India’s insurance sector is witnessing a digital transformation, and one of the most popular career options emerging from this revolution is the POSP (Point of Sales Person) model. This model empowers individuals to become certified insurance advisors with the freedom to sell multiple types of insurance policies across leading insurers.
Quickinsure , a trusted IRDAI-licensed insurance broker, offers a streamlined POSP program that allows individuals to start their insurance journey with minimal investment and complete flexibility. But before you jump in, it’s important to understand the qualifications, documents, and IRDAI-mandated requirements necessary to become a POSP agent with Quickinsure.
This guide explains everything you need to know about qualifying as a Quickinsure POSP —who can join, what is required, and how to stay compliant with IRDAI regulations.
What is a POSP?
A POSP (Point of Sales Person) is a licensed insurance seller authorized by the Insurance Regulatory and Development Authority of India (IRDAI) . A POSP agent can sell pre-approved insurance products such as:
🚗 Motor insurance (two-wheeler and four-wheeler)
🏥 Health insurance (individual, family, senior citizen)
💼 Life insurance (term and traditional)
✈️ Travel insurance (domestic and international)
🤕 Personal accident policies
🐄 Rural and cattle insurance (in select regions)
With Quickinsure , POSPs get access to 35+ insurance companies and can manage everything digitally from a smartphone
Why Become a POSP Agent with Quickinsure?
Before diving into the qualification checklist, here’s why the Quickinsure POSP model is becoming popular among freelancers, students, homemakers, and retired professionals:
✅ Zero joining fees – free registration
📲 100% online onboarding and certification
🧾 Paperless policy issuance and KYC
💼 Work from home with flexible timing
💸 Earn commissions on every policy sold
🔁 Recurring income through policy renewals
Now, let’s look at the qualifications and regulatory requirements.
Basic Eligibility Criteria to Become a Quickinsure POSP
To become a POSP agent in India under IRDAI norms (as followed by Quickinsure), you must meet the following basic eligibility criteria :
✅ Age:
Must be 18 years or older
✅ Nationality:
Must be a resident Indian citizen
✅ Educational Qualification:
Minimum of 10th standard pass (matriculation or equivalent)
Certificate must be from a recognized board or institution
✅ PAN and Aadhaar:
Must have:
A valid PAN Card (for income tracking and IRDAI registration)
A valid Aadhaar Card (for identity and address verification)
> 🔒 These KYC documents are mandatory under IRDAI compliance.
Documents Required for POSP Registration with Quickinsure
Once you’re eligible, gather the following documents for registration:
🧾 PAN Card (clear, front-side scan or image)
🪪 Aadhaar Card (front and back scan or photo)
📄 10th Pass Certificate or Marksheet
📷 Passport-size photograph (for official use)
✍️ Digital signature (can be done during registration)
Ensure that all documents are clear, authentic, and readable to avoid delays in verification.
IRDAI Guidelines for POSP Agents (Followed by Quickinsure)
The Insurance Regulatory and Development Authority of India (IRDAI) has laid down specific rules for POSP agents to ensure customer protection, ethical conduct, and professional standards.
Quickinsure strictly follows these IRDAI guidelines in its POSP onboarding and operations.
✅ IRDAI-Compliant Training
Before certification, every POSP candidate must complete:
📚 15 hours of IRDAI-approved training
Delivered online by Quickinsure (self-paced modules)
Covers topics like:
Basics of insurance
Principles of underwriting
Customer relationship skills
Policy comparison and digital selling
Product-specific knowledge (motor, health, life)
> This ensures agents are well-informed and ready to advise clients responsibly.
✅ POSP Examination
After completing the training, IRDAI requires candidates to pass a certification exam.
📝 Conducted online
Usually 20–25 multiple choice questions
Topics from the training module
Passing score: Around 50–60%
Result and certificate are emailed to you
Quickinsure facilitates this exam and issues the POSP certification upon successful completion.
✅ Digital Agreement and Licensing
Once the exam is cleared:
You must digitally sign an agreement with Quickinsure
This formalizes your relationship as a registered POSP under Quickinsure’s IRDAI license
The agreement outlines:
Commission structure
Sales terms
Data privacy and ethical responsibilities
Code of conduct
> You’ll receive your POSP Code/ID , which identifies you as an officially recognized insurance agent.
✅ IRDAI Code of Conduct for POSPs
All POSP agents under Quickinsure are expected to follow IRDAI’s ethical standards:
🤝 Act in the best interest of customers
💬 Provide transparent and complete information about policies
❌ Avoid misleading or pressurizing sales tactics
🧾 Issue valid policy documents and receipts
🛡️ Protect customer data and maintain confidentiality
📞 Assist with claim processing and service-related concerns
Failure to comply may result in cancellation of your POSP license and legal action as per IRDAI norms.
Maintaining POSP Status & Continued Compliance
Once certified, you must follow these ongoing IRDAI compliance practices:
🧾 Keep KYC Updated:
PAN and Aadhaar must be valid and up-to-date
🎓 Continuous Learning:
Attend periodic refresher training/webinars from Quickinsure
Stay informed about new insurance regulations or product launches
📊 Report Your Earnings:
POSPs must declare income for tax purposes under freelancer/self-employed category
PAN card helps Quickinsure deduct and report TDS (if applicable)
🛑 No Dual Representation:
IRDAI strictly prohibits POSP agents from being associated with more than one insurance broker or corporate agent
You can sell products from multiple insurers, but only under one broker license , i.e., Quickinsure
Common FAQs about Qualifying as a Quickinsure POSP
❓Can I become a POSP without prior experience?
✅ Yes, you don’t need any insurance background. Quickinsure provides full training and support.
❓Is there an age limit?
✅ You must be 18+ to qualify. There is no upper age limit .
❓How long does the certification process take?
✅ Most agents complete registration, training, and exam within 3–5 days .
❓Can I sell insurance offline?
✅ Yes, you can meet clients personally but must issue policies digitally through the Quickinsure platform.
Final Thoughts
Becoming a Quickinsure POSP is not just about selling insurance—it’s about building a flexible, rewarding, and compliant career under the guidance of one of India’s leading digital brokers. By meeting simple eligibility criteria, completing a short online training, and clearing an IRDAI-approved exam, you can start earning income legally and confidently in just a few days.
Whether you’re a college student, working professional, homemaker, or entrepreneur, the POSP path offers you a cost-free entry into the booming insurance industry .
