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Become a Health Insurance Agent
35,000+ Partners have earned 674 Crore+ with Digit.
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in spare time
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side income
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training by Digit
Who is a Health Insurance Agent/POSP?
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Interesting facts about Health Insurance industry in India
Why become a Health Insurance Agent/POSP with Digit?
Learn more about why should you become a health insurance agent, and why should you choose Digit?
How to become a Health Insurance Agent/POSP?
The easiest way to become an insurance agent is by completing your POSP certification. A POSP (Point of Sales Person) is the name given to an insurance agent who can sell specific insurance products.
To become a POSP, you only need to have the minimum educational qualifications required by the IRDAI and undergo training provided by us. Digit will take care of your training process. Don’t worry!
What are the requirements and qualifications to become a health insurance agent?
Here is what you need to become a health insurance agent:
- You must be over 18 years of age.
- You should have completed education up to at least Class 10
- You need to have a valid Aadhaar Card and PAN Card.
- You will be then be asked to complete compulsory 15-hour training specified by IRDAI.
We promise to help you learn everything you need to know!
Who can become a health insurance agent?
The only requirement for becoming an insurance agent is that the candidate must be over 18 years of age and should have completed Class 10.
So, basically anyone who fulfils these criteria can become an insurance agent. This includes college students, stay-at-home spouses, retirees, and businessmen/women
How to become a Health Insurance Agent/POSP with Digit?
Step 1
Sign up by filling our POSP form given above, fill all the details & upload required documents.
Step 2
Complete your 15-hour training with us.
Step 3
Complete the prescribed examination.
Step 4
Sign the agreement with us and that’s it! You’ll be a certified POSP.
How much you can earn?
Your income as a health insurance agent depends on the number of policies that you sell. A health insurance agent has a huge scope of earning high income. This is because the cost of medical treatments is gradually increasing.
This means that people now have to spend more money to get a medical treatment done and hence, they would like to buy health insurance plans to protect themselves and their families from such high expenditures.
Take a look at the commission structure below to get an idea on how much you can earn as an insurance agent:
|
Monthly net premium |
Commission & *Reward as % of net premium |
Arogya Sanjeevani |
|
<25K |
1 year - 25% | 2 years - 23% | 3 years - 22% |
15% |
|
>=25k & <50K |
1 year - 28% | 2 years - 26% | 3 years - 25% |
15% |
|
>50K & <1L |
1 year - 30% | 2 years - 28% | 3 years - 26% |
15% |
|
>=1L |
1 year - 35% | 2 years - 30% | 3 years - 28% |
15% |
Conditions:
- Payment will happen twice a month
- For deciding the month, date of policy issuance will be considered
- Payment for each slab will be considered separately.
- * T&C applicable, subject to maximum limit as prescribed in regulation
- Net premium means premium excluding GST
Why should I become a Health Insurance Agent?
Frequently asked questions
Can I work as a POS Person from home?
At Digit Insurance, we primarily sell insurance policies online. This means, you as a POSP can work from home and use our online processes to sell and issue policies. Apart from having a smartphone, a good internet connection, and the required 15-hours training, there’s nothing else you need to become a POSP.
How much you can earn as a health insurance agent?
Your income as a health insurance agent depends how many policies that you sell. A health insurance agent has lots of scope of earning high income as because the cost of medical treatments is gradually increasing and more and more people want to buy health insurance plans to protect themselves and their families
What documents do I need?
The documents that you will need to submit at the time of registration include Class 10 or above pass certificate, a copy of your PAN card, Aadhaar Card (front and back), a cancelled cheque (with your name on it) and a photograph.
Do the PAN Card holder and Bank Account holder have to be the same?
Yes, all commissions paid are subject to TDS. TDS is credited to the Income Tax authorities on the basis of your PAN Card.
When I can start selling health insurance?
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.
Is it compulsory to undergo any training to become certified as a POS person?
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.
What support services will I get if I partner with Digit?
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 contact the customer support team by emailing us at partner@godigit.com for any assistance.
How can I keep enhancing my knowledge after completing the POSP certification?
We have another extensive training program conducted for our POSPs after certification. They help in enhancing your insurance knowledge and improving your sales and servicing skills. These training programs and events will cover the following:
- Advanced insurance knowledge to handle complicated cases
- Keep abreast with the latest insurance products and how to pitch them
- Fun and interesting ways to learn various selling techniques which help in increasing your sales volumes.
What does a licensed health insurance agent do?
Health insurance agents sell health-related products and insurance to their clients. They typically seek out clients, presenting them with health insurance options that meet their needs.
For list of Corporate & Individual Agents, click here.