These individuals are allowed to have lower qualification criteria (as compared to other insurance distributors such as general agents, brokers, and corporate agents) which can be coped up by continuous training. To facilitate a quick accommodation of a large number of insurance agents and distributors, IRDA has allowed this new type of entry. This is where the PoS insurance agents’ initiative comes into the picture. Therefore, to reach out to a vast number of people across all the corners of India, the insurance industry today needs more and the best insurance agents who are technically trained to deliver quick and optimized customer satisfaction according to individualized requirements. Furthermore, for complex insurance products such as Unit Link Insurance Plans, only a registered and trained distributor can sell policies from a particular insurance provider company. Professionalism is the demand of insurance industry ethics even for the selling of simple products such as motor insurance or travel insurance. The perforation of insurance in India has always been on the low side due to the scarcity of professionally trained people who can act as insurance agents or distributors. In simpler words, a PoS insurance agent can sell insurance in the wake of receiving a Certification by IRDA. To escalate insurance rift in India, the PoS (Point of Sales) initiative was set in motion by this superlative authority. Hence, this institution closely supervises all the activities which are related to insurance.
#Pos insurance registration
The sector of insurance in India is in control of its registration authority, the Insurance Regulatory and Development Authority of India (IRDA). Become Insurance PoS agent through SIBPL: Scope, Eligibility and Benefits
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