Work as an Insurance POSP

Work as an Insurance POSP

                                                   

Many people are looking for an alternate career option or are taking up part-up jobs for additional income. One such career option for additional income is to be a POSP (Point of Salesperson) with an insurance company. A POSP is the name given to an insurance agent who can sell specific products in the insurance sector. With COVID-19, there has been a huge shift in the way insurance is looked at, and people have started realising the importance of having a health insurance policy. Several health insurance players have been hiring candidates as full-time or part-time employees to work for them as POSPs to meet this demand.

Insurance

                                        

How much does a Insurance Agent make? The national average salary for a Insurance Agent is ₹18,122 in India. Filter by location to see Insurance Agent salaries in your area. Salary estimates are based on 103 salaries submitted anonymously to Glassdoor by Insurance Agent employees.

. The career of a life insurance agent is lucrative but involves constant hustling, networking, and many instances of rejection before a sale is ever made

. When looking for a job, make sure that you only apply to companies that have received favorable reviews by rating agencies like Moody's and Standard & Poor's.

Insurance Sales Commission Example

 

The policy costs Ryan $100 per month or $1,200 per year. Thus, in the first year, Uni will make a $1,080 commission on selling this life insurance policy ($1,200 x 90%). In all subsequent years, Uni will make $60 in renewals, as long as Ryan continues to pay the premiums ($1,200 x 5%). An agent selling one or two policies per week at this commission level could make $50,000 to $100,000 in their first year as an agent.

                                       

Once you've got your resume polished, you'll want to begin finding positions and applying. It's imperative that you don't feel pressured to take the first position that comes along because working for the wrong company can both burn you out and haunt you for the rest of your insurance career. Ideally, you want to work for a well-known company with a good reputation among consumers, other agents, and insurance rating agencies.

Average ICICI Prudential Life Insurance Agent salary in India is ₹ 2.5 Lakhs per year for employees with less than 1 year of experience to 7 years. Agent salary at ICICI Prudential Life Insurance ranges between ₹ 1 Lakhs to ₹ 5.1 Lakhs per year. Salary estimates are based on 19 salaries received from various employees of ICICI Prudential Life Insurance.

lary in India is ₹600,000 per year. 

Entry level Insurance Agent positions 

can both burn you out and haunt you for the rest of your insurance career. Ideally, you want to work for a well-known company with a good reputation among consumers, other agents, and insurance rating agencies.

Many people are looking for an alternate career option or are taking up part-up jobs for additional income. One such career option for additional income is to be a POSP (Point of Salesperson) with an insurance company. A POSP is the name given to an insurance agentwho can sell specific products in the insurance sector. With COVID-19, there has been a huge shift in the way insurance is looked at, and people have started realising the importance of having a health insurance policy. Several health insurance players have been hiring candidates as full-time or part-time employees to work for them as POSPs to meet this demand.

How much does a Insurance Agent make? The national average salary for a Insurance Agent is ₹18,122 in India. Filter by location to see Insurance Agent salaries in your area. Salary estimates are based on 103 salaries submitted anonymously to Glassdoor by Insurance Agent employees.

                                                     

Many people are looking for an alternate career option or are taking up part-up jobs for additional income. One such career option for additional income is to be a POSP (Point of Salesperson) with an insurance company. A POSP is the name given to an insurance agentwho can sell specific products in the insurance sector. With COVID-19, there has been a huge shift in the way insurance is looked at, and people have started realising the importance of having a health insurance policy. Several health insurance players have been hiring candidates as full-time or part-time employees to work for them as POSPs to meet this demand.

Many people are looking for an alternate career option or are taking up part-up jobs for additional income. One such career option for additional income is to be a POSP (Point of Salesperson) with an insurance company. A POSP is the name given to an insurance agentwho can sell specific products in the insurance sector. With COVID-19, there has been a huge shift in the way insurance is looked at, and people have started realising the importance of having a health insurance policy. Several health insurance players have been hiring candidates as full-time or part-time employees to work for them as POSPs to meet this demand.