How to become a PoSP Insurance Agent?

Policybazaar is the undisputed industry leader in online insurance sales, with a market share of 90% plus According to national brokerage and research firm Edelweiss, Policybazaar (PB) has carved out a position for itself in the fascinating sector of online financial products, with low digital sales and insurance penetration backing its development potential in this budding industry

Hence, Policybazaar has expanded its footprint through such PoSP offline channels across India to support its digital presence. In 2021, the company announced its PoSP business–PBPartners

The primary reason for launching the Point of Sales Person (PoSP) business is to scale insurance penetration in Tier-2 & Tier-3 cities, occupying 50% of consumer demand Essentially, “Taking Insurance to Bharat”!

PBPartners opens up a world of endless opportunities for you Earn attractive remuneration while you go mobile. Just log on to our website or PBPartners app and register yourself with PBPartners to become a POSP Insurance agent

Main Idea to start PBPartners

In 2015, the Insurance Regulatory and Development Authority of India (IRDAI) established a new form of insurance distributor known as the PoSP The intent was to increase insurance penetration across the country

What is PoSP?

A PoSP insurance agent can sell a wider range of policies from multiple insurance companies, across categories like health insurance, term life insurance, two-wheeler, four-wheeler, commercial vehicle insurance, etc These products are pre-underwritten and authorized by the Insurance Regulatory and Development Authority of India (IRDAI) So, gone are the days when selling policies was a challenge for insurance agents.

Who can become a PoSP Insurance Agent?

Anyone who is above 18 years of age and has passed out the 10th standard can become a PosP agent partner with us. It is an excellent chance for young graduates and those searching for a part-time job It is also an excellent opportunity for college students, stay-at-home moms, retirees, and even individuals who currently have a job but want to do more on the side.

Benefits of becoming PoSP Agent:

Multiple opportunities

The PoSP agent partners can work for more than one insurance service provider As opposed to the practice of former times when distributors used to be associated with just one company, agent partners can now sell insurance products for multiple companies. The only qualifying requisite for an individual to become an agent partner is for them to be 18 or above and to have cleared 10th standard exams

Flexibility

Unlike most corporations that function under a fixed work schedule, PoSP agent partners can work from anywhere and anytime. This gives the convenience of comfort and eliminates the stress of time-bound targets

Investment

Signing up for a PoSP agent is free of cost, and therefore it requires zero investment from your end. The registration process is simple and only requires basic information.

Earning Potential

The PoSP agent partners get to work even after retirement and earn attractive payouts

How to become a POSP with PBPartners?

PBPartners opens the world of insurance selling for you, in just a few simple steps Read on below to discover how to become a PoSP agent partner.

Step 1:

To become a PoSP agent partner with PBPartners click on the ‘Registration’ button on our website and enter your contact number This will send an OTP to your registered mobile number that you need to enter to verify your account. This number will be your official registered mobile number

Step 2:

Post verifying your OTP, you will need to fill in your basic information, share your PAN details, and a few more demographic information.

Step 3:

Post sharing all this information you are required to undergo a mandatory 15-hour training which is followed by an online examination Upon successfully clearing this examination, you are given an appointment letter as our PoSP agent partner that authorizes you to sell policies.