Become a Certified POSP Insurance Agent in India in 2024

If you want to become an insurance agent, you must be over 18 years of age should have completed education up to at least Class 10th, and have a valid Aadhaar Card and PAN Card.

If you want to become an insurance agent, you must be over 18 years of age should have completed education up to at least Class 10th, and have a valid Aadhaar Card and PAN Card.

For registration, you will need the below documents. All these needs to self-attested (signed by you)  Class 10 or above pass certificate Copy of your PAN card, Aadhaar Card (front and back) A cancelled cheque (with your name on it)  A photograph.

For registration, you will need the below documents. All these needs to self-attested (signed by you) 

• Class 10 or above pass certificate
  
• Copy of your PAN card, Aadhaar Card (front and back)
  
• A cancelled cheque (with your name on it) 
  
• A photograph.
  

Yes, all commissions paid are subject to TDS. TDS is credited to the Income Tax authorities based on your PAN Card.

Yes, all commissions paid are subject to TDS. TDS is credited to the Income Tax authorities based on your PAN Card.

As soon as you have registered with us, you may begin your training for the PoSP exam. On giving and passing the exam, you will receive an eCertificate. You are then ready to start selling insurance as a PoSP agent.

As soon as you have registered with us, you may begin your training for the PoSP exam. On giving and passing the exam, you will receive an eCertificate. You are then ready to start selling insurance as a PoSP agent.

Yes, you will have to complete the training to become a POSP. It will include topics ranging from basics of insurance, policy types, process for issuance and claims, rules and regulations etc.

Yes, you will have to complete the training to become a POSP. It will include topics ranging from basics of insurance, policy types, process for issuance and claims, rules and regulations etc.

All Digit’s partners are assigned a relationship manager who will provide guidance and answer any questions that agents might have on the policies sold over the Digit platform. Agents can also email our support team at partner@godigit.com. 

All Digit’s partners are assigned a relationship manager who will provide guidance and answer any questions that agents might have on the policies sold over the Digit platform. Agents can also email our support team at partner@godigit.com. 

To become an insurance agent, you must be at least 18 years old and complete a pre-licensing education course for your chosen line of authority. Afterwards, pass your state’s insurance licensing exam. The number of required study hours and costs vary by state. Once you pass the exam, submit your license application and background check. Finally, get appointed with an insurance company to sell their products.

To become an insurance agent, you must be at least 18 years old and complete a pre-licensing education course for your chosen line of authority. Afterwards, pass your state’s insurance licensing exam. The number of required study hours and costs vary by state. Once you pass the exam, submit your license application and background check. Finally, get appointed with an insurance company to sell their products.

POSP agents can sell various types of insurance, including life, health, motor, and other general insurance products.

POSP agents can sell various types of insurance, including life, health, motor, and other general insurance products.

A POSP, or Point of Sales Person, is your direct link to comprehensive insurance coverage. By directly selling insurance policies to consumers, a POSP ensures customers receive the personalized attention and customized solutions they deserve.

A POSP, or Point of Sales Person, is your direct link to comprehensive insurance coverage. By directly selling insurance policies to consumers, a POSP ensures customers receive the personalized attention and customized solutions they deserve.

To apply for a Point of Sale Person (POSP) role in the insurance sector, an individual must meet the following eligibility criteria: Residency: Must be a resident of India. Age: Should be at least 18 years old. Education: The minimum educational qualification is passing the 10th standard. Identification: Must provide Aadhar Card & PAN Card. Bank Account: A bank account with a cancelled cheque or a 6-month bank statement is required. Exclusive Association: Cannot be a POSP of any other organization.

To apply for a Point of Sale Person (POSP) role in the insurance sector, an individual must meet the following eligibility criteria:

• Residency: Must be a resident of India.

• Age: Should be at least 18 years old.

• Education: The minimum educational qualification is passing the 10th standard.

• Identification: Must provide Aadhar Card & PAN Card.

• Bank Account: A bank account with a cancelled cheque or a 6-month bank statement is required.

• Exclusive Association: Cannot be a POSP of any other organization.

As a POSP, you don’t get a fixed salary rather you can earn significant income as commissions without any initial costs. Part-time POSPs can earn between ₹5,000 - ₹10,000, and full-time POSPs can earn between ₹50,000 - ₹2,00,000 monthly.

As a POSP, you don’t get a fixed salary rather you can earn significant income as commissions without any initial costs. Part-time POSPs can earn between ₹5,000 - ₹10,000, and full-time POSPs can earn between ₹50,000 - ₹2,00,000 monthly.

To become an officially registered PoSP (Point of Sales Person) agent, you need to complete a 15-hour certification mandated by IRDAI. IRDAI sets the qualifications, training, and certification process for POSPs to ensure that individuals are properly trained to sell insurance policies accurately and responsibly. After completing the training, you can take the exam to get certified.

To become an officially registered PoSP (Point of Sales Person) agent, you need to complete a 15-hour certification mandated by IRDAI. IRDAI sets the qualifications, training, and certification process for POSPs to ensure that individuals are properly trained to sell insurance policies accurately and responsibly. After completing the training, you can take the exam to get certified.

