Agency model of TATA AIG Life Insurance Company


Agency model of TATA AIG works on a chain based hierarchy system of advisors. Insurance companies may have same agency models but the criteria of eligibility for employees getting into these models differ from company to company. The model is formed by considering two types of agents, those who can work individually and develop and the others those who possess leadership qualities and managerial skills to handle a team better and grow along with the company. TATA AIG has the model in which there are two paths, one is conventional type in which an agent after completing the 100 hours training and passing the IRDA exam starts as an Newly License Agents (NLA) and can develop to Advisor, Sr.Advisor, Executive Advisor by fulfilling certain criteria. The second path is that an advisor can start from NLA and by forming a team he can develop to Provisional Business Associate (PBA) to  Business Associate (BA)  to Sr. Business Associate (SBA) Managerial business associate(MBA) by fulfilling certain criteria. In the model of TATA AIG, a person has to complete the 100 hours training and clear the IRDA’s exam, then only he can start as an NLA in the company. To become a PBA from NLA a person has to bring 3cases and 20000 premium and work as an NLA at least 90 days. A PBA also has to maintain contract maintenance criteria to maintain his status as a PBA. He has to bring 60000 premium and min 6 cases in 6 month period or 90000 premium and min 1 cases in 6 months. From PBA to BA a PBA has to form a team of 15 advisor (Duly licensed by IRDA) and bring a minimum premium of RS 100000, BA also has to fulfill contract maintenance criteria that is same as in case of PBA From BA to SBA ,SBA must has 2 BAs in his team and has to work as an BA for at least 6 month for SBA no contract maintenance is there From SBA to MBA an MBA must has 2 SBA in his team If an advisor chose the other path that is of Advisor, Sr advisor, Ex. Advisor, a person has to start as an NLA and after 3 months excluding the month of joining he will automatically become an Advisor. Contract maintenance criteria for NLA are to bring Rs.8000 premium. To maintain the status as an Advisor an advisor has to bring minimum Rs.60000 premium and 6 cases or Rs.90000 premium and minimum 1 case in every 6 months. From an Advisor to Sr.Advisor, he/she has to bring Rs.60000 and minimum 6 cases in 3 rolling months .Contract maintenance criteria for Sr.Advisor is Rs.120000  premium and 12 cases or Rs.180000 premium and minimum 1 case at every 6 month To be an executive Advisor a Advisor has to spend 12 month as Sr. Advisor has to bring 500000 and 20 cases or 750000premium in 12 rolling months Contract maintenance criteria for Executive advisor is Rs.240000 min premium and 18 cases or 360 000premium and min 1case in 6 months

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  1. I am prepared to attend the examination for TATA AIG agets. i requst the model qoestion and ansewers. My short resume enclosed
    I am a retired Assistant Executive Engineer in Tamilnadu Water Supply and Drainage Board, having an experience of 40 years in the Civil Engineering field. 30 years’ experience in the Govt, of Tamilnadu and 10 years’ experience in various private Organizations. Now working as a Senior Civil Engineering Consultant in the PSN College of Engineering & Technology Tirunelvel i District and Lord Jegannath College of Engineering & Technology Kanyakumary District and 6 other Engineering Colleges, Polytechnics and Educational Institutions under the Group of PSN Group of Institutions Melathediyur Palayamcottai Taluk Tirunelveli District TAMILNADU

  2. I have successfully completed IRDA Exams after completing the training in TATA AIA for as an Agent. If I wish to take the TATA AIG Agent also, is it possible to do both business.

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