our list offer high commission, when we have to choose the Best Insurance Franchise with High Commission, LIC takes all the limelight.

For the unknown, it provides 2% to 15% of Premium, which no other insurance company offers. Also, the second one is Niva Bupa, which offers 2% to 10% of the Premium.

Moreover, the third one is Star Health, which offers 3% to 10% of the Premium. So, check out the table to understand the commission structure of our top 10 insurance franchise businesses.

Top Insurance Partner at Low Investment

Primarily, for any aspiring individual who wants to start a business, the biggest hurdle is the initial cost.

Moreover, if the initial investment is affordable, many can afford to join the franchise businesses.

Therefore, this section sheds light on the Top Insurance Franchise at a Low Cost. In addition, the initial investment required to become an insurance franchise agent of LIC is Rs.2,000 to Rs.53,500.

Similarly, SBI stands in the second place by only charging Rs.2,000 to Rs.64,000 as an initial investment from the franchisee.

Meanwhile, HDFC Life takes the third place on the list by offering the franchise business at Rs.3,500 to Rs.63,500.

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Top Insurance Advisor Business with High Expected Income

Besides commission, what attracts the agents is the profits. Moreover, by selling the policies to the customers, the agents can make a very decent income.

However, the commission varies from brand to brand. For instance, by joining ICICI Prudential as an insurance advisor, the agent can earn approximately Rs.65,000 every month.

Similarly, as an LIC agent, the earnings go up to Rs.62,500. Furthermore, HDFC Life allows you to earn up to Rs.55,000.

Profit is also a key factor that determines which insurance company is the Best Insurance Advisor Platform in India.

So, you can consider this factor and check the table while deciding to join any central insurance advisor platform in your area.

Best Insurance Agent Program with Large Network

In this section, we will look into the insurance platform with the most extensive network. As most of you may know, the larger the network, the widespread the business is.

Also, it would have the most considerable reach to every corner of the country. So, LIC is the first and the Best Insurance Agent Platform in India with an extensive network.

Likewise, the second leading one on our list is SBI Life, with over 2.6 lakh agents. Meanwhile, ICICI Prudential takes the third place with over 2.1 lakh+ agents.

Moreover, with these large networks, these brands stand tall in the industry. Also, the lakhs of agents working for these brands show that these are one of the top brands in the insurance industry.

Top Insurance Agent Franchise with Great Support

Another crucial factor to consider while joining an insurance company as an insurance agent is the support it lends.

Also, with great support, the agents can effortlessly achieve great success. With that said, LIC is the Top Insurance Business Partner Platform, with great support for dedicated RM, service training, etc.

Furthermore, it offers product training, webinars, back-office, marketing, and acquisition. In like manner, another top contender on our list is ICICI Prudential.

Following this, the list includes HDFC Life, Axis Max, and Tata AIA. Moreover, all these insurance franchise platforms offer outstanding support to the agents.

So, if you are looking to join a franchise business with excellent support, you’d better refer to this list and make your decision accordingly.

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LIC Insurance Agent

LIC is an acclaimed name in the insurance industry. Moreover, joining LIC as an insurance agent is a dream come true for many aspiring agents.

Also, with its well-established brand name, the agents can easily make a successful career.

Furthermore, LIC offers many benefits to the agents, encouraging them to bring more customers.

So, learn why it is the Best Insurance Franchise in India from the pros we have discussed below.

Pros of Joining LIC as an Insurance Agent

• Primarily, LIC boasts the most successful insurance agents in the country. Consequently, it has become the go-to insurance company for many aspiring agents.
• Also, the remuneration LIC offers is the highest in the industry. It offers upto 15% of premium on life insurance.
• Moreover, as an insurance agent of LIC, the agent can start the business without initial capital investment and make decent money.
• Furthermore, depending on the agent’s performance, the company offers a management career option.
• Lastly, LIC has firm financial backing and credibility. So, it makes it one of the most trusted brands in the industry.

Cons of the LIC Insurance Agent Business

• To begin with, competition is relatively high at LIC with so many agents already working for it.
• Also, there won’t be any fixed salary because the income purely depends on the policies you sell.
• Furthermore, sales targets may be pressurising.

