The insurance sector is on the boom in India, and today is the best point to start to build a high-potential career with a recognized insurance certification. It doesn't matter whether you are a student, a homemaker, or a working professional; to have a certified insurance agent status through a trusted insurance course can be your ticket to a flexible and rewarding career. 

The best thing about the insurance course is that we also have online courses available. One of the most popular paths is to register for an IRDA certification course online and become a POSP agent. Let’s explore further about this certification course.

What is a POSP in Insurance?

A POSP (Point of Sales Person) in the insurance domain is the one who sells the different insurance products. This option is also one of the most popular choices for commencing a career in the insurance sector without any necessity for a formal degree. 

This career option is best for those who want mobility, outstanding remuneration, and the possibility of being an independent insurance agent within their community. 

A POSP who has gone through the complete insurance certification procedure has the right to propose and sell a wide variety of insurance products, like motor, health, term life, and travel insurance. 

If you are a person who intends to develop your skills or you are planning to become a professional insurance agent, the best first step is to take a recognized insurance course or an IRDA certification course.

Key Topics Covered in the POSP Training Course

A certified insurance course under the POSP model is essential, covering fundamental topics that equip learners with both practical knowledge and the necessary compliance awareness. This syllabus has been designed as per the IRDAI standards (Insurance Regulatory and Development Authority of India).

The main subject areas generally covered in a basic insurance certification course are the following:

1. Basics of Insurance:

The concepts of insurance, the kinds of risks it encompasses, and its importance in risk mitigation are all covered in this insurance course.

2. Understanding Different Insurance Products:

Candidates are trained on a wide array of products, including:

1. Motor Insurance.
2. Health Insurance.
3. Life and Term Insurance.
4. Fire and Property Insurance.
5. Travel Insurance.

These are vital for any insurance agent who wishes to offer complete solutions to clients.

3. Sales Process and Soft Skills:

The learning process also provides hands-on training in customer handling, after-sales support, and selling skills, and it is designed to be of help, especially for the new-age insurance agents who work in both digital and brick-and-mortar modes of operation.

4. Claims and Policy Issuance:

The key element of the insurance course online is mastering how to manage claims and renewals, as well as the use of e-platforms for instant policy issuance.

The candidate who goes through the entire course is not just well-informed about the insurance-selling environment but also is physically ready to function as a certified insurance agent under the POSP model.

Eligibility Criteria to Enrol

Unlike traditional education paths, becoming a POSP insurance agent through the IRDA certification course is easy and straightforward. This is the main reason for a lot of people who want to work in this profession, even those who are from a background other than finance, to join this course.

Basic Eligibility Requirements

●      Age: Minimum of 18 years.

●      Education: Completion of at least the 10th standard (matriculation).

●      Documentation: PAN card, Aadhaar card, and a recent photograph.

These flexible criteria enable professionals, homemakers, students, and even retirees to take insurance courses online and earn certification.

How to Get Certified as a POSP Agent?

Obtaining certification as a POSP insurance agent is a simple and entirely digital process. This is a detailed guide on how to complete an insurance course and become certified:

- Opt for an Acknowledged Insurance Provider:

Choose an online insurance course offered by a platform or provider approved by the IRDAI. Make sure the certification is recognized and meets the standards set by the regulatory authority.

- Go Through the Training:

Attend compulsory 15-hour training online or via recorded modules. These modes are interactive, user-friendly, and will discuss all topics mentioned above.

- Clear the Assessment Test:

Upon finishing the training, a test will be given online to measure your comprehension of the insurance terms. Passing this test gives you the right to be awarded the POSP insurance certificate.

- Launch Your Insurance Venture:

After completing the training, you’ll need to take an IRDAI-mandated test to assess your understanding of insurance concepts. Passing this test qualifies you to receive the POSP insurance certificate.

Final Thoughts 

A certified insurance course provides you not only with the skills to understand complex insurance policies but also handling claims effectively. 

With the increase in consumer knowledge and the use of the internet, there is an unprecedented demand for competent insurance agents. Grab this opportunity to upskill, get certified, and build a successful career in the insurance industry. 

Are you prepared to start your journey? Become an insurance agent with Quickinsure, the leading platform in India for POSP insurance training, policy comparison, and quick policy issuance.

Published on - 26/09/2015