Chandigarh: In recent years, insurance awareness in India has seen significant growth. Post-COVID, health insurance has emerged as the leading category within general insurance, now commanding a substantial 41% of the industry's total premiums. In the evolving insurance landscape, PBPartners, a brand under Policybazaar Insurance Brokers stands out with its innovative PoSP (Point of Sales Person) model, which has notably increased insurance penetration, particularly in Tier-2 and Tier-3 cities across the country.”The PoSP model: A unique career opportunity: PBPartners PoSP model offers a unique opportunity for individuals from diverse backgrounds to build a fulfilling career as insurance agent partners. This model is tailored for people with no initial financial investment, opening the door to boundless earning potential. Under this model, agent partners can sell insurance policies across multiple categories, including health, motor, life, and more, all with comprehensive digital tools and support.Benefits of becoming a health insurance agent partner :PBPartners’ PoSP model has revolutionized how insurance is distributed, particularly health insurance. By harnessing a dedicated network of agent partners, the company provides personalized insurance solutions directly to customers, ensuring that individual needs are met with efficiency and care.According to Mr. Neeraj Adhana, National Sales Head - Health Insurance at PBPartners, “Becoming an insurance agent partner with us offers several key benefits. There is no upfront financial commitment required, making it a zero-investment opportunity. The role is accessible to individuals from all walks of life, ensuring inclusivity. Additionally, there are boundless opportunities for income growth, providing substantial earning potential for those who join us.”Simplified claims experience:PBPartners makes sure that the claims experience is perfectly streamlined for people's ease. For this purpose, they have established a dedicated claims team that makes sure that there are no hindrances for the people throughout the process. Mr. Neeraj, added,” We make sure that there is timely coordination between the insurance company and the network hospital as soon as the claim is registered. Furthermore, the team makes sure that whenever a claim is registered, the processing is done timely to prevent any delays. In cases where a claim is rejected, the team provides a clear and valid explanation to the customer, ensuring transparency throughout.”
Maintain a steady flow of income by renewal retention program: At PBPartners, the financial well-being of the agent partners is a top priority. To support this, recently the Renewal Retention Program was introduced. Through this initiative, agent partners (PoSP) receive a recurring commission each year when a customer renews a policy they originally purchased through the agent partner. This provides the agent partners with a stable, long-term income, much like a pension. The program has not only reinforced the trust agent partners place in PBPartners but also inspired them to elevate their performance even further
Training and ongoing support for agent partners:PBPartners is deeply committed to the growth and success of its agent partners. The company offers a range of training programs—such as Pathshala, Ignition, Saksham, Gyanshala, and Aarambh. PBPartners has also set up two distinct teams to support agent partners. Firstly, field teams, who assist agent partners directly in the field & secondly SVRM teams, who provide online support. Flexible work environment and on-demand payout system:One of the standout benefits of working with PBPartners is the flexibility it offers. Agent partners can work anytime, anywhere, making it an ideal opportunity for part-time workers looking to balance other responsibilities. This flexibility allows agent partners to act as their own bosses while pursuing other interests.