Insurance companies are experiencing high demand mainly due to growing awareness of their products among individuals.
Moreover, with consumers’ changing needs, companies constantly develop diverse and attractive insurance products.
As a result, the insurance franchise business has also seen immense popularity lately.
However, identifying the Best Insurance Franchise in India is undoubtedly demanding in this massive business world.
To help you with this, we have rounded up the best insurance franchise businesses in India.
Moreover, the companies we will name here will extend outstanding support to the franchisees regarding marketing, training, assistance, etc.
So, check out the Top Insurance Agent Program in India without further delay.
Best Insurance Agent Business in India – List of Top 10 Insurance Franchise of 2025
When it comes to insurance, choosing the right partner is essential. Notably, the Top Insurance Advisor Business ensures that the franchisees receive expert guidance, support, and training to yield the best results.
Additionally, with long-standing experience, these insurance agents offer personalised solutions to clients’ unique needs.
Furthermore, the top 10 insurance agents we mentioned above strive to offer comprehensive policies for customers. By partnering with such big names, entrepreneurs can climb the success ladder effortlessly.
They also provide seamless claim settlements and excellent customer services, which can be a significant advantage for partners.
In addition, their brand reputation can work wonders in establishing the franchise business successfully.
Whether it’s health, life, term, or business insurance, these companies play a vital role in addressing policyholders’ queries promptly.
Therefore, if you are looking for the Best Insurance Partner in India to rely on, these top-rated companies are what you must reach out to.
LIC Agent Business – Best Insurance Agent Business in India
LIC Agent is the Best Insurance Agent Business in India. This renowned public organisation was founded in 1956 by Siddharth Mohanty and is headquartered in Mumbai.
With over 14 lakh active agents operating under its network, the LIC Agent program stands as the franchise business in the country.
Why Partner with the LIC Agent Franchise Program?
There is not one but numerous reasons why an aspiring insurance advisor should partner with the LIC Agent franchise business.
- Firstly, the LIC insurance advisor can complete the registration and training for just ₹2,000 to ₹3,500.
- Also, the infrastructure investment costs Rs.30,000 to Rs.50,000 to establish an office space.
- For life insurance, LIC offers a commission of 2% to 6% of the premium.
- Similarly, the commission is up to 15% of the premium for health insurance.
- Moreover, agents can make a net profit of around 62,500 per month in the LIC franchise business.
- Furthermore, the return on investment is only 3 to 6 months.
- In addition, to run the LIC Agent business, the agent must own a telephone and a computer with internet connectivity.
- Regarding support, the partner gets offers, client interaction training, relationship manager support, back-office support, etc.
- Lastly, the LIC insurance agent can access many products, such as life insurance, health insurance, rural insurance, and ULIPs.
Bajaj Allianz Agent Business – Top Insurance Agent Program in India
Next on our list is the Bajaj Allianz Agent program. The insurance company is a privately owned organisation headquartered in Mumbai, Maharashtra.
It was founded by Jamnalal Bajaj in 1926 and has over 1.5 lakh active agents.
In addition, the business setup takes only a month for individuals seeking to join this Top Insurance Agent Program in India.
Why Partner with the Bajaj Allianz Agent Program?
- By partnering with a trusted name like Bajaj Allianz, the agent can benefit significantly in revenue sharing, commissions, training, support, access to a wide range of insurance products, etc.
- Also, the agent does not need to wait longer to enjoy the returns. It only takes 3 to 6 months.
- In addition, the infrastructure investment is entirely optional.
- Moreover, the Bajaj Allianz advisor receives a commission of 2% to 4% of the premium under life insurance.
- Also, the commission is up to 15% on health insurance policies.
- The company sells customers’ life, health, motor, travel, business, and ULIP policies.
- Furthermore, by partnering with Bajaj Allianz, the partner can make a net profit of 64,000 per month.
- Additionally, the company extends its support with a back-office, dedicated relationship manager, client interaction, etc.
- Lastly, it lends marketing support through local advertisements, digital marketing, and unit interior and exterior ads.
ICICI Prudential Agent Business – Best Insurance Franchise in India
ICICI Prudential Agent business is a prominent insurance franchise with substantial brand value. It is a public sector company with its head office in Mumbai.
