Due to the growing demand for pos insurance, more people are applying to become related agents. While it is true that becoming a pos insurance agent can be profitable, there are several things you need to keep in mind to become successful.
This blog will cover why you should consider becoming a point-of-sale insurance agent. We further highlight the essential considerations you need to keep in mind.
What is a PoS Insurance Agent?
POS full form in insurance is Point of Sales. A POS insurance agent works with insurance companies, brokers, and corporate agents. These agencies provide the agents with training services to sell insurance policies to customers.
Agents handle all the paperwork and help customers get started with their policies. A PoS insurance agent also explains the coverage needed, the types of available coverages, and how much it will cost.
If you want to become a PoSP insurance agent, you can get yourself trained with a broker or insurance company. Besides the necessary training, you will also have to undertake the IRDAI test and get qualifying grades.
PoS in the insurance field is ever-growing, and the career is ideal for anyone looking to excel in the insurance industry and earn a good amount of money. You could be a small business owner, retired professional, financial advisor, mutual fund distributor, housewife, etc.
Eligibility Criteria for Becoming a PoS Insurance Agent?
Here are the various requirements you need to become a PoS insurance agent.
- Be an Indian resident.
- Have a minimum age of 18 years.
- Need to have cleared matriculation or secondary school or equivalent course.
- Have an Aadhaar card, PAN card, and bank account
Training Requirements for Becoming a PoS Insurance Agent
Anyone applying to obtain a PoS insurance license needs to undertake a 15-hour training program. PoS agents get recruited by specific insurers, corporate agents, and brokers.
It is thus essential that they promote the insurance products of a specific agency only. The training for such agents is also delivered by a related insurance broker. They also explain all the functions of insurance agents related to PoS.
License Validity and Scope of PoS Insurance Agents
Candidates who clear the PoS test successfully receive a certificate whose validity lasts a lifetime. PoS insurance agents can sell the products of their employer only. However, the same individual can become general insurance and life insurance agent. Here are the different insurance products a PoS agent can sell.
- Immediate annuity plans, pure term plans, non-linked and non-participating endowment plans.
- Travel, personal, and motor accident policies.
- General insurance policies with minimal underwriting.
Benefits of Becoming a PoS Insurance Agent
If you’re looking for a career that will give you the freedom to work from home and make a difference in the lives of your clients, becoming a point-of-sale insurance agent might be the perfect fit for you.
Here are just some of the benefits of becoming a point-of-sale insurance agent:
- You can work from home. With no office space or overhead costs, all you need is an internet connection and computer equipment.
- You will have unlimited earning potential. You set your own hours, so you can work as much or as little as you would like. It is totally up to you.
- You will have the opportunity to help others. One of the best parts about being a point-of-sale insurance agent is that every day is different. You never know who will walk through your door next.
Become a Point-of-Sale Insurance Agent Today with Choice India
Becoming a point-of-sale insurance agent is easy. You can do it from the comfort of your own home without having to pay for anything. All you need is a computer and an internet with reliable connectivity at all times.
You can visit the PoS insurance agent section on our website and sign up for our program. Once you’ve done that, we’ll send you everything you need. It will include instructions on how to sell our product, an online training program that will teach you all about point-of-sale insurance, including information about how it works.
Contact us today to know more details about our PoS insurance agent program.