Insurance POSP Apply: A Simple Guide to Getting Started

To apply for a POSP role, one must follow a straightforward process designed to make the journey into the insurance world simple. Becoming a POSP allows you to sell various insurance policies, including life, health, and motor insurance, acting as an intermediary between customers and insurance companies.

The first step in applying is to register with an IRDAI (Insurance Regulatory and Development Authority of India)-approved insurance company like Quickinsure. The registration process typically requires submitting basic personal information and undergoing a brief verification. The next step is completing a mandatory 15-hour training program that covers the essential aspects of insurance, including the types of insurance products, their benefits, and how to effectively communicate with customers.

Once training is completed, candidates can take the exam for certification, which is also required by the IRDAI. After passing the exam, individuals are officially certified as POSPs, eligible to start selling insurance products. Quickinsure and similar providers offer easy online platforms to apply, making the process efficient and hassle-free. A key advantage is that POSPs can work independently, offering flexibility in their working hours.

The potential for growth in the insurance sector, coupled with attractive commission rates, makes becoming a POSP a lucrative career option for individuals looking for part-time or full-time work in sales.