M S Ramachandran founded it in 2000. The company provides lucrative opportunities for aspiring entrepreneurs with a network of over 2.1 lakh active agents.
Let us look at the factors that made ICICI Prudential one of the Best Insurance Franchise in India.
Why Partner with ICICI Prudential Agent?
- As an ICICI Prudential agent, you will receive competitive commissions, incentives, extensive training, marketing support, etc.
- Moreover, the insurance advisor can start the franchise business with little to no investment except for registration and a training fee of Rs.4,000.
- Additionally, the company offers a commission of 2.5% to 5% of the premium under life insurance and 1.5% to 2% under ULIPs.
- Moreover, with ICICI Prudential, the agent can earn up to 62,500 monthly.
- Also, the agent can enjoy the returns in 3 to 6 months.
- Extensive company support, including offers, client interaction training, RM support, back-office assistance, and more, not only helps agents enhance their sales skills but also significantly improves customer service.
- Furthermore, the company offers agents product information, sales, service, and ULIP training.
Acko Agent Business – Top Insurance Franchise in India
Acko was founded by Varun Dua in 2016 in Bengaluru. The public organisation currently has 500+ agents.
Additionally, with a minimum investment of Rs.35,000 to Rs.65,000, any aspiring entrepreneur can start as an insurance agent at Acko.
Moreover, the company uses an all-digital process for a hassle-free experience. Let us look at the factors that made Acko get on our list and become a Top Insurance Franchise in India.
Why Partner with Acko Agent?
- By partnering with Acko as an agent, one can access tailor-made solutions for one’s business needs and a seamless digital experience.
- Moreover, Acko uses easy-to-integrate APIs, which will help agents launch the insurance in a day.
- In addition, the company offers a quick 3-step claim settlement.
- Also, it follows a paperless process, which can quickly grab the customers’ attention.
- Furthermore, the turnaround time is 3-5 working days, which is exceptional.
- Besides, Acko’s agent program requires a registration fee of Rs.10,000 to Rs.15,000, which is affordable.
- The company also offers insurance products such as life, health, motor, travel, business, and ULIP.
- Lastly, the revenue sharing with Acko is very impressive. It offers a 2.5% to 6% premium on life insurance and a 5% to 10% premium on health insurance.
HDFC ERGO Agent Business – Top Insurance Advisor Program in India
HDFC ERGO is another Best Insurance Advisor Program in India with an established brand name.
The joint venture organisation was set up in 2002 in Mumbai. Currently, it has 1.1 lakh+ agents that benefit from selling its products across the country.
Moreover, the insurance company offers outstanding revenue sharing to its agents.
Why Partner with an HDFC ERGO Agent?
- As an HDFC ERGO agent, you will be assigned a dedicated relationship manager. He provides expert guidance about the company’s products and services.
- Furthermore, the company follows advanced digital methods for issuing the policies, making it less time-consuming.
- Moreover, HDFC ERGO employs state-of-the-art technology and promotes cashless transactions.
- Also, the agents can cater to the customers’ ever-changing needs by offering them customised products.
- Furthermore, the insurance company offers extensive training on products, sales, services, and ULIPs.
- Coming to the commissions, it offers 5% to 10% of the premium under the health insurance policy.
- It also offers other products like motor, travel, business, and ULIP.
- Also, by joining hands with HDFC ERGO, the agent can earn Rs.52,500 net profit.
- Above all, the company offers marketing support to the agents.
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Go Digit Agent Business – Top Insurance Advisor Business in India
The Go Digit Partner program is also a booming franchise business opportunity in India.
If you seek a career as an insurance agent, you can partner with Go Digit, the Top insurance advisor Business in India.
Additionally, as an insurance agent of Go Digit, you will sell their insurance products and earn decent commissions. Also, you will receive performance-based incentives.
Why Partner with Go Digit Agent?
- Firstly, you can become your own boss by partnering with Go Digit Agent.
- Also, there are no fixed working hours. You have complete freedom to decide on your working hours.
- In addition, the company is responsible for providing all the necessary training required to become a professional insurance agent. Moreover, with just 15 hours of training, you will become an insurance expert.
