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At Aapka Policywala, We empower individuals to achieve self-sustainability and financial independence by becoming Point of Sales Persons (POSPs). As a POSP, you have the unique opportunity to design your own source of income and live independently as an insurance agent.
POSP (Point of Sales Person) refers to an individual who acts as a sales agent or intermediary for insurance products and services. They play a crucial role in the distribution and sale of insurance policies to customers. POSPs are authorized by insurance companies or intermediaries to sell insurance products directly to customers at the point of sale. The concept of POSP was introduced to extend the reach of insurance services and make them more accessible to customers, especially in areas where traditional insurance agents might not be readily available. POSPs often operate on a commission-based model, earning a commission on the insurance policies they sell.
Key characteristics of a POSP:
Direct Sales: POSPs engage in direct sales of insurance products to customers. They may approach potential clients, offer insurance solutions, explain policy details, and facilitate the purchase of insurance plans.
Product Knowledge: POSPs are required to have a good understanding of the insurance products they are selling. They should be able to explain policy features, benefits, terms, and conditions to customers.
Training and Certification: In many jurisdictions, POSPs are required to undergo training and obtain certification from insurance regulators or companies to ensure they are well-informed about the insurance industry and adhere to ethical practices.
Digital Enablement: Many POSPs leverage digital platforms and technology to facilitate the sales process. This includes using online portals or mobile applications to provide quotes, complete applications, and issue insurance policies.
Distribution Channels: POSPs may operate through various distribution channels, such as insurance company branches, banks, online platforms, or insurance aggregators.
Insurance Categories: POSPs may deal with different types of insurance products, including life insurance, health insurance, motor insurance, and more. Become a POSP agent with Aapka Policy, the leading online insurance company of India to start a high-earning full-time or part-time career!
A POSP Partner can sell the most important vital policies by analysing the vast scope and potential that are there in the current market.
Life Insurance: POSPs can sell various types of life insurance policies, including term insurance, whole life insurance, endowment plans, and unit-linked insurance plans (ULIPs). These policies provide financial protection and investment opportunities to policyholders.
Health Insurance: POSPs can offer health insurance plans that cover medical expenses, hospitalization costs, and other related medical treatments. Health insurance policies may include individual health plans, family floater policies, and critical illness insurance.
Motor Insurance: POSPs can sell motor insurance policies that provide coverage for vehicles against damages, theft, and third-party liabilities. These policies include car insurance, two-wheeler insurance, and commercial vehicle insurance.
Travel Insurance: POSPs can offer travel insurance policies that provide coverage for trip cancellations, lost baggage, medical emergencies, and other travel-related risks.
Home Insurance: POSPs may sell home insurance policies that protect homes and their contents against damages caused by fire, theft, natural disasters, and other perils.
Personal Accident Insurance: POSPs can offer personal accident insurance that provides coverage for accidental death, disability, and related medical expenses.
Rural and Micro-Insurance: POSPs may also sell rural insurance products and micro-insurance plans tailored to the specific needs of customers in rural or low-income areas.
Savings and Investment Products: In some cases, POSPs may also offer savings and investment-linked insurance products, such as retirement plans and pension schemes.
Financial Independence: As a POSP with Aapka Policywala, you have the opportunity to design your own source of income. You can earn commissions on the insurance policies you sell, giving you the potential to increase your earnings based on your efforts and sales performance.
Flexibility: Working as a POSP provides you with the flexibility to set your own working hours. You can choose when and how much you want to work, allowing you to strike a work-life balance that suits your personal needs.
Entrepreneurship: Aapka Policywala empowers you to become an entrepreneur within the insurance industry. You can build your own client base, develop your business strategies, and grow your income stream independently.
Training and Support: Aapka Policywala provides comprehensive training and continuous support to POSPs. You will receive the necessary knowledge, tools, and resources to succeed in the insurance market and serve your clients effectively.
Vast Product Portfolio: Aapka Policywala offers a wide range of insurance products, including life insurance, health insurance, motor insurance, and more. This diverse product portfolio enables you to cater to the varied needs of your clients and provide them with suitable insurance solutions.
Digital Enablement: Aapka Policywala leverages digital platforms and technology, making it easier for you to manage your clients, track policies, and access training materials. The online tools provided by the company streamline your workflow and enhance your productivity.
Recognition and Incentives: Aapka Policywala values the contributions of its POSPs and recognizes their achievements. The company offers attractive incentives, rewards, and recognition programs to motivate and encourage your performance.
Financial Inclusion: As a POSP, you play a crucial role in promoting financial inclusion by reaching out to underserved segments of the population and making insurance accessible to a wider audience.
Opportunity for Growth: Working with Aapka Policywala provides ample opportunities for career growth and professional development. As you build your client base and gain experience, you can progress in your role and take on leadership positions within the organization.
Satisfaction of Helping Others: As a POSP, you provide valuable financial protection to individuals and families, helping them secure their future. The satisfaction of making a positive impact on people’s lives can be personally rewarding.
Minimum Age: You must be of legal age, typically 18 years or above, to become a POSP.
Educational Qualification: There is usually no specific educational qualification required to become a POSP. However, having a basic understanding of insurance concepts and products can be beneficial.
Good Communication Skills: Possessing good communication skills is essential as a POSP, as you will be interacting with customers to explain insurance products and address their queries.
Ethical Conduct: Aapka Policywala expects its POSPs to adhere to high ethical standards and maintain a customer-centric approach in their dealings.
Licensing and Certification: Depending on the jurisdiction and the types of insurance products you intend to sell, you may need to obtain the necessary licenses or certifications mandated by the insurance regulatory authority.
Background Check: Aapka Policywala may conduct a background check to ensure that prospective POSPs have a clean record and are fit for the role.
Sales Experience (Preferred): While prior sales experience is not always a mandatory requirement, having previous experience in sales or customer service can be advantageous.
Entrepreneurial Spirit: Aapka Policywala seeks individuals with an entrepreneurial mindset who are motivated to build their own business within the insurance industry.
Willingness to Learn: A positive attitude towards learning about insurance products, market trends, and sales techniques is important for a successful career as a POSP. Other than becoming a POSP agent, Aapka Policywala is also a great platform to buy or renew over 20 types of insurance policies. Learn about endowment insurance policy, car insurance, family travel insurance, and pension insurance plans!
Disclaimer: Insurance is the subject matter of solicitation. Visitors are hereby informed that their information submitted on the website may be shared with insurers. The product information for comparison displayed on this website is of the insurers with whom our company has an agreement. Product information is authentic and solely based on the information received from the Insurer.