Associate with us as PoS
PoS Registration
What is PoSP ?
Understanding Pos Advisor :
PoSP stands for Point of a salesperson... While normal insurance agents can only sell insurance policies of their own companies, a Posp can sell insurance products across companies and across insurance categories too, like term plans, life plans, health plans, and so on.
The Insurance Regulatory and Development Authority of India, better known as IRDAI, which is responsible for all insurance-related activity in the country, has recently devised a unique way to ensure every citizen of India has the opportunity to be under the insurance umbrella through The PoSP Program. PoSP stands for Point of a salesperson.
A PoSP is an insurance agent who has the authority to work at the grassroots level and offer their customers a multitude of options like never before. While normal insurance agents can only sell insurance policies of their own companies, a Posp can sell insurance products across companies and across insurance categories too, like term plans, life plans, health plans, and so on.
To increase insurance the penetration in India, IRDAI introduces the aforesaid system which is a new type of distribution mechanism in the country. Thus, the requirement to become a PoSP minimal and easy to operate.
Unique Advantage
The other Insurance agents, corporate agents, banks, Insurance marketing firms, can only sell one, two, or three insurance company products. The advantage of becoming POSP of Insurance broker is that you can sell any (more than 50+) insurance company products. You can choose the most suitable insurance company and product based on your client requirements and offer them. The experience of the client is satisfactory to the extent that they have got the best deal in a competitive market while PoSP earns royalty income by retaining renewals. Almost everyone needs Insurance these days, that means all your neighbors, friends, relatives, and even their contacts can become your clients. There is no end to the potential income.
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Become your own boss
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Earn unlimited income
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Work from home
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Work part-time/full-time
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Earn Renewal income
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Here are some other advantages:
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A PoSP has the authority to issue insurance policies on the spot (no underwriting necessary)
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PoSP agents sell simple, transparent insurance plans that provide complete protection and tax benefits
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Many more options for customers to choose from; a single PoSP can provide Insurance solutions by representing several Insurance companies.
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PoSP agents have been equipped with digital technology which makes their lives form-free and therefore their customers' insurance experience richer
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Through PoSP agents, the insurance industry is bringing all the benefits it can provide the right to the doorstep of the common Indian.
How to Apply for PoSP?
Fill up the below form and we will call you. Please keep the below documents ready with you.
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IRDAI of 15 hours followed by an exam.
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Aadhar card
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PAN card
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10 class or 12 class pass certificate.
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Canceled cheque copy
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1 passport size photo
Training and Eligibility
You should be 18 years and above and should have passed 12th standard
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We will conduct initial training as per guidelines issued by IRDAI of 15 hours followed by an exam. Once you pass the exam, you will become our PoSP.
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You can become PoSP of only one insurer or an insurance broker.
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All the marketing material, sales kit, and product training and support will be provided by us.
Huge Opportunity Awaits for You
Almost everyone becomes your prospective customer. Let us try to analyse the opportunity. You can sell the under noted policies :
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Car or two-wheeler policies which are compulsory by law - That means Almost all your friends, relatives and even their friend and relatives will have some vehicle. That means they can become your potential business customers.
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Health Insurance product – Everyone needs Health insurance these days.
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Personal accident policy – This is a very low-cost insurance policy and easily marketable.
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Travel Insurance – Home Insurance – Crop Insurance
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Life Pure Term Insurance – Immediate Annuity Life - Non-Linked Endowment Products
Duties/activities of Insurance Advisory(PoSP)
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Assess Customer Needs
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Process Policy Paperwork
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Utilize Marketing to Generate More Business
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Contact Existing Customers
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File Reports
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Insurance advisors routinely speak to customers to assess their needs and explain insurance policies
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Provides minimum possible quotation after negotiating from all the companies
FAQs: POS Advisor with Security Insurance Brokers (BimaBachat.in) are :
The advantages of turning into Point of Sale (POS) Advisor.
Hassle-free Online Process: Once you become a POSP with Security Insurance (BimaBachat.in), you are good to go to sell Car, Two-wheeler, Health, and Life Insurance products through the online process of the website of ours.
Various Choices: SIB is one of the leaders in the Insurance segment not only gives you an edge but also helps to deal with various insurance companies under one roof.
Additional Income: One can also work alongside the job a person is in which means the PoS advisor has the liberty to work for the additional income beyond the income generated from regular work.
Zero Investment: All you need is a cell phone with web network, our CRM system will guide towards the business you are targeting and our team could handhold you to the closure of the same.
The amount one can earn as an Insurance Point of Sale (POS) Advisor?
It thoroughly depends upon an individual to an individual. If you can comprehend individuals' prerequisites and encourage them to purchase the insurance that is better for them based on the value-added points and pricing. The more endeavor you put in your work, the more you can procure generally,
What is the Educational Qualification to turn into an Insurance Point of Sale (POS) Advisor?
To turn into a Point Of Sale (POS) Advisor, the base instructive capability criteria is twelfth pass, however, there are many Point Of Sale (POS) Advisors who are qualified yet the base capability is +2 in particular.
Which all Insurance Companies' a PoS attached to Security Insurance Brokers (BimaBachat.in) can sell?
There are three classes in which Security Insurance (BimaBachat.in) is managing for example Motor Insurance, Health Insurance and Life Insurance. In this way, a POSP can sell or approach any of the three classes offered by following Insurance Companies: Bajaj-Allianz General Insurance, Bharti AXA General Insurance, Digit Insurance, HDFC Ergo General Insurance, ICICI Lombard General Insurance, IFFCO TOKIO General Insurance, New India Assurance, Reliance General Insurance, Religare health Insurance, TATA AIG General Insurance and many more in the Industry.
What happens when you are not able to clear the Point of Sale (POS) Advisor's test with Security Insurance's (BimaBachat.in)?
You can generally elude study material (accessible on the web) and take the test once more. There is no cost required here and different endeavors of test can be taken with no extra expense or preparing.
What is the preparation term and prospectus for turning out to be Security Insurance's (BimaBachat.in) POS?
For turning into a IRDA POSP with us, one must experience a web-based preparing of 15 hours. Preparing comprises of 5 Modules, and on every module, one must go through at least 1 hour to move to the following module. The preparation schedule covers all the fundamental and propelled data on Insurance.
For what are reasons one should be interested to become an Insurance Point of Sale (POS) Advisor?
There are numerous motivations to turn into a protection Point of Sale (POS) Advisor not many of them are recorded beneath.
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Work for yourself: By turning into Point of Sale (POS) Advisor, you need not follow orders and become master of your own set up.
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No fixed working hours: There will be no fixed working hours, however, more you invest energy in your work, the more you can procure.
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Extra Earning: You can work with low maintenance and procure additional salary over your month to month profit. You can earn more by putting more efforts in the business.
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No compelling reason to go anyplace: You can approach your potential targets digitally and without running around.
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Just about Zero Investment: It is the one of the only business which gives you income without any investment. It is lucrative for anyone to start his work by not investing anything extra.
Why with us
A company with experience of over a decade with a flawless track record.
Technology-based services both at the time of issuance and after the issuance of the policy.
Handholding the clients when they need the most at the time of claim.
Technology-based reminders for renewals of your clients.
Complete Online Process, No Paperwork
5 Easy Steps on claim Process:
>> Connect with your broker.
>> The Claim investigation begins.
>> Your policy is reviewed.
>> Damage evaluation is conducted.
>> The payment is arranged.
6 Step procedure on Financial Planning Process is: Determining your current financial situation. Developing financial goals. Identifying alternative courses of action. Evaluating alternatives. Creating and implementing a financial action plan. Re-evaluating and revising the plan.