How can I get LIC PoSP?
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How can I get LIC PoSP?
To become a PoSP (Point of Sales Person), you need to be at least 18 years old. Moreover, for your educational criterion, you need to be only 10th pass whether you live in a rural area or an urban one. To become a PoSP, all you need is a simple training of 15 hours with MintPro.
Can PoSP sell life insurance?
As a PoSP (Point of Sale Person) you can sell policies of multiple insurance companies, across both life and non-life categories, such as term life, ULIP, endowment life, motor, health, personal accident, home and travel.
What is PoSP code?
Understanding PoSP PoSP (Point of Sale Person) is a new type of license for insurance advisors that was created by IRDAI (Insurance Regulatory Development Authority of India) in 2015. It’s now the best way to enter insurance advisor career.
What is Posp in insurance?
Posp stands for Point of sales person. While normal insurance agents can only sell insurance policies of their own companies, a Posp can sell insurance products across companies and across insurance categories too, like term plans, life plans, health plans, and so on.
What is the difference between Posp and agent?
Unlike regular insurance agent, a PoSP can sell insurance products from multiple companies, without any restrictions and across approved insurance categories too, like term life plans, motor insurance, health insurance plans and more.
What is PoSP in insurance?
What is POS in insurance in India?
The PoS (Point of Sales) initiative was introduced by IRDAI, to increase insurance penetration in India. In other words, a PoS agent can sell insurance after receiving a Certificate by IRDAI. That is why IRDAI has allowed these PoS Insurance agents to sell only basic products, which don’t require a lot of underwriting.
What is the payment of LIC agent?
The national average salary for a LIC AGENT is ₹18,000 in India….LIC AGENT Salaries.
| Job Title | Salary |
|---|---|
| Life Insurance Corporation of India LIC AGENT salaries – 5 salaries reported | ₹20,180/mo |
What is PoS in insurance in India?
What is difference between PoSP and agent?
While normal insurance agents can only sell insurance policies of their own companies, a Posp can sell insurance products across companies and across insurance categories too, like term plans, life plans, health plans, and so on.