What is a POSP (Point of Sales Person) Insurance Agent?
A Point of Sales Person (POSP) is an IRDAI-certified insurance advisor authorized to sell pre-underwritten insurance products such as Motor Insurance, Health Insurance, and Term Life Insurance across multiple insurance companies.
Benefits of Becoming a POSP with LocalBima
Zero Investment Required
Start your own insurance advisory business with zero upfront fees or capital required.
Sell Multiple Insurer Policies
Access quotes and instant policy issuance for Star Health, HDFC ERGO, ICICI Lombard, Tata AIG, and 30+ others.
100% Digital Process & Instant Payouts
Manage customers, generate quotes, track commissions, and receive direct bank payouts seamlessly.
Dedicated Local Support & Training
Get continuous guidance from LocalBima claim settlement experts in Vapi, Valsad, and across India.
Eligibility Criteria & Required Documents
To register as a POSP agent under IRDAI guidelines, candidates must fulfill the following minimum requirements:
| Requirement | Details |
|---|---|
| Minimum Age | 18 years or older |
| Educational Qualification | 10th Standard (SSC) Pass Certificate or higher |
| Identity Proof | PAN Card (Mandatory) & Aadhaar Card |
| Bank Account | Cancelled Cheque or Bank Passbook for direct commission credits |
| Training Requirement | Mandatory 15-Hour POSP Training (Completed online) |
Step-by-Step Registration & 15-Hour Training
KYC Registration
Enter phone number, verify OTP, and upload PAN, Aadhaar & Bank details in portal.
Watch 15-Hr Modules
Complete self-paced video modules covering Insurance fundamentals, Motor & Health rules.
Pass Exam & Sign
Score at least 50% on 30-min online exam and sign digital agreement to receive certificate.
POSP Commission & Earning Potential
Your earning potential as a POSP agent is unlimited and directly proportional to the policy volume you write:
Estimated Monthly Commission Earnings
High PayoutsPart-Time (5 Policies)
₹15,000 / mo
Full-Time (15 Policies)
₹45,000 / mo
Top Producer (30+ Policies)
₹1,00,000+ / mo
Frequently Asked Questions
Is there any exam fee or registration cost?
No. POSP training, exam evaluation, and digital certification on LocalBima are 100% free.
Can I work as a POSP alongside my full-time job or business?
Yes. POSP advisory offers total flexibility. You can sell policies part-time or full-time from anywhere.
How quickly do I get paid commissions?
Commissions are calculated automatically upon policy issuance and credited directly to your bank account.