Your Questions Answered
Got questions about becoming a Point of Sales Person (POSP) with Localbima? We've compiled a list of frequently asked questions to provide you with quick and clear answers.
POSP stands for Point of Sales Person. It's a certified professional licensed by the IRDAI (Insurance Regulatory and Development Authority of India) who can sell various insurance products directly to customers. POSPs act as a bridge between individuals and insurance companies, helping people understand and choose the right insurance plans.
Anyone who is an Indian resident, is 18 years or older, has at least a 10th-grade education, and possesses an Aadhaar Card, PAN Card, and a bank account can apply. We welcome students, homemakers, working professionals, retired individuals, and business owners.
As a Localbima POSP agent, you can sell a wide range of insurance products, including:
- Health Insurance
- Car Insurance
- Two-Wheeler Insurance
- Life Insurance
- Travel Insurance
- Marine Insurance
No, becoming a Localbima POSP agent requires zero upfront investment. You can start your business without any capital, making it an accessible opportunity for anyone looking to earn.
The training program is a mandatory 15 hours as per IRDAI guidelines. It's an online module covering essential insurance concepts, product specifics, sales techniques, customer service, and ethical practices to prepare you for the certification test and your role as an agent.
The certification test is conducted online after you complete your 15 hours of training. You can take it from the comfort of your home. It assesses your understanding of the training material and prepares you for real-world scenarios.
Your earnings are commission-based. You earn a commission for every policy you successfully sell. Localbima ensures timely and transparent payouts, directly into your bank account. Your earning potential is unlimited, depending on your efforts and sales volume.
No, you do not need a physical office. One of the key advantages of being a Localbima POSP agent is the flexibility to work from anywhere. You can contact clients, issue policies, and manage your business using our user-friendly mobile app and website from your home or on the go.
Localbima offers comprehensive support, including:
- Expert Training: In-depth training modules.
- Dedicated Relationship Managers (RMs): Personalized guidance and assistance.
- Tele-RMs: Instant support over the phone.
- Tech Support: Assistance with our platform and tools.
- Marketing Support: Resources to help you find and manage clients.
Once you successfully pass the online certification test and receive your IRDAI-approved license, you can start selling policies immediately. Localbima's platform is designed for instant policy issuance, allowing you to begin your earning journey without delay.
Didn't find what you were looking for? Feel free to reach out to our support team!
Contact Our Support TeamReady to Begin Your POSP Journey with Localbima?
Join our growing family of successful POSP agents and take control of your financial future.
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