Insurance POSP Agent Exam

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To become a POSP insurance agent and start selling insurance, you need to take the IC 38 exam. This is the common way to start a career as an insurance advisor. However, unlike a POSP agent, an insurance advisor can only sell insurance from one company they are registered with.

Structure of Insurance Advisory Exam

The insurance advisory exam is taken online. You need to go to the nearest IRDA-certified center to take the exam. The exam has 50 questions with multiple-choice answers. To pass, you need to score at least 40%. Once you pass, you will get your insurance advisory license.

Sample questions for the insurance advisory exam:

1. The policyholder must inform the insurance company about the claim within
(a) 30 days(b) 60 days(c) 90 days
2. Which of the following is considered a valid reason for policy cancellation?
(a) Non-payment of premium(b) Change of address(c) Policyholder's request after 2 years
3. In case of an accidental death, the nominee is eligible for
(a) Only the sum assured(b) The sum assured and additional benefits(c) Only the premium paid amount
4. What is the minimum age to buy a life insurance policy in India?
(a) 18 years(b) 21 years(c) 25 years
5. The term 'waiting period' in health insurance refers to
(a) The time before the policyholder can claim benefits(b) The waiting time for the claim approval(c) The time for policy renewal

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"Using Square Insurance's web portal and mobile app has revolutionized the way I sell insurance policies. It's incredibly user-friendly and efficient, saving me valuable time on every transaction"

Prakash Gupta — Square Insurance POSP

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"As a channel partner of Square Insurance, I appreciate the seamless experience provided by their web portal and mobile app. It's simplified the entire policy buying and renewal process, making it effortless for both me and my clients."

Mohit Bansal — Square Insurance POSP

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"Thanks to Square Insurance's innovative platform, I can now focus more on building relationships with my clients rather than getting bogged down in paperwork."

Arvind Batad — Square Insurance POSP

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