How to get a PoSP Insurance Code

How to get a PoSP Insurance Code

Becoming a Point of Sales Person (PoSP) in the insurance industry is a promising venture that opens doors to a dynamic career. To embark on this journey, obtaining a PoSP Insurance Code is a crucial step. 

In this comprehensive guide, we will walk you through the process, requirements, benefits, and steps of acquiring your PoSP Insurance Code.

Quick Link: Become an Insurance Agent with

Understanding the PoSP Role as an insurance agent

A PoSP is essentially an empowered insurance agent authorized to directly sell diverse insurance products to consumers. This role encompasses offerings ranging from motor and life insurance to health and business insurance. 

Who issues the PoSP Insurance Code?

The PoSP Insurance code issued by the Insurance Regulatory and Development Authority of India (IRDAI), which is the regulatory body governing the insurance sector. Possessing this code legally authorizes you to sell insurance products in compliance with industry regulations.

Steps to Obtain a PoSP Insurance Code:

A PoSP Insurance Code is not just a numerical identifier; it is a symbol of your official recognition and authorization in the insurance sector. It provides you with the legal and professional standing to conduct insurance sales, fostering trust among both insurers and customers.

1. Research and Choose an Insurer:

Identify the insurance company you want to associate with as a PoSP. Research their products, reputation, and support system to make an informed decision.

2. Fulfill Eligibility Criteria:

Ensure you meet the eligibility criteria set by the chosen insurer. Typically, this includes minimum educational qualifications and sometimes-prior experience in the insurance sector.

3. Register on the Insurer’s Portal:

Visit the official website of the chosen insurance company like PBPartners. Locate the registration section for PoSP applicants and provide the required personal and professional details.

4. Complete Basic IRDAI Training Support:

Upon successful registration, you will undergo basic training mandated by the Insurance Regulatory and Development Authority of India (IRDAI). This training is accomplished through online or offline modes.

5. Pass the IRDAI Exam:

After training, you will need to clear the IRDAI exam. This examination evaluates your understanding of insurance products, regulations, and ethical practices. Post that, you will become a certified insurance agent.

6. Obtain PoSP Insurance Code:

Once you successfully pass the exam, you will obtain a PoSP Insurance Code. This code is unique to you and serves as your identification in the insurance domain.

Benefits of Being a PoSP with PBPartners after obtaining PoSP code

  • Work Flexibility: As a PoSP, you have the flexibility to work on your terms, allowing for a better work-life balance.
  • Earn Commissions: PoSPs earn commissions on the insurance policies they sell, providing a lucrative income potential.
  • Diverse Product Portfolio: PoSPs can sell a wide array of insurance products, catering to various customer needs.
  • Professional Growth: The role of a PoSP offers opportunities for professional growth within the insurance industry.
  • Access to Online Platforms:

Many insurance transactions, especially in today’s digital age, take place online. The PoSP Insurance Code allows you to access online platforms provided by insurance companies, enabling you to efficiently connect with customers and conduct business.


Acquiring a PoSP Insurance Code is the gateway to a rewarding career in the insurance sector. By following these steps and embracing the responsibilities that come with the role, you can set yourself on a path to success as a certified Point of Sales Person. Unlock the opportunities that await and make your mark in the thriving world of insurance.


What is insurance POSP code?

A POSP is essentially an insurance agent, who has the authority to sell insurance policies directly to consumers.

How do I apply for POSP?

To become a POSP i.e. Point of Sales Person, the minimum requirement is to be 18 years of age and basic education qualification. You can then qualify to register yourself with IRDA certification.

How do I begin the process of obtaining a PoSP Insurance Code?

Start by choosing an insurance company or broker to associate with it. Complete the registration process on their platform, fulfilling the required personal and professional details.

How long does the training for a PoSP take?

The training for a PoSP usually comprises 15 hours and could be completed through online or offline modes, depending on the insurer’s provision

Is there an examination to become a certified PoSP?

Yes, after completing the training, individuals need to pass an examination. This examination assesses their understanding of insurance products, regulations, and ethical practices.

What is the minimum age to become a PoSP?

18 Years

How a PoSP Insurance Agent Earns Commissions

The primary source of income for most insurance agents, including PoSP agents, is through commissions tied to the premium of the policies they sell. The key concept to understand in this context is the "base commission." The base commission represents the standard commission that an insurance agent, in this case, a PoSP agent, earns for each policy sold.

Related Articles

Selling Tips for PBPartners PoSP

How to become a PoSP insurance Agent

Leave a Reply

Your email address will not be published. Required fields are marked *

© 2021 PBPartners. All Rights Reserved |

PB Partners - A Brand Under Policybazaar Insurance Brokers Private Limited
CIN: U74999HR2014PTC053454 | Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana - 122001
Policybazaar is now registered as a Direct Broker |Registration No. 742, Registration Code No. IRDA/ DB 797/ 19, Valid till 09/06/2024, License category- Direct Broker (Life & General)