It’s safe to say that India has yet not tapped its full potential in terms of the penetration of insurance. A daunting reason for this is the paucity of trained professionals who go on to become distributors or agents. PBPartners intends to transform the insurance domain by reaching out to customers who still prefer buying insurance offline. Simplifying the journey of partners from verification to registration, PBPartners takes you through a step-by-step procedure to scale offline insurance penetration in Tier-2 and Tier-3 cities.
What makes PBPartners so efficient and effective is that it’s based on the Point of Sales Person (PoSP) business model. This means that PBPartners not only offer a systematic trajectory for a professional’s career but also helps them qualify for the required training to sell insurance products. Leveraging Policybazaar’s expertise in the insurance business for the last 13 years, PBPartners aims to be a dominant player in the PoSP space. PBPartners will empower its PoSP agent partner through its online selling platform and Policybazaar.com’s innovative technology and its smooth claims assistance.
PBPartners will provide a route for customers who are still inclined towards offline assistance. Simultaneously, it will provide a platform for partners to enable the customer’s end-to-end online journey through its portal, from purchase to issuance.
One of the biggest advantages of the PBPartners model is that it allows agent partners to work for more than one insurance service provider. As opposed to the practice of former times when distributors used to be associated with just one company, agent partners can now sell insurance products for multiple companies. The only qualifying requisite for an individual to become an agent partner is for them to be 18 or above and to have cleared 10th standard exams.
PB Partners offers a range of product lines with 18 insurance providers. The company is currently selling the entire bouquet of General Insurance products and will start with Life Insurance in the next quarter.
The most beneficial thing about being at PBPartners is that you can undergo training online and begin your full-fledged career as a PoSP. Earlier, only the National Institute of Electronics and Information Technology (NIELIT) could certify trained PoSP. But now PBPartners brings you this facility so that you can take the next big step towards your full-time career. This enables a quicker onboarding procedure for agent partners. The conducted online training takes at least 15 hours and the online test is in an objective format.
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