If you are planning to be part of the insurance sector by becoming a PoSP agent. You must understand the role and responsibilities of a PoSP insurance agent.
In this article, we will delve into the meaning, importance, and prospects of POSP. So, let us begin!
Who is an insurance PoSP?
PoSP is a Point of Sales Person, refers to an individual who acts as an intermediary between insurance companies and customers, facilitating the purchase of insurance products. To increase the insurance penetration in the country, PoSP insurance is playing a key role in PAN India. This initiative started in 2015 when the Insurance Regulatory Development Authority of India introduced the concept of PoSP.
To become an insurance PoSP in India, individuals are required to be 10th or 12th passed with valid ID proof, compared to other insurance distributors such as agents, brokers, and corporate agents.
Top benefits of becoming an Insurance PoSP in India
Lucrative career
There is no doubt about the fact that insurance is a multi-billion dollar industry globally. If you choose to become a PoSP advisor, you can earn attractive commissions and bonuses for selling insurance policies.
Work anytime and anywhere
The best part about becoming an insurance PoSP agent is that this profession offers flexible work schedules. It could be full-time and part-time. An ideal career for those looking to balance work and personal life. The best career for parents, students, or individuals with other commitments.
Earning Potential
The earning potential of an Insurance POSP agent can be significant. Over time, as they build a client base and gain experience, the income can increase substantially.
Zero Investment
Becoming an Insurance POSP involves zero investment. This makes it accessible to individuals from various financial backgrounds.
Low Entry Barriers
Becoming a POSP comes with minimal educational qualifications. This makes it accessible to a wide range of individuals. This low entry barrier allows people from diverse backgrounds to enter the industry.
Personal Growth and Development
Selling life insurance can be personally rewarding. It requires effective communication and empathy. It also requires the ability to understand and address the unique needs of each client. These skills can translate into personal growth and development. This makes it a more empathetic and effective communicator in all aspects of life.
Key benefits of becoming a PoSP with PBPartners- The best PoS Insurance Company
Biggest Product Line
Explore 51+ insurers’ providers on 1 platform.
Dedicated RM Support
1200 + RMS serving 18000+ PIN Codes
Exclusive Loyalty Program
At PBPartners, LOYALTY never gets unrewarded! We have a high reward-earning loyalty program. The more you sell the more you earn Loyalty coins.
Also Read: Importance of Insurance Coverage
