The insurance regulatory and development authority of India, better known as IRDAI, which is responsible for all insurance-related activity in the country, has recently devised a unique way to ensure every citizen of india has the opportunity to be under the insurance umbrella through The Posp Program. Posp stands for Point of sales person.

A Posp is an insurance agent who has the authority to work at the grassroots level and offer their customers a multitude of options like never before. While normal insurance agents can only sell insurance policies of their own companies, a Posp can sell insurance products across companies and across insurance categories too, like term plans, life plans, health plans, and so on. Here are some other advantages:

• A Posp has the authority to issue insurance policies on the spot (no underwriting necessary)
• Posp agents sell simple, transparent insurance plans that provide complete protection and tax benefits
• Many more options for customers to choose from; one Posp can provide The variety of several normal insurance agents
• Posp agents have been equipped with digital technology, which makes their lives form-free and therefore their customers' insurance experience richer

Through Posp agents, the insurance industry is bringing all the benefits it can provide Right to the doorstep of the common indian.