You might know someone looking for fire property insurance for homes/buildings, pet insurance, or car insurance. You are considering offering them these products, but you are not a licensed agent. Or you want to learn more about the different insurances in the Philippines, and you want also to 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 four easy steps:
Step 1. Apply as a Non-life Insurance Agent of an insurance agency (like Aetos Financial) that a Non-life Insurance company accredits. When looking for the right insurance team 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 non-life insurance companies that Aetos is affiliated with are Pioneer, Malayan, Standard Insurance, and Perla Insurance.
To give you a background:
*Malayan – caters to the middle to high-end customers mainly for non-life insurance (including pet insurance). Malayan is a non-life company with a wide range of product offerings, including bonds, business insurance, liability insurance, and more.
*Pioneer – caters to the middle to high-end customers primarily for bonds, property (home/building), and vehicle insurance
*Perla and Standard – caters to low to middle-end customers primarily for car and motorcycle insurance, including taxi/grab insurance, etc.
Step 2. Wait for a call from the agency/team, who will schedule you for an orientation and interview.
Step 3. After attending this orientation and interview, you will be assessed if you can join the agency. If you are accepted to join the agency, you need to decide if:
a. You will only sell non-life insurance products
b. You will also sell life insurance, investments, and health card products
Step 4. If approved fit to join the agency, you need to fill up and submit the following forms, documents, and payment for the Insurance Commission Government Exam:
a. Original Copy of Certificate of Training
b. Barangay/ NBI Clearance or Cert. of Good Moral Character
c. Two (2) 1X1 Photo
d. Photocopy of any Gov. Issued ID
e. Exam Fee. P1,010 for Manila, Cebu, and Davao district office and 710 for other provinces
4. Once you pass the exam, one of our coaches 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. License Fee of 1,540 (good for three years)
If you want to be a non-life insurance agent, go to this link.
WHO IS AETOS FINANCIAL:
Mark Fernandez, CPA, RFC, AFA, CWP, CEPP is the founder of Aetos and started as a part-time financial advisor at age 22 in the year 2009. Despite being a Cebuano and having no friends in Manila, he was able to create a system to grow his network and increase his client base which he teaches to his financial advisor recruits who became multi awarded advisors as well.
He is youngest Million Dollar Round Table (MDRT) Member Financial Advisor at age 23 despite having no parents/relatives working at the insurance industry. He is currently an MDRT life member and is a 2022 Top of the Table Member. Because of his length of experience, Aetos has hired, trained, and produced several successful financial advisors from Luzon, Visayas and Mindanao. Mark is also the chairman of the FinancePH Group of Companies where Aetos is one of the companies under the group. Aetos was the Top 1 in terms of FYP in IL’s life insurance agency rankings all over the Philippines in 2021. You may reach him at email@example.com or visit the Aetos office in Makati or check his website at www.mjtfernandez.com. He is currently completing his Master’s Degree at the Asian Institute of Management (AIM) Makati City.
Mica Fernandez, CPA, CWP, CEPP, GLMP is the President of Aetos Financial. She worked as an external auditor for 3 years at Price Waterhouse Coopers (PwC) (also known as Isla Lipana & Co.). While still working at PwC, she became a part time financial advisor at the age of 22. At age 24, she decided to resign from PwC and went to become a full time financial advisor despite earning only pure commissions and no fixed income. It was a leap of faith because she was still young and financially supports her parents who are in Batangas. Because her leap of faith, she received several awards from GAMA International as financial advisor leader.
She believes in the value of continuous education which is why she always kept herself up to date with the latest in finance to help serve her clients and advisors well. Today, she is now leading a group of dynamic advisors from different age groups and from different parts of the country with the hopes of reaching more Filipinos and helping them achieve financial freedom. She is driven by her personal mission of creating a positive impact in the lives of my advisors and clients. She enjoys mentoring new financial advisors to become multi awarded financial professionals.
*CPA – Certified Public Accountant
*RFC – Registered Financial Consultant
*AFA – Accredited Financial Analyst
*CWP – Certified Wealth Planner
*CEPP – Certified Estate Planner Philippines
*GLMP – Global Leadership Management Professional
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