How Can You Sell Insurance Online?

The main difference between the two is that an insurance agent can only sell insurance plans of the company they are associated with, and they can get either a license to sell life insurance, a license to sell general insurance, or a composite license to sell both life and general insurance. On the other hand, a POSP agent can sell insurance plans across all the above categories of insurance, and from a variety of insurance companies, though to do so they need to be associated with an insurance intermediary or broker.

The main difference between the two is that an insurance agent can only sell insurance plans of the company they are associated with, and they can get either a license to sell life insurance, a license to sell general insurance, or a composite license to sell both life and general insurance.

On the other hand, a POSP agent can sell insurance plans across all the above categories of insurance, and from a variety of insurance companies, though to do so they need to be associated with an insurance intermediary or broker.

Anyone who meets the basic criteria (being over 18 years old and having passed Class 10) can become a POSP. Thus, it is the perfect opportunity for freshers. And, since you can do this work part time, it is also a good opportunity for college students, homemakers, retirees, and even those who already have a job but still want to do more things on the side

Anyone who meets the basic criteria (being over 18 years old and having passed Class 10) can become a POSP. Thus, it is the perfect opportunity for freshers. And, since you can do this work part time, it is also a good opportunity for college students, homemakers, retirees, and even those who already have a job but still want to do more things on the side

As a PSOP, your earnings won’t rely on the number of hours you work but on the number of policies you issue. Since there is no fixed income, and no maximum limit, there is a lot of scope for high earnings. Essentially, the more policies you sell, and the more renewals you get, the more you can earn as a POSP.

As a PSOP, your earnings won’t rely on the number of hours you work but on the number of policies you issue. Since there is no fixed income, and no maximum limit, there is a lot of scope for high earnings. Essentially, the more policies you sell, and the more renewals you get, the more you can earn as a POSP.

To register as a POSP, you will need the following documents: A copy of your Class 10 (or above) pass certificate A copy of your PAN card and Aadhaar Card (front and back) A cancelled cheque with your name on it  A photograph

To register as a POSP, you will need the following documents:

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

Depending on the company they work for, a POSP can sell insurance plans from across several categories of insurance. These include life insurance, term insurance, motor insurance, health insurance, travel insurance, and more.

Depending on the company they work for, a POSP can sell insurance plans from across several categories of insurance. These include life insurance, term insurance, motor insurance, health insurance, travel insurance, and more.

Once you have registered with an insurance company or broker, you can complete the 15 hours of training and pass the required examination. Then you will receive an eCertificate, and you can start selling insurance online as a POSP agent.

Once you have registered with an insurance company or broker, you can complete the 15 hours of training and pass the required examination. Then you will receive an eCertificate, and you can start selling insurance online as a POSP agent.

There are a number of benefits of selling insurance online as a POSP: There are no fixed timings – You can easily choose and set your own working hours and decide whether you wish to work full-time or part-time. You can become your own boss – You’ll be able to work when it’s convenient for you, and set how much work you want to do. It’s possible to work from home – Since POSPs can use online processes to sell policies, they can easily work from home, or even anywhere else they want to. There are set commissions – POSPs earn commissions that are set by the regulatory body (IRDAI). So, while you’ll likely get a stable flow of income, the amount will depend on the number of policies you issue. Zero investment is required – There’s no investment or payment required when you join as a POSP. All one needs is a smartphone, computer, and an internet connection!

There are a number of benefits of selling insurance online as a POSP:

• There are no fixed timings – You can easily choose and set your own working hours and decide whether you wish to work full-time or part-time.
• You can become your own boss – You’ll be able to work when it’s convenient for you, and set how much work you want to do.
• It’s possible to work from home – Since POSPs can use online processes to sell policies, they can easily work from home, or even anywhere else they want to.
• There are set commissions – POSPs earn commissions that are set by the regulatory body (IRDAI). So, while you’ll likely get a stable flow of income, the amount will depend on the number of policies you issue.
• Zero investment is required – There’s no investment or payment required when you join as a POSP. All one needs is a smartphone, computer, and an internet connection!