- Furthermore, you can earn a high income by issuing more policies through Go Digit.
- Additionally, with zero investment, one can join Go Digit as an insurance agent and start selling their products.
- Moreover, the company has an extended product range that includes life insurance, health insurance, motor, travel, business, and ULIPs.
- Lastly, as a Go Digit insurance partner, you can earn up to 43,000 monthly.
ICICI Lombard Agent Business – Top 10 Insurance Agent Business in India
Want to be a part of a zero-investment business? So, look no further than the ICICI Lombard agent program.
With ICICI Lombard’s agent program, you can start your insurance agent journey and earn up to Rs.85,000 monthly in commissions.
Thanks to its power-packed features, it has consistently stood among the Top 10 Insurance Agent Business in India on our list.
Why Partner with an ICICI Lombard Agent?
- Firstly, the agent program offered at ICICI Lombard allows the agents to issue policies online instantly.
- Second is the flexibility of working hours. Working from anywhere and anytime is a boon for young entrepreneurs.
- Thirdly, the company provides reliable support at all times, ensuring a smooth flow of activities from agents to clients.
- Fourthly, the commission payout time is perfect at ICICI Lombard.
- Furthermore, ICICI Lombard uses digital platforms to settle claims. This dramatically reduces the agents’ stress.
- Moreover, not many eligibility criteria are required to become an ICICI Lombard agent. An individual over 18+ with a minimum 10th qualification can become an insurance agent at ICICI Lombard.
- Above all, the insurance company provides extensive support to its agents regarding local advertising, digital marketing, and unit interior and exterior ads.
TATA AIG Agent Business – Best Insurance Agent Business
The TATA AIG Agent business is another outstanding Best Insurance Agent Business to get a franchise. Neelesh Garg founded the company in 2001.
Currently, it has 60,000+ agents working under its network, selling its diverse range of products. With a bare minimum of registration and training fees, aspiring insurance agents can quickly enter the industry.
Additionally, a small infrastructure investment can quickly kickstart the journey of anyone seeking an exciting career in the insurance industry.
Why Partner with a TATA AIG Agent?
- With TATA AIG backing you, you can get expert guidance at every step. Furthermore, individuals can hone their skills through workshops and certification programs held by the company.
- Also, insurance agents can earn a high income by improving their product knowledge and interactive skills.
- In addition, once you register with TATA AIG as an agent, you can help people better plan their finances.
- Moreover, the company offers 5% to 10% of premiums for selling health insurance policies.
- Furthermore, it offers 5% to 7% of the premium for motor insurance and 3.5% to 5% of the premium for ULIP.
- Additionally, TATA AIG extends its support for client interaction training, RM support, back-office, etc.
- Above all, it provides training on product information, sales, services, and ULIPs.
Kotak Zurich Agent Business – Top Insurance Agent Business
Kotak Zurich is 9th on our list. It is a Top Insurance Agent Business in India, with over 50,000+ agents.
Additionally, with the potential to set up the business in one month, agents can quickly start earning.
They can also build a strong client base and leverage the company’s training and support to succeed.
Furthermore, the partner’s income is impressive, above Rs.50,000 monthly. However, the company does not offer life insurance products to its clients.
Why Partner with a Kotak Zurich Agent?
- By partnering with Kotak Zurich Agent, the individual can attain extensive training from the company.
- Also, the infrastructure requirement to open the business is minimal, limited to a telephone and a computer with internet connectivity.
- Regarding support, the company offers training for client interaction, a dedicated RM, partial marketing support, etc.
- In addition, the agents will have access to the operational and training manual.
- Furthermore, the company offers its agents local advertising and digital marketing support to increase their reach.
- Regarding products, Kotak Zurich’s agents can access health, motor, travel, business, and investment plans.
Bharti AXA Agent Business – Top 10 Insurance Partner Program
If you are looking for a Top 10 Insurance Partner Program, Bharti AXA Agent Business is one of them.
So, individuals with an interest in the insurance agent line of business can try their hand at it by becoming insurance advisors at Bharti AXA.
In addition, individuals can venture into this business without needing a substantial initial investment.
Moreover, starting as an insurance advisor with Bharti AXA does not require an office space.
