Find Your Franchise

Know everything about SBI Life Agent or Insurance Advisor Business Opportunities here.

Check out details like the SBI Life Franchise Review and Ratings, Cost, Commission Infrastructure requirements, Support details, ROI tenure, and more.

This Insurance Agent business is a leading insurance franchise. You can check all relevant information & make your insurance business investment decision.

SBI Life Agent Business Opportunity - Snapshot

Line of Business

Insurance Agent

Unit / Shop Area

150 - 200 Sq. Ft. (Optional)

Commission% / Revenue Sharing

1.5% to 5% of Premium

Total Investment

Rs.27,000 - Rs.64,000 (Optional)

ROI Timeframe

3 to 6 Month

SBI Life Insurance Agent Review & Ratings by Franchisebyte

Revenue Sharing

4.29 / 5

Franchise Fee & Infra Investment

4.23 / 5

Support & Training

3.93 / 5

ROI Timeframe

4.20 / 5

Brand Value

4.25 / 5

Overall Ratings

4.18 / 5

Star Ratings


Overview of SBI Life Franchise

Industry

Finance & Money

Business Line

Insurance Agent

Organization Type

Public

Head Office

Mumbai, Maharashtra

Founder

Mr. Amit Jhigran (MD & CEO)

Founded In (year)

01 March 2001

No. of Agents

2.6 Lakh+

Master Franchise Model

NA

Agents Tenure

Lifetime

Agents Location

All over India

Business Set-Up Time

1 Month

Agent Commencement Year

2004

SBI Life Agent Fees or Business Cost

Registration & Training Fees

Rs.2,000 - Rs.4,000

Infrastructure Investment

Rs.25,000 - Rs.60,000 (Optional)

SBI Life Advisor Commission / Revenue Sharing / Royalty

Life Insurance Commission

2.5% to 5% of Premium

Health Insurance Commission

NA

Motor Insurance Commission

NA

Travel Insurance Commission

NA

Business Insurance Commission

NA

ULIP Commission

1.5% to 4.5% of Premium


SBI Life Insurance Partner – Income, Expenses & Profits

Check out the expected profits & expenses generated by the SBI Life Franchise Business.

Life Insurance Premium 25,00,000
Health Insurance Premium
ULIP Premium 12,00,000
Life Insurance Commission (2% of Pre) 62,500
Health Insurance Commission (15% of Pre)
ULIP Commission (2% of Pre) 18,000
Agent’s Income 80,500
Total Expenses 27,000
Agent’s Net Profit 53,500
Net Profit Margin 1.446%

SBI Life Insurance Advisor ROI Details

In Months

3 to 6 Month

Master Franchise of SBI Life - Information

Franchise Fee

NA

Infrastructure Investment

NA

Commission% / Revenue Sharing

NA

SBI Life Agent Business - Infrastructure Requirement

Shop / Unit Area

150 - 200 Sq. Ft. (Optional)

Employee Strength

Minimum 1

Telephone Lines

Compulsory

Computer / Internet Connectivity

Compulsory

Airconditioner

Optional

CCTV Set-up

Optional

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Support Provided by SBI Life Insurance Agent Program

Offers

Available

Client Interaction Training

Available

Relationship Manager Support

Available

Back-Office Support

Available

Marketing Support

Partially Available

Business Management Software

NA

Website Support

NA

Operation Manual

Available

Training Manual

Available

SBI Life Partner Program - Marketing Support

Unit Interior & Exterior Ads

Available

Local Advertisement

Available

Digital Marketing

Available

Television Advertisement

NA

Prints Advertisement

NA

Events/Seminars

NA

Training provided by SBI Life Insurance Advisor Franchise

Product Information Training

Provided

Sales Training

Provided

Service Training

Provided

ULIP Training

Provided

SBI Life Insurance Agent - Products & Services Offered

Life Insurance

Available

Health Insurance

NA

Motor Insurance

NA

Travel Insurance

NA

Business Insurance

NA

Agricultural Insurance

NA

Rural Insurance

NA

Investment Plans (ULIPs)

Available

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SBI Life Franchise - Revenue per Customer

Life Insurance Premium

Rs.6,000 to Rs.40,000

Health Insurance Premium

NA

Motor Insurance Premium

NA

Travel Insurance Premium

NA

Business Insurance Premium

NA

Agricultural Insurance Premium

NA

Rural Insurance Premium

NA

Investment Plans (ULIPs)

Rs.10,000 to Rs.10 Lakh

Qualification required by SBI Life Insurance Agent

Nationality

Indian

Age Limit

18+

Business Experience

Preferred

Academic Qualification

10+, Graduation Preferred

IRDAI Certification

Mandatory

PoSP Certification

Mandatory

Documents Required to Start SBI Life Agent

Insurance Agent Agreement

Required

Proprietor Aadhaar Copy

Required

Proprietor Photo

Required

Proprietor / Business PAN Copy

Required

Business TAN Copy

Required

GST Registration Certificate

Required

Proprietor / Business Address Proof

Required

Unit / Shop Address Proof

Required

Latest ITR or Form16

Required

Bank Statement

Required

SBI Life Partner Dashboard or Backoffice Login

Dashboard Link

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