ICICI Prudential Insurance Franchise

At the outset, ICICI Prudential is an excellent platform for those who want to explore the opportunities in the insurance industry as an insurance agent.

In addition to helping people secure their lives with meaningful insurance policies, the platform also gives an opportunity to aspiring insurance agents.

Also, it allows them to earn an attractive income. Therefore, let us look at the reasons why ICICI Prudential has become the Top Insurance Franchise Business in the industry.

Pros of Joining ICICI Prudential Insurance Franchise

• ICICI Prudential offers an unlimited earning opportunity to its agents.
• Moreover, besides commission, the agents can earn rewards on a monthly and yearly basis.
• In addition, the agents will get assistance from a qualified team of professionals.
• Furthermore, with ICICI Prudential, the agents can earn the highest profits among all, which is approximately Rs.65,000.
• Lastly, the brand offers immense support to its insurance agents. The support includes service & product training, back-office support, acquisition, etc.

Cons of ICICI Prudential Insurance Advisor Business

• Though the income at ICICI Prudential is decent, the commission is average, which is 1.5% to 5% of the premium.
• Also, the initial investment is a little higher, which ranges between Rs.4,000 to Rs.59,000.
• Moreover, the brand only offers limited insurance products, which could be a limitation for the agents.

HDFC Life Agent

HDFC Life is the third Best Insurance Agent Business in the country, with over 2.5 lakh agents functioning under it.

Moreover, the insurance agent company allows its agents to sell numerous popular insurance products and earn a decent commission from them.

In addition, with a minimum investment of Rs.35,000 to Rs.63,000, the agent can efficiently operate the business as an HDFC Life agent.

Pros of Becoming an HDFC Life Agent

• With HDFC Life, the agent can earn an attractive income of approximately Rs.55,500.
• Also, the insurance company lends outstanding support to its agents.
• Moreover, the agent can operate as both a corporate and an individual business model.
• In addition, the franchise cost is very minimal, which is Rs.1,500 to Rs.3,500.
• Lastly, HDFC Life’s backoffice platform features lead addition link, manual lead addition, monthly payout report, client portfolio report, etc.

Cons of HDFC Life Agent Business

• Though HDFC lends tremendous support to its agents, the marketing support is limited compared to its peers.
• Also, HDFC Life offers minimal insurance products to its customers.
• Moreover, the insurance company offers very little commission, which is 1.5 to 5% of the premium.

Axis Max Life Insurance Advisor

Axis Max Life is also a popular insurance advisor in India. Moreover, it is one of the Best Insurance Advisor in India, thanks to its high commission rates.

Besides, the setup cost is also designed to be affordable, keeping in mind the young aspiring agents.

Furthermore, by joining hands with a brand like Axis Max Life, agents can effortlessly sell insurance policies and build a sustainable career.

Pros of Becoming an Axis Max Life Advisor

• The breakeven time for Axis Max Life is just one month, which is very helpful to the agents.
• Moreover, the earning potential of an Axis Max Life Agent is 2% to 8% of the premium.
• Also, the agents can sell multiple insurance products to the customers, like life, term, ULIPs, etc.
• Furthermore, agents can utilise the credibility established by the brand to build their insurance agent business.
• Besides, this insurance franchise business has support for both individual and corporate agent models.

Cons of Axis Max Life Insurance Advisor Business

• The in-house competition itself is pretty high among the agents, which makes it challenging for the new agents.
• Also, the agent’s expected income is not so impressive compared to other companies.
• Moreover, the marketing support is not on par with the company.

Tata AIA Insurance Partner

With Tata AIA, the agents can make a grand entry into the insurance sector.

Also, with the parent company having a footing in almost all the industries and a high success rate, it is easy to grab the attention of the customers.

Moreover, it emerged as a Top Insurance Business Partner Platform and gave opportunities to more than 1.3 lakh agents.

Pros of Becoming a Tata AIA Insurance Partner

• Firstly, as a Tata AIA agent, the individual can earn up to 1.5% to 6% of the premium per policy.
• Though it has been only a few years since the inception of the insurance wing, it secured a top spot on our list with its extensive and expanding network of agents.
• Also, TATA AIA has dedicated RM support, training, webinars, back-office, and lead management support for its agents.
• Similar to most of its peers, Tata AIA also offers both individual and corporate agent models.
• Moreover, the payout time is only 30 days, which is a boon for the agents.

