This study examines the role of insurance agents in promoting economic growth, with special reference to their contribution to financial inclusion, savings mobilization, risk management, and employment generation. Insurance agents serve as a vital link between insurance companies and policyholders, particularly in developing economies where awareness and accessibility remain key challenges. Through a field-based survey using a structured questionnaire, the study analyzes how agents influence insurance penetration and economic stability at the household and business levels.

The findings indicate that insurance agents significantly enhance financial literacy, encourage long-term savings, and facilitate risk transfer mechanisms that protect individuals and enterprises from financial shocks. By expanding insurance coverage in rural and semi-urban areas, agents contribute to capital formation and strengthen the formal financial system. Furthermore, the insurance agency system itself generates employment opportunities and supports entrepreneurial growth.