“Insurance Agent” means an individual appointed by an insurer for the purpose of soliciting or procuring insurance business including business relating to the continuance, renewal or revival of policies of insurance either for one life insurer or for a general insurer. Agent, Composite : “Insurance Agent” means an individual appointed by an insurer for the purpose of soliciting or procuring insurance business including business relating to the continuance, renewal or revival of policies of insurance either for one life insurer and a general insurer. If the applicant resides at a place where the population is 5,000 or more then then minimum qualification is to possess a pass in the 12th standard or equivalent examination conducted by any recognized Board/Institution. If the applicant resides at a place where the population is less than 5,000 then the minimum qualification is 10th or equivalent. Individual Agent who received practical training and examination can solicit and procure insurance business. The designated person in the insurance company shall issue and renew the licence. No capital requirement. Agent, Tied Representative (Tied Channel of Distribution of Insurance) : Comprises of individuals who in addition to representing one life insurer and one non-life insurer can also represent one standalone health insurer. In addition, the same individual agent can also be associated with two specialized insurers viz., Agriculture Insurance Company of India (for selling crop insurance) and Export Credit Guarantee Corporation of India.