Cons of Tata AIA Advisor Business

• Among the insurance advisor franchisors, Tata AIA is the one that charges the most initial investment from the agents, which is Rs.4,500 to Rs.59,500.
• Also, the expected income of the agent at Tata AIA is low, which is approximately Rs.45,500.
• Moreover, the product diversification is limited to life and ULIP products only.

Niva Bupa Insurance Franchise

Niva Bupa is also one of the most popular insurance advisor platforms in India.

Also, by partnering with Niva Bupa, the insurance advisor can earn attractive commissions and decent profits.

Moreover, by offering diverse loan products, it evolved into a Top Insurance Advisor Business in India.

Furthermore, with a one-month breakeven time and 30-day payout time, the agents can significantly benefit.

Pros of Becoming a Niva Bupa Agent

• Niva Bupa offers the second-highest commission next to LIC. It offers around 2% to 10% of premium.
• Also, the entry cost to become a Niva Bupa insurance advisor is only Rs.3,500 to Rs.63,500.
• In addition, it has a diverse product range and also attractive commission rates.
• Moreover, the company lends an excellent back-office platform support to its agents.
• Furthermore, the competition is relatively low as the network is small.

Cons of Niva Bupa Insurance Franchise

• Niva Bupa does not sell life insurance policies, which could be a drawback for the agents.
• Also, it is a new entry into this sector, and so customers are not aware of it.
• Moreover, there is no support for corporate agents yet.

Star Health Insurance Agent

Star Health Agent insurance is another Best Insurance Partner in India.

Also, with pocket-friendly investment costs, it attracts many young business enthusiasts. Moreover, it has a diverse product range, which makes it one of the go-to insurance franchise businesses in the industry.

Furthermore, the breakeven time at Star Health is only one month, which is also an advantage for the young agents.

Pros of Becoming a Star Health Agent

• To become a Star Health Agent, the individual must invest Rs.4,000 to Rs.59,000, which is modest.
• Also, it offers one of the best commissions in the industry, which is 3% to 10% of the premium.
• Moreover, the brand has a diverse portfolio of products with decent commissions.
• Furthermore, it has a great support system designed for its agents.
• In addition, the eligibility to enter the business is very basic.

Cons of Star Health Insurance Partner

• At present, Star Health Insurance has only 500+ agents, which may limit the progress of the business.
• Also, the expected income from becoming a Star Health insurance advisor is only Rs.37,000.
• Meanwhile, it does not have a life insurance product.

SBI Life Agent

SBI is a prominent name in the banking sector.

Also, it has a renowned name in the insurance sector.

Over time, it expanded its wings and became a Top Insurance Franchise in India.

Also, it is the second-largest insurance franchise business with the largest network of 2.6 lakh+ agents.

Pros of Joining SBI Life as an Agent

• First of all, SBI offers the agent program models to both corporate and individual agents.
• Also, with SBI Life, the agents can start the franchise business at a minimal cost of Rs.2,000 to Rs.64,000.
• Moreover, the agents can earn an attractive commission of approximately Rs. 53,500 by selling policies.
• Furthermore, the SBI Life agents will have access to the back-office platform and its wide range of features.
• Lastly, the break-even is rightly timed by the insurance company.

Cons of SBI Life Franchise

• First, at SBI Life, the marketing and webinar support is limited.
• Moreover, SBI Life offers very minimal commission of up to 1.5% to 5% of the premium.
• Also, with already many agents working for it, it isn’t easy to shine as an individual.

Kotak Life Insurance Agent

Kotak Life Agent Business is another popular Top Insurance Agent Program in India with over 1 lakh+ agents.

Also, the agents can earn attractive commissions by selling diverse policies offered by Kotal Life. Moreover, the brand maintains good breakeven time and payout time.

Furthermore, the insurance advisors can utilise the brand name of Kotak and establish their business easily.

