How to Become a Policybazaar POS Agent: Step-by-Step Guide

If you are looking for a flexible way to earn income without any upfront investment, becoming a Policybazaar POS agent can be the easiest way out for you. No education in finance or prior sales experience is required for this. Just the minimum educational qualification, some documents, and completing a small training session will be enough.

The insurance penetration in India still lags behind. Policybazaar owns more than 90% market share in the digital space for insurance products. To address this issue, PBPartners was introduced by Policybazaar in 2021. Presently, there are 2.25 lakhs agents in PBPartners working in more than 18,000 pin codes all across India.

What Is a Policybazaar POS Agent?

The POS agent stands for the point of sales person (PoSP). The agent is certified and authorized by the IRDAI to sell various insurance policies like health, motor, life, and travel insurance. Anybody above the age of 18 years having an educational qualification till class 10 is eligible to become a POS agent.

As a Policybazaar POS agent, you will operate under the PBPartners program, which serves as Policybazaar's PoSP initiative. You will be able to sell insurance products from over 50+ insurance companies using a single platform.

Eligibility Criteria

Before registering for Policybazaar POSP, it is important to ensure that you fulfill these minimum conditions:

• Age should be a minimum of 18 years
• Education qualification minimum Class 10
• Should possess a valid PAN card
• Address proof should be valid
• Should have an active mobile and email ID
• No maximum age condition exists.

There is no upper age limit. All citizens irrespective of their profession such as students, homemakers, retirees, and working professionals can sign up. 

Documents Required

Make sure to have the following documents in hand before registering yourself as a PBPartners POS agent:

Add PBPartners As A Trusted Source

• PAN Card
• Aadhar card or any other identity proof that reflects your address
• Mark list/pass certificate of Class 10
• Passport-sized photograph
• Banking information to get commissions

How to Become a Policybazaar POS Agent: Step by Step

The Policybazaar POSP registration Process is completely online and does not involve any fee. Below is the stepwise process.

• Step 1: Go to www.pbpartners.com and click on the Register option on the homepage.
• Step 2: Put in your mobile number; OTP will be sent to your number. Verify your phone number.
• Step 3: Provide all your personal details like name, date of birth, residential address, and PAN number.
• Step 4: Upload necessary documents.
• Step 5: After verification of details, PBPartners will start your onboarding process and assign you a relationship manager.
• Step 6: Attend the mandatory 15 hours of training program online. This course covers insurance basics, various products, issuing procedure, claim process, and IRDAI guidelines.
• Step 7: Clear the IRDAI certification exam, which checks your knowledge about various insurance products and regulations.

The entire process of registering to obtain your licence may take anywhere between a few days to one week.

What You Can Sell as a PBPartners POS Agent

After getting your certification, you are able to offer customers the following types of insurance coverage:

• Health insurance
• Motor insurance, including car and bike
• Life insurance
• Travel insurance
• Home and all other general insurances

Here, you have the convenience to offer customers more than 51 types of insurance policies at your fingertips through the same platform.

Benefits of Joining PBPartners

PBPartners POS agent step-by-step guide is created to ensure easy onboarding. Apart from the steps mentioned for the registration process, below are some of the benefits available to you as a partner:

• Joining PBPartners is completely free, no money required anywhere during onboarding
• Access to more than 50+ insurers on one single platform
• 1800+ Relationship Managers who will be at your disposal to help you out
• The PBPartners app to keep track of your policies, track commission, and remind you of renewals
• Continuous training opportunities through PB Pathshala events
• Available in 18,000+ Pin codes across India

Common Issues During Registration and How to Fix Them

• OTP not received: Ensure that your mobile phone number is active and also not in DND. Ask for another OTP after waiting for a minute. In case it continues, contact PBPartners support on 1800-208-1155.
• Not able to upload the documents: Ensure that the files meet PBPartners’ standards and that their sizes are within the acceptable range. Blurry or unclear images cause this issue most often.
• Training exam still not unlocked: The exam will become accessible once all 15 hours of training are completed. Check your training progress on the dashboard before attempting the exam.

Key Takeaways

The process of how to become a Policybazaar POS agent is one of the more accessible career paths in the insurance sector. There is no cost involved, the eligibility criteria are very few, and you get flexibility in terms of working. With India's insurance market projected to reach USD 222 billion by FY26,  the demand for ground-level distribution agents is only going to grow.

If you meet the basic eligibility criteria, the Policybazaar POSP registration process is the most direct way to get started in insurance sales today.