SBI Life Agent or Franchise Business – Cost, Commission, ROI & more
The SBI Life Agent Business is one of the most trusted and rewarding career options in insurance sector of India.
As an SBI Life franchise partner, you get the opportunity to sell a variety of Insurance products and earn attractive commissions.
To operate as an SBI Life insurance agent, the monthly business cost is Min. Rs.2,000, which includes office rent, utilities, marketing, and administrative expenses.
In return, agents can earn a commission ranging from 1.5% to 5% of Premium, depending on the type and value of policies sold. The more premium you generate, the higher your earnings.
| Total Agents | 2.6 Lakh+ |
| Total Investment | Rs.2,000 to Rs.64,000 (Optional) |
| Agents Commission | 1.5% to 5% of Premium |
| Avg. Monthly Profit | Approx. Rs.53,500 |
| Breakeven Time | 1 Month |
| Payout Time | 30 Days |
SBI Life Agent or Advisor - Business Models
Corporate Agents
Individual Agents
SBI Life Agent Commission
Life Insurance Commission
Health Insurance Commission
Motor Insurance Commission
Travel Insurance Commission
Business Insurance Commission
ULIP Commission
SBI Life Franchise Cost or Investment
Registration & Training Fees
Infrastructure Investment
SBI Life Insurance Franchise Profits & Income
Check out SBI Life Insurance Agent Profits & Income.
| Life Insurance Premium | 2500000 |
| Health Insurance Premium | 0 |
| ULIP Premium | 1200000 |
| Life Insurance Commission | 62500 |
| Health Insurance Commission | 0 |
| ULIP Commission | 18000 |
| Agent’s Income | 80500 |
| Total Expences | 27000 |
| Agent’s Net Profit | 53500 |
| Net Profit Margin | 1.45% |
SBI Life Insurance Agent Business - Offers
Life Insurance Commission 2% or More
Health Insurance Commission 10% or More
Zero Investment
ULIP Investment
Motor Insurance
IRDAI Certification
PoSP Certification
SBI Life Insurance Partner Support
Dedicated RM Support
Service Training
Product Training
Webinars
Back-Office Support
Acquisition Support
Marketing Support
Check out Business Opportunities with Similar Brands
SBI Life Insurance Franchise - Office Requirement
Area in Sq. Ft.
No. of Employees
Reception
Managers Cabin
Mobile or Telephones
Call Recording
Laptops or Computers
CCTV Set-up
SBI Life Agent Dashboard Link
Web Platform
App Platform
SBI Life Partner Backoffice Platform - Features
Lead Addition Link
Manual Lead Addition
Lead Stage Info
Lead Info Backend Change
Lead Deletion
Commission Mapping
Leads Report
Clients Activation Report
Clients Portfolio Report
Monthly Payout Report
SBI Life Insurance Advisor Review or Ratings by Finec.in
Overall Rating
Commission
Investment
Breakeven
Support
Experience
SBI Life Partner Program - Products Offered
Life Insurance
Health Insurance
Motor Insurance
Travel Insurance
Business Insurance
Agricultural Insurance
Rural Insurance
Investment Plans (ULIPs)
SBI Life Franchise Business - Platforms Offered
Mobile App
Web Platform
Backoffice Platform
Check out Business Opportunities with Similar Brands
How to Become a SBI Life Agent? - Eligibility Criteria
Age Limit
Nationality
Academic Qualification
IRDAI Certification
PoSP Certification
Business Experience
SBI Life Insurance Agent - Documents Required by Individuals
Agent Agreement
Identity Proof - Aadhaar
Address Proof - Aadhaar / Rental Agreement
PAN
Passport Size Photo
Bank Account Details
Bank Cancelled Cheque
GST Registration Certificate
Latest ITR or Form16
SBI Life Insurance Franchise - Documents Required by Firms or Company
Agent Agreement
Firm or Companies PAN
Firm or Companies TAN
Firm or Companies Incorporation Certificate
Firm or Companies Bank Details
Firm or Companies Cancelled Cheque
All Partners or Directors PAN
All Partners or Directors Aadhaar
All Partners or Directors Photo
GST Registration Certificate
Latest ITR or Form16