Pros of Becoming a Kotak Life Insurance Agent

• Initially, the Kotak Life agent has a decent earning potential with net profits that go up to Rs.53,000.
• Also, it provides a fair commission of 1.5% to 6% of the premium.
• Moreover, the insurance advisors of Kotalk Life can sell both life insurance and ULIP policies.
• Furthermore, Kotak Life asks for very minimal eligibility criteria from the aspiring agents.
• In addition, the agents can get comprehensive training from the brand.

Cons of Kotak Life Advisor

• First and foremost, the initial investment of a Kotak Life Agent is a little higher, which is Rs.4,000 to Rs. 59,000.
• Also, Kotak Life does not offer back-office support to the agents.
• Meanwhile, the net profit margin is very low, which stays at just 2%.

Bharti AXA Insurance Franchise

The Bharti AXA agent program is the last one on our list of best insurance franchise businesses in India.

Also, with its career opportunities, support, and extensive network of 56,000+ agents, it is one of the Top 10 Insurance Partner Programs in the country.

In addition to having a vast network of agents, high profits, and diverse policies, the program has the best training model and digital tools.

Furthermore, these help the agents grow their business to great heights.

Pros of Becoming a Bharti AXA Agent

• By joining Bharti AXA as an agent, the advisor can make approximately Rs.47,500.
• Also, Bharti AXA offers a wide range of insurance policies like life, health, motor, travel, business, ULIPs, etc.
• Moreover, the insurance advisors can utilise the brand name of the company and easily grab the attention of the agents.
• Furthermore, the Bharti AXA agent gets continuous support from the qualified team of professionals.
• Lastly, the agents can access dedicated digital tools that speed up the earning opportunities.

Cons of Bharti AXA Insurance Franchise

• Bharti AXA offers very low commission to its agents, which is only 2% to 5% of the premium.
• Also, the initial cost to start the insurance advisor business is a bit high, which is Rs.4,000 to Rs.54,000.
• Lastly, there is only limited support for webinars and marketing.

Best Insurance Franchise in India – Conclusion

Choosing the best insurance franchise in India depends on numerous factors like commission, initial costs, support and network of the brand.

Here, we have discussed the pros and cons of each of the franchise models in detail. However, it ultimately depends on the agent to choose the Best Insurance Agent Platform in India, based on their individual goals and business aspirations.

In conclusion, the agent must check all the possible factors that align with their financial and business goals before making a final decision.

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FAQs on the Top 10 Insurance Agent Program in India

Read the frequently asked questions below for a better understanding of the insurance franchise business.

Which is the leading Insurance Agent Business in India?

LIC is the leading Insurance Agent Business in India with high commission, low investment, an extensive network, and great support.

How much does it typically cost to start an Insurance Agency?

To start an Insurance Agency, it would typically cost Rs.2,000 to Rs.53,500. Moreover, it is the initial investment that the agent must make to start as an agent.

Which Insurance Agent Program provides the most comprehensive support?

When it comes to comprehensive support, the LIC insurance agent program takes first place. Also, it offers marketing, service training, product training, webinars, back-office support, etc.

What is the earning potential of an Insurance Agent in India?

The earning potential of an insurance agent in India is purely based on the number of policies they sell. In general, the agent makes a profit of Rs.65,000 from the business.

Which Insurance Franchise has the lowest startup investment?

LIC has the lowest startup investment among all other insurance companies. Also, it requires between Rs.2,000 and Rs.53,500 as an initial investment.

Is starting an Insurance Agency an innovative and rewarding career option?

Of course, yes. Starting an insurance agency is undoubtedly a smart and rewarding career option. Moreover, the agents can make a decent income and future-proof their careers.

Which Insurance Agent Program offers the highest commission rates?

The LIC insurance agent program offers the highest commission rates. Besides, it provides 2% to 15% of the Premium to its agents as commission.

What are the average monthly expenses of operating an Insurance Agency?

To run an insurance agency, the individual must require an average monthly expense of R.3,500.

How can one become a licensed Insurance Agent in India?

To become a licensed Insurance Agent in India, the individual must be at least 18 years old and must have passed the 10th grade. Also, the individual must clear the IRDAI exam.

Which Insurance Partner Program has the largest agent network across India?

The LIC Insurance Partner Program has the largest agent network across India. Moreover, it has over 14 Lakh+ agents working under it.