How To Become POSP Insurance Agent?

In India, the insurance sector is growing considerably each year to address the needs of 1.4 billion people. To enable each Indian to get benefitted by insurance coverage, the Insurance Regulatory and Development Authority of India (IRDAI) developed a new insurance distribution strategy in 2015. Under this move, IRDAI created Point of Sales Persons or PoSP, who are trained and certified professionals, assigned to sell a range of pre-underwritten insurance products to their clients. They can see a variety of auto insurance, health insurance and life insurance products available in the market.

Who can become a PoSP Insurance Agent

The role of a PoSP insurance agent is a little different from that of a conventional insurance agent. A PoSP functions as an independent agent & a mediator between insurance companies and customers. They can sell basic insurance policies directly to the customers. It is always recommended to be aware about different products available in the market, to learn about the best insurance alternatives for clients and prospects because.

For fresh graduates and those looking for part-time work, working as a PoSP agent is a great opportunity. Not only the college students, homemakers, retirees, but also the people who already have a career, but would like to have some extra income, may find it to be a great option.

How to become a POSP with Religare?

Religare brings to you the opportunity to open the world of insurance products for you, in just a few steps. Just follow these steps to become a PoSP agent partner.

Step 1: To become a PoSP agent partner with Religare, fill the form on our website with your official registered mobile number and other key details.

Step 2: Post filling the form, you are required to undergo a mandatory 15-hour training. Upon successfully completing the training, you are provided a PoSP certification, authorizing you to sell policies.

Step 3: Start working as a Religare PoSP Insurance Agent and earn commission on your sales. Your earnings are dependent on the time and efforts that would make towards your work.

What you need to work as a PoSP Insurance Agent

The eligibility criteria is quite basic for POSP insurance agents. One needs to pass at least the 10th grade and should be 18 years of age to be eligible to work as an PoSP Insurance Agent with Religare. The next step for the prospective agents is to complete training to get familiar with insurance products, regulatory frameworks, sales strategies etc to help them work efficiently. The training and certification process are simple and straightforward that can be followed even by those who are not well-versed in insurance products. Other than the educational qualifications and training, one should have a combination of knowledge, skill, capabilities and attitude to follow the necessary regulations to work as an insurance agent. In order to become a Religare Insurance PoSP Agent, it is mandatory for you to not to be registered with any other insurer, broker or Common Services Centres.