Can you make money from home?
Many individuals believe that in order to earn money and make a living they would have to step out of their homes and take a job. That is why people like housewives, retired individuals etc. don’t believe that they can earn money from home. This is a myth. The insurance segment offers an attractive career choice by offering part time jobs from home. These jobs let individuals make money from the comfort of their own homes. You can become a Point of Sale Person (PoSP) to start your career in insurance and have a part-time job at home. As a Point of Sale Person (PoSP), you can earn a very good income right from your home.
Do you know how to earn money at home by selling insurance as a part-time job? You can earn in three ways -
- Through first year commissions earned on the policies sold
- Through renewal commissions when the policies you sold are renewed by your clients
- Through the rewards and recognition programs organised by insurance companies which promise gifts in cash and kind
How much money can be made selling insurance from home as a part-time job?
The commission that you can earn is also quite attractive. Here is how much you can earn by selling insurance as a part-time job at home–
|Types of plans sold||Commission structure
|Motor insurance plans||For private car comprehensive insurance – up to 15% of the own damage (OD) premium|
|For commercial vehicle comprehensive insurance – up to 15% of the own damage (OD) premium|
|For two-wheeler comprehensive insurance – up to 17.5% of the own damage (OD) premium|
|For third party only policies – up to 2.5% of annual premium|
|Life insurance plans||For regular premium plans – up to 30% of annual premium, based on policy paying term (PPT)|
|For single premium plans – up to 2% of single premium, based on policy paying term(PPT)|
|Term life insurance policies||For regular premium plans – up to 30% of annual premium, based on policy paying term (PPT)|
|For single premium plans – up to 2% of single premium, based on policy paying term (PPT)|
|Health insurance plans||Up to 15% of annual premium|
Here is a simple example to show you the earning potential when you become a PoSP (Point of Sale Person) -
Here’s assuming -
- You sell one car insurance policy to your friend owning a car and one bike insurance policy to your uncle who has a bike.
- Moreover, you sell a term insurance plan to your close friend after you explain to him the importance of having a term life cover.
- Also, you sell a family floater health insurance plan to your neighbour who is looking to cover himself and his family under health insurance.
Here’s how much you earn money from home by selling insurance policies:
|Type of policy sold||Premium amount (assumed)||Applicable commission rates on commissionable premium (assumed)||Commission Earned|
|Car insurance||INR 15,000||15%||INR 2,250|
|Bike insurance||INR 2,500||17.5%||INR 438|
|Term life insurance||INR 12,000||30%||INR 3,600|
|Family floater health insurance||INR 10,000||15%||INR 1,500|
You made INR 7,788 by selling insurance policies for these four plans in your part-time job. Imagine how much you can earn when you increase your sales and collect higher premiums?
Who is a Point of Sale Person (PoSP)?
A Point of Sale Person (PoSP) is like an insurance advisor but with a wider range of insurance products at his/her disposal. A Point of Sale Person (PoSP) is an intermediary between the insurance companies and customers. A Point of Sale Person (PoSP) can sell life and general insurance policies to his/her customer base as a part-time job. Each policy sold fetches a commission on the premium of the plan sold. Becoming a Point of Sale Person (PoSP) is one of the best work at home jobs which provides flexibility and is your answer to how to earn money from home part-time.
How to become a Point of Sale Person (PoSP) and earn money from your part-time job?
Becoming a Point of Sale Person (PoSP) is easy. Individuals would have to –
- Register online at Mintpro
- Submit their KYC documents for completing the registration process
- Undertake an online training of 15 hours. This training is done through simple video modules which are quite easy to understand
- Appear and clear the Point of Sale Person (PoSP) examination
Once the exam is cleared a Point of Sale Person (PoSP) license is issued by Turtlemint. This license allows individuals to sell insurance plans of different companies as a part-time job from home. Thus, now you know how to earn money from home from your part-time job.
Benefits of becoming a PoSP (Point of Sale Person) and making money from home
Becoming a PoSP (Point of Sale Person) is a great way to earn money from home. Here are the benefits that you get -
- No hassles of going to an office
When you become a PoSP (Point of Sale Person) you work from the comfort of your home and earn money from home. You don’t have to visit an office and put in long hours of work. You can simply work at your convenience when you have free time. Moreover, the policies are also sold online and you don’t have to visit the offices of insurance companies to deposit the proposal form and premium.
- Minimum eligibility requirements
A PoSP (Point of Sale Person) license only requires you to be 18 years and above and to have passed Class 10. It has no further eligibility requirements. Thus, whether you are a housewife, a retired individual or a student, you can qualify for this work.
This is a simple job of selling insurance from your home on a part-time basis.
- Financial independence
When you become a PoSP (Point of Sale Person) and have a part-time job from home, you get an income. This income lets you become financially independent. You can contribute to your family’s financial requirements and get a sense of achievement.
Where does Mintpro come in the picture?
The Mintpro app is for anyone looking for how to make money at home and who wants to make a career in insurance without any investments. The app aims to make the life of an insurance advisor easy and provide him efficient technology which would take care of the back-end processes in selling insurance as a part-time job. You would, therefore, save time using the app.
Individuals who want to become Point of Sale Persons (PoSPs)can use the app. Point of Sale Persons (PoSPs) is insurance advisor who can sell insurance policies of multiple companies with one license and have your own part-time job. You can download the app easily.
Why choose Mintpro?
Mintpro is a good choice for a work at home job because of the following reasons –
- Mintpro gives you complete online assistance when you sell policies, when you provide your customers with post-sale services and also at the time of claim settlement.
- You can track your commission earned, in real time using Mintpro app
- You get renewal reminders too which can be communicated to your customers for timely renewals
- You can sell insurance plans of different companies with one Mintpro app
Now you know how to earn money at home. Even if you are at home you can make money. Become a Point of Sale Person (PoSP)and build your career in insurance.
I never knew I could earn money from home. Thank you Mintpro for giving me this opportunity and have a part-time job at home..
Being a housewife I don’t get too much time to go out and pursue a full-time job. Thus, I didn’t know how to earn money at home. After becoming a PoSP (Point of Sale Person) I am able to earn money from home and earn better than having a job. I couldn’t be happier.
Mintpro gave me a chance to earn unlimited income right from my home. I became a PoSP and am now selling insurance policies to my contacts. It’s been a month and I have already earned INR 20, 000 in commissions. I never knew this work at home job could be so rewarding
Who knew that making money from a part-time job at home selling insurance would be so easy. Mintpro gives me complete online support. Selling insurance has, therefore, become easier and the income is great too.