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You might know someone who is looking for fire property insurance for homes/buildings, pet insurance, or car insurance. You are thinking of offering these products to them but you are not a licensed agent. Or you just want to learn more about the different insurances in the Philippines and you want to also try offering these insurances to your friends and family. We have good news for you! Being a non-life insurance agent is not that difficult. Here are 4 easy steps:
1. Apply as a Nonlife Insurance Agent of an insurance agency accredited by a Nonlife Insurance company (like our company Aetos Financial). When looking for the right insurance agency to join, consider asking what insurance companies they are affiliated with.
For example, our insurance agency Aetos Financial offers non-life, life, and health cards. The nonlife insurance companies that Aetos is affiliated with are Pioneer, Malayan, Standard Insurance, and Perla Insurance.
Just to give you a background:
*Pioneer – caters to middle to high-end customers mostly for property (home/building) and vehicle insurance
*Malayan – caters to middle to high-end customers mostly for all kinds of nonlife insurance (including pet insurance)
*Perla and Standard – caters to low to middle-end customers mostly for car and motorcycle insurance including insurance for taxis, etc.
2. Wait for a call from the company who will schedule you for an orientation and interview.
3. After attending this orientation and interview, you will be assessed if you can join the agency.
4. If approved fit to join the agency, you need to fill up and submit the agent application forms, documents, and payment for the Government Exam.
5. Once you pass the exam, the company will get in touch with you for the licensing requirements that you need to submit:
a. IC Application form
b. One (1) 2×2 latest ID Picture
c. Photocopy of Exam Result (or license form previous or existing Non-Life Insurance Company)
d. Photocopy of SSS ID, E1 form, or Certificate of Registration with SSS
e. Photocopy of BIR Certificate of Registration (1902)
f. Government License Fee
If you are interested in being a non-life insurance agent of Aetos Financial Insurance Agency, kindly send an email to careers@aetosfph.com and indicate that you want to become a non-life insurance agent or take the advisor quiz at https://aetosfph.com/advisor-quiz.
ABOUT THE AUTHOR
Mark Fernandez, CPA, RFC, AFA, CWP, CEPP started as an insurance agent/financial advisor right after graduation at age 22 while working as an auditor at SGV&Co (Ernst & Young). He worked as a part-time financial advisor for six months before going full-time. Despite having no insurance background or connections, he became a Million Dollar Round Table member (MDRT) at age 23 due to his perseverance to learn more about the world of investing and insurance. He is currently a life (at least 10 years MDRT) and qualifying member of the MDRT and is a 2022 Top of the Table Member. He is the founder of Aetos Financial Insurance Agency Inc, which has its head office in Makati. Aetos was the Top 1 in terms of FYP and Top 5 in APE in life insurance agency rankings nationwide in 2021. Currently, Aetos has operations and financial advisors in Luzon, Visayas, and Mindanao. He is currently completing his master’s degree at the Asian Institute of Management. You may reach us by calling Aetos Financial Office Landline at 02-8789-9128 or contacting our Hotline at 0905-FINANCE or 0905-3462623.
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