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Retirement is no longer a full stop to the career but a comma. For many retired professionals, it’s the start of a new chapter. With more time, experience, and a desire to stay active and engage meaningfully, many seek opportunities that are flexible, fulfilling, and financially rewarding.
One such option is becoming a POSP (Point of Sale Person) in the insurance industry. It’s simple to start, requires minimal investment, and allows you to earn by helping others make informed insurance decisions. Becoming a retired insurance agent is a great career option for those looking to be productive and earn on their own terms.
Who is the POSP in Insurance?
A POSP (Point of Sale Person) is an authorized insurance agent recognized by IRDAI to deal in health, life, motor, and general insurance products. They work under a licensed insurance distributor and are trained to guide customers through the insurance journey, right from selecting the right policy to managing documentation and completing digital transactions.
POSPs also provide basic post-sale support and assist with claims and renewals. They earn commissions on each policy, offering a flexible and independent way to build a career in insurance, ideal for individuals re-entering the workforce, such as retired insurance agents and housewives as POSPs.
Benefits of Becoming POSP Insurance Partners for Retired Professionals
Retired professionals often possess a wealth of life experience, strong interpersonal skills, and a solid reputation within their communities. These qualities make them ideal candidates for a second career as a retired insurance agent.
Becoming a POSP through Quickinsure gives retired individuals a chance to have a steady income. Let’s look at the key benefits of working as a retired insurance agent:
One of the most attractive perks of becoming a POSP is the freedom to work on your terms. There are no strict office hours or daily reporting obligations that help to enjoy a balanced lifestyle while staying productive.
Becoming a retired insurance agent requires no capital, inventory, or office space. Quickinsure provides a fully digital setup, which includes training modules, an intuitive online platform, and mobile tools, all free of charge.
The POSP model operates on a commission-based structure, meaning your income is directly linked to your performance. There’s unlimited potential to grow your earnings. You receive a commission on every policy sold, and in some cases, renewal commissions as well.
Training is provided in an easy-to-understand online format, so even those with limited tech skills can comfortably learn and operate. Continuous updates, marketing tools, and backend assistance help everyday work happen smoothly.
Eligibility to Become an Insurance POSP for Retired Professionals
The eligibility criteria to become an insurance PoSP are simple and inclusive, especially for retired insurance agents:
● Must be 18 years or older
● Must be a citizen of India
● Must have passed at least Class 10
● Must have a bank account
● Must possess valid KYC documents: PAN card, Aadhaar, bank details, and photo
● Candidates are required to complete a mandatory training program followed by passing a qualifying examination.
After meeting these requirements, you will receive a certification and can begin your second career as a retired insurance agent selling insurance policies.
How a Retired Person Can Become an Insurance POSP with Quickinsure?
Quickinsure’s seamless digital onboarding journey enables retired individuals to start their POSP career effortlessly, even with minimal tech experience. All you need to do is:
Sign up on the Quickinsure POSP portal or mobile app by filling in your basic details (name, mobile number, email, PIN code, and password).
Upload your Aadhaar, PAN card, bank details, educational certificate, and a recent photograph for IRDAI compliance.
Go through the mandatory IRDAI training modules on the platform, focusing on insurance principles, ethical practices, product knowledge, and sales techniques.
Take the online exam and score a minimum of 40% to get your license.
Finalize your onboarding with Quickinsure by signing the online partnership agreement to get your official POSP ID.
Quickinsure will give you a certificate confirming your registration as a POSP.
Quickinsure will officially notify the Insurance Regulatory and Development Authority of India (IRDAI) and the Insurance Information Bureau (IIB) about your registration and association as a POSP with the company.
Instantly access a comprehensive dashboard to compare quotes and sell policies across 35+ insurers, including motor, health, life, travel, cattle, and more.
Retirement doesn’t have to mean slowing down. Becoming a POSP through Quickinsure offers retired professionals second innings full of opportunity without the burden of long hours or financial risks.
Whether you're looking to supplement your pension or make a difference in others' lives, starting your journey as a POSP with Quickinsure could be the best decision you make in your retirement journey.
FAQs
A retired insurance agent has no fixed income limit. Since earnings are commission-based, a retired person can earn as much as they want. The more policies they sell, the higher their income.
Quickinsure does not charge any fees for registration or training. The entire onboarding process, from sign-up and KYC to training and certification, is 100% free.
You can get certified and start selling insurance as a POSP within 3 to 5 working days. The entire process, from registration and KYC to training, exam, and activation, is quick and fully online.
As POSP agents, retired professionals can sell a wide range of insurance products, including motor, health, life, travel, and home.
Published on: October 7, 2025
