Who is a General Insurance Agent : An insurance agent is someone who works for someone to sell specific insurance products. insurance company works with.
You might be wondering how a home based insurance agent or POSP or general insurance agent works. By becoming an insurance agent or POSP or general insurance agent, you will help customers choose the right policy as per their personal needs.
Who is a General Insurance Agent
With Digit you can sell Health Insurance, Motor (Car, Bike, Commercial Vehicle) Insurance, SFSP Insurance and International Travel Insurance.
What is General Insurance?
A general insurance includes all non-life insurance policies such as car insurance, bike insurance, travel insurance, SFSP insurance, and health insurance.
These general insurance policies help people protect themselves from losses in the event of an unfortunate incident.
For example, a car insurance can protect someone against damage caused to their car during an accident while an SFSP insurance provides cover for losses in case of theft or natural calamity.
Given the rising living standards of urban India and laws like the Motor Vehicles Act, an increasing number of Indians are choosing insurance for themselves and their products.
Disclaimer – There is no specific category of agents. If you register to become a General Insurance Agent then you can sell all General Insurance products.
Interesting facts about general insurance industry in India
The Indian general insurance industry has grown by 14.5 percent in the last year alone.
The total premiums insured by non-life insurers in India in 2019 stood at Rs 1.59 trillion.
The general insurance market in India is expected to cross $40 billion by 2020.
Why become a General Insurance Agent with Digit?
Know more about why you should become an insurance agent and why you should choose Digit?
Work directly with Digit
As our POSP partner, you will work directly with us. No other middleman will be involved. Digit is the fastest growing insurance company in India today. We are currently the youngest company to be awarded Asia’s General Insurance Company of the Year 2019.
wide range of products
We offer a wide range of insurance policies covering different types of properties. For example we cover Health, Motor (Car, Two-Wheeler, Commercial Insurance), Travel, Home and many more.
Must Read: How to start insurance agent business
Saral Insurance
We believe in making insurance simple. That is why all our documents are so simple that even 15 year old children can understand them.
Strong backend support
With technology as our core pillar, we provide you with advanced web and mobile apps along with a dedicated support team that allows you to work as an agent 24×7!
Zero-Touch Insurance
All our processes are online, there is no paperwork involved. This is a positive sign; This saves you time and customers love it too!
Instant Policy Issuance
Our process doesn’t involve lengthy or tedious paperwork. We process policies online instantly without any inconvenience.
instant commission settlement
Don’t worry, we’ve got your back! All our commissions are settled quickly. Your commission will be credited to your account every 15 days from the date of policy issuance.
Who can become an insurance agent?
The easiest way to become an insurance agent is to complete your POSP certification. A POSP (Point of Sales Person) is a name given to an insurance agent who can sell specific insurance products.
To become a POSP you only need to have the minimum educational qualifications required by IRDAI. We will give you training. Your training process will be taken care of by Digit. So don’t worry!
What are the requirements and qualifications to become an insurance agent?
To become an online insurance agent, you need to keep these things in mind:
- You must be above 18 years of age,
- You must have completed at least 10th class education,
- You must have a valid Aadhar Card and PAN Card.
- You will then be asked to complete a mandatory 15-hour training prescribed by IRDAI.
- We promise to help you learn everything you need to know!
Who can become an insurance agent?
The only requirement to become an insurance agent is that the candidate must be above 18 years of age and must have completed 10th class education.
This means that anyone with the qualifications to sell insurance policies can become a POSP agent. This includes college students, stay-at-home spouses, retirees and businessmen/women.
How to become an insurance agent with Digit?
Step 1
Sign up by filling up our POSP form above, fill in all the details and upload the required documents.
Step 2
Complete your 15 hour training with us.
step 3
Complete the prescribed examination.
step 4
Sign the agreement with us and that’s it! You have now become a certified POSP.
Why should I become a General Insurance Agent?
be your own boss
One of the primary benefits of having a POSP is the freedom to work as per your convenience. Now you can be your own boss!
There is no shortage of time!
You can decide whether you want to work full time or part time and schedule your work accordingly.
work from home
At Digit Insurance, we primarily sell insurance policies online. This means, you can work from home as a POSP as well as use our online processes to sell and issue policies.
Only 15 hours training
One of the main requirements to get certified as a POSP is to complete 15 hours of mandatory training given by IRDAI; Which isn’t a lot of work! You only need to invest 15 hours to start your journey as a POSP!
More earning potential
Your earnings depend not on hours worked but on the number of policies you issue.
zero investment
Apart from a smartphone, a good internet connection and the required 15 hours of training, there is nothing else you need to become a POSP. Therefore, there is almost no monetary investment required on your part, while the earning potential is high!