Complete Guide to POSP Full Form and How to Become One

Are you looking for a flexible and rewarding career in the insurance sector? Whether you're a student, a homemaker, or someone looking to start a side hustle, becoming a POSP could be your gateway to success. In this guide, we will explain the POSP full form, how to become one, the benefits, and how POS Square Insurance can help you start your journey.

What is the Full Form of POSP?

The full name of POSP is Point of Sales Person.

A POSP is a person who is authorized to sell simple, pre-underwritten insurance products such as health insurance, auto insurance, term life insurance, and others. Introduced by IRDAI (Insurance Regulatory and Development Authority of India), this model allows people with minimal qualifications and a strong network to earn by selling insurance policies.

Who Can Become a POSP?

One of the best parts of becoming a POSP is that almost anyone can do it with the right training and certification. You’re eligible if you meet the following criteria:

  • Age: Minimum 18 years old

  • Education: Minimum 10th pass

  • KYC Documents: include PAN card, Aadhaar card, bank information, and a photograph.

  • Smartphone or Computer: For digital onboarding and policy sales

At POS Square Insurance, we provide a simple digital onboarding process, so you can get certified and start earning from the comfort of your home.

How to Become a POSP – Step-by-Step Guide

Starting your career as a POSP through POS Square Insurance is fast, easy, and fully online. Here’s how you can get started:

Step 1: Register Online

Visit www.possquareinsurance.in and fill out the registration form with your basic details like name, phone number, and email address.

Step 2: Upload KYC Documents

Submit scanned copies of your Aadhaar, PAN, and educational qualification (10th pass certificate).

Step 3: Complete Training

IRDAI mandates 15 hours of training, which you can complete online at your own pace. Our expert-led modules cover all the basics of insurance products, ethics, customer handling, and compliance.

Step 4: Pass the Exam

After the training, you must pass a simple online test. Don’t worry — our training ensures you’re fully prepared.

Step 5: Get Your POSP Code

Once you pass the exam, you’ll receive your POSP agent code, and you’re officially licensed to start selling insurance.

Why Choose POS Square Insurance?

At POS Square Insurance, we go beyond basic training. Here’s what makes us different:

  • Zero Investment: No upfront fees or costs

  • 100% Digital Process: Training, onboarding, and policy issuance are all online

  • Wide Range of Products: Motor, health, life, travel, and more

  • Attractive Commission Structure: Earn up to 30% commission per policy

  • Dedicated Support Team: Help with claims, renewals, and customer queries

  • Real-time Dashboard: Track your earnings and customers

  • Upskilling Modules: Regular updates and advanced learning for career growth

Whether you're in a city or a small town, POS Square Insurance helps you build a stable and scalable source of income.

What Can You Sell as a POSP Agent?

As a certified POSP with POS Square Insurance, you can offer:

  • Motor Insurance: Car, bike, and commercial vehicle policies

  • Health Insurance: Individual, family floater, and senior citizen plans

  • Term Life Insurance: Low-cost protection plans

  • Travel Insurance: Domestic and international coverage

  • Personal Accident & Other General Insurance

With our platform, you get instant quotes, compare multiple insurers, and issue policies in just a few clicks.

Benefits of Being a POSP

Here’s why thousands of people across India are joining the POSP revolution:

1. Work from Anywhere

All you need is a smartphone or laptop and internet. Ideal for students, housewives, retirees, and freelancers.

2. No Time Restrictions

You can work part-time or full-time and set your own schedule.

3. Unlimited Earnings

You will make more money if you sell more policies. There's no income cap.

4. Job Satisfaction

Help people get insured and protect their future — it's a meaningful career.

5. Zero Paperwork

From onboarding to policy delivery — everything is digital.

FAQs: Frequently Asked Questions

Q1. Is a POSP agent equivalent to an insurance agency?
Not exactly. A POSP can only sell pre-approved, simplified insurance products, while a traditional agent may sell a wider range. However, POSPs have a quicker entry path and more flexible working options.

Q2. Is there any investment needed to become a POSP?
No. At POS Square Insurance, we do not charge any registration or training fees.

Q3. How much can I earn as a POSP?
Earnings are determined by the number and type of policies sold. Some of our top POSPs earn ₹25,000–₹50,000+ per month.

Q4. Can I work as a POSP while doing another job?
Absolutely. You can work part-time, full-time, or even on weekends.

Conclusion

Becoming a POSP (Point of Sales Person) is a golden opportunity for anyone looking to build a side income or start a full-time career in insurance. With minimal requirements and zero investment, you can launch your journey with just a few clicks. And with POS Square Insurance by your side, you’ll get all the tools, support, and training you need to succeed.



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