|Single and Fully Digital Transaction Platform for Insurance Products Viz. Motor Insurance (Car/2w), Health Insurance (Individual, Family) & Life Insurance|
|Paperless System with End to End Digital Execution. No branch visits|
|Get Training and Certification as per IRDAI norms|
|Choice of Insurance Companies across Products|
|Instant Policy Delivery|
|Transparent Remuneration Structure basis Successful Solicitation|
|Self-Learning Module for Enhanced Product Learning|
As per the insurance regulator of India, IRDAI, a PoSP is a certified insurance individual who can solicit insurance business for authorised PoSP products as an extension of the insurance broker.
Unlike regular insurance agent, a PoSP can sell insurance products from multiple companies, without any restrictions and across approved insurance categories too, like term life plans, motor insurance, health insurance plans and more.
As per the Insurance Regulator of India IRDAI, PoSP is a certified insurance agent who can sell insurance products across approved insurance categories from multiple companies without any restrictions. Insurance products like term life plans, motor insurance, health insurance plans and more.
As on the date of appointment as a POSP – you should have attained the age of 18 years and above (there is no upper age limit), and should be minimum 10th Class Pass.
List of mandatory documents required for becoming a POSP:-
1. PAN Card
4.Education qualification certificate (10th Or Above)
As mandated by IRDAI Insurance Information Bureau, the PAN No along with other details of POSP needs to be uploaded onto the Insurance Information Bureau POSP Portal, by the appointing/sponsoring entity.
A POSP can start selling POS products after completing the prescribed hours of training , passing online examination.