Why Partner with Bharti AXA Agent?
- It is very easy to become a Bharti AXA Agent. A dedicated person, whether a homemaker, self-employed individual, or retired individual looking to restart their career, can join the guns with Bharti AXA.
- Moreover, Bharti AXA’s earning potential is unlimited. The more policies you sell, the more commission you earn from the company.
- Partnering with Bharti AXA can also earn the agent extra incentives and benefits. Good performers can also join the Elite Club.
- Also, with Bharti AXA, the growth opportunities are unlimited. By improving your skills, you can build your career and even lead the team.
- Furthermore, you can sell products that cater to a wide range of customers and their needs.
Now, let’s understand which Insurance Franchise is best for high commission, low investment, and incredible support.
You can also find Insurance Agent commissions, investments, and more details.
Best Insurance Franchise with High Commission
| TATA AIG | 3.5% to 10% of Premium |
| Go Digit | 2.5% to 6% of Premium |
| ICICI Lombard | 2.5% to 10% of Premium |
| Kotak Zurich | 2.5% to 10% of Premium |
| LIC | 2% to 15% of Premium |
| Bajaj Allianz | 2% to 4% of Premium |
| Acko | 2% to 6% of Premium |
| HDFC ERGO | 2% to 10% of Premium |
| Bharti AXA | 2% to 5% of Premium |
| ICICI Prudential | 1.5% to 5% of Premium |
Knowing the Best Insurance Franchise with a High Commission before starting is wise. In short, the attractive commission ensures financial stability and long-term growth for agents.
Moreover, the high commission motivates the agent to increase the scale of the business.
The table below shows that TATA AIG is in first place because it offers the highest commission, 3.5% to 10% of the premium.
Also, Go Digit is in second place because it provides a 2.5% to 6% premium. Furthermore, ICICI Lombard is in third place, with 2.5% to 10% of the premium for its agents.
Check the table below to learn the commissions offered by different insurance companies.
Top Insurance Partner at Low Investment
| Bajaj Allianz | Rs.27,500 – Rs.64,500 |
| Bharti AXA | Rs.27,000 – Rs.54,000 |
| TATA AIG | Rs.31,500 – Rs.53,000 |
| Kotak Zurich | Rs.31,500 – Rs.54,500 |
| LIC | Rs.32,000 – Rs.53,500 |
| Acko | Rs.35,000 – Rs.65,000 |
| ICICI Prudential | Rs.37,000 – Rs.59,000 |
| HDFC ERGO | Rs.37,500 – Rs.63,500 |
| Go Digit | Rs.42,000 – Rs.70,000 |
| ICICI Lombard | Rs.42,500 – Rs.63,500 |
Most entrepreneurs look for businesses that require zero to no investment. If you are one among them, you should consider the parameter of low investment while choosing an insurance franchise.
So, keeping that in mind, we have rounded up the Top Insurance Partners with Low Investment.
Dedicated individuals can join as insurance agents with the lowest investment possible with these companies.
Firstly, Bajaj Allianz offers low-investment franchise options at Rs.27,500 to Rs.64,500. The second one is Bharti AXA, which requires an investment of Rs.27,000 to Rs.54,000.
The third one is TATA AIG, whose initial investment to start as an insurance agent is Rs.31,500 to Rs.53,000.
In addition, you can check the table below to see the order of other companies that offer low-investment franchise options.
Best Insurance Agent Program with Large Network
| LIC | 14 Lakh+ |
| ICICI Prudential | 2.1 Lakh+ |
| Bajaj Allianz | 1.5 Lakh+ |
| ICICI Lombard | 1.2 Lakh+ |
| HDFC ERGO | 1.1 Lakh+ |
| TATA AIG | 60,000+ |
| Bharti AXA | 56,000+ |
| Kotak Zurich | 50,000+ |
| Acko | 500+ |
| Go Digit | 400+ |
The next parameter to consider when choosing an insurance franchise partner program is the network.
Here, we will address the Best Insurance Agent Program in India with an extensive network.
Our research and reports show that LIC has the most comprehensive network, with 14 lakh+ agents. Next comes ICICI Prudential, with 2.1 lakh+ agents.
