Become a POSP Insurance Agent in 3 easy steps

If you're looking for a new career in the insurance industry, becoming a Point of Sales Person (POSP) insurance agent might be the perfect option for you. POSP agents are responsible for selling and promoting insurance policies, as well as providing valuable advice to customers. They play a critical role in the insurance industry by helping people to safeguard their lives, health, and assets. In this article, we will provide you with a step-by-step guide on how to become a POSP insurance agent in three easy steps.

Step 1: Meet the Eligibility Criteria

To become a POSP insurance agent, you must meet certain eligibility criteria, which include:

• Age: You must be at least 18 years old to become a POSP insurance agent.
• Education: You must have completed your 10th standard (or equivalent) education to be eligible to apply for the POSP certification.
• Training: You must complete a mandatory 15-hour training program that is recognized by the Insurance Regulatory and Development Authority of India (IRDAI).
• No criminal record: You must have a clean criminal record and must not have been convicted of any crime in the past.

If you meet the above eligibility criteria, you can move on to the next step.

Step 2: Register for the POSP Certification Course

The next step is to register for the POSP certification course. You can register for the course through any of the IRDAI-approved training institutes in India. The certification course is designed to provide you with the necessary knowledge and skills required to become a successful POSP insurance agent.

The POSP certification course covers the following topics:

• Introduction to insurance
• Types of insurance policies
• Principles of Insurance
• Sales and marketing strategies
• Ethics and compliance in insurance

The course is usually conducted over a period of two to three days, and you will be required to attend all the sessions to be eligible for the certification. Once you complete the course, you will be given a certificate of completion, which is valid for three years.

Step 3: Apply for the POSP License

The final step in becoming a POSP insurance agent is to apply for a POSP license. You can apply for the license through any of the IRDAI-approved insurance companies in India. The license is valid for three years, after which you will be required to renew it.

To apply for the license, you will need to submit the following documents:

• POSP certification course completion certificate
• Identity proof (such as an Aadhar card, passport, or PAN card)
• Address proof (such as Aadhar card, passport, or utility bill)
• Two passport-sized photographs

Once you submit the documents, the insurance company will conduct a background check to verify your eligibility. If everything is in order, you will be issued a POSP license, which will allow you to sell and promote insurance policies.