Become A POS

With no investment & Generate Attractive Income, without any physical workplace.
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How Much Hopebox POSP Can Earn?

It's totally depend on your hard work & marketing skills to expand your client base & business through selling suitable product for your client . Otherwise there is no any upper limit for your income. POSPs can also raise their Income by referring other applicants looking for becoming POSP of Hopebox Insurance Broking as per our terms & conditions.
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What's POSP ?

The Insurance Regulatory and Development Authority of India (IRDAI) came up with a new model for insurance distribution in 2015 called POSP(Point of Sales Person) who is licensed insurance advisor of particular company, engaged in particular category such as General & Life Insurance. Insurance Broker's POSPs can sell various Insurer's insurance products to meet their clients expectations as compared to normal Insurance Advisor.

Who Can Become POSP ? (Point Of Sale Person)

Any Adult age more than 18 yrs & having minimum 10th pass qualification can become POSP.

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Documents Required To Become POSP
  • Adhar Linked Pan Card.
  • Educational Certificate, minimum 10th class Passed or Degree in any educational stream.
  • Valid Bank Account details for credit of brokerage.
  • Passport size Photograph.
  • Email Id and Mobile No.
  • No Objection Certificate (if already associated with another Insurance Broker / Insurer).
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What's The Procedure To Become A Hopebox POSP
  • Apply for POSP to our web Portal or App.
  • Fill all required details & submit the required form.
  • Approve Annexure Received on mail.
  • After successful submission Applicant will receive Training link & study material on mail once scrutinized from our team.
  • The training syllabus covers all the basic and advanced information on Insurance as per IRDA norms for Life, Non Life & Health Insurance.
  • It's mandatory to complete online 15 hrs POSP training as per IRDA. After completion of training applicant will receive Exam link on mail. It's compulsory to pass the examination.
  • After passing examination Applicant will be converted into POSP.
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What's The Benefit Of Becoming A Hopebox POSP?
  • Its complete online process to become POSP through our portal.
  • Hopebox POSPs can get Instapay Incentive on business booked through our system as per terms & conditions of Hopebox Insurance Broking .
  • Facility of offline quotes for which APIs of Insurers are not available.
  • Dedicated RM for quotations & other required services.
  • Dedicated CRM portal & App showing incentive, policy count, premium, quote count, and upcoming renewals. Ease of access for Quote, compare, and buying insurance policies for customers.
  • Retention of incentive if registered client of particular POSP renews existing or any other available product policy with same mobile no. As per terms & conditions apply.
  • Ease of cross selling of various insurance products as per requirement of existing clients through portal & app.
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What If Anyone Fails The Examination?

Applicant should do revision of Study material to reappear the examination. There is no any extra cost involved to reappear the examination. Applicant can try unlimited attempts to pass the examination.

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Which Insurance Products Can Be Sold By POSP?
Following Non Life Products Are Saleable By POSP
  • Motor Comprehensive Insurance Package Policy for Two-wheeler, Private Car and Commercial Vehicles.
  • Third party liability (Act only) Policy for Two-wheeler, Private Car and Commercial Vehicles.
  • Indemnity Health Insurance (Sum Insured upto Rs 5 lacs).
  • Personal Accident Policy
  • Travel Insurance Policy
  • Home Insurance Policy.
  • Any other Policy specifically approved by the Authority(IRDA).
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Following Life Products Are Aaleable By POSP?
  • Pure Term Insurance product with or without return of premium.
  • Non-linked (Non-Participating) Endowment product.
  • Immediate Annuity Product.
  • Any other Policy specifically approved by the Authority(IRDA).
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Disclaimer:-

POSPs are appointed by guidelines of IRDA to be amended time to time. Hopebox Insurance Broking does not take any responsibility for any physical or financial loss of POSP in this program.
Hopebox reserves the right to change Incentive structure or any other scheme at any moment, also to recover incentive amount in case of cancellation of policy or any type of endorsement, if wrong details were mentioned at the time of issuance of policy. Recovery can be done whether POSP is in or out of system.

Frequently Asked Questions

  • The Insurance Regulatory and Development Authority of India (IRDAI) came up with a new model for insurance distribution in 2015 called POSP(Point of Sales Person) who is licensed insurance advisor of particular company, engaged in particular category such as General & Life Insurance. Insurance Broker's POSPs can sell various Insurer's insurance products to meet their clients expectations as compared to normal Insurance Advisor.

  • Any Adult age more than 18 yrs & having minimum 10th pass qualification can become POSP.

    1. Adhar Linked Pan Card.
    2. Educational Certificate, minimum 10th class Passed or Degree in any educational stream.
    3. Valid Bank Account details for credit of brokerage.
    4. Passport size Photograph.
    5. Email Id and Mobile No.
    6. No Objection Certificate (if already associated with another Insurance Broker / Insurer).
    1. Apply for POSP to our web Portal or App.
    2. Fill all required details & submit the required form.
    3. Approve Annexure Received on mail.
    4. After successful submission Applicant will receive Training link & study material on mail once scrutinized from our team.
    5. The training syllabus covers all the basic and advanced information on Insurance as per IRDA norms for Life, Non Life & Health Insurance.
    6. It's mandatory to complete online 15 hrs POSP training as per IRDA. After completion of training applicant will receive Exam link on mail. It's compulsory to pass the examination.
    7. After passing examination Applicant will be converted into POSP.

  • Applicant should do revision of Study material to reappear the examination. There is no any extra cost involved to reappear the examination. Applicant can try unlimited attempts to pass the examination.

    1. Its complete online process to become POSP through our portal.
    2. Hopebox POSPs can get Instapay Incentive on business booked through our system as per terms & conditions of Hopebox Insurance Broking .
    3. Facility of offline quotes for which APIs of Insurers are not available.
    4. Dedicated RM for quotations & other required services.
    5. Dedicated CRM portal & App showing incentive, policy count, premium, quote count, and upcoming renewals. Ease of access for Quote, compare, and buying insurance policies for customers.
    6. Retention of incentive if registered client of particular POSP renews existing or any other available product policy with same mobile no. As per terms & conditions apply.
    7. Ease of cross selling of various insurance products as per requirement of existing clients through portal & app.

  • Following Non Life products are saleable by POSP

    1. Motor Comprehensive Insurance Package Policy for Two-wheeler, Private Car and Commercial Vehicles.
    2. Third party liability (Act only) Policy for Two-wheeler, Private Car and Commercial Vehicles.
    3. Indemnity Health Insurance (Sum Insured upto Rs 5 lacs).
    4. Personal Accident Policy
    5. Travel Insurance Policy
    6. Home Insurance Policy.
    7. Any other Policy specifically approved by the Authority(IRDA).

    Following Life products are saleable by POSP

    1. Pure Term Insurance product with or without return of premium.
    2. Non-linked (Non-Participating) Endowment product.
    3. Immediate Annuity Product.
    4. Any other Policy specifically approved by the Authority(IRDA).

  • It's totally depend on your hard work & marketing skills to expand your client base & business through selling suitable product for your client . Otherwise there is no any upper limit for your income. POSPs can also raise their Income by referring other applicants looking for becoming POSP of Hopebox Insurance Broking as per our terms & conditions.

Proceed To Become POS