Visit bimavima.com and follow a few easy steps to become a POSP. Register yourself and complete the simple verification process.
Upload your PAN-card and required documents. Complete your personal information as needed and finish your KYC process.
Learn through training and get certified in different insurance product. After that, begin your selling journey.
A Point Of Sales Person (POSP) is a mediator between the customer and the company. The Insurance Regulatory and Development Authority of India (IRDAI) ensures its root to diversify the growth of all insurance-related activities, hence POSP.
A POSP who wish to dive in the depts of being an advisor or an agent is most greeted and is permitted to go ahead and expand their level of growth by introducing insurance policies to the customers.
Today’s enlarging market has inculcated the culture to buy an insurance policy as the basic necessity to secure oneself and also the loved ones, which gives the agent the advantage to be a POSP.
We provide you with the opportunity to work comfortably and enjoy the flexibility of working remotely, whether from the comfort of your home or a dedicated office space.
You are part of a collaborative team: Ensuring your success through personalized supervision. As you navigate your journey, a dedicated supervisor will be by your side, providing guidance and support at every step to ensure your success.
Our products are meticulously designed to fulfill the essential needs of our customers, addressing their unique requirements and aspirations at every stage of their journey.
Unrestricted income growth: Embrace unlimited earning potential. As a POSP, you'll enjoy a highly rewarding commission structure, allowing you to maximize your earnings with every policy you sell.
To be eligible, you must be 18 years of age or older and demonstrate a mature and discerning mindset.
You should have completed your basic high school education.
You will be required to provide documents such as PAN card, identification and address proof, recent photographs, and essential exam certificate.
You will need to attend a training program organized by the company to become a POSP. Additionally, you must successfully pass a test conducted in accordance with IRDAI guidelines.
After completing the training, you will receive an approved certification from IRDAI.
Insurance Sales Representative, commonly referred to as a Point of Sales (POS) Agent, is an individual who is authorized to directly offer and sell insurance policies to potential customers. As a General Insurance Agent, you have the opportunity to sell various insurance products such as health coverage, motor insurance, property insurance, and more.
Under the claim settlement process, the Insurance Sales Representative (POSP) holds responsibility for the customer if any misrepresentation or misleading information occurs during the policy sale. However, in situations where a broker or an intermediary is part of the transaction, they assume the responsibility for settling claims in case of any complaints or issues arising from the policy.
POSPs specialize in selling insurance products that are approved by the Insurance Regulatory and Development Authority of India (IRDAI) directly to customers at the point of sale. On the other hand, Insurance brokers primarily handle complex and high-risk insurance policies, catering mainly to corporate clients and businesses.
If you are considering purchasing a Health Insurance plan individually for yourself, your spouse, or your parents, it falls under the category of Individual Health Insurance plans. These plans are specifically designed to provide coverage to individuals and their immediate family members on an individual basis.
To become a POSP Insurance Agent, you are required to provide the following documents: