Yes, the IRDAI mandate for POSP training is a minimum of 30 hours. With the RATNAAFIN Insurance Training & Certification App you can finish the 30 hours training & clear the exam for certification as POS.

A POSP (Point of Sales Person), also known as an insurance agent, he is an expert who provides guidance and assistance to individuals, families, and businesses in assessing their insaurance requirements and finding appropriate coverage options. They act as an agent of Insurance Intermediaries for clients, ensuring that the clients' interests are well-represented throughout the insurance process.

Assessing Client Needs: A POSP starts by understanding the specific needs and risk profiles of their clients. They analyze clients' personal circumstances, financial goals, and potential vulnerabilities to identify suitable insurance solutions.

Providing Expert Advice: Once the client's needs are assessed, POSP offers professional advice on insurance products and coverage options available in the market. They explain the terms, benefits, and limitations of different policies, helping clients make informed decisions.

Customizing Insurance Solutions: POSPs tailor insurance plans to meet individual or business requirements. They consider factors such as budget, desired coverage limits, deductibles, and exclusions to create a personalized insurance portfolio that adequately addresses the client's risks.

Researching Insurance Providers: POSPs stay updated on various insurance providers, their offerings, and reputations. 

In-depth Insurance Knowledge: POSP possess a comprehensive understanding of insurance policies, coverage types, and industry trends. They stay updated on regulatory changes and emerging insurance products to offer the best advice to their clients.

Excellent Communication: Effective communication is essential in explaining complex insurance concepts to clients in a clear and understandable manner. POSPs should listen attentively, ask relevant questions, and convey information accurately.

Analytical and Problem-Solving Skills: Assessing risks, comparing policy terms, and finding the most suitable coverage options require strong analytical skills. Insurance advisors evaluate different scenarios, analyze data, and propose tailored solutions to address clients' needs.

Ethical Conduct: POSP must adhere to ethical standards, acting in the best interests of their clients. They maintain confidentiality, disclose relevant information, and avoid conflicts of interest while recommending insurance products.

Choosing a career path that offers both personal fulfillment and financial stability is a significant decision. For those considering a profession in the insurance industry, becoming a PoSP presents numerous advantages including professional growth, financial rewards, job security, and the opportunity to make a positive impact on people's lives. This career path combines continuous learning, independence, and the ability to build meaningful relationships with clients. As a PoSP, you become a trusted advisor, empowering individuals, families, and businesses to protect their assets, secure their futures, and navigate the uncertainties of life with confidence.

Minimum Education Qualification: 10th Standard Pass.

Age: Minimum 18 Years.

Documents Required: Adhaar Card, Pan Card for KYC compliance.