If you’ve ever thought about starting a business or finding a side hustle that doesn’t require a massive upfront investment, you’ve likely stumbled upon the term Insurance POS. In the world of finance, things can get complicated fast, but the “Point of Sales Person” (POSP) model was actually created to make things simpler for everyone involved.
In a country like ours, where so many people still don’t have adequate cover for their health or vehicles, being an Insurance POS isn’t just a job—it’s about helping your neighbors protect what matters most. Let’s walk through what this role actually involves and how you can get started without feeling overwhelmed.
What exactly is an Insurance POS?
In simple terms, a Point of Sales Person (POSP) is a specialized type of insurance seller. Unlike traditional agents who might spend years mastering complex corporate policies, a POSP focuses on pre-underwritten, straightforward products. These are the “ready-to-go” plans that most people need daily, like car insurance, two-wheeler cover, or basic term life plans.
The beauty of being an Insurance POS is that the products are designed to be easy to understand. There’s less paperwork and fewer technical “gotchas,” which makes the sales process much faster for you and more transparent for your customers.
The Big Question: How to Become an Insurance Advisor?
You don’t need an MBA or a background in finance to get your foot in the door. The barrier to entry is surprisingly low, which is great if you’re a student, a homemaker, or someone looking to switch careers. Here is the general roadmap for how to become an insurance advisor through the POSP route:
- Check Your Eligibility: You only need to be 18 years old and have a 10th-grade certificate.
- Pick a Partner: You’ll need to register with an insurance broker or company. Many people choose Quickinsure because their platform aggregates many different insurers in one place, giving you more variety to offer your clients.
- Complete the Training: The IRDAI (the big boss of insurance in India) mandates a 15-hour training session. Most of the time, this is done online at your own pace.
- Pass the Test: After your training, you’ll take a simple online exam. You don’t need to be a math genius; you just need to show you understand the basics of the policies you’ll be selling.
- Get Certified: Once you pass, you sign an agreement, and you’re officially a certified Insurance POS.
Why People are Moving Toward the POSP Model
Traditional insurance roles can sometimes feel restrictive. You might be tied to just one company, which means if their prices go up, you have nothing else to offer your clients. Being an Insurance POS with a broker like Quickinsure changes that.
You Are Your Own Boss
You decide when you work. If you have a few hours on a Saturday morning, you can reach out to your network. If you’re busy with family during the week, you can hit “pause” without any boss breathing down your neck.
Zero Investment, High Reward
Most businesses require you to buy stock or rent an office. Here, your only investment is your time and your smartphone. You earn a commission for every policy you sell, and since everyone needs insurance (by law for vehicles!), the market is always there.
Managing Your New Career with Tech
Success as an Insurance POS often depends on how fast you can give a quote to a customer. No one wants to wait three days to find out how much their car insurance will cost.
Using a digital platform makes this effortless. Instead of calling ten different companies, you can see all the prices on one screen. This is where Quickinsure really helps its partners; their tech-heavy approach lets you generate instant quotes and issue policies on the spot.
Growing Your Network
The best insurance advisors aren’t “pushy” salespeople. They are problem solvers. When you talk to someone about their health or their car, you’re helping them avoid a financial disaster later on.
Start with your inner circle. Tell your friends and family that you are now a certified Insurance POS. You’ll be surprised how many people have a policy that’s about to expire and haven’t had time to renew it. Once you help them, the word-of-mouth in a city like Pune or even smaller towns travels fast.
FAQs About Insurance POS
Can I be a POSP for more than one company?
According to the rules, you can only be a POSP for one intermediary (like a broker) or one insurance company at a time. However, if you work with a broker, you can sell products from multiple insurance brands through that single broker’s platform.
What kind of commission can I expect?
Commissions vary depending on the product. Motor insurance usually pays differently than life or health insurance. The great thing is that you often get “renewal commission” too—so if a client stays with you for years, you keep earning.
Do I need an office to start?
Not at all. Most advisors work entirely from their phones or laptops. As long as you can access the internet to generate quotes and enter customer details, you can work from your living room or a local cafe.
Is the exam very difficult?
Not really! It’s designed to be accessible. Most people who complete the 15-hour training pass it on their first try. It covers the basic ethics and rules of insurance rather than complex calculations.
If you’re ready to take control of your financial future, becoming an Insurance POS is one of the most stable paths you can choose. You get to build your own business with the support of a major platform. Quickinsure offers the tools and the training to get you certified and selling in a matter of days.
