How to Earn with Vehicle Insurance Services?
Start Vehicle Insurance Business from Your Shop with Ezeepay
The insurance industry in India is rapidly growing, especially in rural and semi-urban areas where reliable insurance services are scarce. Ezeepay’s insurance platform empowers shopkeepers and business owners to sell vehicle insurance and they can earn with vehicle insurance services —including two-wheeler and four-wheeler policies—directly from their shop or home. This guide outlines how to start an insurance business with Ezeepay, the requirements, and the benefits of becoming a motor insurance agent.
Why Start a Vehicle Insurance Business from Your Shop?
- Inexhaustible Income Source: Every vehicle on the road in India must be insured, yet many in smaller towns and villages lack access to trusted agents.
- Consistent Demand: Vehicle insurance requires annual renewal, ensuring repeat clients and steady income for agents.
- Recognition as an Innovative Retailer: By offering insurance services, your shop becomes a trusted local hub for all protection and insurance needs.
Ezeepay Insurance Services: A Game Changer for Retailers
- Inexhaustible Income Source: With every vehicle on Indian roads, drivers must have insurance. Unfortunately, there are so many people in smaller towns and villages that do not have easy access to trusted insurance agents.
- Consistent Demand: Vehicle insurance needs to be renewed every year which in turn results in returning clients and thus consistent income for the agents.
- Recognition as an Innovative Retailer: Visiting insurance agents are not very prominent in smaller towns. By providing insurance services, your shop will be viewed as a trusted local retailer and strengthens your shop as a go to solution for all protection and insurance services.
How to Become a Motor Insurance Agent with Ezeepay
Step 1: Registration and Onboarding
- Apply Online: Complete the agent registration form at the Ezeepay website/app with required personal and business information.
- Document Submission: You will need to submit an Aadhaar card, PAN card, recent photograph, and Bank account details along with shop address proof (if operating from shop)
- Verification: Your documents and credentials are vetted and verified which provide a fast efficient streamlined process with Ezeepay.
Step 2: Licensing Requirements
- IRDAI License: To sell general insurance as a full agent, an IRDAI (Insurance Regulatory and Development Authority of India) license is usually mandatory. Ezeepay eases this for you by partnering with insurers and acting as an authorized intermediary, thus, for basic retail sales, you may not have to undergo the lengthy licensing process.
- Training and Certification: Ezeepay may offer some elementary training modules on products, compliance, and sales, which could aid in understanding the respective matters better, helping you sell insurance better.
Step 3: Start Selling Insurance
- Access the Portal: After you have been approved, you can log into Ezeepay’s insurance services platform.
- Quote and Issue Policies: Enter customer and vehicle information for comparison, and renew or issue insurance instantly.
- Print or Share Policy: Issue to the customers either digitally or print policy documents instantly.
Step 4: Earnings & Commission Structure
- Attractive Commissions: Get a commission for every policy sold or renewed. Although commissions differ from insurer to insurer and from policy to policy, they usually constitute a share of the premium charge.
- Additional Incentives: Bonuses, contests, and rewards for top-performing agents may be provided by Ezeepay and its insurance partners.
- No Upper Limit: Since you are getting paid for each client serviced, earnings increase without a cap, making it easier for you to earn.
Step 3: Start Selling Insurance
- Access the Portal: After you have been approved, you can log into Ezeepay’s insurance services platform.
- Quote and Issue Policies: Enter customer and vehicle information for comparison, and renew or issue insurance instantly.
- Print or Share Policy: Issue to the customers either digitally or print policy documents instantly.
Earnings & Commission Structure
- Attractive Commissions: Get a commission for every policy sold or renewed. Although commissions differ from insurer to insurer and from policy to policy, they usually constitute a share of the premium charge.
- Additional Incentives: Bonuses, contests, and rewards for top-performing agents may be provided by Ezeepay and its insurance partners.
- No Upper Limit: Since you are getting paid for each client serviced, earnings increase without a cap, making it easier for you to earn.
