If you are planning to start your insurance business or you are already in it, then you must have heard about a POSP agent.
In this detailed article, we will cover everything about the POSP agent, and this article is very important for you if you have been searching for the following:
POSP full form is Point Of Sales Person. In insurance, POSP is a person who is authorised by an insurance company to sells simplified insurance products like:
In short, a POSP insurance agent helps customers choose and buy insurance easily, digitally, and with no heavy paperwork. Think of a POSP as a trusted guide who helps customers protect their money and life with the right insurance products.
Because of the ongoing digital awareness and easy access to the internet to vast sections of society, people now have now become more and more concerned with the safety and protection of their loved ones, their life, health, business and more. The following changes are also responsible for the popularity of insurance in India:
Let us understand the differences between classic insurance agents and modern POSP insurance agents from the table below:
As you can see, POSP insurance agents will be the future of insurance selling in India.
Now, we will see a real-life example for Rohan, whose life changed drastically once he became a POSP insurance agent.
Rohan, 24, from Jaipur, finished his graduation in 2023. As the job market was tough, he struggled for months. Then someone suggested he become a POSP insurance agent. He joined as a POSP agent through a certified platform and got his online training and certification in no time.
He started talking to his friends, neighbours, and local shopkeepers. In the first month, he sold:
And earned a total of ₹22,000. This did not stop here. In the next 6 months, he was earning ₹40,000–₹55,000 per month.
All by selling insurance online and through referrals. Today, he runs his own team and earns more.
No office, no investment - just trust, service, and consistency. You can do this too. If you want to become a certified POSP insurance agent for free, you can visit our official website and get your POSP certification in a few simple steps.
There are many misconceptions and myths when it comes to becoming a POSP insurance agent. We will see them one by one from the following table:
As you can see, selling insurance is not rocket science. Always remember that insurance is not selling, it is helping people protect their money and life.
The following are the types of insurance you can easily sell as a certified POSP agent:
The following are the benefits of becoming a POSP insurance agent:
The following is the eligibility criteria you need to meet in order to become a POSP agent:
Once trained, you get a POSP certificate and IRDAI registration, and then you are ready to sell insurance online.
Becoming a POSP insurance agent can be a great choice for the following:
If you can talk to people and help them choose the right insurance, you are already a good fit.
This is the MOST important section. So read slowly and carefully.
Fill in the details and verify your number through OTP.
You need to enter the details and make sure it correct. Once done, you can read the agreement and click on “I accept”
Once done, your account will be ready.
This option is available when you click on your profile on top left corner.
You need to enter your PAN card details, name, and other basic information about yourself
You need to upload the following documents:
Our team will quickly verify your details and documents. Once done, you will receive an update regarding your account activation
Once your account is verified and active, you can download the test material, go through it and give a simple test
After successfully completing the test, you can download your POSP certificate and start selling insurance and earning comission.
When you choose a POSP insurance agent through us, you get the following additional benefits as compared to other options in the market:
Important Note: To become a POSP via InvestKraft, you must first become an IK Partner. The benefits are that you get other financial products, like loans and investments to sell through the same platform.
As we have said earlier, you do not need to "force-sell". Just build trust and awareness. The following are some of the practical ways to get more leads:
And if you are stuck anywhere, we are always there to assist you in a prompt manner.
We have some tips which we have received from our partners over the years, which can help you become a successful POSP insurance agent:
Always remember that the insurance business runs on trust, knowledge and service.
POSP insurance is one of the safest, simplest, and fastest-growing earning opportunities in India right now for the following reasons:
POSP full form is Point Of Sales Person
Yes - anyone above 18 years with basic documents.
₹20,000 - ₹1,00,000+ per month depending on sales and referrals.
Only a simple assessment after training (very easy).
No. Work at your pace.
No. Your phone is enough.
You can start after training and completing the test.
Yes, 100% free, but you must first become an IK Partner, which is free too.
Diwakar Kumar Singh is an accomplished content creator with over 6 years of experience in crafting both long-form and short-form content.
A gold medalist in MBA (Marketing) from IMT and a qualified petroleum engineer, Diwakar brings a results-driven mindset to his work. His passion for writing enables him to produce compelling and engaging content that resonates with diverse audiences.
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