Learn About the Role of POSP Insurance Agent

by Sanjay Nandy Digital Marketing Manager

Who is a POSP Insurance Agent?

A POSP insurance agent is a salesperson who acts as the mediator between the insurance company and the person buying the insurance policy. His or her main purpose is to sell the most suitable policy to the customers by knowing their requirements.

Clearly, a POSP agent is a representative of the insurance company who offers his or her services to potential clients or persons who need to buy an insurance policy. Thus, a POSP agent helps the company to grow its clientele by taking the responsibility of selling its insurance products directly to the clients.

Role of the POSP Insurance Agent

The role of the POSP agent of an insurance agent is beyond just selling the insurance policies. Here’s what they do.

·         Insurance policies are not like any products which are sold in bulk. They have to be sold one by one, and each time the selling procedure is quite lengthy. The agent has to listen and understand the client’s requirements, analyze their financial capabilities, and sell the most suitable policy. Thus, the agent just doesn’t sell the policy but is seriously involved in some decision-making.

·         People buy insurance policies so that they can secure their future from of any financial stress. It is an investment that they make and is a part of their financial planning. Therefore, they seek to maximize the benefits of their insurance policy in the long term. The POSP agent must explain all the benefits and coverage of the policies to a customer. In short, selling insurance means selling of insurance benefits. So, the agent must be able to clearly mention the benefits to the customers.

·         The agent is also responsible for all the tasks associated with the purchase of an insurance policy by a client. They must do all the paperwork, regularly check up on the premiums and help customers to pay them, take care of the additional benefits or bonuses, and handle the claim settlement procedure.

While these are the roles of a POSP agent, know here why it can be a great career choice for you.

·         Get the chance to grow your career in one of the most profitable financial sectors of the economy and earn a lot.

·         Work in your own terms, with no restriction for timings and a workplace. You can literally travel and work too.

·         Get associated with a reputed insurance company and work with lots of flexibility.

·         Get necessary training and learning sessions according to IRDA norms and acquire skills of an insurance advisor.

·          Get assured of a transparent and fair remuneration structure.

 

Conclusion

Earlier, having a career as an insurance agent was not as attractive as it is now. The agents have to run to clients and then to the company office to and fro every day. So, the job was tiresome and young people don’t really care about what they can earn from it. However, digitalization has totally transformed the scenario. Now, insurance policies can be sold online and all documentation, payments of premium, claim settlement, etc. can be done instantly in a hassle-free way! Thus, you can choose to become a POSP insurance agent of a renowned company, work with comfort, and pave a successful career in the insurance market.

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Created on Aug 4th 2022 08:04. Viewed 113 times.

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