What is POSP in insurance?

POSP insurance full form is Point of Sales Person, an IRDAI-certified individual authorised to sell pre-approved insurance products such as term life, health, motor, and travel policies. Unlike traditional agents, a POSP operates with a simplified product basket and requires only 15 hours of training.

How to become a POSP insurance agent?

To become a POSP insurance agent, register with an IRDAI-approved insurer or intermediary, complete 15 hours of mandatory POSP training, and clear the IRDAI certification exam. Once you receive your POS Code, you can legally begin selling and earning commissions immediately.

Is POSP approved by IRDAI?

Yes, insurance POSP means operating under a framework directly established and regulated by IRDAI through the Point of Sales Persons Regulations, 2013. Every POSP registration is issued by the appointing insurer under IRDAI authorisation, making it a fully compliant distribution channel.

What is POSP commission?

POSP agent commission varies by product category, term life insurance earns 20–35% of the first-year premium, health insurance earns 10–15%, and motor insurance earns 10–17.5% on the own-damage component. Renewal commissions provide an additional recurring income stream every year the customer renews.

Which is the best POSP insurance company in India?

The best POSP insurance company in India depends on your target product and location. PB Partners, InsuranceDekho, and Turtlemint are strong choices for multi-insurer access, while HDFC Life and Go Digit are preferred for direct insurer partnerships with robust digital tools and fast POSP exam onboarding.

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What is POSP Insurance? Meaning, Eligibility, Commission & Best POSP Insurance Companies in India

Learn everything about POSP Insurance in India, including eligibility, certification, commissions, benefits, and top insurance partners.

Anjali Singh

Assistant Manager

Published Date:Jun 7, 2026

Updated Date:Jun 7, 2026

Frequently Asked Questions

Anjali Singh

Assistant Manager

Hey there, I'm Anjali Singh. With over 6 years of experience in finance, I specialize in creating content on banking, loans, and financial planning. My goal is to simplify complex financial topics and help readers make informed decisions through my articles.

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