Many people are looking for alternative career paths and part-time occupations to supplement their income in these difficult economic times. Selling insurance online is one of the most effective ways to do it.


There are two basic techniques to sell insurance in India:

1. An Insurance Advisor

An insurance adviser is a person who works for a certain insurance company and contacts customers to assist them to sell insurance products, filing claims and more. To obtain your license and become an advisor, you must complete a training program and pass an exam set forth by the IRDAI.

2. A Point of Sale Person (POSP)

A POSP is a new form of insurance advisor license issued by the IRDAI in 2015. While you will still need to complete the required training program and pass the online exams, you will be able to sell products from a variety of insurance providers, including life and general insurance (including motor insurance, health insurance, travel insurance, and more).

Customers will be able to choose from a greater range of options and insurance plans from numerous firms, allowing them to find the best package for them. You can sell policies from a variety of businesses through an insurance intermediary or broker, or you can work with a single provider. As a result, you have more options than you would with a traditional insurance agent.

How To Become An Insurance POSP

As we've seen, a POSP (or Point of Sales Person) is someone who has been trained to sell insurance products from a variety of firms, including life insurance, auto insurance, health insurance, and more.

To become a POSP, you must first achieve the IRDAI's minimal educational requirements and then complete a mandated training course.
Qualifications Required for Becoming a POSP: To work as an insurance agent, you must meet a few fundamental qualifications. You must be at least 18 years old and have finished Class 10 to be eligible. A valid Aadhaar and PAN card, as well as a bank account in your name, are also required.
Procedure to Become a POSP: To become a POSP, you must first enroll with a specific firm or an insurance intermediary and then complete the IRDAI's 15-hour mandatory training. You will be granted a license to sell insurance plans once you have completed the training and passed the required exams (as per the POSP guidelines).
As a result, anyone who meets these fundamental requirements can apply to become a POSP. And, because you'll be able to sell and issue insurance policies online, all you'll need is a smartphone or laptop with a strong internet connection to get started.

Setting up online channels such as Google listings, website building, and other online channels such as Google, Facebook pages, advertisements, email, SMS, and WhatsApp, among other things. Short summaries of everything will be really beneficial.
                                   Most Commonly Asked Questions
What makes a POSP different from a regular insurance salesperson?
Who is eligible to become a POSP?
What is the maximum amount of money a POSP can earn?
What documentation must I provide to become a POSP?
What kind of merchandise may a POSP sell?
When will you be able to start selling insurance?
What Are Some of the Benefits of Being a POSP?