- Who is a POSP?
A POSP – Point of Sales Person who can sell Insurance policies on behalf of the company.
- What are the qualifications for a POSP?
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- Should be 10thpass
- Should have attended in house training for 15 hours by the company
- Should have cleared exam conducted by the company and is certified
- What are the advantages of becoming a POSP ?
- Can pursue sourcing business even when having a job
- No need of a office space
- Can work at your own pace
- Has unlimited learning potential
- Why should one join Star Health Insurance ?
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- First standalone Health Insurance company in India
- 90% claims settled in less than 2hour.
- 11000+ strong network hospital at our service.
- 2 million claims settled since inspection
- No intermediary. Handled direct by company.
- 9cr lives covered since inspection.
- What is the percentage of commission to the POSP?
The commission as fixed by IRDAI is 15% for all insurance partners. However on achievement of slabs, can get incentives also.
- When will the commission be credited in to the partner account ?
The commission will be paid to the all POSP’s with in one week of the policy issue date.
- What is the method of payment of the commission ?
The first payment will be done through the check for confirmation, however after that the amount will be credited to the POSP through NEFT.
- Will there be a discount for the health/PA policy of POSP?
There is no discount for the POSP as per the company norm.
- What kind of support will be provided to the POSP?
There will be a relationship team which will help the POSP for any queries / clarifications. This will be in the form of calls / Email / WhatsApp Chats.
- Will there be an exam to be cleared for getting the code ?
Yes, there will be an online exam conducted by the company. The company will provide necessary training and equip the partner to take the exam.
- When will the POSP receive the identity card and code ?
The POSP code will be generated on clearing the exam and shared to the partner by mail. The Identity card will be dispatched and would reach in 7 to 10 working days after the code is generated.
- How can the POSP sell and issue policies to prospective customers?
After the code is generated, the partner will be provided with credentials to use an online portal & app. He / she will also be trained to use the online platform for day to day operations and issuing policies.
- Can the partner accept cash from the customer to issue the policy ?
Cash cannot be accepted for the policy.
- When will the physical document to be sent to the customer ?
Customer will receive the physical policy document in 7-10 working day from the policy issuance date.
- What is the claim procedure ?
The claim process is very simple. The customer can call at –18004252255/18001024477 and our representative will assist him 24×7.The Customer can also send a mail to support@starhealth.in . A claim can be registered using the link :- https://www.starhealth.in/claims#1
- Can a Government employee become a POSP ?
Of course you can become a POSP of star health insurance.
- Will there be meetings that the partner needs to attend compulsorily etc?
There are no compulsions like that. The POSP can work at his/her own pace.
- Will the POSP be eligible for Foreign Incentive trips?
Yes the POSP’s are eligible for all the incentives planned by the company from time to time.
- Is there differential payout for Fresh & renewal policies?
No absolutely not, both have the same commission structure.