Introduction: Understanding the Role of a POSP Insurance Agent
In the evolving world of insurance, becoming a POSP Insurance Agent (Point of Sales Person) is one of the most promising opportunities for individuals seeking a flexible and rewarding career. Whether you're a student, working professional, or homemaker, this role empowers you to sell insurance products directly to customers without the need for a full-fledged license.
What is a POSP Insurance Agent?
A POSP (Point of Sales Person) is an individual authorized by an insurance company to sell specific insurance products like:
Motor Insurance (Car/Bike)
Health Insurance
Travel Insurance
Life Insurance (Term plans, etc.)
These agents can operate digitally or offline and are trained through IRDAI (Insurance Regulatory and Development Authority of India) certified programs.
Key Features of Being a POSP Agent
No complex certifications required
100% online registration and training
Work from home flexibility
Earn unlimited commission
No age barrier (18+ only requirement)
Eligibility Criteria to Become a POSP Insurance Agent
To become a POSP, you must:
Be at least 18 years old
Have completed at least Class 10 (10th standard)
Own a smartphone or computer with internet access
Complete a 15-hour IRDAI-mandated training course
Pass the online examination
How to Become a POSP Insurance Agent?
Here’s a step-by-step guide to get started:
Step 1: Choose an Insurance Company or Aggregator
Select a certified insurer or digital platform that allows POSP onboarding.
Step 2: Complete Registration
Provide your KYC documents like Aadhaar, PAN, and educational certificate.
Step 3: Undergo IRDAI Training
Complete the 15-hour mandatory POSP training online, focused on insurance basics, ethics, and regulations.
Step 4: Clear the POSP Exam
Take the online test to validate your understanding. Once cleared, you’ll receive your POSP license.
Step 5: Start Selling Insurance
You can now start offering insurance products and earning commissions on every policy sold.
Benefits of Being a POSP Insurance Agent
High Earning Potential – Earn commissions for every policy sold, with no cap.
Flexible Working Hours – Work from home or on the go, part-time or full-time.
Zero Investment – No office setup or high fees required.
Job Satisfaction – Help people choose the right insurance coverage.
Digital Ecosystem – Access to mobile apps and CRM tools for easy policy management.
POSP Insurance Agent vs Traditional Insurance Agent
Criteria | POSP Agent | Traditional Agent |
Training Time | 15 hours | 100+ hours |
Licensing Authority | IRDAI via insurer or aggregator | IRDAI direct |
Work Setup | Digital/Remote | Usually office-based |
Investment | Zero to minimal | Often involves setup costs |
Time Flexibility | High | Medium to Low |
Common Insurance Products Sold by POSP Agents
Motor Insurance: Car and two-wheeler policies
Health Insurance: Individual, family, or senior citizen plans
Life Insurance: Term insurance and protection plans
Travel Insurance: For domestic and international trips
Tips for Succeeding as a POSP Agent
Build trust with clients through honest advice
Stay updated on new insurance policies
Leverage social media for lead generation
Partner with multiple insurers (if allowed) for wider product range
Use CRM tools and insurance apps for better customer service
Conclusion
Becoming a POSP Insurance Agent is a smart choice for anyone looking to earn extra income while helping people protect their lives and assets. With minimal investment, full training, and flexible hours, this role can be your gateway to the ever-growing insurance industry in India.
If you're considering a career in insurance without the hassle of complex exams or licenses, becoming a POSP Insurance Agent might be your perfect start.
