How to Become a POS Agent Without Investment?

As a POSP agent, you'll have the chance to sell insurance products from various companies, giving you a wider range of options. This role offers flexible working hours, the potential for a good income, and plenty of support from insurance companies, making it a fantastic opportunity for the one who wants to start his/her insurance career without any investments.

In this blog, let's learn more about becoming an Insurance POSP agent and how you can earn huge benefits from this.

What is a POS Agent?

Insurance agents or POS agents are professional individuals who can help their customers find the right insurance policy while earning huge revenues for their respective companies through the sale of policies. They help their clients by suggesting the best and most affordable policies, answering questions, making sure that they get the right coverage, and making the insurance process hassle-free.

Usually, companies look for candidates who have the right qualifications to become suitable sales agents with the ability to create a loyal customer base.

Who can become a POSP Insurance Agent?

Any person, if he/she feels that he can make people aware of the necessity of insurance and has such convincing powers, then he/she is the right person to become a POSP insurance agent.

• College Graduates

• Job Seekers

• Retired and Experienced Persons

• Parents and Homemakers

• Financial Advisors and Planners

• Entrepreneurs and Self-Employed Professionals

Insurance Products That You Can Offer as a POSP?

You can sell various types of insurance products as a POP agent. Some of them are:

1. Car Insurance

2. Bike Insurance

3. Commercial Vehicle Insurance

4. Health Insurance

5. Life Insurance

6. International Travel Insurance

7. Personal Accident Coverage, etc. 

Qualifications to Become a POS Agent/Insurance Agent

To become a POS agent, there are some basic requirements you need to fulfill:

• Education: You must have passed at least the 10th standard (high school).

• Age: You must be at least 18 years old.

• IRDAI Certification: You must get certification from the Insurance Regulatory and Development Authority of India (IRDAI).

• State License: In India, every state needs a license to get started with the insurance business. In order to get this license, you need to pass a state-level exam that follows the state's rules and regulations.

Process of Becoming a POS Agent

Here are some basic steps that you need to follow to become an insurance consultant.

Registration

First, you need to visit the best posp insurance company of the insurer, find the POS agent application, and fill in the required information.

Training

To become an insurance agent, you will be required to complete the basic training that the IRDAI mandates. Therefore, the training can be done both online and offline. You have to complete a 5-hour course within two to three days.

License Exam

Once you are successful in your training, you need to take and clear a pre-licensing exam. The nature of the exam is objective. You need to score at least 17 marks out of 50 for becoming an insurance agent.

Receiving the License

Finally, the qualified candidate receives a license from India's Insurance Regulatory and Development Authority (IRDAI) and is allowed to start working as a licensed insurance agent.

Benefits of Becoming a POS Agent

Becoming a POS (Point of Sale) agent comes with several great advantages:

1. Flexible Hours: Most of these agents get the freedom to decide how much time they want to give to working for the company. This means balancing your work commitments in life will be easy.

2. Good Income Potential: As a POS agent, you receive commissions based on sales; thus, the more you sell, the more you earn money!

3. Help People: You get to help people and families find the proper insurance products that will secure their financial future. This feeling makes you happy knowing that you are making a difference in their lives.

4. Variety of Products: You can sell insurance products from multiple companies. It will give your clients more options, and it will help you meet their individual needs.

5. Support from Insurance Companies: The insurance firms will also train and assist you to ensure that you are well-equipped with information and confidence in your career as a POS agent.

6. Career Growth: There are lots of opportunities that you can get in the insurance industry. It gives you all the time to grow your career over time.

Conclusion

Overall, being a POS agent would give you a great opportunity to earn, enjoy flexibility, and serve others while building a fulfilling career. So if you are also looking to become a POS agent with certified insurance agencies, get in touch with Square Insurance. With them, you can become a certified POS agent that gives new heights to your insurance career.