A POSP or point of sales person is responsible for selling a wide range of insurance products such as motor insurance, health insurance, and more. IRDAI or the Insurance Regulatory and Development Authority of India introduced POSP as an insurance distributor channel in 2015. Find out how to become a POSP insurance agent in Mumbai here.
Who is a POSP?
POSP is an independent agent who sells a range of insurance products to potential buyers. On the basis of insurance products sold, POSP will earn commissions. Thus, the greater the number of insurance products sold, the greater will be the commissions and thus the earnings. Moreover, to become a POSP insurance agent, you need to have a valid ID card, PAN card and must have passed the 10th exam. In addition, the individual must also be above 18 years of age and must have completed the mandatory POSP insurance as regulated by IRDAI.
Steps to Become POSP Insurance Agent in Mumbai
It is very easy to become a POSP insurance agent in Mumbai. Here are the steps for the same:
- First, fill out the POSP application form
- Once you have duly filled out the POSP application form, upload all the required documents
- Then, take the mandatory 15-hour exam as mandated by IRDAI
- Next, appear for POSP insurance agent exam in Mumbai
- After successfully completing the POSP insurance exam, you will get a license to legally sell insurance policies
Why Become POSP Insurance Agent in Mumbai with InsuranceDekho?
There are several benefits when you become a POSP Insurance agent in Mumbai with InsuranceDekho such as the following:
- You can become a POSP and get an opportunity to earn from the comfort of your home. All you have to do is sell insurance policies, so you can work from anywhere and earn a great deal of money as a POSP agent.
- The best part about becoming a POSP agent in Mumbai with InsuranceDekho is that anyone who is above the age of 18 years can become one. Be it housewives, college students, or senior citizens, anyone is eligible to become a POSP insurance agent.
- POSP insurance agents can select from a range of insurance products and sell a desired insurance plan.
- To become a POSP insurance agent, you do not require any investment. Thus, with zero investment, you can easily become a POSP Insurance agent with InsuranceDekho.
- You can be your own boss once you decide to become a POSP with InsuranceDekho. Moreover, there are timely payouts, professional training, and dedicated support when you become a POSP insurance agent with InsuranceDekho.
Take Away
So, follow the above-mentioned steps and become a POSP insurance agent in Mumbai with ease. With InsuranceDekho, you can sell a variety of insurance products such as car insurance,life insurance, health insurance, and more.