Advantages of Offering Vehicle Insurance Through Ezeepay
- No Stock or Inventory: Unlike physical products or services, there is no chance of inventory spoilage or loss.
- Limited Investment: A smartphone or laptop with internet access and a printer is all that’s necessary, making the initial investment minimal.
- Operational Flexibility: The insurer can operate from home or in conjunction with their existing store.
- Enhances Customer Service Retention: Providing pertinent value-added services improves customer retention, footfalls, and visitation frequency.
- Other Open Market Capitalizations: Other financial services such as health insurance, bill payment, and money transfer service can be sold to increase the earnings of your store.
Make money with vehicle insurance services
Types of Insurance Available:
1 Vehicles such as cars, bikes, trucks, tractors, buses, and more can all be insured.
2 Personal Accident Insurance: Covered between 2 lakh and 5 lakh in coverage.
- Insurance for Shops
- Insurance for Devices
You can compare policies from different companies for cars, and the system can automatically get car information to speed up the process.
3 Commission Structure: 20% to 30% of the premium for private vehicles
4 Commercial vehicles: 25% to 40% commission on the premium
How the Process Works
- Sign Up: Use the Ezeepay platform to sign up as an agent.
- Onboard: Send in the necessary paperwork, such as your Aadhaar, PAN, proof of shop, etc.
- Sell Insurance: You can quickly compare, issue, and renew insurance policies through the portal.
- Get paid: You will get paid for every policy you sell or renew.
Key Benefits:
You don’t have to apply for BC Banking Services. You don’t have to apply for or use Business Correspondent (BC) banking services to get your commissions.
- Instant Credit of Commission: After each successful transaction, your account is credited with the commission right away, so you can get to your money quickly.
- No Inventory or Stock Needed: You don’t need to keep any physical items.
- Low cost: All you need is a smartphone, laptop, internet, and printer.
- Flexibility in Operations: You can work from home or your shop.
- Better trust from customers: Give them quick, clear service and build loyalty.
Summary Table
| Insurance Type | Commission Range |
Key Features |
|
Private Vehicle |
20–30% | Multiple companies, auto-fetch |
|
Commercial Vehicle |
25–40% |
Multiple companies, auto-fetch |
|
Personal Accidental |
Varies |
2L/5L cover options |
|
Shop Insurance |
Varies |
Protect local businesses |
| Device Insurance | Varies | Cover for gadgets and appliances |
You can sell a lot of different types of insurance with Ezeepay, and you can get your money right away without having to use BC banking services. This makes it easy and profitable to grow your business and help your community.
How It Builds Trust with Customers
- Immediate Service: Issuing a policy instantly and offering open pricing improves trust.
- Neighborhood Familiarity: Clients prefer to deal with someone within their social circle, especially for sensitive financial products.
- Post-Sale Assistance: You can help clients with claims, renewals, and other inquiries as their local agent, making sure they continue to do business with you every year.
Business Potential in Rural and Semi-Urban India
- Under-Serviced Market Area: Greater proportion of India’s populace is under-insured, which includes numerous small towns and villages.
- Government Initiatives: Vehicle insurance requirements for contractors, along with certain government policies are facilitating the sale of insurance in new areas.
- Repeat Transactions: Annual renewals coupled with referrals can rapidly grow your business.
| Step | Action Required |
| Registration | Fill out Ezeepay’s agent application online |
| Documentation | Submit Aadhaar, PAN, photo, bank details |
| Approval | Wait for Ezeepay’s verification and approval |
| Training | Complete any required training modules |
| Start Selling | Access portal, quote, and issue policies |
| Customer Service | Provide ongoing support and renewals |
Conclusion
Starting a vehicle insurance business using ezeepay can be done from your shop or home. Business low investment, high return. Eager to serve community needs. Easy registration, multiple insurer access, immediate policy issuance, attractive commissions for sustainable, respected business. Take the first step, become an online insurance agent, turbocharge your finances, foster sustained customer trust.