Bajaj Allianz ranks third, with over 1.5 lakh agents, making it one of the leading insurance companies in India.
Joining an insurance company with an extensive network can provide greater market exposure, better business opportunities, and comprehensive support.
Moreover, agents can build a successful and stable career in such a company. For a better understanding, refer to the table below to find out the other insurance companies with large networks.
Top Insurance Advisor Business with High Expected Income
| Bajaj Allianz | Rs.64,000 |
| LIC | Rs.62,500 |
| ICICI Prudential | Rs.62,500 |
| Kotak Zurich | Rs.56,000 |
| ICICI Lombard | Rs.53,750 |
| HDFC ERGO | Rs.52,500 |
| Bharti AXA | Rs.47,500 |
| Acko | Rs.45,000 |
| Go Digit | Rs.43,000 |
| TATA AIG | Rs.41,000 |
Knowing the Best Insurance Advisor Business in India with a high expected income beforehand is an added advantage.
Moreover, income varies from one insurance company to another, so it is ideal to check the insurance franchise that offers the highest income.
Firstly, agents can earn an income of Rs.64,000 monthly with Bajaj Allianz. The second insurance firm on our list is LIC, which offers an income of Rs.62,500.
ICICI Prudential follows LIC, where the agent can earn up to Rs. 62,500. The table shows other insurance firms with high expected incomes.
Top Insurance Agent Franchise with Great Support
Agents must also consider comprehensive support in addition to income, an extensive network, high commission, and low investment.
With the company’s support, agents can effortlessly handle and settle clients’ claims and effectively cater to customers’ diverse needs.
That said, among the top 10 insurance franchise companies in India, LIC stands as the number one Top Insurance Agent Franchise.
Following closely behind, Bajaj Allianz offers unwavering support through a dedicated RM, back-office assistance, customer interaction training, etc.
Similarly, ICICI Prudential ranks third, offering great support to its agents.
Best Insurance Franchise in India – Conclusion
This is the complete guide to the Best Insurance Agent Franchise in India. We hope this comprehensive article helped you find the right insurance franchise business that meets your requirements.
You can also review the different parameters we have covered, like high income, low investment, large network, great support, etc., and join the agent program that best suits you.
In addition, with serious effort and dedication, you can create a promising career as an insurance agent with top insurance companies.
FAQs related to the Top Insurance Advisor Program in India
Read through these frequently asked questions if you have any unanswered queries.
Which is the Best Insurance Agent Business in India?
LIC Agent Business is the best insurance agent business in India. It is the best for various factors, like an extensive network and high expected income.
What is the average cost of becoming an Insurance Agent?
The average cost of becoming an insurance agent is around Rs.27,500 – Rs.64,500. Additionally, with Bajaj Allianz, agents can start their agent franchise business with this small amount.
Which Insurance Agent Program has a Great Support Structure?
Joining the insurance agent program with a great support structure is a great idea. Furthermore, LIC has the most excellent support, followed by Bajaj Allianz and ICICI Prudential.
How much does an Insurance Agent earn?
The insurance agent can earn a potential income of around Rs.64,000 through commissions and incentives.
Which Insurance Franchise charges a low Investment?
Bajaj Allianz is an insurance franchise business opportunity with a low investment. To start the business, you only need Rs. 27,500—Rs. 64,500.
Is an Insurance Agent Business a good career option?
Of course, yes. The insurance agent business is a good career option, especially for serious and dedicated individuals passionate about the insurance sector.
Which Insurance Agent Program provides high commission?
The TATA AIG insurance agent program offers the highest commission. It pays its agents 3.5% to 10% of the premium as a commission.
What are the monthly expenses of an Insurance Agent Business?
The monthly expenses of an insurance agent business include registration, training, office setup, etc. Moreover, the minimum expense starts at Rs.5,000 and goes up to Rs.20,000, depending on the individual priorities.
How do you become an insurance agent in India?
To become an insurance agent, you must register with the insurance company and complete the training. Furthermore, you must take the IRDAI exam and get a license to start selling policies.
Which Insurance Partner Program has the Largest Network?
LIC is the insurance partner program with the most extensive network. It has around 14 lakh+ agents operating across the country.
