Turn Your Network into Income as a POSP Advisor
Start selling Health, Life, and Motor insurance from anywhere. Enjoy complete work freedom, dedicated sales support, and fast payout cycles.Turn Your Network into Income as a POSP Advisor
Start selling Health, Life, and Motor insurance from anywhere. Enjoy complete work freedom, dedicated sales support, and fast payout cycles.What is a POSP (Point of Sales Person)?
POSP (Point of Sales Person) is an IRDAI-certified insurance advisor who can help customers choose the right insurance products and earn attractive commissions on every successful policy sale. POSPs can sell health, motor, life, travel, and other insurance products after completing the required training and certification.
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Homemakers
This career opportunity is ideal for homemakers due to its remote work culture, flexible work schedule, and lack of requirements regarding prior work experience. They can become financially independent and make good use of their leisure time. According to statistics, between 25 and 30% of female PSOPs in the non-corporate sector work in the insurance industry.
Shopkeepers and Retailers
Insurance products can be cross-sold by retailers to their current clientele. There is room for retail establishments to boost insurance sales in locations where foot traffic has increased by over one-third.
Self-employed or Business Owners
Becoming a commission-based insurance agent is a way for independent contractors or business owners to make extra money with little work. They may be a good fit for the position due to their networking and sales abilities.
Financial Consultants and Advisors
Insurance products can be added to the services provided by financial advisors and consultants. They can generate more revenue by offering value-added services to their current clientele.
Retired Person
PSOPs are a stress-free way for retirees to earn money during their leisure time. With the network they have established over the years, they may create revenue at their own speed and from the comfort of their home.
College Students
Being a POSP is a clever method for college students to work part-time and make money because of its simple online onboarding process and minimal qualifying requirements. They gain confidence and improve their communication abilities as a result.
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How to Become a POSP Agent?
Register and Get Started
Go to our POSP registration site. Provide the required information in the application. Upload the necessary files.
Complete Training and Assessments
Get a state licence to offer insurance products by passing the IRDAI certification exam and completing 15 to 25 hours of IRDAI-approved training. Participate in the internal training program to learn about their products and hone your marketing and sales abilities. We provide an appointment letter once the required agency procedure is finished.
Begin Your Sales Career
Start generating leads, expanding your network, and launching your sales career with the appointment letter and sales licence.
Enjoy Earnings and Rewards
Increase sales with our digital tools and the ongoing assistance of our internal team. Achieve success and take advantage of limitless incentives and earnings.
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How Much Can You Earn as a POSP Agent?
As a POSP insurance agent, your pay is performance-based, so how much you make depends on how well you can sell. Depending on how many plans you sell, you might make anywhere from ₹10,000 to ₹50,000 or more. The earnings are related to sales and have infinite earning potential. Top-performing POSPs receive bonuses and incentives in addition to their normal salary for hitting the goals. It doesn’t matter if you work full-time or part-time. Your efforts determine how much money you make. This is a great way for self-driven people to develop a career with the potential to earn a lot of money.
Become a Certified POSP with us
Advantages of Becoming a POSP
- Work from anywhere, anytime
- Flexible working hours
- Attractive commission income
- No large investment required
- Sell multiple insurance products
- Professional training & business support
- Build your own client network
- Renewal income opportunities
- Great career option for students, professionals, homemakers, and entrepreneurs
- Unlimited earning potential based on your performance
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FAQ's
What is a POSP insurance agent?
A licensed insurance intermediary, POSP is authorised to sell insurance products from their selected insurance provider.
How to get a POSP certificate?
POSPs should complete an application and submit the required paperwork to register with the insurance company they plan to work with. An IRDAI certification exam and 15 to 25 hours of training are required. They next obtain the POSP certificate, which allows them to lawfully sell insurance products.
What types of insurance products can a POSP sell?
Simple, pre-made plans can be sold by POSPs. They won’t be able to offer programs that are specifically tailored to the needs of the customer.
What is the difference between a POSP and an insurance agent?
The goods that a POSP and an insurance agent can sell are the primary distinction between them. POSPs are only permitted to offer pre-made plans; they are not permitted to alter the plans to suit specific requirements. In order to meet the demands of their clients, insurance brokers can provide comprehensive products and tailor plans with particular coverage, exclusions, and deductibles. While insurance agents receive training covering product information, underwriting rules, risk assessment, and legal elements, POSPs receive training covering the know-how and processing of insurance products. In contrast to the certificate granted to insurance agents, which expires immediately when the agent surrenders the agency, the certificate granted to POSPs expires after three years and requires periodic renewals.
Who is ineligible to become a POSP?
A person cannot become a POSP if they do not meet the fundamental qualifying requirements, which include being 18 years old and passing the tenth grade.
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Athworth Wealth Pvt Ltd is a leading financial services firm dedicated to empowering clients and channel partners through innovative investment solutions and cutting-edge technology.
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- 14/3 Ideashacks Near Mewla Maharajpur Metro Station, Sector 31, Faridabad, Haryana 121003
- 3rd Floor B, D Block, Sector 2, Noida, Uttar Pradesh 201301
- +91 9821286788
- info@athworth.com
- Office Hours: 9AM - 6PM