A PoSP (Point of Sales Person) is an individual authorized to sell insurance products on
behalf of Mall Net India Insurance Broking Company (Insurance broker).
Who can become a PoSP and what are the benefits they receive?
Who Can Become a PoSP ?
Eligibility Criteria (as per IRDAI
guidelines in India):-
Must be at least 18 years old.
Should have at least a 10th standard pass
certificate (minimum education).
Must complete a 30-hour training program and
pass the PoSP certification exam conducted by Insurance Institute of India.
Should have a valid PAN card and Aadhaar card
(or equivalent KYC documents).
Should not be disqualified under any IRDAI
norms (like prior fraud, criminal records, etc.).
Who Typically Becomes a PoSP ?
Insurance agents switching to digital
distribution.
Housewives, students, retired professionals,
and freelancers.
Small business owners (pharmacists,
shopkeepers, etc.).
People seeking a side income or flexible work
options and passive income.
Should not be disqualified under any IRDAI
norms (like prior fraud, criminal records, etc.).
Benefits of Becoming a PoSP :
1. Earn Commissions:
You
earn a commission on every insurance policy you sell—life, health, motor,
etc.
Commission structures vary by product
and insurer.
2. Work Flexibly:
No
fixed working hours.
Can
work part-time or full-time based on your convenience.
3. Wide Product Access:
Can
sell policies from multiple insurers if associated with a PoSP platform.
Access to a range of insurance
products: motor, health, life, term, travel, etc.
4. No Big Investment Required:
Minimal setup cost; only need a
smartphone or computer and internet.
Training and certification are
typically low-cost.
5. Digital Support & Tools:
PoSP
platforms offer mobile apps and online tools to quote, compare, and issue
policies quickly.
6. Professional Growth:
Opportunity to become a trusted advisor
in your community.
Earn
experience, build a client base, and grow income over time.
Steps to Get Started :
A. Visit our website (mallnetindia.com/register) and register as a PoSP.
B. Submit KYC
documents: PAN, Aadhaar, photo, and education certificate.
C. Complete online
training (usually 30 hours).
D. Pass the
certification exam (conducted online by Insurance Institute of India).
E. Start selling all
insurance via y(our) Mall Net India Insurance Broking.
