News From Press 6 facts to note before purchasing an insurance policy from a point of sale person

6 facts to note before purchasing an insurance policy from a point of sale person

Source : Moneycontrol Jul 7, 2018

To facilitate growth in the non-life and health insurance business in the country, the Insurance Regulatory and Development Authority of India (IRDAI) introduced a new type of distribution model called point-of-sales person (PoSP), who are engaged either directly by insurers or by intermediaries such as corporate agents and insurance brokers. Let us understand the key differences of buying a policy from PoSP and insurance brokers in this story.

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