Among the various types of insurance, such as auto and health insurance, the most financially rewarding career within the insurance industry is selling life insurance.

Among the various types of insurance, such as auto and health insurance, the most financially rewarding career within the insurance industry is selling life insurance.

The maximum age for a Point of Sale Person (POSP) typically varies by country and insurance company, generally capped around 65. Some insurers may permit older POSPs, It is advisable to consult directly with the insurance company.

The maximum age for a Point of Sale Person (POSP) typically varies by country and insurance company, generally capped around 65. Some insurers may permit older POSPs, It is advisable to consult directly with the insurance company.

Insurance agents guide on policy matters and assist in customising policies according to individual needs.  POSP refers to a person who sells insurance plans offering total protection and tax advantages, primarily dealing in pre-underwritten insurance products.

Insurance agents guide on policy matters and assist in customising policies according to individual needs. 

POSP refers to a person who sells insurance plans offering total protection and tax advantages, primarily dealing in pre-underwritten insurance products.

POSP agents shoulder critical responsibilities such as policy sales, educating customers, and ensuring policy alignment with individual needs.

POSP agents shoulder critical responsibilities such as policy sales, educating customers, and ensuring policy alignment with individual needs.

To become a certified POSP Insurance Agent, complete a mandatory 15-hour POSP Training program directed by the IRDAI.

To become a certified POSP Insurance Agent, complete a mandatory 15-hour POSP Training program directed by the IRDAI.

First, you can start earning from an early age. Second, enjoy the flexibility of working from home without fixed hours. Third, become your boss by developing your client base and working independently. Additionally, zero investment is required to become an insurance POSP.

First, you can start earning from an early age. Second, enjoy the flexibility of working from home without fixed hours. Third, become your boss by developing your client base and working independently. Additionally, zero investment is required to become an insurance POSP.

Building a network, using social media, and participating in local events can help you connect with potential customers. Additionally, providing excellent service to existing clients can lead to referrals.

Building a network, using social media, and participating in local events can help you connect with potential customers. Additionally, providing excellent service to existing clients can lead to referrals.

To effectively handle customer objections as a POSP agent, listen actively, understand their concerns, empathise, and address each objection with clear, concise information. Educate them about the benefits and features of the product, offer solutions that meet their needs, and follow up to ensure satisfaction and build trust.

To effectively handle customer objections as a POSP agent, listen actively, understand their concerns, empathise, and address each objection with clear, concise information. Educate them about the benefits and features of the product, offer solutions that meet their needs, and follow up to ensure satisfaction and build trust.

When customers claim they don't need insurance, listening carefully and empathising with their perspective is crucial. Then, gently educate them on the unpredictable nature of future events and how insurance can provide peace of mind and financial security for themselves and their loved ones. Highlight specific scenarios or benefits that align with their lifestyle or concerns.

When customers claim they don't need insurance, listening carefully and empathising with their perspective is crucial. Then, gently educate them on the unpredictable nature of future events and how insurance can provide peace of mind and financial security for themselves and their loved ones. Highlight specific scenarios or benefits that align with their lifestyle or concerns.

The applicable commission rate for POSP (Point of Sales Person) agents varies based on the structure of the insurance plan. Generally, POSP agents can earn commissions ranging from around 5% to 30% of the premium paid by the client1. For example, if you sell insurance policies and the premium amounts to ₹100,000, your commission could be anywhere from ₹5,000 to ₹30,000, depending on the specific policy.

The applicable commission rate for POSP (Point of Sales Person) agents varies based on the structure of the insurance plan. Generally, POSP agents can earn commissions ranging from around 5% to 30% of the premium paid by the client1.

For example, if you sell insurance policies and the premium amounts to ₹100,000, your commission could be anywhere from ₹5,000 to ₹30,000, depending on the specific policy.

To renew your POSP certification, visit the official website of the insurance company you are affiliated with. Check for the renewal criteria, which may involve completing a certain number of training hours or passing an examination. Ensure your personal and professional details are up-to-date in their system. Generally, you must pay a renewal fee, and submit your renewal application and payment. It's advisable to keep a copy of the receipt for your records.

To renew your POSP certification, visit the official website of the insurance company you are affiliated with. Check for the renewal criteria, which may involve completing a certain number of training hours or passing an examination. Ensure your personal and professional details are up-to-date in their system. Generally, you must pay a renewal fee, and submit your renewal application and payment. It's advisable to keep a copy of the receipt for your records.

When you are new to selling insurance as a POSP agent, winning over clients who might doubt you is important. Show confidence in your knowledge - you are trained and certified. If someone questions your experience, be open and say, "Yes, I'm new, but I'm totally committed to helping you the best I can.” Also, let them know you have got support and guidance from your agency. Sharing stories of how you have helped others can prove your ability.

When you are new to selling insurance as a POSP agent, winning over clients who might doubt you is important. Show confidence in your knowledge - you are trained and certified. If someone questions your experience, be open and say, "Yes, I'm new, but I'm totally committed to helping you the best I can.” Also, let them know you have got support and guidance from your agency. Sharing stories of how you have helped others can prove your ability.